1006 Third Ave · New Cumberland, WV 26047

$142,000

3 bd · 1.5 ba · 1,557 sqft · SingleFamily public records · 48 Days on market

Built 1948 6,969 sqft lot Est $139k · at est. ↓ 3% since listing

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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 +9.8/30.0
• Appreciation +7.7/10.0
• ARV discount +6.4/15.0
• Livability +3.6/5.0
• Schools +3.4/10.0
• DSCR +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.7/10.0

Listing remarks

Charming 3-bedroom, 1.5-bath brick Cape Cod on a quiet dead-end street, set on a nice lot with a detached garage. Highlights include a welcoming entry foyer, spacious living room, and an equipped eat-in kitchen with access to a private backyard and covered patio. Two main-floor bedrooms feature hardwood floors, with a large upper-level bedroom plus a versatile bonus room ideal for a home office, den, library or possible 4th Bedroom. Enjoy low West Virginia property taxes and convenient access to Robinson Township, Pittsburgh International Airport, a state park, casino/racetrack, and the PA/OH borders.

Key facts

• Private backyard
• Entry foyer
• Covered patio

Tags

• DETACHED GARAGE
• PRIVATE BACKYARD
• COVERED PATIO
• ENTRY FOYER
• EQUIPPED EAT-IN KITCHEN
• VERSATILE BONUS ROOM

Property features AI

Finance

• Other: Above-grade finished area recorded by assessor

Exterior

• Parking: Detached 1-car garage; Driveway and on-street parking
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer
• Home design: Two-story brick home; Shingle/asphalt fiberglass roof; Block foundation
• Construction: Brick construction; Built (year source: Assessor)
• Exterior features: Front porch; Covered rear porch; Lot approximately 60 x 120

Interior

• Kitchen: Equipped eat-in kitchen; Range; Microwave; Refrigerator; Dishwasher
• Bedrooms: Two main-level bedrooms; Additional large second-level bedroom with storage
• Flooring: Carpet in living room, foyer, and bonus room; Hardwood in two bedrooms; Tile and ceramic tile in kitchen, bedroom, and bathroom areas
• Bathrooms: One full bathroom; One half bathroom; One main-level bathroom
• Heating & cooling: Forced air gas heating; Central air conditioning
• Interior features: Entrance foyer; Eat-in kitchen; High speed internet; Full basement with interior entry
• Laundry & utility: Washer and dryer; Laundry located in basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $142k.

Deal economics

• At list price, monthly cash flow is $-90 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $126k (11.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $96k (32.7% below list).
• Recommended offer: $96k (32.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 72/100 on livability (#45 in WV) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, health & safety A+; Watch: schools F, amenities F, commute F.
• Hancock County Schools (urban): math 37% / reading 43% proficiency, ranked #7 of 55 in WV (top 13%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 25 active listings in the ZIP; 15 units permitted in Hancock County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $9k of equity ($982 loan paydown + $8k appreciation (5.4% local appreciation)).
• Hancock County population projected at -15% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• By year 5, paydown + projected appreciation supports a ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 48 days — a 3% lower offer ($138k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $95,570 (32.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 48 days. Have you received any prior offers? Is the seller open to a 33% concession, seller financing, or rate buy-down credit?
3. Built in 1948 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 0.67% ✗
• Cap rate: 5.53%
• Cash-on-cash: -2.71%
• DSCR: 0.88
• GRM: 12.4

CMA / ARV

• ARV (on-the-fly): $138,573
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
923 Second Ave	0.13mi	3/1.5	1,660 (+7%)	19mo	$147,900	$89	67
822 Second Ave	0.21mi	3/1.0	1,461 (-6%)	23mo	$20,000	$14	59

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

5.37% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 11.5%
• Equity multiple: 1.75×
• Total profit: $29,998
• Equity at exit: $83,719

10-year hold

• IRR: 12.6%
• Equity multiple: 3.37×
• Total profit: $94,155
• Equity at exit: $147,248

Cash invested: $39,760 (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 26047

• Home prices YoY: 3.2%
• Active inventory: 25
• Price-to-rent: 12.4×

Monthly cashflow live

• Estimated rent: $956 medium
• Mortgage (P&I): −$745
• Tax from tax record: −$41 /mo · $491/yr
• Insurance: −$59
• HOA: −$0
• Vacancy / Maint / Mgmt: −$201
• Net cashflow: $-90

Break-even live

Break-even rent $1,069

Max offer price $126,147

Occupancy floor —

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: $35,500
• Closing costs: $4,260
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-19
   days on market $142,000 Active 48 DOM
2. 2026-06-18
   days on market $142,000 Active 47 DOM
3. 2026-06-17
   days on market $142,000 Active 46 DOM
4. 2026-06-16
   days on market $142,000 Active 45 DOM
5. 2026-06-15
   days on market $142,000 Active 44 DOM
6. 2026-06-14
   days on market $142,000 Active 42 DOM
7. 2026-06-12
   days on market $142,000 Active 41 DOM
8. 2026-06-09
   days on market $142,000 Active 38 DOM
9. 2026-06-08
   days on market $142,000 Active 37 DOM
10. 2026-06-07
    days on market $142,000 Active 36 DOM
11. 2026-06-07
    days on market $142,000 Active 35 DOM
12. 2026-06-04
    days on market $142,000 Active 32 DOM
13. 2026-06-02
    days on market $142,000 Active 31 DOM
14. 2026-06-01
    days on market $142,000 Active 30 DOM
15. 2026-05-31
    days on market $142,000 Active 29 DOM
16. 2026-05-31
    days on market $142,000 Active 28 DOM
17. 2026-05-21
    price $142,000
18. 2026-05-01
    listed $146,500 Active

ⓘ 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: $491 · $41/mo
• Projected year-2 tax: $838 · $70/mo
• Expected delta: +$347/yr (+$29/mo · 70.6%)

ⓘ 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 3/10 Moderate 7 d/yr ≥96°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,468
• − Mortgage interest: −$7,954
• − Property taxes: −$491
• − Insurance: −$710
• − Repairs & maintenance: −$917
• − Management: −$917
• − Depreciation: −$4,131
• Taxable loss: −$3,653
• Est. tax savings @ 24.0%: +$877
• After-tax cash flow: $-200/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: Hancock County Schools
• NCES district ID: 5400450
• Math proficiency: 37% ▼ -11.00%
• Reading proficiency: 43% ▼ -5.00%
• Median HH income: $39,803
• Composite: 33.5/100
• National rank: #5445
• State rank: #7 of 55 in WV

Livability — New Cumberland

• Score: 72/100
• State rank: #45
• US rank: #5823

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New Cumberland, WV
• County: Hancock · 5,404 people
• Metro: Weirton-Steubenville, WV-OH
• Population (ZIP): 5,404
• Household income: $63,403
• Rent vs Own: 22.6% rent · 77.4% own
• Severe rent burden: 2.4

Population outlook (Hancock County) Hauer SSP2

• Today (2025): 28,704 people
• By 2030: 27,913 · -2.8%
• By 2040: 26,078 · -9.1%
• By 2050: 24,521 · -14.6%
• By 2075: 21,630 · -24.6%
• By 2100: 17,867 · -37.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 6% Hispanic / Latino 2%
• Common ancestry: Romanian 4% Iranian 3% Slovak 2%
• Foreign-born: 0%

Political lean MEDSL · Hancock

• 2024 margin: Solid R (+46.8) · D 25.8% · R 72.6% · Other 1.6%
• 2008→2024 swing: -31.6pp toward R · 2008: -15.2pp · 2024: -46.8pp
• All cycles: 2024: R+46.8 2020: R+43.6 2016: R+44.5 2012: R+21.6 2008: R+15.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 5.37%
• Current HPI: 172.3905
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

-3.1% since first listed

2 events — show timeline

• 2026-05-21 Price Changed $142,000 MLSNOW
• 2026-05-01 Listed $146,500 MLSNOW

Property tax history

+6.1%/yr

Latest (2025): $491 · +3.8% YoY. Source: county tax records.