59 Burdette Addition Dr · Point Pleasant, WV 25550

$129,000

3 bd · 1.5 ba · 1,596 sqft · SingleFamily · 27 Days on market

Built 1943 Fair condition $81/sqft · 19% below area Est $160k · 19% under

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Why this score? — see what drove the A- 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 +29.7/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +8.4/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Schools +2.2/10.0
• Condition / age +2.2/5.0

Listing remarks

3 Bedrooms & GREAT Space! Main floor features kitchen & dining area, living room, full bathroom, plus a bonus area perfect for an office, playroom, formal dining, etc. Refrigerator & oven/range included. Upstairs includes all three bedrooms, & spacious bonus room provides an inviting area for relaxing or entertaining, while the full basement offers ample storage and bonus bathroom fixtures (Additional toilet & shower). Outside, you'll find a generous backyard—perfect for outdoor activities—along with a versatile outbuilding for storage, hobbies, or workspace needs. A second-story deck offers elevated outdoor space and great potential, ready for your

Key facts

• Spacious bonus room
• Full basement
• Main floor kitchen

Tags

• MAIN FLOOR KITCHEN
• BONUS AREA
• SPACIOUS BONUS ROOM
• FULL BASEMENT
• GENEROUS BACKYARD
• VERSATILE OUTBUILDING

Property features AI

Exterior

• Parking: Carport
• Security: Smoke detectors
• Utilities: Public water; Public sewer
• Home design: Single family residence; Two-story; Frame construction
• Construction: Metal roof
• Exterior features: Deck; Porch; Fenced yard; Outdoor storage

Interior

• Kitchen: Electric range; Refrigerator
• Bedrooms: 7 total rooms (includes bedrooms and living spaces)
• Flooring: Carpet; Hardwood
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Heat pump heating; Heat pump cooling
• Interior features: Insulated windows; Storage; Full basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $129k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $471 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $129k).
• Recommended offer: $127k (1.5% below list) — sets the bar for market timing.
• Cap rate 10.7% vs local median 6.1% in Point Pleasant — 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 67/100 on livability (#95 in WV) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: health & safety C-, employment D, amenities F.
• Mason County Schools (town): math 20% / reading 33% proficiency, ranked #44 of 55 in WV (top 80%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Pt. Pleasant Primary (351 students, 0% FRL); Point Pleasant Junior/Senior High School (math 13% / reading 35%, grade F, #95 of 110 statewide, top 86%, 1,107 students, 0% FRL) — zoned schools average 0% FRL vs 47% district-wide (47 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 58 active listings in the ZIP; 3 units permitted in Mason County in 2024 (0 in 5+ unit buildings).
• This rent runs 41% of the median local income ($50k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $14k of equity ($892 loan paydown + $13k appreciation (10.0% local appreciation)).
• Mason County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $36k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 27 days — a 2% lower offer ($127k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1943 — 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 $127,065 (1.5% below list)

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1943 — 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. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 1.34% ✓
• Cap rate: 10.68%
• Cash-on-cash: 15.66%
• DSCR: 1.70
• GRM: 6.2

CMA / ARV

• ARV (median comp): $159,514
• List price: $129,000
• Delta: -19.13%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
518 Burdette Dr	0.16mi	4/2.0 (+1)	1,568 (-2%)	7mo	$19,500	$12	77
2903 Meadowbrook Dr	0.38mi	3/2.0	1,661 (+4%)	17mo	$217,500	$131	59
3221 Jackson Ave	0.06mi	4/2.0 (+1)	1,800 (+13%)	17mo	$185,000	$103	55
10971 Ripley Rd	0.50mi	4/2.0 (+1)	1,520 (-5%)	14mo	$185,000	$122	50
108 English Rd	0.24mi	2/2.0 (-1)	1,443 (-10%)	22mo	$169,000	$117	47
2915 Meadowbrook Dr	0.33mi	2/2.5 (-1)	1,396 (-12%)	12mo	$190,000	$136	45

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

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 35.9%
• Equity multiple: 3.78×
• Total profit: $100,306
• Equity at exit: $116,213

10-year hold

• IRR: 30.9%
• Equity multiple: 8.53×
• Total profit: $271,826
• Equity at exit: $250,619

Cash invested: $36,120 (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 25550

• Home prices YoY: 6.7%
• Active inventory: 58
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,725 medium
• Mortgage (P&I): −$676
• Tax est. 1.5%: −$161 /mo · $1,935/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$362
• Net cashflow: $471

Break-even live

Break-even rent $1,128

Max offer price $129,000

Occupancy floor 68%

Sensitivity live

Price	-10% $561	-5% $516	+0% $471	+5% $427	+10% $382
Rent	-10% $335	-5% $403	+0% $471	+5% $540	+10% $608
Rate	-1.0pp $536	-0.5pp $504	base $471	+0.5pp $438	+1.0pp $404

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: $32,250
• Closing costs: $3,870
• Reserves months: —
• Total cash needed: —

Listing history 2 events

1. 2026-05-18
   status Pending 979-char remark
2. 2026-04-20
   listed $129,000 Active 979-char remark

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥101°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,702
• − Mortgage interest: −$7,226
• − Property taxes: −$1,935
• − Insurance: −$645
• − Repairs & maintenance: −$1,656
• − Management: −$1,656
• − Depreciation: −$3,753
• Taxable income: $3,831
• Est. tax owed @ 24.0%: −$919
• After-tax cash flow: $4,737/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.

Condition & rehab AI · 14 photos

Fair 45/100 Moderate rehab

The home requires moderate updates to the kitchen and bathrooms, along with some maintenance and landscaping to improve its overall condition and appeal.

Repairs flagged

• Moderate Kitchen cabinets — Older cabinets need updating or replacement.
• Moderate Appliances — Outdated appliances need replacement.
• Moderate Bathroom fixtures — Small, outdated fixtures need updating.
• Minor Front porch — Some wear, but not major structural issues.

Value-add opportunities

• Resale Updating the kitchen with new cabinets and appliances — A fresh kitchen can significantly increase the home's appeal to potential buyers.
• Resale Updating the bathrooms with new fixtures and possibly a shower/tub combo — Modern bathrooms are a key selling point for many buyers.
• Both Landscaping and adding curb appeal — A well-maintained exterior can increase both resale and rental value.

Renovation cost estimate screening

Repair item	Severity	Est. cost
Kitchen cabinets · Older cabinets need updating or replacement.	Moderate	$3,000–15,000
Appliances · Outdated appliances need replacement.	Moderate	$3,000–15,000
Bathroom fixtures · Small, outdated fixtures need updating.	Moderate	$3,000–15,000
Front porch · Some wear, but not major structural issues.	Minor	$500–3,000
Total estimated repair cost · 4 items		$9,500–48,000

Value-add ROI direction

• Resale Updating the kitchen with new cabinets and appliances — A fresh kitchen can significantly increase the home's appeal to potential buyers. ↑
• Resale Updating the bathrooms with new fixtures and possibly a shower/tub combo — Modern bathrooms are a key selling point for many buyers. ↑
• Both Landscaping and adding curb appeal — A well-maintained exterior can increase both resale and rental value. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Mason County Schools
• NCES district ID: 5400780
• Math proficiency: 20% ▼ -13.00%
• Reading proficiency: 33% ▼ -10.00%
• Median HH income: $37,623
• Composite: 22.07/100
• National rank: #8191
• State rank: #44 of 55 in WV

Livability — Point Pleasant

• Score: 67/100
• State rank: #95
• US rank: #10881

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Mason · 14,594 people
• Population (ZIP): 8,925
• Household income: $49,940
• Rent vs Own: 22.6% rent · 77.4% own
• Severe rent burden: 10.6

Population outlook (Mason County) Hauer SSP2

• Today (2025): 26,174 people
• By 2030: 25,482 · -2.6%
• By 2040: 23,934 · -8.6%
• By 2050: 22,432 · -14.3%
• By 2075: 19,241 · -26.5%
• By 2100: 15,427 · -41.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 2% Hispanic / Latino 2% Black 2%
• Common ancestry: Slovak 1% Serbian 1% Lithuanian 1%
• Foreign-born: 0%

Political lean MEDSL · Mason

• 2024 margin: Solid R (+58.0) · D 20.0% · R 78.0% · Other 1.9%
• 2008→2024 swing: -45.1pp toward R · 2008: -12.9pp · 2024: -58.0pp
• All cycles: 2024: R+58.0 2020: R+53.2 2016: R+54.7 2012: R+20.3 2008: R+12.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 11.63%
• Current HPI: 185.6226
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

2 events — show timeline

• 2026-05-18 Pending — KVBOR
• 2026-04-20 Listed $129,000 KVBOR