304 Highland St · Wise, VA 24293

$134,900

3 bd · 1.5 ba · 1,264 sqft · SingleFamily public records · 41 Days on market

Built 1940 0.31 ac lot $107/sqft · 6% above area Est $128k · 6% over

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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 +15.6/30.0
• Schools +6.3/10.0
• ARV discount +5.0/15.0
• DSCR +4.8/10.0
• Livability +3.9/5.0
• 1% rule +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.3/10.0

Listing remarks MLS

Well maintained 3 bedroom and 1 full bath and 1 half bath located within walking distance of town. This ranch style home has a large kitchen and nice size living room. NEW METAL ROOF !!!The home has an attached garage and a carport to keep your vehicles out of the weather. The home is within minutes of all three schools in the area. Check it out before someone else does. Buyers and Buyers agents to verify all information in this listing. Subject to Errors an Omissions.

Key facts

• Big picture window
• Attached car garage
• Spacious mud room

Tags

• ATTACHED CAR GARAGE
• SPACIOUS MUD ROOM
• SOLID SURFACE COUNTERTOPS
• BUILT IN SHELVES
• BIG PICTURE WINDOW
• NEW WATER HEATER

Property features AI

Exterior

• Parking: Attached garage; Asphalt parking; Carport
• Security: Smoke detectors
• Utilities: Public water; Public sewer
• Home design: Single-family house; One level; Residential zoning
• Construction: Aluminum siding; Block foundation; Built as a house (structure type listed as House)
• Exterior features: Covered patio/porch; Deck; Front porch; Metal roof; Shed(s); Level to sloped topography

Interior

• Kitchen: Electric range; Refrigerator
• Bedrooms: Total of 6 rooms (includes bedrooms and living spaces)
• Flooring: Carpet; Laminate; Vinyl
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Heat pump heating and cooling; Propane heating available
• Interior features: Double-pane windows; Living room fireplace; Crawl space basement
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $58 ($691/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 $112k (17.1% below list).
• Recommended offer: $112k (17.1% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 5.1% in Wise — 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 77/100 on livability (#99 in VA, #3,153 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A, crime A-; Watch: employment D+, amenities F, commute F.
• Wise County Public School District (town): math 74% / reading 79% proficiency, ranked #11 of 131 in VA (top 8%) — strong family-tenant draw, lease renewals of 3-5y typical.
• Zoned schools: St. Paul Elementary (math 92% / reading 92%, grade A+, #9 of 1,108 statewide, top 1%, 469 students, 81% FRL); L.F. Addington Middle (math 80% / reading 83%, grade A+, #21 of 342 statewide, top 6%, 451 students, 101% FRL); Central High (math 87% / reading 87%, grade A, #16 of 319 statewide, top 5%, 674 students, 81% FRL) — zoned schools average 87% FRL vs 55% district-wide (33 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 42 active listings in the ZIP; 17 units permitted in Wise County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Wise County population projected at -26% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 41 days — a 3% lower offer ($131k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y ago; this cycle's ask has dropped $14k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $111,780 (17.1% below list)

Questions for the listing agent

1. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
2. Built in 1940 — 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 A-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?
5. 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?
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: 0.83% ✗
• Cap rate: 6.80%
• Cash-on-cash: 1.83%
• DSCR: 1.08
• GRM: 10.1

CMA / ARV

• ARV (median comp): $127,864
• List price: $134,900
• Delta: 5.50%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
444 Woodland Ct #444	0.24mi	3/1.5	1,216 (-4%)	13mo	$143,000	$118	71
919 Coeburn Rd	0.52mi	3/2.0	1,278 (+1%)	11mo	$149,000	$117	62
222 Azalea Dr	0.63mi	3/2.0	1,248 (-1%)	12mo	$87,500	$70	56
202 Railroad Ave	0.46mi	3/2.0	1,417 (+12%)	2mo	$149,500	$106	55
125 Modoc Ave	0.51mi	3/1.0	1,167 (-8%)	12mo	$125,000	$107	51
103 Virginia Ave	0.42mi	3/2.0	1,152 (-9%)	22mo	$52,000	$45	45
101 Virginia Ave	0.41mi	2/1.5 (-1)	1,394 (+10%)	24mo	$73,500	$53	39
402 Birchfield Rd	0.69mi	2/1.0 (-1)	1,091 (-14%)	20mo	$72,700	$67	21

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: -13.4%
• Equity multiple: 0.52×
• Total profit: $-18,243
• Equity at exit: $20,114

10-year hold

• IRR: -4.6%
• Equity multiple: 0.70×
• Total profit: $-11,363
• Equity at exit: $11,664

Cash invested: $37,772 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 55 Moderately Landlord-Leaning
• State Virginia: 55 Moderately Landlord-Leaning · D+2
• County: — inherits STATE
• City: — inherits STATE

VRLTA gives some tenant protections; Northern Virginia courts slower; rural VA landlord-leaning.

Methodology + full state rankings →

ZIP-level market 24293

• Home prices YoY: -5.8%
• Active inventory: 42
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $1,118 medium
• Mortgage (P&I): −$707
• Tax from tax record: −$62 /mo · $742/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$235
• Net cashflow: $58

Break-even live

Break-even rent $1,045

Max offer price $134,900

Occupancy floor 90%

Sensitivity live

Price	-10% $134	-5% $96	+0% $58	+5% $19	+10% $-19
Rent	-10% $-31	-5% $13	+0% $58	+5% $102	+10% $146
Rate	-1.0pp $125	-0.5pp $92	base $58	+0.5pp $23	+1.0pp $-13

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: $33,725
• Closing costs: $4,047
• Reserves months: —
• Total cash needed: —

Listing history 30 events

1. 2026-06-22
   days on market $134,900 Active 41 DOM
2. 2026-06-21
   days on market $134,900 Active 40 DOM
3. 2026-06-21
   days on market $134,900 Active 39 DOM
4. 2026-06-18
   price $134,900 Active 37 DOM
5. 2026-06-18
   days on market $139,900 Active 37 DOM
6. 2026-06-17
   days on market $139,900 Active 36 DOM
7. 2026-06-16
   days on market $139,900 Active 35 DOM
8. 2026-06-15
   days on market $139,900 Active 34 DOM
9. 2026-06-15
   days on market $139,900 Active 33 DOM
10. 2026-06-13
    days on market $139,900 Active 32 DOM
11. 2026-06-12
    days on market $139,900 Active 31 DOM
12. 2026-06-09
    days on market $139,900 Active 28 DOM
13. 2026-06-08
    days on market $139,900 Active 27 DOM
14. 2026-06-08
    days on market $139,900 Active 26 DOM
15. 2026-06-07
    days on market $139,900 Active 25 DOM
16. 2026-06-03
    days on market $139,900 Active 22 DOM
17. 2026-06-02
    days on market $139,900 Active 21 DOM
18. 2026-06-01
    days on market $139,900 Active 20 DOM
19. 2026-05-31
    days on market $139,900 Active 19 DOM
20. 2026-05-12
    listed $149,000 Active 980-char remark
21. 2024-05-14
    soldstatus $124,000
22. 2024-05-13
    status Pending 473-char remark

    Show marketing remark (473 chars)

    Well maintained 3 bedroom and 1 full bath and 1 half bath located within walking distance of town. This ranch style home has a large kitchen and nice size living room. NEW METAL ROOF !!!The home has an attached garage and a carport to keep your vehicles out of the weather. The home is within minutes of all three schools in the area. Check it out before someone else does. Buyers and Buyers agents to verify all information in this listing. Subject to Errors an Omissions.

23. 2024-05-13
    soldstatus $124,000 Closed 473-char remark

    Show marketing remark (473 chars)

    Well maintained 3 bedroom and 1 full bath and 1 half bath located within walking distance of town. This ranch style home has a large kitchen and nice size living room. NEW METAL ROOF !!!The home has an attached garage and a carport to keep your vehicles out of the weather. The home is within minutes of all three schools in the area. Check it out before someone else does. Buyers and Buyers agents to verify all information in this listing. Subject to Errors an Omissions.

24. 2024-04-24
    historical 473-char remark

    Show marketing remark (473 chars)

    Well maintained 3 bedroom and 1 full bath and 1 half bath located within walking distance of town. This ranch style home has a large kitchen and nice size living room. NEW METAL ROOF !!!The home has an attached garage and a carport to keep your vehicles out of the weather. The home is within minutes of all three schools in the area. Check it out before someone else does. Buyers and Buyers agents to verify all information in this listing. Subject to Errors an Omissions.

25. 2024-03-31
    historical Active Under Contract 473-char remark

    Show marketing remark (473 chars)

    Well maintained 3 bedroom and 1 full bath and 1 half bath located within walking distance of town. This ranch style home has a large kitchen and nice size living room. NEW METAL ROOF !!!The home has an attached garage and a carport to keep your vehicles out of the weather. The home is within minutes of all three schools in the area. Check it out before someone else does. Buyers and Buyers agents to verify all information in this listing. Subject to Errors an Omissions.

26. 2023-11-08
    price $159,000 473-char remark

    Show marketing remark (473 chars)

    Well maintained 3 bedroom and 1 full bath and 1 half bath located within walking distance of town. This ranch style home has a large kitchen and nice size living room. NEW METAL ROOF !!!The home has an attached garage and a carport to keep your vehicles out of the weather. The home is within minutes of all three schools in the area. Check it out before someone else does. Buyers and Buyers agents to verify all information in this listing. Subject to Errors an Omissions.

27. 2023-08-29
    price $169,000 473-char remark

    Show marketing remark (473 chars)

    Well maintained 3 bedroom and 1 full bath and 1 half bath located within walking distance of town. This ranch style home has a large kitchen and nice size living room. NEW METAL ROOF !!!The home has an attached garage and a carport to keep your vehicles out of the weather. The home is within minutes of all three schools in the area. Check it out before someone else does. Buyers and Buyers agents to verify all information in this listing. Subject to Errors an Omissions.

28. 2023-07-14
    listed $179,000 Active 473-char remark

    Show marketing remark (473 chars)

    Well maintained 3 bedroom and 1 full bath and 1 half bath located within walking distance of town. This ranch style home has a large kitchen and nice size living room. NEW METAL ROOF !!!The home has an attached garage and a carport to keep your vehicles out of the weather. The home is within minutes of all three schools in the area. Check it out before someone else does. Buyers and Buyers agents to verify all information in this listing. Subject to Errors an Omissions.

29. 2018-12-06
    soldstatus $95,600
30. 1993-07-09
    soldstatus $67,500

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

Tax reassessment forecast VA · Resets to sale price

• Current annual tax: $742 · $62/mo
• Projected year-2 tax: $1,106 · $92/mo
• Expected delta: +$364/yr (+$30/mo · 49.0%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥92°F today · 20 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: $13,414
• − Mortgage interest: −$7,556
• − Property taxes: −$742
• − Insurance: −$674
• − Repairs & maintenance: −$1,073
• − Management: −$1,073
• − Depreciation: −$3,924
• Taxable loss: −$1,630
• Est. tax savings @ 24.0%: +$391
• After-tax cash flow: $1,082/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: Wise County Public School District
• NCES district ID: 5104080
• Math proficiency: 74% ▼ -20.00%
• Reading proficiency: 79% ▼ -7.00%
• Median HH income: $35,624
• Composite: 63.37/100
• National rank: #625
• State rank: #11 of 131 in VA

Livability — Wise

• Score: 77/100
• State rank: #99
• US rank: #3153

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wise, VA
• Population (ZIP): 9,622

Population outlook (Wise County) Hauer SSP2

• Today (2025): 35,714 people
• By 2030: 33,742 · -5.5%
• By 2040: 29,870 · -16.4%
• By 2050: 26,233 · -26.5%
• By 2075: 18,296 · -48.8%
• By 2100: 12,147 · -66.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (96%)
• Race & ethnicity: White 96% Two or more races 3% Hispanic / Latino 1%
• Common ancestry: Serbian 4% Slovak 4% Lithuanian 2%
• Foreign-born: 1% · Canada, South Korea

Political lean MEDSL · Wise

• 2024 margin: Solid R (+63.3) · D 18.1% · R 81.4%
• 2008→2024 swing: -35.6pp toward R · 2008: -27.7pp · 2024: -63.3pp
• All cycles: 2024: R+63.3 2020: R+61.7 2016: R+62.0 2012: R+48.8 2008: R+27.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -9.49%
• Current HPI: 153.7377
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.40%
• F500 in state: 50

Industry mix (Fortune 500 HQ in VA)

Industry	F500 HQs	Revenue
▸Aerospace / Defense	4	$236B
▸Technology / Defense	3	$32B
▸Financial Services	2	$176B
▸Utilities	2	$27B
▸Insurance	2	$25B
▸Technology	2	$15B

Price history

+107.3% since first listed

12 events — show timeline

• 2026-05-28 Price Changed $139,900 TVRMLS
• 2026-05-12 Listed $149,000 TVRMLS
• 2024-05-14 Sold (Public Records) $124,000 Public Records
• 2024-05-13 Pending — TVRMLS
• 2024-05-13 Sold (MLS) $124,000 TVRMLS
• 2024-04-24 Delisted — TVRMLS
• 2024-03-31 Contingent — TVRMLS
• 2023-11-08 Price Changed $159,000 TVRMLS
• 2023-08-29 Price Changed $169,000 TVRMLS
• 2023-07-14 Listed $179,000 TVRMLS
• 2018-12-06 Sold (Public Records) $95,600 Public Records
• 1993-07-09 Sold (Public Records) $67,500 Public Records

Property tax history

+4.2%/yr

Latest (2025): $742 · +19.7% YoY. Source: county tax records.