207 Willard St · Terra Alta, WV 26764

$84,900

3 bd · 1.0 ba · 1,120 sqft · SingleFamily public records · 172 Days on market

Built 1920 0.26 ac lot Est $124k · 32% under ↓ 11% since listing

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Why this score? — see what drove the A- 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +5.9/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0

Listing remarks

Affordable home with great potential! This budget-friendly property features a natural gas furnace, laminate flooring on the main level, and hardwood floors upstairs that were previously covered by carpet and will need refinishing — a great opportunity to add value. The main level offers a convenient half bath, while the upstairs provides an additional full bath and bedrooms. Outside, enjoy a nice yard with room to relax, garden, or entertain. Additional features include public water, public sewer, and high-speed internet availability, making this home ideal for everyday living, remote work, or investment potential. Whether you’re a first-time buyer, investor, or someone looking

Key facts

• Laminate flooring
• Half bath
• Full bath

Tags

• NATURAL GAS FURNACE
• LAMINATE FLOORING
• HARDWOOD FLOORS
• HALF BATH
• FULL BATH
• PUBLIC WATER

Property features AI

Finance

• Other: Property tax information available
• Financial info: Details not provided
• HOA & community: Details not provided

Exterior

• Parking: Off-street and on-street parking
• Security: Details not provided
• Utilities: Public water; Public sewer; Cable available
• Home design: Detached single-family residence; 2 stories
• Construction: Frame construction with vinyl siding; Metal and shingle roof
• Exterior features: Front porch; Level to sloped lot

Interior

• Kitchen: Details not provided
• Bedrooms: Details not provided
• Flooring: Laminate
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Electric forced-air heating
• Interior features: Laminate flooring; Partial, unfinished walk-out basement
• Laundry & utility: Details not provided

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $85k.

Deal economics

• At list price, monthly cash flow is $1k ($15k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $85k).
• Recommended offer: $75k (12.0% below list) — sets the bar for market timing.
• Cap rate 23.5% vs local median 5.7% in Terra Alta — 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 61/100 on livability (#196 in WV) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, employment F.
• Preston County Schools (rural): math 22% / reading 33% proficiency, ranked #39 of 55 in WV (top 71%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Terra Alta/East Preston School (math 20% / reading 29%, grade F, #287 of 377 statewide, top 85%, 310 students, 0% FRL); Preston High School (math 10% / reading 32%, grade F, #100 of 110 statewide, top 91%, 1,178 students, 0% FRL) — zoned schools average 0% FRL vs 43% district-wide (43 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 97 active listings in the ZIP; 2 units permitted in Preston County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $2k of equity ($587 loan paydown + $1k appreciation (1.7% local appreciation)).
• Preston County population projected to shrink 5% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (1.7% appreciation + 3.0% rent growth), your $24k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 172 days — a 12% lower offer ($75k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $74,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 172 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — 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 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. 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: 2.56% ✓
• Cap rate: 23.54%
• Cash-on-cash: 61.59%
• DSCR: 3.74
• GRM: 3.3

CMA / ARV

• ARV (on-the-fly): $124,320
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
103 Metheny St	0.32mi	3/1.0	1,132 (+1%)	22mo	$74,000	$65	65
117 Sanders St	0.15mi	3/1.5	1,238 (+10%)	14mo	$138,000	$111	62
102 Kermit St	0.33mi	3/1.0	1,008 (-10%)	16mo	$115,000	$114	55
102 Ringer Ave	0.21mi	2/1.0 (-1)	1,001 (-11%)	19mo	$85,000	$85	52
107 Richfield Ln	0.37mi	3/1.5	1,008 (-10%)	20mo	$120,000	$119	47

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

Projected returns pro-forma

1.7% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 65.1%
• Equity multiple: 4.46×
• Total profit: $82,228
• Equity at exit: $32,123

10-year hold

• IRR: 65.7%
• Equity multiple: 9.05×
• Total profit: $191,264
• Equity at exit: $45,231

Cash invested: $23,772 (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 26764

• Home prices YoY: 0.6%
• Active inventory: 97
• Price-to-rent: 3.3×

Monthly cashflow live

• Estimated rent: $2,174 medium
• Mortgage (P&I): −$445
• Tax from tax record: −$17 /mo · $205/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$457
• Net cashflow: $1,220

Break-even live

Break-even rent $630

Max offer price $84,900

Occupancy floor 39%

Sensitivity live

Price	-10% $1,268	-5% $1,244	+0% $1,220	+5% $1,196	+10% $1,172
Rent	-10% $1,048	-5% $1,134	+0% $1,220	+5% $1,306	+10% $1,392
Rate	-1.0pp $1,263	-0.5pp $1,242	base $1,220	+0.5pp $1,198	+1.0pp $1,176

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: $21,225
• Closing costs: $2,547
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-19
   days on market $84,900 Active 172 DOM
2. 2026-06-18
   days on market $84,900 Active 171 DOM
3. 2026-06-17
   days on market $84,900 Active 170 DOM
4. 2026-06-16
   days on market $84,900 Active 169 DOM
5. 2026-06-15
   days on market $84,900 Active 168 DOM
6. 2026-06-14
   days on market $84,900 Active 166 DOM
7. 2026-06-13
   days on market $84,900 Active 165 DOM
8. 2026-06-10
   days on market $84,900 Active 163 DOM
9. 2026-06-09
   days on market $84,900 Active 162 DOM
10. 2026-06-08
    days on market $84,900 Active 161 DOM
11. 2026-06-07
    days on market $84,900 Active 160 DOM
12. 2026-06-03
    days on market $84,900 Active 156 DOM
13. 2026-06-02
    days on market $84,900 Active 155 DOM
14. 2026-06-01
    days on market $84,900 Active 154 DOM
15. 2026-05-31
    days on market $84,900 Active 153 DOM
16. 2026-05-30
    days on market $84,900 Active 152 DOM
17. 2026-05-18
    historical Active Under Contract
18. 2026-04-10
    price $84,900
19. 2025-12-29
    listed $95,000 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: $205 · $17/mo
• Projected year-2 tax: $501 · $42/mo
• Expected delta: +$296/yr (+$25/mo · 143.9%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥88°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,094
• − Mortgage interest: −$4,756
• − Property taxes: −$205
• − Insurance: −$424
• − Repairs & maintenance: −$2,088
• − Management: −$2,088
• − Depreciation: −$2,470
• Taxable income: $14,064
• Est. tax owed @ 24.0%: −$3,375
• After-tax cash flow: $11,266/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: Preston County Schools
• NCES district ID: 5401170
• Math proficiency: 22% ▼ -8.00%
• Reading proficiency: 33% ▼ -6.00%
• Median HH income: $43,997
• Composite: 23.51/100
• National rank: #7869
• State rank: #39 of 55 in WV

Livability — Terra Alta

• Score: 61/100
• State rank: #196
• US rank: #17622

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Terra Alta, WV
• Population (ZIP): 4,349

Population outlook (Preston County) Hauer SSP2

• Today (2025): 33,786 people
• By 2030: 33,618 · -0.5%
• By 2040: 32,953 · -2.5%
• By 2050: 32,131 · -4.9%
• By 2075: 30,774 · -8.9%
• By 2100: 27,037 · -20.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Two or more races 7%
• Common ancestry: Slovak 4% Italian 2% Lithuanian 2%
• Foreign-born: 0%

Political lean MEDSL · Preston

• 2024 margin: Solid R (+57.0) · D 20.5% · R 77.5% · Other 2.1%
• 2008→2024 swing: -30.5pp toward R · 2008: -26.5pp · 2024: -57.0pp
• All cycles: 2024: R+57.0 2020: R+55.1 2016: R+55.8 2012: R+44.4 2008: R+26.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 1.70%
• Current HPI: 294.2344
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

-10.6% since first listed

3 events — show timeline

• 2026-05-18 Contingent — NCWVREIN
• 2026-04-10 Price Changed $84,900 NCWVREIN
• 2025-12-29 Listed $95,000 NCWVREIN

Property tax history

+3.3%/yr

Latest (2025): $205 · -32.8% YoY. Source: county tax records.