110 Walker Ave · Princeton, WV 24740

$89,000

4 bd · 1.5 ba · 2,305 sqft · SingleFamily public records · 109 Days on market

Built 1922 2.93 ac lot

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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 +28.3/30.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +7.6/10.0
• ARV discount +7.5/15.0
• Livability +3.6/5.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Don't miss out on this 3-bedroom 2-bathroom house with a bonus room that could be made into an extra bedroom. Situated on 3.62 acres of land with private walking paths. Outside storage sheds with basements underneath.

Key facts

• 2.93 acres
• Brick home
• Close to amenities

Tags

• BRICK HOME
• 2.93 ACRES
• CLOSE TO AMENITIES

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: Single-family residence; 2 stories
• Construction: Brick and vinyl siding construction
• Exterior features: Approximately 2.93-acre lot

Interior

• Bathrooms: 1 full bathroom; 2 half bathrooms
• Heating & cooling: Forced air heating; Natural gas heating
• Interior features: Full, unfinished basement

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $89k.

Deal economics

• At list price, monthly cash flow is $285 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $89k).
• Recommended offer: $81k (9.0% below list) — sets the bar for market timing.
• Cap rate 10.1% vs local median 3.7% in Princeton — 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 72/100 on livability (#53 in WV) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, schools B+; Watch: amenities D, commute F, employment F.
• Mercer County Schools (town): math 26% / reading 37% proficiency, ranked #28 of 55 in WV (top 51%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 48 active listings in the ZIP; lower-income renter base — watch delinquency; 4 units permitted in Mercer County in 2024 (0 in 5+ unit buildings).
• This rent runs 30% of the median local income ($45k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $10k of equity ($615 loan paydown + $9k appreciation (10.0% local appreciation)).
• Mercer County population projected at -18% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $25k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 109 days — a 9% lower offer ($81k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 23y 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 $73k; 22% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1922 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $80,990 (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 1922 — 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. 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: 1.26% ✓
• Cap rate: 10.14%
• Cash-on-cash: 13.73%
• DSCR: 1.61
• GRM: 6.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 34.4%
• Equity multiple: 3.67×
• Total profit: $66,646
• Equity at exit: $80,178

10-year hold

• IRR: 29.6%
• Equity multiple: 8.30×
• Total profit: $181,989
• Equity at exit: $172,907

Cash invested: $24,920 (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 24740

• Home prices YoY: 7.1%
• Active inventory: 48
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,120 medium
• Mortgage (P&I): −$467
• Tax from tax record: −$96 /mo · $1,152/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$235
• Net cashflow: $285

Break-even live

Break-even rent $759

Max offer price $89,000

Occupancy floor 70%

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: $22,250
• Closing costs: $2,670
• Reserves months: —
• Total cash needed: —

Listing history 31 events

1. 2026-06-19
   days on market $89,000 Active 109 DOM
2. 2026-06-18
   days on market $89,000 Active 108 DOM
3. 2026-06-17
   days on market $89,000 Active 107 DOM
4. 2026-06-16
   days on market $89,000 Active 106 DOM
5. 2026-06-15
   days on market $89,000 Active 105 DOM
6. 2026-06-14
   days on market $89,000 Active 103 DOM
7. 2026-06-12
   statusdays on market $89,000 Active 102 DOM
8. 2026-06-09
   days on market $89,000 Active Under Contract 99 DOM
9. 2026-06-08
   days on market $89,000 Active Under Contract 98 DOM
10. 2026-06-07
    days on market $89,000 Active Under Contract 97 DOM
11. 2026-06-05
    statusdays on market $89,000 Active Under Contract 94 DOM
12. 2026-06-02
    days on market $89,000 Active 92 DOM
13. 2026-06-01
    days on market $89,000 Active 91 DOM
14. 2026-05-31
    days on market $89,000 Active 90 DOM
15. 2026-05-30
    days on market $89,000 Active 89 DOM
16. 2026-05-11
    status Active
17. 2026-05-05
    historical Active Under Contract
18. 2026-04-06
    price $89,000
19. 2026-03-03
    listed $93,000 Active
20. 2025-10-07
    soldstatus $73,123
21. 2022-09-06
    soldstatus $140,000 217-char remark

    Show marketing remark (217 chars)

    Don't miss out on this 3-bedroom 2-bathroom house with a bonus room that could be made into an extra bedroom. Situated on 3.62 acres of land with private walking paths. Outside storage sheds with basements underneath.

22. 2022-09-02
    soldstatus $140,000
23. 2022-06-23
    listed $149,900 217-char remark

    Show marketing remark (217 chars)

    Don't miss out on this 3-bedroom 2-bathroom house with a bonus room that could be made into an extra bedroom. Situated on 3.62 acres of land with private walking paths. Outside storage sheds with basements underneath.

24. 2019-06-28
    soldstatus $105,000 516-char remark

    Show marketing remark (516 chars)

    Conventional home w/ spacious lots, suitable for additional building of choice. Unique looking wood-burning fireplace in living room gives character. Remodeled kitchen, master bedroom & bath. Upgraded kitchen w/ lots of cabinet & counter space. Lots of closet & storage space in rooms, downstairs & throughout. Several bonus rooms for additional storage or of choice. Laundry area has chute accessibiliy. Outside garden shop w/ basement underneath. Walking path to private woods area in back.

25. 2017-07-29
    listed $121,000 516-char remark

    Show marketing remark (516 chars)

    Conventional home w/ spacious lots, suitable for additional building of choice. Unique looking wood-burning fireplace in living room gives character. Remodeled kitchen, master bedroom & bath. Upgraded kitchen w/ lots of cabinet & counter space. Lots of closet & storage space in rooms, downstairs & throughout. Several bonus rooms for additional storage or of choice. Laundry area has chute accessibiliy. Outside garden shop w/ basement underneath. Walking path to private woods area in back.

26. 2008-09-26
    soldstatus $105,000
27. 2008-02-14
    listed $109,000
28. 2004-06-01
    soldstatus $88,000
29. 2004-06-01
    soldstatus $88,000
30. 2003-07-17
    listed $92,000
31. 2001-07-25
    soldstatus $30,050

ⓘ 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: $1,152 · $96/mo
• Projected year-2 tax: $1,152 · $96/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 2/10 Low 7 d/yr ≥93°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,443
• − Mortgage interest: −$4,985
• − Property taxes: −$1,152
• − Insurance: −$445
• − Repairs & maintenance: −$1,075
• − Management: −$1,075
• − Depreciation: −$2,589
• Taxable income: $2,121
• Est. tax owed @ 24.0%: −$509
• After-tax cash flow: $2,914/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: Mercer County Schools
• NCES district ID: 5400840
• Math proficiency: 26% ▼ -13.00%
• Reading proficiency: 37% ▼ -6.00%
• Median HH income: $35,064
• Composite: 25.98/100
• National rank: #7325
• State rank: #28 of 55 in WV

Livability — Princeton

• Score: 72/100
• State rank: #53
• US rank: #6278

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Mercer County · 33,615 people
• City population: 16,498
• Metro: Bluefield, WV-VA
• Population (ZIP): 16,498
• Household income: $44,793
• Rent vs Own: 36.0% rent · 64.0% own
• Severe rent burden: 438.0

Population outlook (Mercer County) Hauer SSP2

• Today (2025): 57,860 people
• By 2030: 55,781 · -3.6%
• By 2040: 51,365 · -11.2%
• By 2050: 47,476 · -17.9%
• By 2075: 38,851 · -32.9%
• By 2100: 30,053 · -48.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Two or more races 7% Black 3% Hispanic / Latino 1%
• Common ancestry: Serbian 2% Slovak 1% Italian 1%
• Foreign-born: 1%
• Languages at home: 98% English-only · Arabic 1%

Political lean MEDSL · Mercer

• 2024 margin: Solid R (+57.3) · D 20.6% · R 77.9% · Other 1.5%
• 2008→2024 swing: -29.8pp toward R · 2008: -27.6pp · 2024: -57.3pp
• All cycles: 2024: R+57.3 2020: R+54.4 2016: R+55.3 2012: R+47.1 2008: R+27.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 14.67%
• Current HPI: 220.0694
• Rent YoY: —
• Metro: Bluefield, WV-VA
• State GDP YoY: —
• F500 in state: 0

Price history

+196.2% since first listed

16 events — show timeline

• 2026-05-11 Relisted — MTCBOR
• 2026-05-05 Contingent — MTCBOR
• 2026-04-06 Price Changed $89,000 MTCBOR
• 2026-03-03 Listed $93,000 MTCBOR
• 2025-10-07 Sold (Public Records) $73,123 Public Records
• 2022-09-06 Sold (MLS) $140,000 MTCBOR
• 2022-09-02 Sold (Public Records) $140,000 Public Records
• 2022-06-23 Listed $149,900 MTCBOR
• 2019-06-28 Sold (MLS) $105,000 MTCBOR
• 2017-07-29 Listed $121,000 MTCBOR
• 2008-09-26 Sold (MLS) $105,000 MTCBOR
• 2008-02-14 Listed $109,000 MTCBOR
• 2004-06-01 Sold (Public Records) $88,000 Public Records
• 2004-06-01 Sold (MLS) $88,000 MTCBOR
• 2003-07-17 Listed $92,000 MTCBOR
• 2001-07-25 Sold (Public Records) $30,050 Public Records

Property tax history

+3.9%/yr

Latest (2025): $1,152 · +4.7% YoY. Source: county tax records.