2813 Burfoot St · Richmond, VA 23224

$170,000

1 bd · 1.0 ba · 586 sqft · SingleFamily public records · 12 Days on market

Built 1910 3,584 sqft lot $290/sqft · 16% below area Est $204k · 16% under

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Why this score? — see what drove the D 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).

• ARV discount +14.9/15.0
• Cash flow +10.8/30.0
• Livability +4.2/5.0
• Rent growth +3.6/5.0
• Schools +3.3/10.0
• DSCR +3.1/10.0
• Condition / age +2.5/5.0
• 1% rule +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

UNDER 100K IN RICHMOND VA! this is a Great investment opportunity, as well as a primary home. This cool little house has tiled shower, painted cabinets, concrete counters, and Ductless HVAC Mini split. Listed at 99K with only a little work to be done makes it one of the most affordable houses in Richmond. and with a little TLC this could be a Cash flowing Gem. preferred to sell as is. This won't last long!

Key facts

• Fully renovated
• 3,584 sq ft lot
• Parking

Tags

• FULLY RENOVATED
• MINI SPLIT HEATING AND COOLING
• TANKLESS WATER HEATER
• IN HOME WASHER AND DRYER
• STRONG INVESTMENT POTENTIAL

Property features AI

Exterior

• Parking: Driveway; Off-street parking; On-street parking; Unpaved parking surfaces
• Utilities: Public water; Public sewer
• Home design: Single-story home; Resale property
• Construction: Frame construction with shingle, vinyl, and wood siding; Shingle roof; Built as actual (year built details provided)
• Exterior features: Front porch; Full fencing; Unpaved driveway

Interior

• Kitchen: Electric cooking; Oven; Microwave; Dishwasher; Refrigerator; Freezer
• Bedrooms: Bedroom located on the first level
• Flooring: Vinyl flooring
• Bathrooms: One full bathroom with shower
• Heating & cooling: Electric heating
• Interior features: Bedroom on main level; Open floor plan between family room and kitchen
• Laundry & utility: Washer; Dryer; Tankless water heater

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $170k.

Deal economics

• At list price, monthly cash flow is $-78 ($-938/yr) — negative.
• To cash-flow at today's rent, offer at most $156k (8.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $123k (27.4% below list).
• Recommended offer: $123k (27.4% below list) — sets the bar for 1% rule.
• Cap rate 5.7% vs local median 3.2% in Richmond — 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 84/100 on livability (#33 in VA, #793 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, health & safety A+; Watch: crime D-.
• Richmond City Public School District (urban): math 32% / reading 47% proficiency, ranked #123 of 131 in VA (top 94%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 74% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Swansboro Elementary (math 10% / reading 50%, grade F, #1,010 of 1,108 statewide, top 91%, 158 students, 100% FRL); River City Middle (math 14% / reading 31%, grade F, #337 of 342 statewide, top 99%, 1,180 students, 98% FRL); George Wythe High (math 12% / reading 37%, grade F, #319 of 319 statewide, top 100%, 1,309 students, 91% FRL) — zoned schools average 96% FRL vs 74% district-wide (23 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 26% at this address vs 40% district-wide (-14 pts) — the specific schools serving this property underperform the Richmond City Public School District average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising fast (+4.5%/yr); 177 active listings in the ZIP; 33 comparable units currently listed for rent nearby; rentals leasing fast (median 6d on market — plan ~1-2 weeks tenant-placement turnaround); 2,540 units permitted in Richmond city in 2024 (2,077 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Richmond County population projected at +40% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 9 sale attempts since 22y ago 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 $110k; list at $170k implies a 55% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% 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 $123,435 (27.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. Crime grade is D 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. 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.
8. 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.
9. 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: 0.73% ✗
• Cap rate: 5.74%
• Cash-on-cash: -1.97%
• DSCR: 0.91
• GRM: 11.5

CMA / ARV

• ARV (median comp): $203,508
• List price: $170,000
• Delta: -7.87%
• Verdict: FAIR
• Comps: 19 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3208 Decatur St	0.50mi	2/1.0 (+1)	624 (+6%)	7mo	$138,750	$222	55
2604 Hargrove St	0.36mi	2/1.0 (+1)	661 (+13%)	2mo	$134,900	$204	55
3410 Decatur St	0.61mi	2/1.0 (+1)	600 (+2%)	17mo	$170,000	$283	49
507 W 22nd St	0.72mi	2/1.0 (+1)	672 (+15%)	5mo	$265,000	$394	33

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 · 4.55% rent growth · sell at horizon

5-year hold

• IRR: -18.1%
• Equity multiple: 0.36×
• Total profit: $-30,628
• Equity at exit: $25,348

10-year hold

• IRR: -7.9%
• Equity multiple: 0.47×
• Total profit: $-25,032
• Equity at exit: $14,698

Cash invested: $47,600 (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 23224

• Rents YoY: 4.5%
• Active inventory: 177
• Price-to-rent: 11.5×

Monthly cashflow live

• Estimated rent: $1,234 high
• Mortgage (P&I): −$891
• Tax from tax record: −$91 /mo · $1,092/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$259
• Net cashflow: $-78

Break-even live

Break-even rent $1,333

Max offer price $156,188

Occupancy floor —

Sensitivity live

Price	-10% $18	-5% $-30	+0% $-78	+5% $-126	+10% $-174
Rent	-10% $-176	-5% $-127	+0% $-78	+5% $-29	+10% $19
Rate	-1.0pp $7	-0.5pp $-35	base $-78	+0.5pp $-122	+1.0pp $-167

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: $42,500
• Closing costs: $5,100
• Reserves months: —
• Total cash needed: —

Rent comps 33 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3202 Midlothian Tpke Richmond, VA	2.0	1.0	715	$1,150	$1.61	5d	6	0.42mi
3204 Midlothian Tpke Apt O Richmond, VA	2.0	1.0	715	$1,150	$1.61	25d	1	0.44mi
422 W 27th St Richmond, VA	2.0	1.0	666	$925	$1.39	6d	1	0.48mi
800 Richmond Hwy Richmond, VA	1.0–2.0	1.0–2.0	778	$1,064	$1.37	45d	1	0.70mi
205 W Roanoke St Richmond, VA	1.0–2.0	1.0	685	$1,100	$1.60	13d	1	0.82mi
3709 Stockton St Richmond, VA	2.0	1.0	685	$900	$1.31	3d	1	0.83mi
2205 Fairfax Ave Richmond, VA	2.0	1.0	500	$1,595	$3.19	25d	1	0.84mi
3704 Chapel Dr Richmond, VA	1.0	1.0	574	$875	$1.52	18d	1	0.85mi
2000 Riverside Dr Richmond, VA	1.0	1.0	516	$1,459	$2.82	3d	21	0.90mi
1707 Chicago Ave Richmond, VA	2.0	1.0	750	$995	$1.33	45d	1	0.91mi
1429 McDonough St Richmond, VA	1.0–3.0	1.0–2.0	826	$1,319	$1.60	3d	15	0.92mi
1315 Hull St Unit 207 Richmond, VA	1.0	1.0	639	$1,325	$2.07	45d	1	0.98mi
1315 Hull St Unit 208 Richmond, VA	1.0	1.0	749	$1,335	$1.78	6d	1	0.98mi
1313 Hull St Apt 204 Richmond, VA	1.0	1.0	717	$1,375	$1.92	45d	1	0.98mi
1213 Hull Street Rd Unit 2C Richmond, VA	1.0	1.0	500	$1,295	$2.59	16d	1	1.04mi
1209 Hull St Unit 302 Richmond, VA	1.0	1.0	619	$1,295	$2.09	12d	1	1.05mi
2200 Ingram Ave Richmond, VA	2.0	1.0–2.0	711	$1,318	$1.85	6d	1	1.07mi
908 Perry St Richmond, VA	1.0–2.0	1.0–2.0	696	$1,295	$1.86	6d	6	1.22mi
909 Perry St Richmond, VA	1.0–2.0	1.0–2.0	735	$1,025	$1.39	3d	6	1.22mi
901 McDonough St Richmond, VA	1.0–2.0	1.0–2.0	886	$1,523	$1.72	5d	14	1.25mi
815 Perry St Richmond, VA	1.0–3.0	1.0–2.0	1004	$1,100	$1.10	3d	10	1.27mi
1132 E 15th St Richmond, VA	2.0	1.0	672	$1,255	$1.87	12d	1	1.28mi
800 Semmes Ave Richmond, VA	1.0–2.0	1.0–2.0	760	$1,600	$2.11	5d	23	1.28mi
700 Stockton St Richmond, VA	1.0–2.0	1.0	1035	$1,440	$1.39	3d	31	1.34mi
616 Hull St Richmond, VA	1.0–2.0	1.0–2.0	756	$1,225	$1.62	6d	5	1.37mi
15 W 7th St Richmond, VA	1.0–3.0	1.0–2.5	881	$1,324	$1.50	3d	6	1.37mi
700 Everett St Richmond, VA	1.0–2.0	1.0–2.0	809	$1,175	$1.45	6d	14	1.38mi
512 Hull St Richmond, VA	1.0	1.0	698	$1,595	$2.29	4d	1	1.42mi
500 Stockton St Richmond, VA	1.0–2.0	1.0–2.0	748	$1,131	$1.51	5d	16	1.45mi
501 Decatur St Richmond, VA	1.0–2.0	1.0–2.0	668	$1,339	$2.00	3d	7	1.46mi
1125 Commerce Rd Richmond, VA	1.0–2.0	1.0–1.5	685	$1,177	$1.72	5d	5	1.47mi
411 Bainbridge St Richmond, VA	1.0–2.0	1.0–2.5	788	$1,325	$1.68	3d	18	1.49mi
500 Maury St Richmond, VA	2.0	1.0–2.0	665	$1,747	$2.63	5d	17	1.50mi

Listing history 32 events

1. 2026-06-21
   days on market $170,000 Active 12 DOM
2. 2026-06-18
   days on market $170,000 Active 9 DOM
3. 2026-06-17
   days on market $170,000 Active 8 DOM
4. 2026-06-16
   days on market $170,000 Active 7 DOM
5. 2026-06-15
   days on market $170,000 Active 6 DOM
6. 2026-06-13
   days on market $170,000 Active 4 DOM
7. 2026-06-10
   pricedays on marketlisting id $170,000 Active 1 DOM
8. 2026-06-03
   days on market $187,500 Active 89 DOM
9. 2026-06-02
   days on market $187,500 Active 88 DOM
10. 2026-06-01
    days on market $187,500 Active 87 DOM
11. 2026-05-31
    days on market $187,500 Active 86 DOM
12. 2026-05-08
    price $187,500 484-char remark
13. 2026-03-25
    price $194,950 484-char remark
14. 2026-03-06
    listed $199,950 Active 484-char remark
15. 2025-08-15
    soldstatus $110,000 Closed 409-char remark

    Show marketing remark (409 chars)

    UNDER 100K IN RICHMOND VA! this is a Great investment opportunity, as well as a primary home. This cool little house has tiled shower, painted cabinets, concrete counters, and Ductless HVAC Mini split. Listed at 99K with only a little work to be done makes it one of the most affordable houses in Richmond. and with a little TLC this could be a Cash flowing Gem. preferred to sell as is. This won't last long!

16. 2025-07-15
    status Pending 409-char remark

    Show marketing remark (409 chars)

    UNDER 100K IN RICHMOND VA! this is a Great investment opportunity, as well as a primary home. This cool little house has tiled shower, painted cabinets, concrete counters, and Ductless HVAC Mini split. Listed at 99K with only a little work to be done makes it one of the most affordable houses in Richmond. and with a little TLC this could be a Cash flowing Gem. preferred to sell as is. This won't last long!

17. 2025-07-09
    status Active 409-char remark

    Show marketing remark (409 chars)

    UNDER 100K IN RICHMOND VA! this is a Great investment opportunity, as well as a primary home. This cool little house has tiled shower, painted cabinets, concrete counters, and Ductless HVAC Mini split. Listed at 99K with only a little work to be done makes it one of the most affordable houses in Richmond. and with a little TLC this could be a Cash flowing Gem. preferred to sell as is. This won't last long!

18. 2025-07-09
    price $98,000 409-char remark

    Show marketing remark (409 chars)

    UNDER 100K IN RICHMOND VA! this is a Great investment opportunity, as well as a primary home. This cool little house has tiled shower, painted cabinets, concrete counters, and Ductless HVAC Mini split. Listed at 99K with only a little work to be done makes it one of the most affordable houses in Richmond. and with a little TLC this could be a Cash flowing Gem. preferred to sell as is. This won't last long!

19. 2025-07-02
    status Pending 409-char remark

    Show marketing remark (409 chars)

    UNDER 100K IN RICHMOND VA! this is a Great investment opportunity, as well as a primary home. This cool little house has tiled shower, painted cabinets, concrete counters, and Ductless HVAC Mini split. Listed at 99K with only a little work to be done makes it one of the most affordable houses in Richmond. and with a little TLC this could be a Cash flowing Gem. preferred to sell as is. This won't last long!

20. 2025-06-26
    listed $99,000 Active 409-char remark

    Show marketing remark (409 chars)

    UNDER 100K IN RICHMOND VA! this is a Great investment opportunity, as well as a primary home. This cool little house has tiled shower, painted cabinets, concrete counters, and Ductless HVAC Mini split. Listed at 99K with only a little work to be done makes it one of the most affordable houses in Richmond. and with a little TLC this could be a Cash flowing Gem. preferred to sell as is. This won't last long!

21. 2016-11-22
    soldstatus $17,100
22. 2011-03-11
    soldstatus $13,500
23. 2011-02-07
    historical
24. 2010-10-15
    listed $14,950
25. 2010-06-01
    historical
26. 2010-06-01
    historical
27. 2009-12-14
    listed $48,000
28. 2009-12-14
    listed $48,000
29. 2009-09-22
    historical
30. 2005-02-19
    historical
31. 2004-08-25
    listed $48,000
32. 2004-08-25
    listed $48,000

ⓘ 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: $1,092 · $91/mo
• Projected year-2 tax: $1,394 · $116/mo
• Expected delta: +$302/yr (+$25/mo · 27.7%)

ⓘ 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 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥105°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,812
• − Mortgage interest: −$9,523
• − Property taxes: −$1,092
• − Insurance: −$850
• − Repairs & maintenance: −$1,185
• − Management: −$1,185
• − Depreciation: −$4,945
• Taxable loss: −$3,968
• Est. tax savings @ 24.0%: +$952
• After-tax cash flow: $14/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: Richmond City Public School District
• NCES district ID: 5103240
• Math proficiency: 32% ▼ -24.00%
• Reading proficiency: 47% ▼ -9.00%
• Median HH income: $40,276
• Composite: 33.09/100
• National rank: #5564
• State rank: #123 of 131 in VA

Livability — Richmond

• Score: 84/100
• State rank: #33
• US rank: #793

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Richmond, VA
• County: Richmond City · 178,280 people
• City population: 287,109
• Metro: Richmond, VA
• Population (ZIP): 40,575
• Household income: $50,475
• Rent vs Own: 63.6% rent · 36.4% own
• Severe rent burden: 3584.0

Population outlook (Richmond County) Hauer SSP2

• Today (2025): 262,263 people
• By 2030: 284,503 · +8.5%
• By 2040: 327,353 · +24.8%
• By 2050: 367,946 · +40.3%
• By 2075: 449,560 · +71.4%
• By 2100: 500,301 · +90.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: Black 59% Hispanic / Latino 22% White 15% Two or more races 6%
• Hispanic origin (detail): Mexican 5% Puerto Rican 2%
• Common ancestry: Romanian 1% Lithuanian 1% Serbian 1%
• Foreign-born: 17% · Canada
• Languages at home: 78% English-only · Spanish 19% French/Haitian/Cajun 1%

Political lean MEDSL · Richmond

• 2024 margin: Solid D (+66.3) · D 82.0% · R 15.8% · Other 2.2%
• 2008→2024 swing: +7.2pp toward D · 2008: 59.1pp · 2024: 66.3pp
• All cycles: 2024: D+66.3 2020: D+68.0 2016: D+63.8 2012: D+55.7 2008: D+59.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -283.99%
• Current HPI: 336.9345
• Rent YoY: ▲ 4.55%
• Metro: Richmond, VA
• 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

+254.2% since first listed

23 events — show timeline

• 2026-06-10 Listed $170,000 CVRMLS
• 2026-06-05 Listing Removed — CVRMLS
• 2026-05-08 Price Changed $187,500 CVRMLS
• 2026-03-25 Price Changed $194,950 CVRMLS
• 2026-03-06 Listed $199,950 CVRMLS
• 2025-08-15 Sold (MLS) $110,000 CVRMLS
• 2025-07-15 Pending — CVRMLS
• 2025-07-09 Relisted — CVRMLS
• 2025-07-09 Price Changed $98,000 CVRMLS
• 2025-07-02 Pending — CVRMLS
• 2025-06-26 Listed $99,000 CVRMLS
• 2016-11-22 Sold (Public Records) $17,100 Public Records
• 2011-03-11 Sold (MLS) $13,500 CVRMLS
• 2011-02-07 Listing Removed — CVRMLS
• 2010-10-15 Listed $14,950 CVRMLS
• 2010-06-01 Listing Removed — CVRMLS
• 2010-06-01 Listing Removed — CVRMLS
• 2009-12-14 Listed $48,000 CVRMLS
• 2009-12-14 Listed $48,000 CVRMLS
• 2009-09-22 Listing Removed — CVRMLS
• 2005-02-19 Listing Removed — CVRMLS
• 2004-08-25 Listed $48,000 CVRMLS
• 2004-08-25 Listed $48,000 CVRMLS

Property tax history

+6.4%/yr

Latest (2022): $1,092 · +23.1% YoY. Source: county tax records.