51 Township Road 287 · Huntington, WV 45619

$29,900

2 bd · 1.5 ba · 960 sqft · SingleFamily public records · 52 Days on market

Built 1950 $31/sqft · 78% below area

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Why this score? — see what drove the D+ 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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +4.1/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Opportunity awaits at 51 Township Road 287 in Chesapeake, Ohio! This fixer-upper offers a blank canvas for investors, flippers, or buyers looking to create their own vision. Situated in heart of Chesapeake in a peaceful neighborhood this property is being sold as is. With the right updates and improvements, this property has strong potential for value-add and long-term upside. Conveniently located within a short drive to town amenities while still offering privacy and space, this is an ideal project for those ready to roll up their sleeves and bring new life to a property. Bring your tools, your contractor, and your imagination. This is your chance to turn potential into profit.

Key facts

• Built 1950
• Listed 51 days

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: Single-family residence; Single story
• Construction: Stucco exterior; Shingle roof
• Exterior features: Porch; Level lot

Interior

• Bathrooms: 1 full bathroom; 1 half bathroom
• Interior features: Crawl space

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath single-family listed at $30k.

Deal economics

• At list price, monthly cash flow is $930 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $30k).
• Recommended offer: $29k (3.0% below list) — sets the bar for market timing.
• Cap rate 46.3% vs local median 6.5% in Huntington — 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 79/100 on livability (#16 in WV, #2,045 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: crime F, employment F.
• Chesapeake Union Exempted Village (suburban): math 40% / reading 57% proficiency, ranked #461 of 656 in OH (top 70%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Chesapeake Elementary School (math 77% / reading 62%, grade A-, #391 of 1,584 statewide, top 27%, 488 students, 58% FRL); Chesapeake Middle School (math 30% / reading 54%, grade D-, #499 of 654 statewide, top 77%, 385 students, 60% FRL); Chesapeake High School (math 22% / reading 57%, grade F, #528 of 781 statewide, top 71%, 310 students, 70% FRL).
• Market conditions: 18 units permitted in Lawrence County in 2024 (0 in 5+ unit buildings).
• This rent runs 32% of the median local income ($58k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $207 of loan paydown is wiped out by about $897 of value loss. Plan a longer hold.
• Lawrence County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $8k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 52 days — a 3% lower offer ($29k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $15k; list at $30k implies a 99% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $29,003 (3.0% below list)

Questions for the listing agent

1. It's been on market 52 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 1950 — 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 5.12% ✓
• Cap rate: 46.28%
• Cash-on-cash: 142.82%
• DSCR: 7.35
• GRM: 1.6

CMA / ARV

• ARV (median comp): $135,378
• List price: $29,900
• Delta: -77.91%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
136 Township Road 1097	0.23mi	2/2.0	1,039 (+8%)	10mo	$169,900	$164	65
117 Township Road 1213	0.33mi	2/1.0	900 (-6%)	12mo	$133,000	$148	62
18 Private Drive 149 Unit 4	0.45mi	2/1.5	988 (+3%)	15mo	$74,000	$75	62
12 Washington Ct	0.62mi	3/1.0 (+1)	984 (+2%)	9mo	$90,550	$92	52
604 Pemberton Ave Ave	0.72mi	2/1.0	960 (0%)	19mo	$127,000	$132	48
421 9th Street West St	0.70mi	2/1.0	840 (-12%)	23mo	$76,000	$90	25

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: —
• Equity multiple: 7.50×
• Total profit: $54,452
• Equity at exit: $4,458

10-year hold

• IRR: —
• Equity multiple: 15.81×
• Total profit: $123,958
• Equity at exit: $2,585

Cash invested: $8,372 (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 45619

• Home prices YoY: -10.6%
• Price-to-rent: 1.6×

Monthly cashflow live

• Estimated rent: $1,531 medium
• Mortgage (P&I): −$157
• Tax from tax record: −$44 /mo · $528/yr
• Insurance: −$12
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$322
• Net cashflow: $930

Break-even live

Break-even rent $354

Max offer price $29,900

Occupancy floor 34%

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: $7,475
• Closing costs: $897
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-19
   days on market $29,900 Active 52 DOM
2. 2026-06-18
   days on market $29,900 Active 51 DOM
3. 2026-06-17
   days on market $29,900 Active 50 DOM
4. 2026-06-16
   days on market $29,900 Active 49 DOM
5. 2026-06-15
   days on market $29,900 Active 48 DOM
6. 2026-06-14
   days on market $29,900 Active 46 DOM
7. 2026-06-12
   days on market $29,900 Active 45 DOM
8. 2026-06-09
   days on market $29,900 Active 42 DOM
9. 2026-06-08
   days on market $29,900 Active 41 DOM
10. 2026-06-07
    days on market $29,900 Active 40 DOM
11. 2026-06-05
    days on market $29,900 Active 37 DOM
12. 2026-06-02
    days on market $29,900 Active 35 DOM
13. 2026-06-01
    days on market $29,900 Active 34 DOM
14. 2026-05-31
    days on market $29,900 Active 33 DOM
15. 2026-05-30
    days on market $29,900 Active 32 DOM
16. 2026-04-28
    listed $29,900 Active 687-char remark
17. 2010-10-01
    soldstatus $15,000

ⓘ 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: $528 · $44/mo
• Projected year-2 tax: $528 · $44/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 7/10 Severe FEMA zone X (shaded) · 73% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥103°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,374
• − Mortgage interest: −$1,675
• − Property taxes: −$528
• − Insurance: −$947
• − Repairs & maintenance: −$1,470
• − Management: −$1,470
• − Depreciation: −$870
• Taxable income: $11,415
• Est. tax owed @ 24.0%: −$2,740
• After-tax cash flow: $8,420/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: Chesapeake Union Exempted Village
• NCES district ID: 3904529
• Math proficiency: 40% ▼ -22.00%
• Reading proficiency: 57% ▼ -12.00%
• Median HH income: $46,731
• Composite: 41.16/100
• National rank: #3553
• State rank: #461 of 656 in OH

Livability — Huntington

• Score: 79/100
• State rank: #16
• US rank: #2045

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Lawrence
• City population: 25,795
• Metro: Huntington-Ashland, WV-KY-OH
• Population (ZIP): 7,273
• Household income: $57,525
• Rent vs Own: 20.1% rent · 79.9% own
• Severe rent burden: 17.4

Population outlook (Lawrence County) Hauer SSP2

• Today (2025): 57,915 people
• By 2030: 55,650 · -3.9%
• By 2040: 50,523 · -12.8%
• By 2050: 45,103 · -22.1%
• By 2075: 32,441 · -44.0%
• By 2100: 21,754 · -62.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 3% Black 2%
• Common ancestry: Slovak 3% Serbian 2% Italian 2%
• Foreign-born: 1%
• Languages at home: 98% English-only · French/Haitian/Cajun 1%

Political lean MEDSL · Lawrence

• 2024 margin: Solid R (+50.5) · D 24.4% · R 74.9%
• 2008→2024 swing: -35.2pp toward R · 2008: -15.3pp · 2024: -50.5pp
• All cycles: 2024: R+50.5 2020: R+45.6 2016: R+43.9 2012: R+15.5 2008: R+15.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -20.15%
• Current HPI: 170.5086
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+99.3% since first listed

2 events — show timeline

• 2026-04-28 Listed $29,900 HBRMLS
• 2010-10-01 Sold (Public Records) $15,000 Public Records

Property tax history

+2.3%/yr

Latest (2025): $528 · +2.4% YoY. Source: county tax records.