313 View · Fairmont, WV 26554

$74,999

2 bd · 2.0 ba · 1,566 sqft · SingleFamily public records · 126 Days on market

Built 1905 Est $147k · 49% under

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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
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.7/10.0
• 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 MLS

Great fixer upper close to FSU campus and downtown. 3 bedrooms, 2 baths. This house has great bones. Detached one stall garage with access from the upper street. 24 hour notice to show. See agents remarks

Key facts

• Garage
• Built 1905
• Listed 125 days

Property features AI

Exterior

• Parking: Detached garage (1 car); Off-street parking; On-street parking
• Utilities: Public water; Public sewer
• Home design: Single-family residence (detached); 2 stories
• Construction: Aluminum siding; Frame construction; Shingle roof; Has partial, unfinished crawl-space basement with walk-out access
• Exterior features: Patio; Porch; Wood fencing

Interior

• Kitchen: Dishwasher; Refrigerator; Microwave; Range
• Bedrooms: 6 total rooms
• Flooring: Vinyl flooring; Wood flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air conditioning; Forced air heating; Natural gas heating
• Interior features: Dishwasher; Dryer; Refrigerator; Microwave; Range
• Laundry & utility: Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $398 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Recommended offer: $66k (12.0% below list) — sets the bar for market timing.
• Cap rate 12.7% 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.
• Zoned schools: Jayenne Elementary School (math 47% / reading 47%, grade D-, #63 of 377 statewide, top 18%, 300 students, 0% FRL); West Fairmont Middle School (math 27% / reading 41%, grade F, #36 of 109 statewide, top 35%, 629 students, 0% FRL); East Fairmont High School (math 27% / reading 52%, grade F, #21 of 110 statewide, top 26%, 689 students, 0% FRL) — zoned schools average 0% FRL vs 46% district-wide (46 pts lower); this property's tenant base skews higher-income than the district average.
• 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 $518 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $21k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 126 days — a 12% lower offer ($66k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 6y 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 $45k; list at $75k implies a 67% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1905 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $65,999 (12.0% below list)

Questions for the listing agent

1. It's been on market 126 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1905 — 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. 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.
8. 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.
9. 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: 1.47% ✓
• Cap rate: 12.66%
• Cash-on-cash: 22.73%
• DSCR: 2.01
• GRM: 5.7

CMA / ARV

• ARV (on-the-fly): $147,204
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
284 View Ave	0.07mi	3/2.0 (+1)	1,380 (-12%)	0mo	$95,500	$69	71
619 Walnut Ave	0.55mi	3/1.5 (+1)	1,557 (-1%)	1mo	$30,000	$19	65
20 Hillside	0.54mi	3/2.0 (+1)	1,463 (-7%)	2mo	$100,000	$68	57
8 Hillside Dr	0.51mi	3/1.5 (+1)	1,613 (+3%)	9mo	$100,000	$62	57
109 Westlawn Ave	0.51mi	3/2.0 (+1)	1,500 (-4%)	13mo	$152,000	$101	54
726 Benoni Ave	0.63mi	2/1.5	1,430 (-9%)	2mo	$175,000	$122	53
520 Mount Vernon Ave	0.40mi	3/1.5 (+1)	1,424 (-9%)	9mo	$80,000	$56	52
608 6th	0.49mi	3/1.0 (+1)	1,434 (-8%)	6mo	$135,000	$94	49
1113 Sunset Dr	0.75mi	3/1.5 (+1)	1,488 (-5%)	2mo	$249,900	$168	48
702 Gaston Ave	0.67mi	3/2.0 (+1)	1,716 (+10%)	3mo	$140,000	$82	45
1118 Ridgewood Rd	0.74mi	3/2.0 (+1)	1,451 (-7%)	9mo	$350,000	$241	41
217 Chicago	0.70mi	3/2.5 (+1)	1,430 (-9%)	13mo	$174,900	$122	35

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: 15.6%
• Equity multiple: 1.63×
• Total profit: $13,171
• Equity at exit: $11,183

10-year hold

• IRR: 24.3%
• Equity multiple: 3.10×
• Total profit: $44,051
• Equity at exit: $6,485

Cash invested: $21,000 (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: 5.7×

Monthly cashflow live

• Estimated rent: $1,106 medium
• Mortgage (P&I): −$393
• Tax from tax record: −$51 /mo · $615/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$232
• Net cashflow: $398

Break-even live

Break-even rent $602

Max offer price $74,999

Occupancy floor 59%

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-19
   days on market $74,999 Active 126 DOM
2. 2026-06-18
   days on market $74,999 Active 125 DOM
3. 2026-06-17
   days on market $74,999 Active 124 DOM
4. 2026-06-16
   days on market $74,999 Active 123 DOM
5. 2026-06-15
   days on market $74,999 Active 122 DOM
6. 2026-06-14
   days on market $74,999 Active 120 DOM
7. 2026-06-13
   days on market $74,999 Active 119 DOM
8. 2026-06-10
   days on market $74,999 Active 117 DOM
9. 2026-06-09
   days on market $74,999 Active 116 DOM
10. 2026-06-08
    days on market $74,999 Active 115 DOM
11. 2026-06-07
    days on market $74,999 Active 114 DOM
12. 2026-06-02
    days on market $74,999 Active 109 DOM
13. 2026-06-01
    days on market $74,999 Active 108 DOM
14. 2026-05-31
    days on market $74,999 Active 107 DOM
15. 2026-05-30
    days on market $74,999 Active 106 DOM
16. 2026-02-13
    listed $74,999 Active
17. 2025-04-30
    price $75,000
18. 2025-02-13
    price $99,500
19. 2021-09-10
    soldstatus $45,000
20. 2021-08-13
    soldstatus $45,000 204-char remark

    Show marketing remark (204 chars)

    Great fixer upper close to FSU campus and downtown. 3 bedrooms, 2 baths. This house has great bones. Detached one stall garage with access from the upper street. 24 hour notice to show. See agents remarks

21. 2020-06-04
    listed $55,000 204-char remark

    Show marketing remark (204 chars)

    Great fixer upper close to FSU campus and downtown. 3 bedrooms, 2 baths. This house has great bones. Detached one stall garage with access from the upper street. 24 hour notice to show. See agents remarks

ⓘ 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: $615 · $51/mo
• Projected year-2 tax: $615 · $51/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 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥99°F today · 19 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,269
• − Mortgage interest: −$4,201
• − Property taxes: −$615
• − Insurance: −$375
• − Repairs & maintenance: −$1,062
• − Management: −$1,062
• − Depreciation: −$2,182
• Taxable income: $3,773
• Est. tax owed @ 24.0%: −$906
• After-tax cash flow: $3,867/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

+36.4% since first listed

6 events — show timeline

• 2026-02-13 Listed $74,999 NCWVREIN
• 2025-04-30 Price Changed $75,000 NCWVREIN
• 2025-02-13 Price Changed $99,500 NCWVREIN
• 2021-09-10 Sold (Public Records) $45,000 Public Records
• 2021-08-13 Sold (MLS) $45,000 NCWVREIN
• 2020-06-04 Listed $55,000 NCWVREIN

Property tax history

-3.9%/yr

Latest (2025): $615 · +4.7% YoY. Source: county tax records.