667 Chesapeake Dr · White Stone, VA 22578

$265,000

3 bd · 2.5 ba · 1,518 sqft · SingleFamily public records · 5 Days on market

Built 1925 0.50 ac lot $175/sqft · 18% above area Est $225k · 18% over

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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).

• Cash flow +21.2/30.0
• DSCR +6.8/10.0
• 1% rule +4.4/10.0
• Schools +3.3/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.5/10.0
• ARV discount +0.0/15.0

Listing remarks MLS

Nestled in the charming town of White Stone, this three-bedroom Craftsman house, though worn with time, still carries the quiet dignity of its original design. It offers a welcoming presence, just steps from the sidewalk and close to the hum of the neighborhood. The home greets you with a wide front porch that stretches the width of the house. It feels like a quiet echo from another era where time moves a little slower. Upon entering, you are greeted by the beautiful classic wood flooring and molding that adorn the entire home. The bright living room flows seamlessly into the spacious dining room. A cozy corner den provides a perfect space for a family room or an office. The kitchen features classic cabinetry, a pantry, and a utility porch that leads to the rear door. The second floor is the spacious primary suite that includes a full bathroom. Out the back door, you are greeted by an unexpected retreat. A deep, spacious backyard that feels worlds away from the street, including a large garage. Whether for family gatherings, gardening, or simply unwinding in the quiet, the backyard is a hidden gem waiting to be enjoyed.

Key facts

• 0.5 acre lot
• Garage
• Built 1925

Property features AI

Exterior

• Parking: Detached garage with 1 car space
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story
• Construction: Frame construction; Asbestos siding/materials
• Exterior features: Composition roof; No pool

Interior

• Bathrooms: Two full bathrooms
• Heating & cooling: Heat pump for heating and cooling; Electric heating
• Interior features: Seven total rooms

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $265k.

Deal economics

• At list price, monthly cash flow is $383 ($5k/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 $250k (5.7% below list).
• Recommended offer: $250k (5.7% below list) — sets the bar for 1% rule.
• Cap rate 8.0% vs local median 0.9% in White Stone — 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 64/100 on livability (#358 in VA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+; Watch: housing C-, amenities F, commute F.
• Lancaster County Public School District (rural): math 27% / reading 49% proficiency, ranked #125 of 131 in VA (top 95%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Lancaster Primary (math 27% / reading 37%, grade F, #992 of 1,108 statewide, top 90%, 316 students, 127% FRL); Lancaster Middle (math 22% / reading 47%, grade F, #328 of 342 statewide, top 96%, 237 students, 99% FRL); Lancaster High (math 37% / reading 57%, grade D-, #305 of 319 statewide, top 97%, 403 students, 100% FRL) — zoned schools average 109% FRL vs 64% district-wide (45 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 48 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 127 units permitted in Lancaster County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Lancaster County population projected at -34% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 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 $115k; list at $265k implies a 130% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $250,000 (5.7% below list)

Questions for the listing agent

1. Built in 1925 — 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 F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. 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?
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: 0.94% ✗
• Cap rate: 8.03%
• Cash-on-cash: 6.20%
• DSCR: 1.28
• GRM: 8.8

CMA / ARV

• ARV (median comp): $224,936
• List price: $265,000
• Delta: 17.81%
• Verdict: OVERPRICED
• Comps: 10 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
375 Beach Rd	0.38mi	2/2.0 (-1)	1,344 (-12%)	24mo	$255,000	$190	36
715 Rappahannock Dr	0.36mi	2/1.0 (-1)	1,320 (-13%)	23mo	$111,000	$84	31

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: -6.8%
• Equity multiple: 0.75×
• Total profit: $-18,646
• Equity at exit: $39,512

10-year hold

• IRR: 2.8%
• Equity multiple: 1.20×
• Total profit: $14,744
• Equity at exit: $22,912

Cash invested: $74,200 (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 22578

• Home prices YoY: -3.3%
• Active inventory: 48
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $2,500 medium
• Mortgage (P&I): −$1,390
• Tax from tax record: −$92 /mo · $1,101/yr
• Insurance: −$110
• HOA: −$0
• Vacancy / Maint / Mgmt: −$525
• Net cashflow: $383

Break-even live

Break-even rent $2,015

Max offer price $265,000

Occupancy floor 80%

Sensitivity live

Price	-10% $533	-5% $458	+0% $383	+5% $308	+10% $233
Rent	-10% $186	-5% $284	+0% $383	+5% $482	+10% $581
Rate	-1.0pp $517	-0.5pp $451	base $383	+0.5pp $315	+1.0pp $245

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: $66,250
• Closing costs: $7,950
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
645 Rappahannock Dr White Stone, VA	3.0	1.0	1104	$2,500	$2.26	45d	1	0.29mi

Listing history 26 events

1. 2026-06-21
   days on market $265,000 Active 5 DOM
2. 2026-06-21
   days on market $265,000 Active 4 DOM
3. 2026-06-18
   days on market $265,000 Active 2 DOM
4. 2026-06-17
   days on marketlisting id $265,000 Active 1 DOM
5. 2026-06-16
   days on market $265,000 Active 135 DOM
6. 2026-06-15
   days on market $265,000 Active 134 DOM
7. 2026-06-15
   days on market $265,000 Active 133 DOM
8. 2026-06-13
   days on market $265,000 Active 132 DOM
9. 2026-06-12
   days on market $265,000 Active 131 DOM
10. 2026-06-09
    days on market $265,000 Active 128 DOM
11. 2026-06-08
    days on market $265,000 Active 127 DOM
12. 2026-06-08
    days on market $265,000 Active 126 DOM
13. 2026-06-05
    days on market $265,000 Active 124 DOM
14. 2026-06-03
    days on market $265,000 Active 122 DOM
15. 2026-06-02
    days on market $265,000 Active 121 DOM
16. 2026-06-02
    listing id $265,000 Active 120 DOM
17. 2026-06-01
    days on market $265,000 Active 120 DOM
18. 2026-05-31
    days on market $265,000 Active 119 DOM
19. 2026-04-09
    price $265,000 1137-char remark

    Show marketing remark (1137 chars)

    Nestled in the charming town of White Stone, this three-bedroom Craftsman house, though worn with time, still carries the quiet dignity of its original design. It offers a welcoming presence, just steps from the sidewalk and close to the hum of the neighborhood. The home greets you with a wide front porch that stretches the width of the house. It feels like a quiet echo from another era where time moves a little slower. Upon entering, you are greeted by the beautiful classic wood flooring and molding that adorn the entire home. The bright living room flows seamlessly into the spacious dining room. A cozy corner den provides a perfect space for a family room or an office. The kitchen features classic cabinetry, a pantry, and a utility porch that leads to the rear door. The second floor is the spacious primary suite that includes a full bathroom. Out the back door, you are greeted by an unexpected retreat. A deep, spacious backyard that feels worlds away from the street, including a large garage. Whether for family gatherings, gardening, or simply unwinding in the quiet, the backyard is a hidden gem waiting to be enjoyed.

20. 2026-04-09
    price $265,000 1137-char remark

    Show marketing remark (1137 chars)

    Nestled in the charming town of White Stone, this three-bedroom Craftsman house, though worn with time, still carries the quiet dignity of its original design. It offers a welcoming presence, just steps from the sidewalk and close to the hum of the neighborhood. The home greets you with a wide front porch that stretches the width of the house. It feels like a quiet echo from another era where time moves a little slower. Upon entering, you are greeted by the beautiful classic wood flooring and molding that adorn the entire home. The bright living room flows seamlessly into the spacious dining room. A cozy corner den provides a perfect space for a family room or an office. The kitchen features classic cabinetry, a pantry, and a utility porch that leads to the rear door. The second floor is the spacious primary suite that includes a full bathroom. Out the back door, you are greeted by an unexpected retreat. A deep, spacious backyard that feels worlds away from the street, including a large garage. Whether for family gatherings, gardening, or simply unwinding in the quiet, the backyard is a hidden gem waiting to be enjoyed.

21. 2026-02-01
    listed $275,000 Active 1137-char remark

    Show marketing remark (1137 chars)

    Nestled in the charming town of White Stone, this three-bedroom Craftsman house, though worn with time, still carries the quiet dignity of its original design. It offers a welcoming presence, just steps from the sidewalk and close to the hum of the neighborhood. The home greets you with a wide front porch that stretches the width of the house. It feels like a quiet echo from another era where time moves a little slower. Upon entering, you are greeted by the beautiful classic wood flooring and molding that adorn the entire home. The bright living room flows seamlessly into the spacious dining room. A cozy corner den provides a perfect space for a family room or an office. The kitchen features classic cabinetry, a pantry, and a utility porch that leads to the rear door. The second floor is the spacious primary suite that includes a full bathroom. Out the back door, you are greeted by an unexpected retreat. A deep, spacious backyard that feels worlds away from the street, including a large garage. Whether for family gatherings, gardening, or simply unwinding in the quiet, the backyard is a hidden gem waiting to be enjoyed.

22. 2026-02-01
    listed $275,000 Active 1137-char remark

    Show marketing remark (1137 chars)

    Nestled in the charming town of White Stone, this three-bedroom Craftsman house, though worn with time, still carries the quiet dignity of its original design. It offers a welcoming presence, just steps from the sidewalk and close to the hum of the neighborhood. The home greets you with a wide front porch that stretches the width of the house. It feels like a quiet echo from another era where time moves a little slower. Upon entering, you are greeted by the beautiful classic wood flooring and molding that adorn the entire home. The bright living room flows seamlessly into the spacious dining room. A cozy corner den provides a perfect space for a family room or an office. The kitchen features classic cabinetry, a pantry, and a utility porch that leads to the rear door. The second floor is the spacious primary suite that includes a full bathroom. Out the back door, you are greeted by an unexpected retreat. A deep, spacious backyard that feels worlds away from the street, including a large garage. Whether for family gatherings, gardening, or simply unwinding in the quiet, the backyard is a hidden gem waiting to be enjoyed.

23. 2025-10-03
    price $275,000
24. 2025-10-02
    price $275,000
25. 2025-06-03
    listed $290,000 Active
26. 2014-03-17
    soldstatus $115,000

ⓘ 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: $1,101 · $92/mo
• Projected year-2 tax: $2,173 · $181/mo
• Expected delta: +$1,072/yr (+$89/mo · 97.4%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥104°F today · 18 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% 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: $30,000
• − Mortgage interest: −$14,844
• − Property taxes: −$1,101
• − Insurance: −$1,325
• − Repairs & maintenance: −$2,400
• − Management: −$2,400
• − Depreciation: −$7,709
• Taxable income: $221
• Est. tax owed @ 24.0%: −$53
• After-tax cash flow: $4,545/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: Lancaster County Public School District
• NCES district ID: 5102160
• Math proficiency: 27% ▼ -44.00%
• Reading proficiency: 49% ▼ -20.00%
• Median HH income: $48,210
• Composite: 32.58/100
• National rank: #5680
• State rank: #125 of 131 in VA

Livability — White Stone

• Score: 64/100
• State rank: #358
• US rank: #14401

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: White Stone, VA
• Population (ZIP): 2,346

Population outlook (Lancaster County) Hauer SSP2

• Today (2025): 9,870 people
• By 2030: 9,172 · -7.1%
• By 2040: 7,719 · -21.8%
• By 2050: 6,551 · -33.6%
• By 2075: 5,110 · -48.2%
• By 2100: 3,884 · -60.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Black 18% Two or more races 4% Hispanic / Latino 3%
• Common ancestry: Serbian 3% Slovak 2% Lithuanian 2%
• Foreign-born: 5% · Canada
• Languages at home: 96% English-only · Spanish 4%

Political lean MEDSL · Lancaster

• 2024 margin: Lean R (+7.0) · D 46.1% · R 53.1%
• 2008→2024 swing: -1.1pp toward R · 2008: -5.9pp · 2024: -7.0pp
• All cycles: 2024: R+7.0 2020: R+4.6 2016: R+10.0 2012: R+8.6 2008: R+5.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -9.07%
• Current HPI: 266.525
• 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

+130.4% since first listed

8 events — show timeline

• 2026-06-12 Listed $265,000 CBRAR
• 2026-04-09 Price Changed $265,000 NNAR
• 2026-04-09 Price Changed $265,000 CBRAR
• 2026-02-01 Listed $275,000 NNAR
• 2025-10-03 Price Changed $275,000 CBRAR
• 2025-10-02 Price Changed $275,000 NNAR
• 2025-06-03 Listed $290,000 NNAR
• 2014-03-17 Sold (Public Records) $115,000 Public Records

Property tax history

+5.9%/yr

Latest (2025): $1,101 · +0.0% YoY. Source: county tax records.