827 21st St · Huntington, WV 25704

$40,000

3 bd · 2.0 ba · 1,762 sqft · SingleFamily public records · 34 Days on market

Built 1900 3,920 sqft lot

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +4.0/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Investment property.

Key facts

• 3,920 sq ft lot
• Built 1900
• Listed 33 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $40k.

Deal economics

• At list price, monthly cash flow is $898 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $40k).
• Recommended offer: $39k (3.0% below list) — sets the bar for market timing.
• Cap rate 33.2% vs local median 6.5% in Huntington — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 79/100 on livability (#16 in WV, #2,045 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools C-, crime F, employment F.
• Cabell County Schools (urban): math 31% / reading 42% proficiency, ranked #13 of 55 in WV (top 24%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 76 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 61 units permitted in Cabell County in 2024 (5 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $277 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $11k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 34 days — a 3% lower offer ($39k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $38,800 (3.0% below list)

Questions for the listing agent

1. It's been on market 34 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 3.74% ✓
• Cap rate: 33.24%
• Cash-on-cash: 96.22%
• DSCR: 5.28
• GRM: 2.2

CMA / ARV

• ARV (on-the-fly): $86,338
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2102 8th Ave	0.09mi	3/1.0	1,768 (+0%)	0mo	$22,000	$12	91
2203 10th Ave	0.18mi	3/1.5	1,824 (+4%)	12mo	$48,000	$26	74
1945 10th Ave Ave	0.16mi	3/2.0	1,848 (+5%)	13mo	$215,000	$116	73
1917 17r 18th St	0.52mi	3/2.0	1,885 (+7%)	1mo	$150,000	$80	64
936 20th St	0.11mi	2/1.5 (-1)	1,536 (-13%)	10mo	$75,000	$49	58
1548 Rugby Rd	0.39mi	3/2.0	1,676 (-5%)	19mo	$198,000	$118	58
1739 Doulton Ave	0.33mi	4/2.0 (+1)	1,530 (-13%)	3mo	$144,900	$95	55
1830 Hall Ave	0.42mi	3/1.5	1,520 (-14%)	3mo	$3,000	$2	54
1032 25th St	0.47mi	2/1.0 (-1)	1,680 (-5%)	14mo	$11,000	$7	50
1740 7th Ave	0.38mi	4/2.0 (+1)	1,910 (+8%)	22mo	$73,500	$38	44
1819 Magnolia Ln	0.73mi	3/1.5	1,540 (-13%)	7mo	$115,000	$75	37
1956 Underwood Ave	0.74mi	3/1.5	2,005 (+14%)	8mo	$70,000	$35	34

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 97.2%
• Equity multiple: 5.53×
• Total profit: $50,743
• Equity at exit: $5,964

10-year hold

• IRR: 99.8%
• Equity multiple: 11.53×
• Total profit: $117,947
• Equity at exit: $3,458

Cash invested: $11,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 83 Strongly Landlord-Friendly
• State West Virginia: 83 Strongly Landlord-Friendly · R+22
• County: — inherits STATE
• City: — inherits STATE

Landlord-favorable; preempted; minimal protections.

Methodology + full state rankings →

ZIP-level market 25704

• Home prices YoY: -13.7%
• Active inventory: 76
• Price-to-rent: 2.2×

Monthly cashflow live

• Estimated rent: $1,495 medium
• Mortgage (P&I): −$210
• Tax from tax record: −$57 /mo · $679/yr
• Insurance: −$17
• HOA: −$0
• Vacancy / Maint / Mgmt: −$314
• Net cashflow: $898

Break-even live

Break-even rent $358

Max offer price $40,000

Occupancy floor 35%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $10,000
• Closing costs: $1,200
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2489 1st Ave Unit 108 A Huntington, WV	2.0	1.5	1600	$1,495	$0.93	43d	1	0.88mi

Listing history 18 events

1. 2026-06-19
   days on market $40,000 Active 34 DOM
2. 2026-06-18
   days on market $40,000 Active 33 DOM
3. 2026-06-17
   days on market $40,000 Active 32 DOM
4. 2026-06-16
   days on market $40,000 Active 31 DOM
5. 2026-06-15
   days on market $40,000 Active 30 DOM
6. 2026-06-14
   days on market $40,000 Active 28 DOM
7. 2026-06-12
   days on market $40,000 Active 27 DOM
8. 2026-06-09
   days on market $40,000 Active 24 DOM
9. 2026-06-08
   days on market $40,000 Active 23 DOM
10. 2026-06-07
    days on market $40,000 Active 22 DOM
11. 2026-06-05
    days on market $40,000 Active 19 DOM
12. 2026-06-03
    days on market $40,000 Active 18 DOM
13. 2026-06-02
    days on market $40,000 Active 17 DOM
14. 2026-06-01
    days on market $40,000 Active 16 DOM
15. 2026-05-31
    days on market $40,000 Active 15 DOM
16. 2026-05-30
    days on market $40,000 Active 14 DOM
17. 2026-03-17
    status Pending
18. 2026-03-06
    listed $40,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast WV · Resets to sale price

• Current annual tax: $679 · $57/mo
• Projected year-2 tax: $679 · $57/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥102°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,940
• − Mortgage interest: −$2,241
• − Property taxes: −$679
• − Insurance: −$200
• − Repairs & maintenance: −$1,435
• − Management: −$1,435
• − Depreciation: −$1,164
• Taxable income: $10,787
• Est. tax owed @ 24.0%: −$2,589
• After-tax cash flow: $8,188/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Cabell County Schools
• NCES district ID: 5400180
• Math proficiency: 31% ▼ -7.00%
• Reading proficiency: 42% ▼ -6.00%
• Median HH income: $36,426
• Composite: 30.26/100
• National rank: #6285
• State rank: #13 of 55 in WV

Livability — Huntington

• Score: 79/100
• State rank: #16
• US rank: #2045

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime F Employment F Housing A Health & safety A+ User ratings D+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Huntington, WV
• City population: 25,795
• Population (ZIP): 14,413

Population outlook (Cabell County) Hauer SSP2

• Today (2025): 97,574 people
• By 2030: 98,060 · +0.5%
• By 2040: 98,817 · +1.3%
• By 2050: 100,185 · +2.7%
• By 2075: 105,895 · +8.5%
• By 2100: 105,948 · +8.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 5% Black 2%
• Common ancestry: Italian 3% Serbian 2% Slovak 2%
• Foreign-born: 1% · Canada
• Languages at home: 99% English-only · French/Haitian/Cajun 1%

Political lean MEDSL · Cabell

• 2024 margin: Strong R (+21.9) · D 38.0% · R 59.9% · Other 2.0%
• 2008→2024 swing: -11.8pp toward R · 2008: -10.1pp · 2024: -21.9pp
• All cycles: 2024: R+21.9 2020: R+18.0 2016: R+25.5 2012: R+13.9 2008: R+10.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -32.21%
• Current HPI: 202.1322
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

2 events — show timeline

• 2026-03-17 Pending — HBRMLS
• 2026-03-06 Listed $40,000 HBRMLS

Property tax history

+1.0%/yr

Latest (2025): $679 · +9.7% YoY. Source: county tax records.