138 Ringleben St · Beckley, WV 25801

$45,000

3 bd · 1.0 ba · 858 sqft · SingleFamily public records · 38 Days on market

Built 1945 7,405 sqft lot Est $76k · 41% 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
• Rent growth +3.6/5.0
• Schools +3.0/10.0
• Livability +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Small home with TLC will make a great place to live.

Key facts

• 7,405 sq ft lot
• Built 1945
• Listed 38 days

Property features AI

Exterior

• Parking: Open parking; No garage; concrete parking surface
• Utilities: Public water; Public sewer
• Home design: Residential property
• Construction: Stucco and vinyl siding exterior; Metal roof; Has basement
• Exterior features: Covered deck; Has a view; Level to rolling topography/lot

Interior

• Kitchen: Cooktop; Refrigerator; Electric water heater
• Bedrooms: 2 main-level bedrooms
• Flooring: Hardwood floors
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric baseboard heating; Ceiling fan(s); no central air
• Interior features: Eat-in kitchen; Ceiling fans; Window coverings and drapes; Full unfinished basement
• Laundry & utility: Washer hookup on main level

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $45k.

Deal economics

• At list price, monthly cash flow is $705 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $45k).
• Recommended offer: $44k (3.0% below list) — sets the bar for market timing.
• Cap rate 25.1% vs local median 7.0% in Beckley — 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 59/100 on livability (#235 in WV) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A-; Watch: employment D, crime F, amenities F.
• Raleigh County Schools (rural): math 29% / reading 42% proficiency, ranked #14 of 55 in WV (top 26%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Beckley Elementary (math 17% / reading 22%, grade F, #350 of 377 statewide, top 95%, 320 students, 0% FRL); Beckley-Stratton Middle School (math 14% / reading 27%, grade F, #102 of 109 statewide, top 94%, 674 students, 0% FRL); Woodrow Wilson High School (math 24% / reading 56%, grade F, #20 of 110 statewide, top 17%, 1,330 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: Rents rising fast (+4.2%/yr); 112 active listings in the ZIP; 41 units permitted in Raleigh County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $311 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Raleigh County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 4.2% rent growth), your $13k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($44k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 9y 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 $20k; list at $45k implies a 124% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1945 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $43,650 (3.0% below list)

Questions for the listing agent

1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1945 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 2.79% ✓
• Cap rate: 25.09%
• Cash-on-cash: 67.12%
• DSCR: 3.99
• GRM: 3.0

CMA / ARV

• ARV (on-the-fly): $76,362
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
716 F St	0.10mi	3/1.0	916 (+7%)	14mo	$93,000	$102	72
208 E St	0.47mi	2/1.0 (-1)	819 (-4%)	7mo	$50,000	$61	59
110 Lancaster St	0.58mi	2/1.0 (-1)	840 (-2%)	15mo	$143,000	$170	52
104 Hoover St	0.36mi	2/1.0 (-1)	780 (-9%)	14mo	$49,500	$63	51
117 Rice St	0.23mi	2/1.0 (-1)	781 (-9%)	22mo	$15,000	$19	51
102 Hoover St	0.36mi	2/1.0 (-1)	784 (-9%)	18mo	$75,000	$96	48
203 Stanley St	0.73mi	2/1.0 (-1)	892 (+4%)	14mo	$79,500	$89	43
118 Laurel Ter	0.47mi	2/1.0 (-1)	748 (-13%)	13mo	$43,000	$57	40
312 Highland St	0.46mi	2/1.0 (-1)	940 (+10%)	24mo	$115,000	$122	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 · 4.25% rent growth · sell at horizon

5-year hold

• IRR: 67.8%
• Equity multiple: 4.11×
• Total profit: $39,197
• Equity at exit: $6,710

10-year hold

• IRR: 72.4%
• Equity multiple: 8.83×
• Total profit: $98,673
• Equity at exit: $3,891

Cash invested: $12,600 (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 25801

• Home prices YoY: -17.8%
• Rents YoY: 4.2%
• Active inventory: 112
• Price-to-rent: 3.0×

Monthly cashflow live

• Estimated rent: $1,255 medium
• Mortgage (P&I): −$236
• Tax from tax record: −$32 /mo · $381/yr
• Insurance: −$19
• HOA: −$0
• Vacancy / Maint / Mgmt: −$264
• Net cashflow: $705

Break-even live

Break-even rent $363

Max offer price $45,000

Occupancy floor 39%

Sensitivity live

Price	-10% $730	-5% $718	+0% $705	+5% $692	+10% $679
Rent	-10% $606	-5% $655	+0% $705	+5% $754	+10% $804
Rate	-1.0pp $727	-0.5pp $716	base $705	+0.5pp $693	+1.0pp $681

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: $11,250
• Closing costs: $1,350
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-19
   days on market $45,000 Active 38 DOM
2. 2026-06-18
   days on market $45,000 Active 37 DOM
3. 2026-06-17
   days on market $45,000 Active 36 DOM
4. 2026-06-16
   days on market $45,000 Active 35 DOM
5. 2026-06-15
   days on market $45,000 Active 34 DOM
6. 2026-06-14
   days on market $45,000 Active 32 DOM
7. 2026-06-12
   days on market $45,000 Active 31 DOM
8. 2026-06-09
   days on market $45,000 Active 28 DOM
9. 2026-06-08
   days on market $45,000 Active 27 DOM
10. 2026-06-07
    days on market $45,000 Active 26 DOM
11. 2026-06-03
    days on market $45,000 Active 22 DOM
12. 2026-06-02
    days on market $45,000 Active 21 DOM
13. 2026-06-01
    days on market $45,000 Active 20 DOM
14. 2026-05-31
    days on market $45,000 Active 19 DOM
15. 2026-05-30
    days on market $45,000 Active 18 DOM
16. 2026-05-12
    listed $45,000 Active
17. 2020-08-17
    soldstatus $20,100
18. 2017-08-10
    soldstatus $9,200 52-char remark

    Show marketing remark (52 chars)

    Small home with TLC will make a great place to live.

19. 2017-06-23
    listed $9,499 52-char remark

    Show marketing remark (52 chars)

    Small home with TLC will make a great place to live.

20. 1996-06-26
    soldstatus $7,500

ⓘ 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: $381 · $32/mo
• Projected year-2 tax: $381 · $32/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 4/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥91°F today · 20 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,058
• − Mortgage interest: −$2,521
• − Property taxes: −$381
• − Insurance: −$225
• − Repairs & maintenance: −$1,205
• − Management: −$1,205
• − Depreciation: −$1,309
• Taxable income: $8,212
• Est. tax owed @ 24.0%: −$1,971
• After-tax cash flow: $6,486/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: Raleigh County Schools
• NCES district ID: 5401230
• Math proficiency: 29% ▼ -8.00%
• Reading proficiency: 42% ▼ -3.00%
• Median HH income: $39,828
• Composite: 29.74/100
• National rank: #6445
• State rank: #14 of 55 in WV

Livability — Beckley

• Score: 59/100
• State rank: #235
• US rank: #20551

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Beckley, WV
• County: Raleigh County · 31,128 people
• City population: 31,128
• Metro: Beckley, WV
• Population (ZIP): 31,128
• Household income: $56,836
• Rent vs Own: 33.1% rent · 66.9% own
• Severe rent burden: 1384.0

Population outlook (Raleigh County) Hauer SSP2

• Today (2025): 73,505 people
• By 2030: 70,954 · -3.5%
• By 2040: 66,038 · -10.2%
• By 2050: 61,919 · -15.8%
• By 2075: 51,954 · -29.3%
• By 2100: 39,724 · -46.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Black 10% Two or more races 7% Hispanic / Latino 2% Asian 2%
• Common ancestry: Slovak 2% Italian 1% Lithuanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 2% Other Indo-European 1%

Political lean MEDSL · Raleigh

• 2024 margin: Solid R (+54.3) · D 22.0% · R 76.3% · Other 1.6%
• 2008→2024 swing: -28.5pp toward R · 2008: -25.9pp · 2024: -54.3pp
• All cycles: 2024: R+54.3 2020: R+50.4 2016: R+52.8 2012: R+44.6 2008: R+25.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -45.60%
• Current HPI: 210.0114
• Rent YoY: ▲ 4.25%
• Metro: Beckley, WV
• State GDP YoY: —
• F500 in state: 0

Price history

+500.0% since first listed

5 events — show timeline

• 2026-05-12 Listed $45,000 BBOR
• 2020-08-17 Sold (Public Records) $20,100 Public Records
• 2017-08-10 Sold (MLS) $9,200 BBOR
• 2017-06-23 Listed $9,499 BBOR
• 1996-06-26 Sold (Public Records) $7,500 Public Records

Property tax history

+5.9%/yr

Latest (2025): $381 · +14.2% YoY. Source: county tax records.