1865 Owens Ave · Fairmont, WV 26554

$15,900

2 bd · 1.0 ba · 1,416 sqft · SingleFamily public records · 106 Days on market

Built 1900 ↓ 20% since listing

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Why this score? — see what drove the D 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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.5/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Charming 1900s home in Fairmont on nearly half acre. 1,416 sq ft with laminate countertops, shingle roof, and block foundation. Classic character awaits update.

Key facts

• Built 1900
• Listed 105 days

Property features AI

Exterior

• Home design: Residential property
• Construction: Block construction; Block foundation; Built area approximately 1416
• Exterior features: Shingle roof

Interior

• Kitchen: Laminate countertops
• Flooring: Hardwood; Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: No heating; No cooling
• Interior features: Laminate countertops; Hardwood and laminate flooring; Six total rooms

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $16k.

Deal economics

• At list price, monthly cash flow is $765 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $16k).
• Recommended offer: $14k (9.0% below list) — sets the bar for market timing.
• Cap rate 64.0% vs local median 4.3% in Fairmont — 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 70/100 on livability (#64 in WV) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime D, amenities F, commute F.
• Marion County Schools (town): math 30% / reading 43% proficiency, ranked #11 of 55 in WV (top 20%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 151 active listings in the ZIP; 3 units permitted in Marion County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $110 of loan paydown is wiped out by about $477 of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $4k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 106 days — a 9% lower offer ($14k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $14,469 (9.0% below list)

Questions for the listing agent

1. It's been on market 106 days. Have you received any prior offers? Is the seller open to a 9% 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. 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?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. 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: 6.96% ✓
• Cap rate: 64.01%
• Cash-on-cash: 206.14%
• DSCR: 10.17
• GRM: 1.2

CMA / ARV

• ARV (on-the-fly): $198,240
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1622 Ritchie	0.53mi	3/2.0 (+1)	1,476 (+4%)	2mo	$140,000	$95	58
1815 Owens Ave	0.22mi	3/1.0 (+1)	1,536 (+8%)	20mo	$140,000	$91	54
134 High Pointe	0.34mi	3/2.0 (+1)	1,520 (+7%)	11mo	$370,000	$243	54
515 Suncrest Blvd	0.65mi	3/1.5 (+1)	1,344 (-5%)	0mo	$175,000	$130	54
17 Ross St	0.69mi	3/1.5 (+1)	1,370 (-3%)	6mo	$199,999	$146	50
1605 Speedway	0.54mi	3/1.0 (+1)	1,400 (-1%)	24mo	$151,000	$108	48
219 Suncrest Blvd	0.39mi	3/2.0 (+1)	1,550 (+10%)	14mo	$205,000	$132	45
120 Terrace Mnr	0.75mi	3/1.5 (+1)	1,400 (-1%)	18mo	$240,000	$171	41
116 Terrace Mnr	0.74mi	3/1.0 (+1)	1,284 (-9%)	6mo	$180,000	$140	40
127 Terrace	0.74mi	3/2.0 (+1)	1,580 (+12%)	22mo	$324,500	$205	19

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: —
• Equity multiple: 11.37×
• Total profit: $46,150
• Equity at exit: $2,371

10-year hold

• IRR: —
• Equity multiple: 24.13×
• Total profit: $102,975
• Equity at exit: $1,375

Cash invested: $4,452 (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 26554

• Home prices YoY: -11.3%
• Active inventory: 151
• Price-to-rent: 1.2×

Monthly cashflow live

• Estimated rent: $1,107 medium
• Mortgage (P&I): −$83
• Tax est. 1.5%: −$20 /mo · $238/yr
• Insurance: −$7
• HOA: −$0
• Vacancy / Maint / Mgmt: −$233
• Net cashflow: $765

Break-even live

Break-even rent $139

Max offer price $15,900

Occupancy floor 26%

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: $3,975
• Closing costs: $477
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-19
   days on market $15,900 Active 106 DOM
2. 2026-06-18
   days on market $15,900 Active 105 DOM
3. 2026-06-17
   days on market $15,900 Active 104 DOM
4. 2026-06-16
   days on market $15,900 Active 103 DOM
5. 2026-06-15
   days on market $15,900 Active 102 DOM
6. 2026-06-14
   days on market $15,900 Active 100 DOM
7. 2026-06-13
   days on market $15,900 Active 99 DOM
8. 2026-06-10
   days on market $15,900 Active 97 DOM
9. 2026-06-09
   days on market $15,900 Active 96 DOM
10. 2026-06-08
    days on market $15,900 Active 95 DOM
11. 2026-06-07
    days on market $15,900 Active 94 DOM
12. 2026-06-02
    days on market $15,900 Active 89 DOM
13. 2026-06-01
    days on market $15,900 Active 88 DOM
14. 2026-05-31
    days on market $15,900 Active 87 DOM
15. 2026-05-30
    days on market $15,900 Active 86 DOM
16. 2026-04-30
    price $15,900
17. 2026-03-22
    price $16,900
18. 2026-03-05
    listed $19,900 Active

ⓘ 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 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥97°F today · 19 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,286
• − Mortgage interest: −$891
• − Property taxes: −$238
• − Insurance: −$80
• − Repairs & maintenance: −$1,063
• − Management: −$1,063
• − Depreciation: −$463
• Taxable income: $9,489
• Est. tax owed @ 24.0%: −$2,277
• After-tax cash flow: $6,900/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: Marion County Schools
• NCES district ID: 5400720
• Math proficiency: 30% ▼ -14.00%
• Reading proficiency: 43% ▼ -8.00%
• Median HH income: $42,195
• Composite: 30.8/100
• National rank: #6145
• State rank: #11 of 55 in WV

Livability — Fairmont

• Score: 70/100
• State rank: #64
• US rank: #8054

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fairmont, WV
• Population (ZIP): 42,116

Population outlook (Marion County) Hauer SSP2

• Today (2025): 56,923 people
• By 2030: 56,850 · -0.1%
• By 2040: 56,469 · -0.8%
• By 2050: 56,027 · -1.6%
• By 2075: 55,509 · -2.5%
• By 2100: 51,082 · -10.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 5% Black 3% Hispanic / Latino 2%
• Common ancestry: Romanian 3% Slovak 2% Iranian 2%
• Foreign-born: 1%
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Marion

• 2024 margin: Solid R (+31.2) · D 33.2% · R 64.5% · Other 2.3%
• 2008→2024 swing: -31.7pp toward R · 2008: 0.5pp · 2024: -31.2pp
• All cycles: 2024: R+31.2 2020: R+28.7 2016: R+33.5 2012: R+14.4 2008: D+0.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -30.86%
• Current HPI: 240.9967
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

-20.1% since first listed

3 events — show timeline

• 2026-04-30 Price Changed $15,900 GVBOR
• 2026-03-22 Price Changed $16,900 GVBOR
• 2026-03-05 Listed $19,900 GVBOR

Property tax history

-0.1%/yr

Latest (2023): $803 · +2.4% YoY. Source: county tax records.