14 White Lamb Ln · Elkins, WV 26241

$35,900

3 bd · 2.0 ba · 768 sqft · SingleFamily · 112 Days on market

Built 1945 Poor condition 0.34 ac lot $47/sqft · 58% below area ↓ 55% since listing

---

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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +1.0/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Blank slate! This property is ready to be your next investment property! The potential is limitless and location is ideal! It is close to everything you could need! Don't let this opportunity pass you by!

Key facts

• 0.34 acre lot
• Built 1945
• Listed 112 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $36k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $408 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($915 rent vs $36k).
• Recommended offer: $33k (9.0% below list) — sets the bar for market timing.
• Cap rate 22.2% vs local median 3.7% in Elkins — 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 74/100 on livability (#34 in WV, #4,824 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: commute F, employment F.
• Randolph County Schools (town): math 24% / reading 35% proficiency, ranked #33 of 55 in WV (top 60%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 85 active listings in the ZIP; 3 units permitted in Randolph County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $248 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Randolph County population projected at -13% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $10k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 112 days — a 9% lower offer ($33k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 8y ago; this cycle's ask has dropped $9k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1945 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $32,669 (9.0% below list)

Questions for the listing agent

1. It's been on market 112 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1945 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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.
9. 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.
10. 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: 2.55% ✓
• Cap rate: 22.15%
• Cash-on-cash: 56.64%
• DSCR: 3.52
• GRM: 3.3

CMA / ARV

• ARV (median comp): $86,493
• List price: $35,900
• Delta: -58.49%
• Verdict: UNDERPRICED
• Comps: 4 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 46.3%
• Equity multiple: 3.01×
• Total profit: $20,225
• Equity at exit: $5,353

10-year hold

• IRR: 52.1%
• Equity multiple: 6.10×
• Total profit: $51,297
• Equity at exit: $3,104

Cash invested: $10,052 (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 26241

• Home prices YoY: -32.8%
• Active inventory: 85
• Price-to-rent: 3.3×

Monthly cashflow live

• Estimated rent: $915 medium
• Mortgage (P&I): −$188
• Tax est. 1.5%: −$45 /mo · $538/yr
• Insurance: −$15
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$192
• Net cashflow: $408

Break-even live

Break-even rent $398

Max offer price $35,900

Occupancy floor 50%

Sensitivity live

Price	-10% $433	-5% $420	+0% $408	+5% $396	+10% $383
Rent	-10% $336	-5% $372	+0% $408	+5% $444	+10% $480
Rate	-1.0pp $426	-0.5pp $417	base $408	+0.5pp $399	+1.0pp $389

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: $8,975
• Closing costs: $1,077
• Reserves months: —
• Total cash needed: —

Listing history 24 events

1. 2026-06-21
   days on market $35,900 Active 112 DOM
2. 2026-06-18
   days on market $35,900 Active 110 DOM
3. 2026-06-17
   days on market $35,900 Active 109 DOM
4. 2026-06-16
   days on market $35,900 Active 108 DOM
5. 2026-06-15
   days on market $35,900 Active 107 DOM
6. 2026-06-15
   days on market $35,900 Active 106 DOM
7. 2026-06-13
   days on market $35,900 Active 105 DOM
8. 2026-06-12
   days on market $35,900 Active 104 DOM
9. 2026-06-09
   days on market $35,900 Active 101 DOM
10. 2026-06-08
    days on market $35,900 Active 100 DOM
11. 2026-06-08
    days on market $35,900 Active 99 DOM
12. 2026-06-07
    days on market $35,900 Active 98 DOM
13. 2026-06-04
    days on market $35,900 Active 96 DOM
14. 2026-06-03
    days on market $35,900 Active 95 DOM
15. 2026-06-02
    days on market $35,900 Active 94 DOM
16. 2026-06-01
    days on market $35,900 Active 93 DOM
17. 2026-05-31
    days on market $35,900 Active 92 DOM
18. 2026-05-13
    price $35,900 204-char remark

    Show marketing remark (204 chars)

    Blank slate! This property is ready to be your next investment property! The potential is limitless and location is ideal! It is close to everything you could need! Don't let this opportunity pass you by!

19. 2026-04-17
    price $37,900 204-char remark

    Show marketing remark (204 chars)

    Blank slate! This property is ready to be your next investment property! The potential is limitless and location is ideal! It is close to everything you could need! Don't let this opportunity pass you by!

20. 2026-04-03
    price $39,900 204-char remark

    Show marketing remark (204 chars)

    Blank slate! This property is ready to be your next investment property! The potential is limitless and location is ideal! It is close to everything you could need! Don't let this opportunity pass you by!

21. 2026-03-17
    price $41,900 204-char remark

    Show marketing remark (204 chars)

    Blank slate! This property is ready to be your next investment property! The potential is limitless and location is ideal! It is close to everything you could need! Don't let this opportunity pass you by!

22. 2026-03-01
    listed $44,900 Active 204-char remark

    Show marketing remark (204 chars)

    Blank slate! This property is ready to be your next investment property! The potential is limitless and location is ideal! It is close to everything you could need! Don't let this opportunity pass you by!

23. 2018-08-17
    soldstatus $79,000 173-char remark

    Show marketing remark (173 chars)

    Cozy home on a large lot near schools and shopping. Beautiful hardwood floors, new windows and hot water tank. Great starter home! Bonus room for storage, crafts or hobbies.

24. 2018-02-26
    listed $79,999 173-char remark

    Show marketing remark (173 chars)

    Cozy home on a large lot near schools and shopping. Beautiful hardwood floors, new windows and hot water tank. Great starter home! Bonus room for storage, crafts or hobbies.

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

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥89°F today · 20 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: $10,976
• − Mortgage interest: −$2,011
• − Property taxes: −$538
• − Insurance: −$977
• − Repairs & maintenance: −$878
• − Management: −$878
• − Depreciation: −$1,044
• Taxable income: $4,649
• Est. tax owed @ 24.0%: −$1,116
• After-tax cash flow: $3,781/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.

Condition & rehab AI · 12 photos

Poor 20/100 Extensive rehab

This property requires extensive repairs and renovations to be habitable and marketable. The broken windows, disassembled kitchen and bath, and exposed flooring are major issues that need immediate attention.

Repairs flagged

• Major broken windows — Structural damage
• Major disassembled kitchen and bath — Structural damage
• Major exposed flooring — Structural damage

Value-add opportunities

• Both new windows — Safety and energy efficiency
• Both new flooring — Safety and energy efficiency
• Both new kitchen and bath fixtures — Safety and energy efficiency

Renovation cost estimate screening

Repair item	Severity	Est. cost
broken windows · Structural damage	Major	$15,000–50,000
disassembled kitchen and bath · Structural damage	Major	$15,000–50,000
exposed flooring · Structural damage	Major	$15,000–50,000
Total estimated repair cost · 3 items		$45,000–150,000

Value-add ROI direction

• Both new windows — Safety and energy efficiency ↑
• Both new flooring — Safety and energy efficiency ↑
• Both new kitchen and bath fixtures — Safety and energy efficiency ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Randolph County Schools
• NCES district ID: 5401260
• Math proficiency: 24% ▼ -5.00%
• Reading proficiency: 35% ▼ -2.00%
• Median HH income: $37,907
• Composite: 24.6/100
• National rank: #7633
• State rank: #33 of 55 in WV

Livability — Elkins

• Score: 74/100
• State rank: #34
• US rank: #4824

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 14,221

Population outlook (Randolph County) Hauer SSP2

• Today (2025): 28,286 people
• By 2030: 27,558 · -2.6%
• By 2040: 25,970 · -8.2%
• By 2050: 24,529 · -13.3%
• By 2075: 21,645 · -23.5%
• By 2100: 17,349 · -38.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Two or more races 9% Hispanic / Latino 2% Black 1%
• Common ancestry: Slovak 4% Lithuanian 1% Serbian 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 2%

Political lean MEDSL · Randolph

• 2024 margin: Solid R (+46.1) · D 25.9% · R 72.1% · Other 2.0%
• 2008→2024 swing: -32.1pp toward R · 2008: -14.0pp · 2024: -46.1pp
• All cycles: 2024: R+46.1 2020: R+43.5 2016: R+44.9 2012: R+29.1 2008: R+14.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -70.60%
• Current HPI: 144.7471
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

-55.1% since first listed

7 events — show timeline

• 2026-05-13 Price Changed $35,900 NCWVREIN
• 2026-04-17 Price Changed $37,900 NCWVREIN
• 2026-04-03 Price Changed $39,900 NCWVREIN
• 2026-03-17 Price Changed $41,900 NCWVREIN
• 2026-03-01 Listed $44,900 NCWVREIN
• 2018-08-17 Sold (MLS) $79,000 NCWVREIN
• 2018-02-26 Listed $79,999 NCWVREIN