131 Dupre Ave · Norfolk, VA 23503

$287,000

4 bd · 2.0 ba · 2,220 sqft · SingleFamily public records · 1 Days on market

Built 1967 Est $455k · 37% under

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Why this score? — see what drove the C 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 +18.8/30.0
• ARV discount +15.0/15.0
• DSCR +5.9/10.0
• 1% rule +4.9/10.0
• Livability +4.2/5.0
• Rent growth +3.7/5.0
• Schools +3.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

* * Investor Special * * Priced well below ARV/market value, leaving lots of room for updates and resale. Hardwood floors throughout majority of home, excellent layout, repaved front walk, and spacious back yard. Fully fence around yard is approximately only 2 years old. Walkway to house has been repaved. Home listed as-is, any home inspections for informational purposes only. Flexible showing times available, and sellers open to a quick close.

Key facts

• Spacious back yard
• Walkway to house
• Repaved front walk

Tags

• HARDWOOD FLOORS
• REPAVED FRONT WALK
• SPACIOUS BACK YARD
• FULLY FENCED YARD
• WALKWAY TO HOUSE

Property features AI

Finance

• HOA & community: No HOA fees

Exterior

• Parking: Off-street parking including driveway space, street parking (1 space)
• Utilities: City/County water; City/County sewer; Electric water heater; Natural gas for heating; Central air
• Home design: Detached home; Cape Cod / Traditional style; 2 stories (2 living levels); Crawl space foundation; Simple ownership
• Construction: Brick and vinyl construction; Crawl foundation; Asphalt shingle roof
• Exterior features: Brick and vinyl siding; Full wood fence with fenced backyard; Asphalt shingle roof; Fixer upper

Interior

• Kitchen: Electric range; Disposal; Energy Star appliance(s)
• Bedrooms: Master bedroom; Additional bedroom; Bedroom and full bathroom on the first floor
• Flooring: Carpet; Laminate; Wood
• Bathrooms: 2 full bathrooms
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: Cedar closet; Wood-burning fireplace; Pull-down attic stairs; Window treatments
• Laundry & utility: Washer hookup; Utility room; Pantry

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $287k.

Deal economics

• At list price, monthly cash flow is $287 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $284k (0.9% below list).
• Recommended offer: $284k (0.9% below list) — sets the bar for 1% rule.
• Cap rate 7.5% vs local median 4.0% in Norfolk — 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 83/100 on livability (#43 in VA, #1,026 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, health & safety A+; Watch: employment C-, crime F.
• Norfolk City Public School District (urban): math 27% / reading 56% proficiency, ranked #118 of 131 in VA (top 90%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Ocean View Elementary (math 20% / reading 53%, grade F, #953 of 1,108 statewide, top 86%, 456 students, 98% FRL); Granby High (math 33% / reading 80%, grade C, #270 of 319 statewide, top 86%, 1,837 students, 94% FRL) — zoned schools average 96% FRL vs 59% district-wide (37 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+4.8%/yr); 192 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 55% of comp listings sitting > 30 days — soft ceiling on asking rent; 438 units permitted in Norfolk city in 2024 (273 in 5+ unit buildings).
• At $2,843/mo this rent would consume 50% of the median local household income ($68k/yr) (locally 1948% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $50k; list at $287k implies a 474% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $284,311 (0.9% below list)

Questions for the listing agent

1. Built in 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are A-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?
4. 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?
5. 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.
6. 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.
7. 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: 0.99% ✗
• Cap rate: 7.49%
• Cash-on-cash: 4.28%
• DSCR: 1.19
• GRM: 8.4

CMA / ARV

• ARV (on-the-fly): $455,100
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
9269 1st View St	0.40mi	4/2.5	2,280 (+3%)	3mo	$440,000	$193	72
9418 Atwood Ave	0.44mi	4/2.0	2,081 (-6%)	5mo	$215,000	$103	65
333 W Government Ave	0.40mi	4/3.0	2,059 (-7%)	1mo	$435,000	$211	64
226 Lenox Ave	0.38mi	5/3.0 (+1)	2,076 (-6%)	4mo	$425,000	$205	59
9546 1st View St	0.21mi	3/2.5 (-1)	1,900 (-14%)	1mo	$460,000	$242	59
145 Maple Ave	0.26mi	3/2.0 (-1)	1,900 (-14%)	2mo	$383,340	$202	58
407 W Government Ave	0.51mi	4/2.5	2,002 (-10%)	2mo	$443,000	$221	56
191 W Ocean Ave	0.68mi	4/2.5	2,156 (-3%)	7mo	$425,000	$197	55
9253 Marlow Ave	0.45mi	4/2.0	1,900 (-14%)	5mo	$340,000	$179	51
501 E Government Ave	0.38mi	5/2.5 (+1)	2,500 (+13%)	8mo	$515,000	$206	48
177 W Bay Ave	0.72mi	4/2.0	1,914 (-14%)	4mo	$435,000	$227	40
9233 Atwood Ave	0.64mi	5/3.0 (+1)	2,541 (+14%)	2mo	$405,000	$159	36

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 · 4.76% rent growth · sell at horizon

5-year hold

• IRR: -7.7%
• Equity multiple: 0.71×
• Total profit: $-23,105
• Equity at exit: $42,793

10-year hold

• IRR: 4.0%
• Equity multiple: 1.31×
• Total profit: $25,287
• Equity at exit: $24,815

Cash invested: $80,360 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 55 Moderately Landlord-Leaning
• State Virginia: 55 Moderately Landlord-Leaning · D+2
• County: — inherits STATE
• City: — inherits STATE

VRLTA gives some tenant protections; Northern Virginia courts slower; rural VA landlord-leaning.

Methodology + full state rankings →

ZIP-level market 23503

• Home prices YoY: -19.9%
• Rents YoY: 4.8%
• Active inventory: 192
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $2,843 high
• Mortgage (P&I): −$1,505
• Tax from tax record: −$335 /mo · $4,018/yr
• Insurance: −$120
• HOA: −$0
• Vacancy / Maint / Mgmt: −$597
• Net cashflow: $287

Break-even live

Break-even rent $2,480

Max offer price $287,000

Occupancy floor 85%

Sensitivity live

Price	-10% $449	-5% $368	+0% $287	+5% $205	+10% $124
Rent	-10% $62	-5% $174	+0% $287	+5% $399	+10% $511
Rate	-1.0pp $431	-0.5pp $360	base $287	+0.5pp $212	+1.0pp $137

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: $71,750
• Closing costs: $8,610
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9385 Pine Tree Rd Norfolk, VA	4.0	2.5	2200	$3,600	$1.64	24d	1	0.13mi
220 E Randall Ave Norfolk, VA	3.0	1.5	1500	$2,300	$1.53	21d	1	0.48mi
432 E Gilpin Ave Norfolk, VA	4.0	2.5	2202	$3,200	$1.45	11d	1	0.51mi
9228 1st View St Norfolk, VA	4.0	2.5	2178	$3,250	$1.49	8d	1	0.51mi
9708 Ship Watch Rd Norfolk, VA	4.0	3.5	2112	$3,300	$1.56	24d	1	0.53mi
130 E Ocean Ave Norfolk, VA	3.0	2.0	1563	$2,500	$1.60	13d	1	0.57mi
324 E Leicester Ave Norfolk, VA	4.0	1.0	1600	$2,100	$1.31	44d	1	0.57mi
719 E Ocean View Ave Norfolk, VA	3.0	2.0	1503	$2,700	$1.80	44d	1	0.64mi
424 E Ocean Ave Norfolk, VA	4.0	2.0	1953	$2,650	$1.36	44d	1	0.65mi
362 Ridgewell Ave Norfolk, VA	4.0	1.0	1700	$1,850	$1.09	44d	1	0.71mi
121 Winshire St Norfolk, VA	3.0	2.0	1440	$2,200	$1.53	44d	1	0.73mi
9429 Chesapeake St Norfolk, VA	3.0	2.0	1600	$2,500	$1.56	44d	1	0.78mi
937 E Ocean View Ave Norfolk, VA	4.0	2.5	2395	$3,500	$1.46	24d	1	0.86mi
9414 Atlans St Norfolk, VA	4.0	2.5	2412	$3,300	$1.37	44d	1	0.90mi
8634 Granby St Norfolk, VA	3.0	2.0	1500	$1,950	$1.30	18d	1	1.09mi
415 Fresh Meadow Rd Norfolk, VA	4.0	2.0	2273	$3,200	$1.41	44d	1	1.11mi
619 Earl St Norfolk, VA	4.0	2.0	1428	$2,395	$1.68	44d	1	1.12mi
8507 Chapin St Norfolk, VA	4.0	2.0	1550	$2,400	$1.55	44d	1	1.35mi
9408 Willow Ct Norfolk, VA	3.0	2.0	2000	$2,950	$1.48	44d	1	1.44mi
1420 E Ocean View Ave Norfolk, VA	3.0	2.5	1465	$2,300	$1.57	24d	1	1.45mi

Listing history 2 events

1. 2026-06-07
   remarks 451-char remark
2. 2026-06-07
   listed $287,000 Under Contract 1 DOM

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

Tax reassessment forecast VA · Resets to sale price

• Current annual tax: $4,018 · $335/mo
• Projected year-2 tax: $4,018 · $335/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 21% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥104°F today · 16 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $34,117
• − Mortgage interest: −$16,076
• − Property taxes: −$4,018
• − Insurance: −$1,435
• − Repairs & maintenance: −$2,729
• − Management: −$2,729
• − Depreciation: −$8,349
• Taxable loss: −$1,220
• Est. tax savings @ 24.0%: +$293
• After-tax cash flow: $3,731/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: Norfolk City Public School District
• NCES district ID: 5102670
• Math proficiency: 27% ▼ -44.00%
• Reading proficiency: 56% ▼ -10.00%
• Median HH income: $44,358
• Composite: 35.08/100
• National rank: #5026
• State rank: #118 of 131 in VA

Livability — Norfolk

• Score: 83/100
• State rank: #43
• US rank: #1026

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Norfolk, VA
• County: Norfolk City · 214,042 people
• City population: 214,042
• Metro: Virginia Beach-Norfolk-Newport News, VA-NC
• Population (ZIP): 30,216
• Household income: $67,649
• Rent vs Own: 52.6% rent · 47.4% own
• Severe rent burden: 1948.0

Population outlook (Norfolk County) Hauer SSP2

• Today (2025): 249,032 people
• By 2030: 252,347 · +1.3%
• By 2040: 253,644 · +1.9%
• By 2050: 251,913 · +1.2%
• By 2075: 245,281 · -1.5%
• By 2100: 219,548 · -11.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: White 56% Black 20% Hispanic / Latino 13% Two or more races 9% Asian 3% Native American 1%
• Hispanic origin (detail): Mexican 5% Puerto Rican 2%
• Common ancestry: Lithuanian 2% Slovak 2% Romanian 2%
• Foreign-born: 9% · Canada, China
• Languages at home: 87% English-only · Spanish 8% Tagalog/Filipino 1% Other Asian/Pacific 1%

Political lean MEDSL · Norfolk

• 2024 margin: Solid D (+41.5) · D 70.0% · R 28.5% · Other 1.6%
• 2008→2024 swing: -1.4pp toward R · 2008: 43.0pp · 2024: 41.5pp
• All cycles: 2024: D+41.5 2020: D+45.6 2016: D+42.0 2012: D+44.0 2008: D+43.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -78.48%
• Current HPI: 316.1563
• Rent YoY: ▲ 4.76%
• Metro: Virginia Beach-Norfolk-Newport News, VA-NC
• State GDP YoY: ▲ 2.40%
• F500 in state: 50

Industry mix (Fortune 500 HQ in VA)

Industry	F500 HQs	Revenue
▸Aerospace / Defense	4	$236B
▸Technology / Defense	3	$32B
▸Financial Services	2	$176B
▸Utilities	2	$27B
▸Insurance	2	$25B
▸Technology	2	$15B

Price history

+474.0% since first listed

3 events — show timeline

• 2026-06-06 Pending — REINMLS
• 2026-06-05 Listed $287,000 REINMLS
• 1978-04-04 Sold (Public Records) $50,000 Public Records

Property tax history

+3.6%/yr

Latest (2025): $4,018 · +5.7% YoY. Source: county tax records.