701 View Ave · Fairmont, WV 26554

$115,000

3 bd · 1.0 ba · 1,474 sqft · SingleFamily public records · 156 Days on market

Built 1920 0.33 ac lot Est $156k · 26% 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 +24.8/30.0
• ARV discount +15.0/15.0
• DSCR +8.1/10.0
• 1% rule +5.6/10.0
• 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

Investor opportunity just minutes from the FSU! Well located one level ranch with three bedrooms. This property features two separate entrances with porches, off-street designated parking, and a functional layout all on one level. Being sold AS-IS, utilities are currently off. See agent remarks please.

Key facts

• One level ranch
• Functional layout
• 0.33 acre lot

Tags

• ONE LEVEL RANCH
• TWO SEPARATE ENTRANCES
• OFF STREET DESIGNATED PARKING
• FUNCTIONAL LAYOUT

Property features AI

Finance

• Other: Property listed by KEYSTONE REALTY GROUP LLC
• Financial info: Financial details not provided
• HOA & community: No HOA information listed

Exterior

• Parking: Off-street parking; On-street parking
• Security: No security features listed
• Utilities: Public water; Public sewer; Cable available
• Home design: Single-family detached residence; Single-story
• Construction: Block and vinyl siding construction; Shingle roof; Concrete basement
• Exterior features: Patio; Porch; Sloped, wooded lot

Interior

• Kitchen: Range
• Bedrooms: Bedrooms information not provided
• Flooring: Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (Forced air); Central air conditioning
• Interior features: Vinyl flooring; Masonry fireplace (1)
• Laundry & utility: Basement utility area (concrete basement)

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $245 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $115k).
• Recommended offer: $101k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.9% vs local median 4.2% 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: 150 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 $795 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 156 days — a 12% lower offer ($101k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $74k; list at $115k implies a 55% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $101,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 156 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 1920 — 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: 1.06% ✓
• Cap rate: 8.85%
• Cash-on-cash: 9.13%
• DSCR: 1.41
• GRM: 7.8

CMA / ARV

• ARV (on-the-fly): $156,244
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
20 Hillside	0.38mi	3/2.0	1,463 (-1%)	2mo	$100,000	$68	76
284 View Ave	0.29mi	3/2.0	1,380 (-6%)	0mo	$95,500	$69	71
1113 Sunset Dr	0.60mi	3/1.5	1,488 (+1%)	2mo	$249,900	$168	67
608 6th	0.53mi	3/1.0	1,434 (-3%)	6mo	$135,000	$94	65
210 Mockingbird Ln	0.69mi	3/1.5	1,440 (-2%)	0mo	$112,000	$78	62
619 Walnut Ave	0.59mi	3/1.5	1,557 (+6%)	1mo	$30,000	$19	60
1130 S Park Dr	0.69mi	3/2.0	1,475 (+0%)	4mo	$210,000	$142	60
726 Benoni Ave	0.64mi	2/1.5 (-1)	1,430 (-3%)	2mo	$175,000	$122	57
1131 Bell Run	0.64mi	3/1.0	1,400 (-5%)	7mo	$195,000	$139	56
1023 Mccoy	0.39mi	2/1.0 (-1)	1,280 (-13%)	0mo	$136,000	$106	55
1126 S Park Dr	0.67mi	2/2.0 (-1)	1,500 (+2%)	3mo	$110,500	$74	54
1135 Sunset	0.71mi	3/1.5	1,260 (-14%)	3mo	$182,000	$144	39

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: -2.5%
• Equity multiple: 0.91×
• Total profit: $-3,054
• Equity at exit: $17,147

10-year hold

• IRR: 7.2%
• Equity multiple: 1.54×
• Total profit: $17,331
• Equity at exit: $9,943

Cash invested: $32,200 (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 26554

• Home prices YoY: -11.3%
• Active inventory: 150
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,224 medium
• Mortgage (P&I): −$603
• Tax from tax record: −$71 /mo · $846/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$257
• Net cashflow: $245

Break-even live

Break-even rent $913

Max offer price $115,000

Occupancy floor 75%

Sensitivity live

Price	-10% $310	-5% $278	+0% $245	+5% $213	+10% $180
Rent	-10% $148	-5% $197	+0% $245	+5% $293	+10% $342
Rate	-1.0pp $303	-0.5pp $274	base $245	+0.5pp $215	+1.0pp $185

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-21
   days on market $115,000 Active 156 DOM
2. 2026-06-19
   days on market $115,000 Active 154 DOM
3. 2026-06-18
   days on market $115,000 Active 153 DOM
4. 2026-06-17
   days on market $115,000 Active 152 DOM
5. 2026-06-16
   days on market $115,000 Active 151 DOM
6. 2026-06-15
   days on market $115,000 Active 150 DOM
7. 2026-06-14
   days on market $115,000 Active 148 DOM
8. 2026-06-13
   days on market $115,000 Active 147 DOM
9. 2026-06-10
   days on market $115,000 Active 145 DOM
10. 2026-06-09
    days on market $115,000 Active 144 DOM
11. 2026-06-08
    days on market $115,000 Active 143 DOM
12. 2026-06-07
    days on market $115,000 Active 142 DOM
13. 2026-06-02
    days on market $115,000 Active 137 DOM
14. 2026-06-01
    days on market $115,000 Active 136 DOM
15. 2026-05-31
    days on market $115,000 Active 135 DOM
16. 2026-05-30
    days on market $115,000 Active 134 DOM
17. 2026-01-16
    listed $115,000 Active
18. 2021-05-21
    soldstatus $74,000
19. 2016-07-27
    soldstatus $58,000
20. 2006-07-28
    soldstatus $31,500

ⓘ 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: $846 · $71/mo
• Projected year-2 tax: $846 · $71/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 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,682
• − Mortgage interest: −$6,442
• − Property taxes: −$846
• − Insurance: −$575
• − Repairs & maintenance: −$1,175
• − Management: −$1,175
• − Depreciation: −$3,345
• Taxable income: $1,124
• Est. tax owed @ 24.0%: −$270
• After-tax cash flow: $2,671/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

+265.1% since first listed

4 events — show timeline

• 2026-01-16 Listed $115,000 NCWVREIN
• 2021-05-21 Sold (Public Records) $74,000 Public Records
• 2016-07-27 Sold (Public Records) $58,000 Public Records
• 2006-07-28 Sold (Public Records) $31,500 Public Records

Property tax history

-4.2%/yr

Latest (2025): $846 · +3.8% YoY. Source: county tax records.