268 Street Car Rd · Bluefield, WV 24701

$91,900

3 bd · 1.0 ba · 1,299 sqft · SingleFamily public records · 32 Days on market

Built 1950

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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 +29.4/30.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 1% rule +7.1/10.0
• Appreciation +6.7/10.0
• Livability +2.8/5.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Conveniently located just outside the city limits of Blfd. on US 460 and only five minutes from the mall, this charming three-bedroom, one-bath home offers comfort, character, and beautiful mountain views. Relax on the inviting front porch swing while watching the activity along US 460, or unwind on the back patio overlooking the scenic East River Mountains. Inside, the home features a cozy living room, a eat-in kitchen and dining combination, and a large bathroom conveniently located on the main level. The main floor also includes one bedroom, while two additional bedrooms are upstairs, providing a comfortable layout. Multiple flower beds welcome you. Home is being "Sold AS IS"

Key facts

• Front porch swing
• Multiple flower beds
• Mountain views

Tags

• MOUNTAIN VIEWS
• FRONT PORCH SWING
• BACK PATIO
• MULTIPLE FLOWER BEDS

Property features AI

Finance

• Other: Property is residential single family

Exterior

• Parking: Gravel and asphalt parking
• Utilities: Public water; Septic tank sewer
• Home design: Single-family residence; One story
• Construction: Block construction
• Exterior features: Front porch; Storm door(s); Storage structure on the property

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Ceiling fan(s)
• Interior features: Insulated windows; Partial basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $92k.

Deal economics

• At list price, monthly cash flow is $325 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $92k).
• Recommended offer: $89k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.5% vs local median 5.2% in Bluefield — 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 56/100 on livability (#265 in WV) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: crime D+, amenities F, commute 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.
• Zoned schools: Bluefield Primary School (346 students, 0% FRL); Bluefield Middle School (math 21% / reading 35%, grade F, #66 of 109 statewide, top 63%, 467 students, 0% FRL); Bluefield High School (math 22% / reading 47%, grade F, #42 of 110 statewide, top 47%, 608 students, 0% FRL) — zoned schools average 0% FRL vs 54% district-wide (54 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 52 active listings in the ZIP; 4 units permitted in Mercer County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $4k of equity ($635 loan paydown + $3k appreciation (3.4% 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 (3.4% appreciation + 3.0% rent growth), your $26k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 9, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 32 days — a 3% lower offer ($89k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $10k; list at $92k implies a 819% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $89,143 (3.0% below list)

Questions for the listing agent

1. It's been on market 32 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. 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?
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: 1.21% ✓
• Cap rate: 10.54%
• Cash-on-cash: 15.16%
• DSCR: 1.67
• GRM: 6.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

3.42% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 22.6%
• Equity multiple: 2.31×
• Total profit: $33,820
• Equity at exit: $43,533

10-year hold

• IRR: 23.2%
• Equity multiple: 4.45×
• Total profit: $88,816
• Equity at exit: $68,862

Cash invested: $25,732 (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 24701

• Home prices YoY: 1.6%
• Active inventory: 52
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,111 medium
• Mortgage (P&I): −$482
• Tax from tax record: −$32 /mo · $388/yr
• Insurance: −$38
• HOA: −$0
• Vacancy / Maint / Mgmt: −$233
• Net cashflow: $325

Break-even live

Break-even rent $699

Max offer price $91,900

Occupancy floor 66%

Sensitivity live

Price	-10% $377	-5% $351	+0% $325	+5% $299	+10% $273
Rent	-10% $237	-5% $281	+0% $325	+5% $369	+10% $413
Rate	-1.0pp $371	-0.5pp $348	base $325	+0.5pp $301	+1.0pp $277

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: $22,975
• Closing costs: $2,757
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-19
   days on market $91,900 Active 32 DOM
2. 2026-06-18
   days on market $91,900 Active 31 DOM
3. 2026-06-17
   days on market $91,900 Active 30 DOM
4. 2026-06-16
   days on market $91,900 Active 29 DOM
5. 2026-06-15
   days on market $91,900 Active 28 DOM
6. 2026-06-14
   days on market $91,900 Active 26 DOM
7. 2026-06-12
   days on market $91,900 Active 25 DOM
8. 2026-06-09
   days on market $91,900 Active 22 DOM
9. 2026-06-08
   days on market $91,900 Active 21 DOM
10. 2026-06-07
    days on market $91,900 Active 20 DOM
11. 2026-06-05
    days on market $91,900 Active 17 DOM
12. 2026-06-02
    days on market $91,900 Active 15 DOM
13. 2026-06-01
    days on market $91,900 Active 14 DOM
14. 2026-05-31
    days on market $91,900 Active 13 DOM
15. 2026-05-30
    days on market $91,900 Active 12 DOM
16. 2026-05-18
    listed $91,900 Active
17. 1999-10-27
    soldstatus $10,000

ⓘ 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: $388 · $32/mo
• Projected year-2 tax: $542 · $45/mo
• Expected delta: +$155/yr (+$13/mo · 39.9%)

ⓘ 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 3/10 Moderate 8 d/yr ≥90°F today · 23 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: $13,331
• − Mortgage interest: −$5,148
• − Property taxes: −$388
• − Insurance: −$460
• − Repairs & maintenance: −$1,066
• − Management: −$1,066
• − Depreciation: −$2,673
• Taxable income: $2,529
• Est. tax owed @ 24.0%: −$607
• After-tax cash flow: $3,294/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 — Bluefield

• Score: 56/100
• State rank: #265
• US rank: #22470

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Mercer County · 33,615 people
• City population: 17,117
• Metro: Bluefield, WV-VA
• Population (ZIP): 17,117
• Household income: $50,455
• Rent vs Own: 31.5% rent · 68.5% own
• Severe rent burden: 302.0

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 (82%)
• Race & ethnicity: White 82% Black 9% Two or more races 7% Hispanic / Latino 2%
• Common ancestry: Slovak 2% Serbian 1% Danish 1%
• Foreign-born: 1%
• Languages at home: 96% English-only · Spanish 3%

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: ▲ 3.42%
• Current HPI: 215.9682
• Rent YoY: —
• Metro: Bluefield, WV-VA
• State GDP YoY: —
• F500 in state: 0

Price history

+819.0% since first listed

2 events — show timeline

• 2026-05-18 Listed $91,900 MTCBOR
• 1999-10-27 Sold (Public Records) $10,000 Public Records

Property tax history

+3.6%/yr

Latest (2025): $388 · -2.5% YoY. Source: county tax records.