711 5th St · Pulaski, VA 24301

$139,900

3 bd · 1.0 ba · 1,074 sqft · SingleFamily · 21 Days on market

Built 1950 7,405 sqft lot Est $155k · 10% 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 +23.9/30.0
• ARV discount +11.8/15.0
• DSCR +7.7/10.0
• 1% rule +4.9/10.0
• Schools +4.6/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This home offers a lot to appreciate, including gleaming hardwood floors, some replacement windows, vinyl siding and nicely sized rooms. It features a great basement for storage, two spacious bedrooms upstairs, and a newer roof installed in 2023. The property also boasts fresh paint, a private yard, and an enclosed back porch. It's a perfect place for someone to add their finishing touches and make it their own. A lovely front porch invites you to enjoy the outdoors. This home has had a good rental history in the past and is currently vacant. It's longing for a family to make it their home.

Key facts

• Fresh paint
• Newer roof
• Vinyl siding

Tags

• HARDWOOD FLOORS
• REPLACEMENT WINDOWS
• VINYL SIDING
• GREAT BASEMENT
• NEWER ROOF
• FRESH PAINT

Property features AI

Exterior

• Parking: Concrete and gravel parking
• Utilities: Public water; Public sewer
• Home design: Single-family detached residence; One story
• Construction: Vinyl siding; Built with concrete foundation
• Exterior features: Front porch; Shingle roof

Interior

• Kitchen: Refrigerator; Electric water heater
• Flooring: Hardwood
• Bathrooms: 1 full bathroom
• Heating & cooling: Baseboard heating; Electric heating
• Interior features: Pantry; Concrete full basement
• Laundry & utility: Laundry in basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $271 ($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 $139k (0.9% below list).
• Recommended offer: $138k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.6% vs local median 5.5% in Pulaski — 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 67/100 on livability (#297 in VA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment D+, crime F, amenities F.
• Pulaski County Public School District (rural): math 48% / reading 61% proficiency, ranked #86 of 131 in VA (top 66%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Pulaski Elementary (math 56% / reading 62%, grade B-, #571 of 1,108 statewide, top 52%, 500 students, 81% FRL); Pulaski County Middle (math 38% / reading 60%, grade C-, #238 of 342 statewide, top 71%, 807 students, 77% FRL); Pulaski County Senior High (math 63% / reading 70%, grade B, #195 of 319 statewide, top 62%, 1,246 students, 76% FRL) — zoned schools average 78% FRL vs 47% district-wide (31 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 114 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 39 units permitted in Pulaski County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $967 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Pulaski County population projected at -19% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($138k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $22k; list at $140k implies a 536% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $137,801 (1.5% below list)

Questions for the listing agent

1. Built in 1950 — 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 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?
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: 8.61%
• Cash-on-cash: 8.29%
• DSCR: 1.37
• GRM: 8.4

CMA / ARV

• ARV (on-the-fly): $154,656
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
903 Mashburn Ave	0.38mi	3/1.0	1,057 (-2%)	2mo	$152,000	$144	78
818 5th St NE	0.09mi	3/1.0	1,182 (+10%)	4mo	$169,000	$143	76
701 Orchard Rd	0.46mi	3/1.0	1,000 (-7%)	4mo	$199,900	$200	64
1217 Newbern Rd	0.62mi	4/1.0 (+1)	1,060 (-1%)	2mo	$166,000	$157	62
113 Ferry Ct	0.71mi	3/2.0	1,080 (+1%)	1mo	$239,900	$222	61
876 Dillon St	0.53mi	3/1.0	984 (-8%)	1mo	$77,000	$78	60
502 Dora Hwy	0.58mi	2/1.0 (-1)	1,040 (-3%)	3mo	$68,000	$65	60
1116 Macgill St	0.58mi	3/1.0	996 (-7%)	6mo	$132,600	$133	56
913 Oakhurst Ave	0.65mi	3/1.5	1,154 (+7%)	1mo	$199,000	$172	54
806 Monroe Ave	0.51mi	2/1.0 (-1)	968 (-10%)	6mo	$132,600	$137	50
138 Pierce Ave	0.72mi	3/2.0	1,000 (-7%)	2mo	$199,000	$199	49
550 Monroe Ave	0.47mi	2/1.0 (-1)	924 (-14%)	6mo	$132,600	$144	45

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -3.7%
• Equity multiple: 0.86×
• Total profit: $-5,495
• Equity at exit: $20,860

10-year hold

• IRR: 5.9%
• Equity multiple: 1.44×
• Total profit: $17,145
• Equity at exit: $12,096

Cash invested: $39,172 (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 24301

• Active inventory: 114
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $1,386 medium
• Mortgage (P&I): −$734
• Tax from tax record: −$33 /mo · $391/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$291
• Net cashflow: $271

Break-even live

Break-even rent $1,044

Max offer price $139,900

Occupancy floor 75%

Sensitivity live

Price	-10% $350	-5% $310	+0% $271	+5% $231	+10% $192
Rent	-10% $161	-5% $216	+0% $271	+5% $325	+10% $380
Rate	-1.0pp $341	-0.5pp $306	base $271	+0.5pp $234	+1.0pp $198

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
500 Pico Ter Pulaski, VA	3.0	1.0–2.0	882	$1,580	$1.79	44d	11	0.25mi
1009 High St Unit A Pulaski, VA	2.0	1.0	800	$875	$1.09	44d	1	0.60mi

Listing history 20 events

1. 2026-06-19
   days on market $139,900 Active 21 DOM
2. 2026-06-18
   days on market $139,900 Active 20 DOM
3. 2026-06-17
   days on market $139,900 Active 19 DOM
4. 2026-06-16
   days on market $139,900 Active 18 DOM
5. 2026-06-15
   days on market $139,900 Active 17 DOM
6. 2026-06-14
   days on market $139,900 Active 15 DOM
7. 2026-06-13
   days on market $139,900 Active 14 DOM
8. 2026-06-10
   days on market $139,900 Active 12 DOM
9. 2026-06-09
   days on market $139,900 Active 11 DOM
10. 2026-06-08
    days on market $139,900 Active 10 DOM
11. 2026-06-07
    days on market $139,900 Active 9 DOM
12. 2026-06-05
    days on market $139,900 Active 6 DOM
13. 2026-06-02
    days on market $139,900 Active 4 DOM
14. 2026-06-01
    days on market $139,900 Active 3 DOM
15. 2026-05-31
    days on market $139,900 Active 2 DOM
16. 2026-05-29
    listed $139,900 Active
17. 2025-09-26
    status Active
18. 2025-09-12
    status Pending
19. 2025-08-31
    listed $139,900 Active
20. 2001-04-26
    soldstatus $22,000

ⓘ 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: $391 · $33/mo
• Projected year-2 tax: $1,147 · $96/mo
• Expected delta: +$756/yr (+$63/mo · 193.1%)

ⓘ 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 2/10 Low
• 🌡 Heat 4/10 Moderate 8 d/yr ≥94°F today · 23 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,637
• − Mortgage interest: −$7,837
• − Property taxes: −$391
• − Insurance: −$700
• − Repairs & maintenance: −$1,331
• − Management: −$1,331
• − Depreciation: −$4,070
• Taxable income: $978
• Est. tax owed @ 24.0%: −$235
• After-tax cash flow: $3,014/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: Pulaski County Public School District
• NCES district ID: 5103150
• Math proficiency: 48% ▼ -31.00%
• Reading proficiency: 61% ▼ -13.00%
• Median HH income: $44,912
• Composite: 45.98/100
• National rank: #2537
• State rank: #86 of 131 in VA

Livability — Pulaski

• Score: 67/100
• State rank: #297
• US rank: #10639

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pulaski, VA
• Population (ZIP): 13,370

Population outlook (Pulaski County) Hauer SSP2

• Today (2025): 32,949 people
• By 2030: 31,812 · -3.5%
• By 2040: 29,224 · -11.3%
• By 2050: 26,691 · -19.0%
• By 2075: 21,312 · -35.3%
• By 2100: 15,697 · -52.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Two or more races 5% Black 4% Hispanic / Latino 3%
• Common ancestry: Serbian 2% Italian 2% Iranian 1%
• Foreign-born: 2% · Vietnam, Canada
• Languages at home: 97% English-only · Spanish 1%

Political lean MEDSL · Pulaski

• 2024 margin: Solid R (+44.7) · D 27.3% · R 72.0%
• 2008→2024 swing: -25.1pp toward R · 2008: -19.5pp · 2024: -44.7pp
• All cycles: 2024: R+44.7 2020: R+41.5 2016: R+40.7 2012: R+24.8 2008: R+19.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -88.98%
• Current HPI: 144.6556
• Rent YoY: —
• Metro: —
• 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

+535.9% since first listed

5 events — show timeline

• 2026-05-29 Listed $139,900 NRVMLS
• 2025-09-26 Relisted — NRVMLS
• 2025-09-12 Pending — NRVMLS
• 2025-08-31 Listed $139,900 NRVMLS
• 2001-04-26 Sold (Public Records) $22,000 Public Records

Property tax history

+2.3%/yr

Latest (2026): $391 · +0.0% YoY. Source: county tax records.