72 Warwood Ave · Wheeling, WV 26003

$74,900

3 bd · 1.0 ba · 667 sqft · SingleFamily public records · 188 Days on market

Built 1992 0.30 ac lot $112/sqft · 25% below area Est $99k · 25% under ↓ 5% since listing

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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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.9/10.0
• Schools +3.5/10.0
• Livability +3.5/5.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This charming 2-bedroom home has been completely transformed. Recently gutted and fully renovated, it now features brand-new flooring throughout, fresh interior paint, modern light fixtures, and beautifully updated kitchen and bath spaces. Every major interior surface has been refreshed, giving the home a clean, contemporary feel. This property offers an affordable opportunity with strong potential. It's ideal for an investor looking for a turnkey rental or for a buyer seeking a budget-friendly home that's already been fully updated, plus a newer windows, furnace and hot water tank. With all the major improvements done, it's move-in ready and easy to maintain—perfect for maximizing value.

Key facts

• Fully renovated
• Updated bath
• Newer furnace

Tags

• FULLY RENOVATED
• UPDATED KITCHEN
• UPDATED BATH
• NEWER WINDOWS
• NEWER FURNACE
• NEWER HOT WATER TANK

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $296 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($964 rent vs $75k).
• Recommended offer: $66k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.0% vs local median 4.3% in Wheeling — 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 69/100 on livability (#74 in WV) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A-; Watch: crime F, amenities F, commute F.
• Ohio County Schools (urban): math 34% / reading 49% proficiency, ranked #5 of 55 in WV (top 9%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+3.0%/yr); 223 active listings in the ZIP; 2 units permitted in Ohio County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $518 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Ohio County population projected at -17% 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 $21k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 188 days — a 12% lower offer ($66k) is reasonable based on typical stale-listing flexibility.

Recommended offer $65,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 188 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. Crime grade is F 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: 1.29% ✓
• Cap rate: 11.04%
• Cash-on-cash: 16.96%
• DSCR: 1.75
• GRM: 6.5

CMA / ARV

• ARV (median comp): $99,335
• List price: $74,900
• Delta: -24.60%
• Verdict: UNDERPRICED
• Comps: 7 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1309 7th St N	0.73mi	2/1.0 (-1)	636 (-5%)	10mo	$97,000	$153	44

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

Projected returns pro-forma

-3.0% appreciation · 3.03% rent growth · sell at horizon

5-year hold

• IRR: 8.2%
• Equity multiple: 1.32×
• Total profit: $6,751
• Equity at exit: $11,168

10-year hold

• IRR: 17.5%
• Equity multiple: 2.44×
• Total profit: $30,234
• Equity at exit: $6,476

Cash invested: $20,972 (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 26003

• Home prices YoY: -23.4%
• Rents YoY: 3.0%
• Active inventory: 223
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $964 medium
• Mortgage (P&I): −$393
• Tax from tax record: −$41 /mo · $494/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$202
• Net cashflow: $296

Break-even live

Break-even rent $589

Max offer price $74,900

Occupancy floor 64%

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: $18,725
• Closing costs: $2,247
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-19
   days on market $74,900 Active 188 DOM
2. 2026-06-18
   days on market $74,900 Active 187 DOM
3. 2026-06-17
   days on market $74,900 Active 186 DOM
4. 2026-06-16
   days on market $74,900 Active 185 DOM
5. 2026-06-15
   days on market $74,900 Active 184 DOM
6. 2026-06-14
   days on market $74,900 Active 182 DOM
7. 2026-06-12
   days on market $74,900 Active 181 DOM
8. 2026-06-09
   days on market $74,900 Active 178 DOM
9. 2026-06-08
   days on market $74,900 Active 177 DOM
10. 2026-06-07
    days on market $74,900 Active 176 DOM
11. 2026-06-05
    days on market $74,900 Active 173 DOM
12. 2026-06-03
    days on market $74,900 Active 172 DOM
13. 2026-06-02
    days on market $74,900 Active 171 DOM
14. 2026-06-01
    days on market $74,900 Active 170 DOM
15. 2026-05-31
    days on market $74,900 Active 169 DOM
16. 2026-05-30
    days on market $74,900 Active 168 DOM
17. 2026-05-07
    price $74,900 703-char remark

    Show marketing remark (703 chars)

    This charming 2-bedroom home has been completely transformed. Recently gutted and fully renovated, it now features brand-new flooring throughout, fresh interior paint, modern light fixtures, and beautifully updated kitchen and bath spaces. Every major interior surface has been refreshed, giving the home a clean, contemporary feel. This property offers an affordable opportunity with strong potential. It's ideal for an investor looking for a turnkey rental or for a buyer seeking a budget-friendly home that's already been fully updated, plus a newer windows, furnace and hot water tank. With all the major improvements done, it's move-in ready and easy to maintain—perfect for maximizing value.

18. 2025-12-11
    listed $79,000 Active 703-char remark

    Show marketing remark (703 chars)

    This charming 2-bedroom home has been completely transformed. Recently gutted and fully renovated, it now features brand-new flooring throughout, fresh interior paint, modern light fixtures, and beautifully updated kitchen and bath spaces. Every major interior surface has been refreshed, giving the home a clean, contemporary feel. This property offers an affordable opportunity with strong potential. It's ideal for an investor looking for a turnkey rental or for a buyer seeking a budget-friendly home that's already been fully updated, plus a newer windows, furnace and hot water tank. With all the major improvements done, it's move-in ready and easy to maintain—perfect for maximizing value.

ⓘ 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: $494 · $41/mo
• Projected year-2 tax: $494 · $41/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $11,567
• − Mortgage interest: −$4,196
• − Property taxes: −$494
• − Insurance: −$374
• − Repairs & maintenance: −$925
• − Management: −$925
• − Depreciation: −$2,179
• Taxable income: $2,474
• Est. tax owed @ 24.0%: −$594
• After-tax cash flow: $2,963/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: Ohio County Schools
• NCES district ID: 5401050
• Math proficiency: 34% ▼ -9.00%
• Reading proficiency: 49% ▼ -6.00%
• Median HH income: $41,572
• Composite: 34.88/100
• National rank: #5085
• State rank: #5 of 55 in WV

Livability — Wheeling

• Score: 69/100
• State rank: #74
• US rank: #8950

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wheeling, WV
• County: Ohio County · 39,982 people
• City population: 39,982
• Metro: Wheeling, WV-OH
• Population (ZIP): 39,982
• Household income: $57,703
• Rent vs Own: 32.5% rent · 67.5% own
• Severe rent burden: 1630.0

Population outlook (Ohio County) Hauer SSP2

• Today (2025): 40,604 people
• By 2030: 39,150 · -3.6%
• By 2040: 36,039 · -11.2%
• By 2050: 33,582 · -17.3%
• By 2075: 28,662 · -29.4%
• By 2100: 22,963 · -43.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 6% Black 3% Hispanic / Latino 2%
• Common ancestry: Romanian 6% Serbian 3% Slovak 2%
• Foreign-born: 3% · Canada
• Languages at home: 97% English-only · Other Indo-European 1% Spanish 1% German/W. Germanic 1%

Political lean MEDSL · Ohio

• 2024 margin: Strong R (+26.0) · D 36.0% · R 62.0% · Other 2.0%
• 2008→2024 swing: -15.3pp toward R · 2008: -10.8pp · 2024: -26.0pp
• All cycles: 2024: R+26.0 2020: R+25.8 2016: R+31.6 2012: R+22.5 2008: R+10.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -68.09%
• Current HPI: 223.4106
• Rent YoY: ▲ 3.03%
• Metro: Wheeling, WV-OH
• State GDP YoY: —
• F500 in state: 0

Price history

-5.2% since first listed

2 events — show timeline

• 2026-05-07 Price Changed $74,900 WBOR
• 2025-12-11 Listed $79,000 WBOR

Property tax history

+0.3%/yr

Latest (2025): $494 · +3.7% YoY. Source: county tax records.