2415 Ohio St · Moundsville, WV 26041

$109,000

3 bd · 1.5 ba · 2,160 sqft · SingleFamily public records · 109 Days on market

Built 1920 4,356 sqft lot Est $207k · 47% under

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Why this score? — see what drove the C- 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 +16.2/30.0
• ARV discount +15.0/15.0
• DSCR +5.0/10.0
• 1% rule +4.4/10.0
• Livability +3.3/5.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This unique property features a ground-level garage that's perfect for a workshop, hobby space, or extra storage — plus two full levels of living space above. The open-concept great room with vaulted ceilings creates an airy, inviting atmosphere ideal for entertaining or everyday living. With four spacious bedrooms, there's plenty of room for family, guests, or a home office setup. Conveniently located near shopping, gas stations, restaurants, and everyday amenities, this home offers both comfort and accessibility. Whether you're looking to customize, invest, or settle into a spacious layout with character, this property is full of opportunity.

Key facts

• Vaulted ceilings
• Ground-level garage
• Spacious layout

Tags

• GROUND-LEVEL GARAGE
• OPEN-CONCEPT GREAT ROOM
• VAULTED CEILINGS
• SPACIOUS LAYOUT
• CONVENIENTLY LOCATED

Property features AI

Exterior

• Parking: Attached garage with 4 spaces
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Multi-level (2 stories)
• Construction: Vinyl siding; Metal roof
• Exterior features: Deck; Workshop

Interior

• Bathrooms: 1 full bathroom; 2 half bathrooms
• Heating & cooling: Natural gas heating; Wood heating; Window air conditioning units
• Interior features: Electric water heater; Wood-burning fireplace; 7 total rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $109k.

Deal economics

• At list price, monthly cash flow is $2 ($24/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $103k (5.8% below list).
• Recommended offer: $99k (9.0% below list) — sets the bar for market timing.
• Cap rate 6.9% vs local median 4.7% in Moundsville — 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 66/100 on livability (#105 in WV) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A-, health & safety A-; Watch: amenities F, commute F, employment F.
• Marshall County Schools (suburban): math 28% / reading 36% proficiency, ranked #21 of 55 in WV (top 38%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Mcninch Primary School (340 students, 0% FRL); Moundsville Middle School (math 16% / reading 27%, grade F, #97 of 109 statewide, top 91%, 409 students, 0% FRL); John Marshall High School (math 22% / reading 49%, grade F, #41 of 110 statewide, top 37%, 1,046 students, 0% FRL) — zoned schools average 0% FRL vs 42% district-wide (42 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 78 active listings in the ZIP; 6 units permitted in Marshall County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $754 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Marshall County population projected at -19% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 109 days — a 9% lower offer ($99k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo; built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $99,190 (9.0% below list)

Questions for the listing agent

1. It's been on market 109 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 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
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: 0.94% ✗
• Cap rate: 6.93%
• Cash-on-cash: 2.26%
• DSCR: 1.10
• GRM: 8.9

CMA / ARV

• ARV (on-the-fly): $207,360
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2213 4th St	0.10mi	3/2.0	2,082 (-4%)	3mo	$220,000	$106	84
2903 Glenwood Ave	0.37mi	4/2.5 (+1)	2,147 (-1%)	3mo	$219,000	$102	71
312 Pine Ave	0.17mi	3/2.5	2,134 (-1%)	20mo	$205,000	$96	69
326 Poplar Ave	0.10mi	3/2.0	2,030 (-6%)	18mo	$125,000	$62	68
1707 Virginia St	0.46mi	3/3.0	2,121 (-2%)	3mo	$165,000	$78	68
316 Thorn Ave	0.25mi	4/1.0 (+1)	1,870 (-13%)	3mo	$172,000	$92	57
1301 Fifth St	0.71mi	4/2.5 (+1)	2,214 (+2%)	1mo	$245,000	$111	53
1222 Second St	0.70mi	3/2.0	2,128 (-2%)	14mo	$115,000	$54	52
118 Pine Ave	0.39mi	3/2.0	2,349 (+9%)	18mo	$200,000	$85	50
1312 7th St	0.69mi	4/2.0 (+1)	2,054 (-5%)	10mo	$234,000	$114	44
1208 Center St	0.74mi	4/1.0 (+1)	2,035 (-6%)	6mo	$38,000	$19	43
1507 Fifth St	0.56mi	4/1.5 (+1)	1,854 (-14%)	17mo	$180,000	$97	31

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: -16.1%
• Equity multiple: 0.43×
• Total profit: $-17,488
• Equity at exit: $16,252

10-year hold

• IRR: -7.7%
• Equity multiple: 0.51×
• Total profit: $-14,865
• Equity at exit: $9,424

Cash invested: $30,520 (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 26041

• Home prices YoY: -24.8%
• Active inventory: 78
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $1,026 medium
• Mortgage (P&I): −$572
• Tax est. 1.5%: −$136 /mo · $1,635/yr
• Insurance: −$45
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$216
• Net cashflow: $2

Break-even live

Break-even rent $1,024

Max offer price $109,000

Occupancy floor 95%

Sensitivity live

Price	-10% $77	-5% $40	+0% $2	+5% $-36	+10% $-73
Rent	-10% $-79	-5% $-39	+0% $2	+5% $43	+10% $83
Rate	-1.0pp $57	-0.5pp $30	base $2	+0.5pp $-26	+1.0pp $-55

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: $27,250
• Closing costs: $3,270
• Reserves months: —
• Total cash needed: —

Listing history 15 events

1. 2026-06-19
   days on market $109,000 Active 109 DOM
2. 2026-06-18
   days on market $109,000 Active 108 DOM
3. 2026-06-17
   days on market $109,000 Active 107 DOM
4. 2026-06-16
   days on market $109,000 Active 106 DOM
5. 2026-06-15
   days on market $109,000 Active 105 DOM
6. 2026-06-14
   days on market $109,000 Active 103 DOM
7. 2026-06-12
   days on market $109,000 Active 102 DOM
8. 2026-06-09
   days on market $109,000 Active 99 DOM
9. 2026-06-08
   days on market $109,000 Active 98 DOM
10. 2026-06-07
    days on market $109,000 Active 97 DOM
11. 2026-06-02
    days on market $109,000 Active 92 DOM
12. 2026-06-01
    days on market $109,000 Active 91 DOM
13. 2026-05-31
    days on market $109,000 Active 90 DOM
14. 2026-05-30
    days on market $109,000 Active 89 DOM
15. 2026-03-02
    listed $109,000 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 7/10 Severe FEMA zone X (unshaded) · 76% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥99°F today · 20 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,316
• − Mortgage interest: −$6,106
• − Property taxes: −$1,635
• − Insurance: −$1,212
• − Repairs & maintenance: −$985
• − Management: −$985
• − Depreciation: −$3,171
• Taxable loss: −$1,778
• Est. tax savings @ 24.0%: +$427
• After-tax cash flow: $450/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: Marshall County Schools
• NCES district ID: 5400750
• Math proficiency: 28% ▼ -6.00%
• Reading proficiency: 36% ▼ -4.00%
• Median HH income: $40,289
• Composite: 26.91/100
• National rank: #7086
• State rank: #21 of 55 in WV

Livability — Moundsville

• Score: 66/100
• State rank: #105
• US rank: #11553

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Moundsville, WV
• County: Marshall · 16,750 people
• Metro: Wheeling, WV-OH
• Population (ZIP): 15,706
• Household income: $55,545
• Rent vs Own: 24.1% rent · 75.9% own
• Severe rent burden: 7.4

Population outlook (Marshall County) Hauer SSP2

• Today (2025): 30,387 people
• By 2030: 29,242 · -3.8%
• By 2040: 26,806 · -11.8%
• By 2050: 24,627 · -19.0%
• By 2075: 19,846 · -34.7%
• By 2100: 15,169 · -50.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Two or more races 3% Hispanic / Latino 1%
• Common ancestry: Romanian 4% Iranian 2% Italian 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1% German/W. Germanic 1%

Political lean MEDSL · Marshall

• 2024 margin: Solid R (+50.0) · D 24.1% · R 74.1% · Other 1.8%
• 2008→2024 swing: -37.5pp toward R · 2008: -12.6pp · 2024: -50.0pp
• All cycles: 2024: R+50.0 2020: R+49.6 2016: R+51.0 2012: R+28.6 2008: R+12.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -50.71%
• Current HPI: 153.9522
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

1 event — show timeline

• 2026-03-02 Listed $109,000 WBOR

Property tax history

+5.4%/yr

Latest (2025): $217 · +7.7% YoY. Source: county tax records.