909 Lenore St · Parkersburg, WV 26101

$29,000

2 bd · 1.0 ba · 1,023 sqft · SingleFamily public records · 18 Days on market

Built 1900 8,712 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
• Schools +3.6/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

home is sold as is where is. home would make a great first time home buyers or rental home. home has a nice yard, easy one floor living, first floor laundry and much more. Elem: Franklin Elementary School Elem/Bus: N JrHigh: Edison Jr. High School JrHigh/Bus: N High: Parkersburg South High High/Bus: N Fire: VOL Police: CTY PossFreeGas: N ; SQFT=Fin L1:1023, Fin Above:1023, Fin Total:1023;PRKG= Off Street

Key facts

• 8,712 sq ft lot
• Parking
• Built 1900

Property features AI

Finance

• Financial info: Annual tax amount reported

Exterior

• Parking: Driveway; Gravel parking; Off-street parking
• Utilities: Public water; Public sewer
• Home design: Single-story home
• Construction: Block and vinyl siding construction; Asphalt/fiberglass roof; Built according to public records
• Exterior features: 0.2 acre lot; Gravel driveway and off-street parking

Interior

• Bedrooms: 2 main-level bedrooms
• Bathrooms: 1 full bathroom (main level)
• Interior features: Fixer condition

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $29k.

Deal economics

• At list price, monthly cash flow is $529 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($911 rent vs $29k).
• Recommended offer: $29k (1.5% below list) — sets the bar for market timing.
• Cap rate 28.2% vs local median 5.6% in Parkersburg — 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 72/100 on livability (#46 in WV) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime D+, schools F, commute F.
• Wood County Schools (urban): math 38% / reading 48% proficiency, ranked #3 of 55 in WV (top 6%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 149 active listings in the ZIP; 124 units permitted in Wood County in 2024 (33 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $200 of loan paydown is wiped out by about $870 of value loss. Plan a longer hold.
• Wood County population projected at -13% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $8k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 18 days — a 2% lower offer ($29k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 18y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $15k; list at $29k implies a 93% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $28,565 (1.5% below list)

Questions for the listing agent

1. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. Crime grade is D 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: 3.14% ✓
• Cap rate: 28.17%
• Cash-on-cash: 78.12%
• DSCR: 4.48
• GRM: 2.7

CMA / ARV

• ARV (on-the-fly): $139,128
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
803 Locust St	0.51mi	2/1.0	940 (-8%)	2mo	$90,000	$96	61
1301 Ridgeway Ave	0.68mi	2/1.0	961 (-6%)	2mo	$35,000	$36	56
1010 Pike St	0.28mi	2/1.0	1,166 (+14%)	17mo	$118,400	$102	50
1404 Jeffrey St	0.58mi	3/1.5 (+1)	1,107 (+8%)	5mo	$150,000	$136	48
700 Knopp St	0.48mi	3/1.5 (+1)	1,127 (+10%)	11mo	$160,000	$142	44
1702 Princeton St	0.65mi	3/1.0 (+1)	1,164 (+14%)	4mo	$159,500	$137	38

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: 78.2%
• Equity multiple: 4.57×
• Total profit: $28,977
• Equity at exit: $4,324

10-year hold

• IRR: 81.7%
• Equity multiple: 9.45×
• Total profit: $68,617
• Equity at exit: $2,507

Cash invested: $8,120 (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 26101

• Home prices YoY: -27.3%
• Active inventory: 149
• Price-to-rent: 2.7×

Monthly cashflow live

• Estimated rent: $911 medium
• Mortgage (P&I): −$152
• Tax from tax record: −$27 /mo · $320/yr
• Insurance: −$12
• HOA: −$0
• Vacancy / Maint / Mgmt: −$191
• Net cashflow: $529

Break-even live

Break-even rent $242

Max offer price $29,000

Occupancy floor 37%

Sensitivity live

Price	-10% $545	-5% $537	+0% $529	+5% $520	+10% $512
Rent	-10% $457	-5% $493	+0% $529	+5% $565	+10% $601
Rate	-1.0pp $543	-0.5pp $536	base $529	+0.5pp $521	+1.0pp $513

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: $7,250
• Closing costs: $870
• Reserves months: —
• Total cash needed: —

Listing history 13 events

1. 2026-06-19
   days on market $29,000 Active 18 DOM
2. 2026-06-18
   days on market $29,000 Active 17 DOM
3. 2026-06-17
   days on market $29,000 Active 16 DOM
4. 2026-06-16
   days on market $29,000 Active 15 DOM
5. 2026-06-15
   days on market $29,000 Active 14 DOM
6. 2026-06-14
   days on market $29,000 Active 12 DOM
7. 2026-06-12
   statusdays on market $29,000 Active 11 DOM
8. 2026-05-14
   status Pending
9. 2026-05-14
   historical Contingent
10. 2026-05-05
    listed $29,000 Active
11. 2009-06-16
    soldstatus $15,000 416-char remark

    Show marketing remark (416 chars)

    home is sold as is where is. home would make a great first time home buyers or rental home. home has a nice yard, easy one floor living, first floor laundry and much more. Elem: Franklin Elementary School Elem/Bus: N JrHigh: Edison Jr. High School JrHigh/Bus: N High: Parkersburg South High High/Bus: N Fire: VOL Police: CTY PossFreeGas: N ; SQFT=Fin L1:1023, Fin Above:1023, Fin Total:1023;PRKG= Off Street

12. 2008-09-25
    listed $21,900 416-char remark

    Show marketing remark (416 chars)

    home is sold as is where is. home would make a great first time home buyers or rental home. home has a nice yard, easy one floor living, first floor laundry and much more. Elem: Franklin Elementary School Elem/Bus: N JrHigh: Edison Jr. High School JrHigh/Bus: N High: Parkersburg South High High/Bus: N Fire: VOL Police: CTY PossFreeGas: N ; SQFT=Fin L1:1023, Fin Above:1023, Fin Total:1023;PRKG= Off Street

13. 2002-07-18
    soldstatus $25,000

ⓘ 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: $320 · $27/mo
• Projected year-2 tax: $320 · $27/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 6/10 Major FEMA zone X (unshaded) · 27% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥102°F today · 18 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: $10,928
• − Mortgage interest: −$1,624
• − Property taxes: −$320
• − Insurance: −$145
• − Repairs & maintenance: −$874
• − Management: −$874
• − Depreciation: −$844
• Taxable income: $6,247
• Est. tax owed @ 24.0%: −$1,499
• After-tax cash flow: $4,844/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: Wood County Schools
• NCES district ID: 5401620
• Math proficiency: 38% ▼ -10.00%
• Reading proficiency: 48% ▼ -4.00%
• Median HH income: $42,363
• Composite: 36.22/100
• National rank: #4728
• State rank: #3 of 55 in WV

Livability — Parkersburg

• Score: 72/100
• State rank: #46
• US rank: #5841

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Parkersburg, WV
• County: Wood County · 44,810 people
• City population: 44,810
• Metro: Parkersburg-Vienna, WV
• Population (ZIP): 28,005
• Household income: $48,710
• Rent vs Own: 31.8% rent · 68.2% own
• Severe rent burden: 723.0

Population outlook (Wood County) Hauer SSP2

• Today (2025): 84,304 people
• By 2030: 82,420 · -2.2%
• By 2040: 78,133 · -7.3%
• By 2050: 73,639 · -12.7%
• By 2075: 63,093 · -25.2%
• By 2100: 50,461 · -40.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 3% Hispanic / Latino 2% Black 1%
• Common ancestry: Serbian 2% Slovak 2% Lithuanian 1%
• Foreign-born: 1%

Political lean MEDSL · Wood

• 2024 margin: Solid R (+43.0) · D 27.6% · R 70.7% · Other 1.6%
• 2008→2024 swing: -14.4pp toward R · 2008: -28.7pp · 2024: -43.0pp
• All cycles: 2024: R+43.0 2020: R+42.0 2016: R+47.8 2012: R+32.5 2008: R+28.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -76.52%
• Current HPI: 203.4508
• Rent YoY: —
• Metro: Parkersburg-Vienna, WV
• State GDP YoY: —
• F500 in state: 0

Price history

+16.0% since first listed

6 events — show timeline

• 2026-05-14 Pending — MLSNOW
• 2026-05-14 Contingent — MLSNOW
• 2026-05-05 Listed $29,000 MLSNOW
• 2009-06-16 Sold (MLS) $15,000 MLSNOW
• 2008-09-25 Listed $21,900 MLSNOW
• 2002-07-18 Sold (Public Records) $25,000 Public Records

Property tax history

+5.0%/yr

Latest (2025): $320 · +5.4% YoY. Source: county tax records.