301 N Huron St · Wheeling, WV 26003

$55,000

2 bd · 1.5 ba · 1,424 sqft · SingleFamily public records · 7 Days on market

Built 1910 3,485 sqft lot Est $68k · 20% 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +3.5/10.0
• Livability +3.5/5.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Opportunity awaits at 301 N. Huron Street in Wheeling! This 2 bedroom, 1.5 bath home offers approximately 1,424 square feet of living space and is ideal for investors, landlords, or buyers looking to build equity. Featuring spacious rooms, hardwood flooring, a full basement, and classic character throughout, this property has strong potential as a rental, flip, or affordable owner occupied home. Conveniently located near downtown Wheeling, shopping, dining, schools, and major routes. Whether you're expanding your investment portfolio or searching for your next project, this property offers plenty of possibilities at an affordable price point. Sold as-is.

Key facts

• Hardwood flooring
• Near schools
• Near dining

Tags

• HARDWOOD FLOORING
• FULL BASEMENT
• NEAR SHOPPING
• NEAR DINING
• NEAR SCHOOLS
• NEAR MAJOR ROUTES

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: Single-family residence (A-Frame); 2 stories
• Construction: Vinyl siding
• Exterior features: Porch; Shingle roof

Interior

• Kitchen: Cooktop
• Flooring: Hardwood
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Fireplace (1); Hardwood flooring; Full basement
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath single-family listed at $55k.

Deal economics

• At list price, monthly cash flow is $80 ($964/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $55k).
• Cap rate 18.1% vs local median 4.3% in Wheeling — 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 69/100 on livability (#74 in WV) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A-; Watch: crime F, amenities F, commute F.
• Ohio County Schools (urban): math 34% / reading 49% proficiency, ranked #5 of 55 in WV (top 9%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+3.0%/yr); 223 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 2 units permitted in Ohio County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $380 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Ohio County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $24k; list at $55k implies a 129% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $460/mo; built in 1910 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $55,000

Questions for the listing agent

1. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 2.15% ✓
• Cap rate: 18.09%
• Cash-on-cash: 42.14%
• DSCR: 2.87
• GRM: 3.9

CMA / ARV

• ARV (on-the-fly): $68,352
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
428 North Erie St	0.17mi	2/1.5	1,344 (-6%)	2mo	$75,500	$56	82
220 N Wabash St	0.04mi	3/1.5 (+1)	1,376 (-3%)	12mo	$18,000	$13	78
71 Indiana St	0.06mi	2/1.5	1,470 (+3%)	17mo	$43,000	$29	77
723 N Front St	0.45mi	3/1.0 (+1)	1,420 (-0%)	9mo	$85,000	$60	64
416 North Erie St	0.14mi	3/2.0 (+1)	1,513 (+6%)	15mo	$40,000	$26	64
13 Cromwell St	0.24mi	3/1.5 (+1)	1,358 (-5%)	17mo	$64,660	$48	62
705 N Front St	0.40mi	3/1.0 (+1)	1,536 (+8%)	2mo	$13,500	$9	60
626 North Front St	0.38mi	3/1.5 (+1)	1,343 (-6%)	12mo	$125,000	$93	58
225 Jacquette St	0.67mi	3/2.0 (+1)	1,356 (-5%)	1mo	$65,000	$48	53
718 N Front St	0.43mi	2/2.0	1,290 (-9%)	11mo	$106,000	$82	53
502 N Front St	0.27mi	3/1.5 (+1)	1,247 (-12%)	12mo	$90,000	$72	52
405 South Broadway St	0.56mi	2/1.0	1,600 (+12%)	13mo	$65,000	$41	40

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 · 3.03% rent growth · sell at horizon

5-year hold

• IRR: -6.0%
• Equity multiple: 0.78×
• Total profit: $-3,451
• Equity at exit: $8,201

10-year hold

• IRR: 4.3%
• Equity multiple: 1.32×
• Total profit: $4,983
• Equity at exit: $4,755

Cash invested: $15,400 (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 26003

• Home prices YoY: -23.4%
• Rents YoY: 3.0%
• Active inventory: 223
• Price-to-rent: 3.9×

Monthly cashflow live

• Estimated rent: $1,181 medium
• Mortgage (P&I): −$288
• Tax from tax record: −$81 /mo · $970/yr
• Insurance: −$23
• Flood insurance flood zone: −$460 /mo · $5,525/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$248
• Net cashflow: $80

Break-even live

Break-even rent $1,079

Max offer price $55,000

Occupancy floor 88%

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: $13,750
• Closing costs: $1,650
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
614 N Front St Wheeling, WV	2.0	1.0	1000	$1,500	$1.50	43d	1	0.34mi
2 16th St Wheeling, WV	1.0–3.0	1.0–2.0	1000	$9,156	$9.16	43d	1	0.99mi

Listing history 7 events

1. 2026-06-19
   days on market $55,000 Active 7 DOM
2. 2026-06-18
   days on market $55,000 Active 6 DOM
3. 2026-06-17
   days on market $55,000 Active 5 DOM
4. 2026-06-16
   days on market $55,000 Active 4 DOM
5. 2026-06-15
   days on market $55,000 Active 3 DOM
6. 2026-06-13
   remarks 662-char remark
7. 2026-06-13
   listed $55,000 Active 1 DOM

ⓘ 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: $970 · $81/mo
• Projected year-2 tax: $970 · $81/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 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 8 d/yr ≥98°F today · 20 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: $14,171
• − Mortgage interest: −$3,081
• − Property taxes: −$970
• − Insurance: −$5,800
• − Repairs & maintenance: −$1,134
• − Management: −$1,134
• − Depreciation: −$1,600
• Taxable income: $453
• Est. tax owed @ 24.0%: −$109
• After-tax cash flow: $856/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: Ohio County Schools
• NCES district ID: 5401050
• Math proficiency: 34% ▼ -9.00%
• Reading proficiency: 49% ▼ -6.00%
• Median HH income: $41,572
• Composite: 34.88/100
• National rank: #5085
• State rank: #5 of 55 in WV

Livability — Wheeling

• Score: 69/100
• State rank: #74
• US rank: #8950

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wheeling, WV
• County: Ohio County · 39,982 people
• City population: 39,982
• Metro: Wheeling, WV-OH
• Population (ZIP): 39,982
• Household income: $57,703
• Rent vs Own: 32.5% rent · 67.5% own
• Severe rent burden: 1630.0

Population outlook (Ohio County) Hauer SSP2

• Today (2025): 40,604 people
• By 2030: 39,150 · -3.6%
• By 2040: 36,039 · -11.2%
• By 2050: 33,582 · -17.3%
• By 2075: 28,662 · -29.4%
• By 2100: 22,963 · -43.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 6% Black 3% Hispanic / Latino 2%
• Common ancestry: Romanian 6% Serbian 3% Slovak 2%
• Foreign-born: 3% · Canada
• Languages at home: 97% English-only · Other Indo-European 1% Spanish 1% German/W. Germanic 1%

Political lean MEDSL · Ohio

• 2024 margin: Strong R (+26.0) · D 36.0% · R 62.0% · Other 2.0%
• 2008→2024 swing: -15.3pp toward R · 2008: -10.8pp · 2024: -26.0pp
• All cycles: 2024: R+26.0 2020: R+25.8 2016: R+31.6 2012: R+22.5 2008: R+10.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -68.09%
• Current HPI: 223.4106
• Rent YoY: ▲ 3.03%
• Metro: Wheeling, WV-OH
• State GDP YoY: —
• F500 in state: 0

Price history

+17.0% since first listed

3 events — show timeline

• 2026-06-12 Listed $55,000 WBOR
• 2018-01-11 Sold (Public Records) $24,000 Public Records
• 2017-08-31 Sold (Public Records) $47,000 Public Records

Property tax history

+24.5%/yr

Latest (2025): $970 · +4.7% YoY. Source: county tax records.