106 Madison · Fairview, WV 26570

$65,000

3 bd · 1.0 ba · 1,344 sqft · SingleFamily · 340 Days on market

Built 1925 9,975 sqft lot Est $74k · 12% 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 +30.0/30.0
• ARV discount +12.9/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +6.5/10.0
• Livability +3.2/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

3 bedroom home within walking distance to downtown Fairview. * * See attachment for PAS requirements and WFHM offer submittal information in MLS document section. Please submit all offers to the listing broker/agent. To report any concerns with a listing broker/agent or to report any property condition or other concern needing escalation, (including concerns related to a previously submitted offer) please call 1-877-617-5274.

Key facts

• Generous sized rooms
• Exterior shed
• Hardwood floors

Tags

• HARDWOOD FLOORS
• EXTERIOR SHED
• GENEROUS SIZED ROOMS

Property features AI

Exterior

• Parking: No designated parking
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer; Cable available
• Home design: Single-family detached residence; 2 stories
• Construction: Frame construction with vinyl siding; Shingle roof; Built on a foundation (basement)
• Exterior features: Porch; Wooded lot

Interior

• Kitchen: Refrigerator; Microwave; Range
• Flooring: Laminate; Tile; Vinyl; Wood
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Forced air; Window cooling units
• Interior features: Refrigerator, Microwave, Range; Concrete unfinished basement; 6 total rooms; Smoke detectors

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $65k.

Deal economics

• At list price, monthly cash flow is $420 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $65k).
• Recommended offer: $57k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 63/100 on livability (#173 in WV) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety C-, 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: Fairview Elementary School (math 30% / reading 30%, grade F, #218 of 377 statewide, top 59%, 130 students, 0% FRL); Fairview Middle School (math 37% / reading 57%, grade D+, #6 of 109 statewide, top 6%, 176 students, 0% FRL); North Marion High School (math 27% / reading 47%, grade F, #32 of 110 statewide, top 34%, 738 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: 9 active listings in the ZIP; 3 units permitted in Marion County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $2k of equity ($449 loan paydown + $2k appreciation (3.0% local appreciation)).
• At projected returns (3.0% appreciation + 3.0% rent growth), your $18k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 340 days — a 12% lower offer ($57k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 7y ago; this cycle's ask has dropped $15k (19%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $12k; list at $65k implies a 460% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $57,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 340 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 1925 — 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 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?
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: 1.69% ✓
• Cap rate: 14.05%
• Cash-on-cash: 27.71%
• DSCR: 2.23
• GRM: 4.9

CMA / ARV

• ARV (on-the-fly): $73,920
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
17 Hannah Ln	0.56mi	2/2.0 (-1)	1,334 (-1%)	4mo	$195,000	$146	60
200 Washington St	0.15mi	2/1.0 (-1)	1,221 (-9%)	22mo	$67,000	$55	54
4301 Crossroads Rd	0.56mi	3/1.0	1,290 (-4%)	21mo	$55,000	$43	50
0 Paw Paw Crk	0.70mi	2/1.0 (-1)	1,450 (+8%)	23mo	$75,000	$52	30

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

Projected returns pro-forma

2.97% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 33.6%
• Equity multiple: 2.90×
• Total profit: $34,520
• Equity at exit: $29,127

10-year hold

• IRR: 33.9%
• Equity multiple: 5.70×
• Total profit: $85,524
• Equity at exit: $44,812

Cash invested: $18,200 (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 26570

• Home prices YoY: 1.2%
• Active inventory: 9
• Price-to-rent: 4.9×

Monthly cashflow live

• Estimated rent: $1,101 medium
• Mortgage (P&I): −$341
• Tax est. 1.5%: −$81 /mo · $975/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$231
• Net cashflow: $420

Break-even live

Break-even rent $569

Max offer price $65,000

Occupancy floor 57%

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: $16,250
• Closing costs: $1,950
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-19
   days on market $65,000 Active 340 DOM
2. 2026-06-18
   days on market $65,000 Active 339 DOM
3. 2026-06-17
   days on market $65,000 Active 338 DOM
4. 2026-06-16
   days on market $65,000 Active 337 DOM
5. 2026-06-15
   days on market $65,000 Active 336 DOM
6. 2026-06-14
   days on market $65,000 Active 334 DOM
7. 2026-06-13
   days on market $65,000 Active 333 DOM
8. 2026-06-10
   days on market $65,000 Active 331 DOM
9. 2026-06-09
   days on market $65,000 Active 330 DOM
10. 2026-06-08
    days on market $65,000 Active 329 DOM
11. 2026-06-07
    days on market $65,000 Active 328 DOM
12. 2026-06-02
    days on market $65,000 Active 323 DOM
13. 2026-06-01
    days on market $65,000 Active 322 DOM
14. 2026-05-31
    days on market $65,000 Active 321 DOM
15. 2026-05-30
    days on market $65,000 Active 320 DOM
16. 2026-03-25
    price $65,000
17. 2025-12-28
    status Active
18. 2025-12-21
    historical
19. 2025-09-24
    price $75,000
20. 2025-07-07
    listed $79,900 Active
21. 2019-08-23
    soldstatus $11,600 430-char remark

    Show marketing remark (430 chars)

    3 bedroom home within walking distance to downtown Fairview. * * See attachment for PAS requirements and WFHM offer submittal information in MLS document section. Please submit all offers to the listing broker/agent. To report any concerns with a listing broker/agent or to report any property condition or other concern needing escalation, (including concerns related to a previously submitted offer) please call 1-877-617-5274.

22. 2019-05-03
    listed $19,900 430-char remark

    Show marketing remark (430 chars)

    3 bedroom home within walking distance to downtown Fairview. * * See attachment for PAS requirements and WFHM offer submittal information in MLS document section. Please submit all offers to the listing broker/agent. To report any concerns with a listing broker/agent or to report any property condition or other concern needing escalation, (including concerns related to a previously submitted offer) please call 1-877-617-5274.

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

Taxation est. · year 1

• Rental income: $13,207
• − Mortgage interest: −$3,641
• − Property taxes: −$975
• − Insurance: −$325
• − Repairs & maintenance: −$1,057
• − Management: −$1,057
• − Depreciation: −$1,891
• Taxable income: $4,262
• Est. tax owed @ 24.0%: −$1,023
• After-tax cash flow: $4,020/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 — Fairview

• Score: 63/100
• State rank: #173
• US rank: #15965

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fairview, WV
• Population (ZIP): 3,155

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 (97%)
• Race & ethnicity: White 97% Two or more races 2%
• Common ancestry: Slovak 6% Iranian 4% Serbian 2%
• Foreign-born: 0%

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: ▲ 2.97%
• Current HPI: 257.9571
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+226.6% since first listed

7 events — show timeline

• 2026-03-25 Price Changed $65,000 NCWVREIN
• 2025-12-28 Relisted — NCWVREIN
• 2025-12-21 Delisted — NCWVREIN
• 2025-09-24 Price Changed $75,000 NCWVREIN
• 2025-07-07 Listed $79,900 NCWVREIN
• 2019-08-23 Sold (MLS) $11,600 NCWVREIN
• 2019-05-03 Listed $19,900 NCWVREIN