108 Hermitage Rd · Newport News, VA 23606

$225,000

3 bd · 1.0 ba · 1,100 sqft · SingleFamily public records · 5 Days on market

Built 1955 0.26 ac lot $205/sqft · 25% below area Est $301k · 25% under

---

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 +15.0/15.0
• Cash flow +12.0/30.0
• Rent growth +4.3/5.0
• Schools +3.8/10.0
• Livability +3.8/5.0
• DSCR +3.5/10.0
• 1% rule +3.2/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Charming brick rancher located in the sought-after Hidenwood neighborhood of Newport News. Offering 3 bedrooms, 1 bathroom, and approximately 1,100 square feet of living space, this home blends classic character with everyday functionality. Hardwood floors flow throughout the main living areas, creating a warm and inviting atmosphere. The functional floorplan provides comfortable living spaces filled with natural light and endless potential for personalization. One of the property’s standout features is the rare combination of both an attached garage and a detached garage, providing exceptional flexibility for parking, storage, hobbies, or workshop space. Situated on a spacious lot in

Key facts

• 0.26 acre lot
• 2 garage spots
• Built 1955

Property features AI

Finance

• Other: Approximate lot size 0.26 acres; Listed as fixer upper
• HOA & community: No HOA fees indicated

Exterior

• Parking: Attached 1-car garage; Detached 2-car garage; Driveway parking; Garage approximately 320 sq ft
• Utilities: City water; City sewer; Oil water heater; Electrical service (standard)
• Home design: Detached ranch; Single-story; Crawl foundation; Entry level: 1; Facing: not specified
• Construction: Asphalt shingle roof
• Exterior features: Brick siding; Back yard fenced with chain link; Property offers city and wooded views; Fixer upper

Interior

• Kitchen: Electric range; Refrigerator
• Bedrooms: First-floor master bedroom; Bedroom and full bathroom on first floor; Master bedroom (1 room listed)
• Flooring: Vinyl flooring; Wood flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Central air; Hot water heating; Oil heating; Radiator
• Interior features: Attic fan; Ceiling fan; Pull-down attic stairs; Window treatments
• Laundry & utility: Washer; Dryer; Washer hookup; Dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $225k.

Deal economics

• At list price, monthly cash flow is $-55 ($-657/yr) — negative.
• To cash-flow at today's rent, offer at most $215k (4.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $185k (17.9% below list).
• Recommended offer: $185k (17.9% below list) — sets the bar for 1% rule.
• Cap rate 6.0% vs local median 4.2% in Newport News — 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 75/100 on livability (#123 in VA, #4,018 nationally) — a middle-class / working-renter tenant base. Strengths: health & safety A+, cost of living A, housing A; Watch: crime F, commute F.
• Newport News City Public School District (urban): math 34% / reading 54% proficiency, ranked #112 of 131 in VA (top 86%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Hidenwood Elementary (math 25% / reading 47%, grade F, #958 of 1,108 statewide, top 87%, 522 students, 91% FRL); Menchville High (math 39% / reading 79%, grade C+, #256 of 319 statewide, top 81%, 1,788 students, 87% FRL) — zoned schools average 89% FRL vs 55% district-wide (34 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+7.4%/yr); 103 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 522 units permitted in Newport News city in 2024 (458 in 5+ unit buildings).
• This rent runs 30% of the median local income ($73k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Newport News County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $184,706 (17.9% 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 1955 — 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 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. 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: 0.82% ✗
• Cap rate: 6.00%
• Cash-on-cash: -1.04%
• DSCR: 0.95
• GRM: 10.2

CMA / ARV

• ARV (median comp): $301,187
• List price: $225,000
• Delta: -25.30%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
108 Hermitage Rd	0.00mi	3/1.0	1,100 (0%)	1mo	$237,500	$216	99
104 Church Rd	0.72mi	3/1.5	1,211 (+10%)	14mo	$310,000	$256	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 · 7.37% rent growth · sell at horizon

5-year hold

• IRR: -13.4%
• Equity multiple: 0.50×
• Total profit: $-31,467
• Equity at exit: $33,548

10-year hold

• IRR: 1.2%
• Equity multiple: 1.10×
• Total profit: $6,197
• Equity at exit: $19,454

Cash invested: $63,000 (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 23606

• Rents YoY: 7.4%
• Active inventory: 103
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $1,847 high
• Mortgage (P&I): −$1,180
• Tax from tax record: −$240 /mo · $2,883/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$388
• Net cashflow: $-55

Break-even live

Break-even rent $1,916

Max offer price $215,323

Occupancy floor 98%

Sensitivity live

Price	-10% $73	-5% $9	+0% $-55	+5% $-118	+10% $-182
Rent	-10% $-201	-5% $-128	+0% $-55	+5% $18	+10% $91
Rate	-1.0pp $59	-0.5pp $2	base $-55	+0.5pp $-113	+1.0pp $-172

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: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7 Conway Rd Newport News, VA	3.0	2.5	1500	$1,995	$1.33	15d	1	0.56mi
154 Kenilworth Dr Newport News, VA	2.0	1.5	1312	$1,795	$1.37	24d	1	0.62mi
156 Sloane Pl Newport News, VA	3.0	2.5	1480	$1,750	$1.18	44d	1	0.69mi
4 Fairway Ln Newport News, VA	3.0	1.5	1470	$2,100	$1.43	44d	1	0.73mi
17 Middlesex Rd Newport News, VA	1.0–2.0	1.0	700	$1,374	$1.96	21d	1	1.05mi
39 Whites Ln Unit A Newport News, VA	2.0	1.0	1049	$1,395	$1.33	2d	1	1.13mi
414 Turlington Rd Newport News, VA	1.0–2.0	1.0	925	$1,115	$1.21	3d	24	1.15mi

Listing history 3 events

1. 2026-05-11
   status Under Contract 999-char remark
2. 2026-05-06
   listed $225,000 Active 999-char remark
3. 1956-07-01
   soldstatus $16,200

ⓘ 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: $2,883 · $240/mo
• Projected year-2 tax: $2,883 · $240/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥105°F today · 17 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,165
• − Mortgage interest: −$12,603
• − Property taxes: −$2,883
• − Insurance: −$1,125
• − Repairs & maintenance: −$1,773
• − Management: −$1,773
• − Depreciation: −$6,545
• Taxable loss: −$4,539
• Est. tax savings @ 24.0%: +$1,089
• After-tax cash flow: $432/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: Newport News City Public School District
• NCES district ID: 5102640
• Math proficiency: 34% ▼ -37.00%
• Reading proficiency: 54% ▼ -10.00%
• Median HH income: $49,644
• Composite: 37.7/100
• National rank: #4360
• State rank: #112 of 131 in VA

Livability — Newport News

• Score: 75/100
• State rank: #123
• US rank: #4018

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Newport News, VA
• County: Newport News City · 178,950 people
• City population: 178,950
• Metro: Virginia Beach-Norfolk-Newport News, VA-NC
• Population (ZIP): 29,971
• Household income: $72,874
• Rent vs Own: 53.4% rent · 46.6% own
• Severe rent burden: 1395.0

Population outlook (Newport News County) Hauer SSP2

• Today (2025): 181,076 people
• By 2030: 179,683 · -0.8%
• By 2040: 174,649 · -3.5%
• By 2050: 167,407 · -7.5%
• By 2075: 147,597 · -18.5%
• By 2100: 122,144 · -32.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: White 56% Black 23% Hispanic / Latino 13% Two or more races 12% Asian 3%
• Hispanic origin (detail): Mexican 5% Puerto Rican 3%
• Common ancestry: Romanian 3% Slovak 2% Lithuanian 2%
• Foreign-born: 10% · Canada, China, Jamaica
• Languages at home: 86% English-only · Spanish 10% Other Indo-European 1% Other Asian/Pacific 1%

Political lean MEDSL · Newport News

• 2024 margin: Strong D (+28.8) · D 63.7% · R 34.9% · Other 1.4%
• 2008→2024 swing: +0.1pp no change · 2008: 28.7pp · 2024: 28.8pp
• All cycles: 2024: D+28.8 2020: D+32.9 2016: D+25.4 2012: D+30.0 2008: D+28.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -170.91%
• Current HPI: 273.5811
• Rent YoY: ▲ 7.37%
• 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

+1366.0% since first listed

4 events — show timeline

• 2026-05-28 Sold (MLS) $237,500 REINMLS
• 2026-05-11 Pending — REINMLS
• 2026-05-06 Listed $225,000 REINMLS
• 1956-07-01 Sold (Public Records) $16,200 Public Records

Property tax history

+3.3%/yr

Latest (2026): $2,883 · +5.4% YoY. Source: county tax records.