3200 Jowin Ln · East Highland Park, VA 23223

$275,000

3 bd · 2.0 ba · 1,714 sqft · SingleFamily public records · 61 Days on market

Built 1961 0.26 ac lot $160/sqft · at area comps Est $277k · at est.

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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 +11.7/30.0
• ARV discount +7.9/15.0
• Schools +4.9/10.0
• Rent growth +4.1/5.0
• Livability +3.6/5.0
• DSCR +3.4/10.0
• 1% rule +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This exceptional opportunity in one of Richmond's most desirable growing neighborhoods features a charming 3-bedroom, 2-bathroom home spanning over 1,700 sq ft of single-level living—perfect for first-time buyers, savvy investors, and anyone seeking a property with tremendous upside potential. Situated on a generous corner lot in a rapidly appreciating area, this home enjoys exceptional accessibility between I-64 and I-295, placing you minutes from shopping, dining, schools, and major employment centers. Indulge in your primary suite retreat featuring recessed lighting, a welcoming fireplace, and an expansive walk-in closet awaiting your personal touch. Discover the timeless elegance of original hardwood floors ready for restoration to reveal their stunning natural character and warmth. Enjoy seamless flow and accessibility throughout the entire single-level home, while the spacious corner lot provides extra outdoor space and natural light for endless possibilities. This is your chance to own a property in an up-and-coming area with a comprehensive home inspection is available for full transparency, and a 1-year American Preferred Home Warranty included for peace of mind. Whether you're a first-time homebuyer building equity, an investor seeking strong returns, or someone ready to create their forever home, this property offers exceptional value and tremendous potential. Don't miss this rare opportunity—schedule your showing today!

Key facts

• Single-level living
• Corner lot
• 0.26 acre lot

Tags

• CORNER LOT
• PRIMARY SUITE RETREAT
• ORIGINAL HARDWOOD FLOORS
• SINGLE-LEVEL LIVING
• EXCEPTIONAL ACCESSIBILITY

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $275k.

Deal economics

• At list price, monthly cash flow is $-81 ($-975/yr) — negative.
• To cash-flow at today's rent, offer at most $261k (5.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $207k (24.8% below list).
• Recommended offer: $207k (24.8% below list) — sets the bar for 1% rule.
• Cap rate 5.9% vs local median 4.2% in East Highland Park — 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 72/100 on livability (#197 in VA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment C-, schools D-, amenities D-.
• Henrico County Public School District (suburban): math 49% / reading 64% proficiency, ranked #68 of 131 in VA (top 52%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+6.4%/yr); 337 active listings in the ZIP; 27 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 1,826 units permitted in Henrico County in 2024 (785 in 5+ unit buildings).
• This rent runs 45% of the median local income ($56k/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 $8k of value loss. Plan a longer hold.
• Henrico County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 61 days — a 6% lower offer ($258k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 13y 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 $126k; list at $275k implies a 117% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• 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 $206,759 (24.8% 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. It's been on market 61 days. Have you received any prior offers? Is the seller open to a 25% concession, seller financing, or rate buy-down credit?
3. Built in 1961 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. 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?
8. 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.
9. 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.
10. 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: 0.75% ✗
• Cap rate: 5.94%
• Cash-on-cash: -1.27%
• DSCR: 0.94
• GRM: 11.1

CMA / ARV

• ARV (median comp): $277,461
• List price: $275,000
• Delta: -0.89%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3100 Carlton Rd	0.06mi	4/3.0 (+1)	1,730 (+1%)	5mo	$285,000	$165	82
2224 Watts Ln	0.20mi	3/2.0	1,544 (-10%)	2mo	$295,000	$191	73
3211 Jowin Ln	0.08mi	3/1.5	1,885 (+10%)	8mo	$260,000	$138	71
2909 Reynolds Rd	0.43mi	4/2.5 (+1)	1,712 (-0%)	6mo	$319,900	$187	68
2664 Piney Ridge Dr	0.49mi	3/2.5	1,680 (-2%)	7mo	$340,000	$202	66
2905 Watts Ln	0.37mi	3/2.0	1,544 (-10%)	4mo	$331,000	$214	63
2632 Piney Ridge Dr	0.50mi	4/2.5 (+1)	1,680 (-2%)	8mo	$355,000	$211	60
201 St Claire Ln	0.56mi	3/1.0	1,742 (+2%)	9mo	$238,000	$137	60
1712 Binford Ct	0.48mi	3/2.5	1,508 (-12%)	10mo	$330,000	$219	48
2124 Rhudy St	0.68mi	4/2.0 (+1)	1,863 (+9%)	4mo	$190,000	$102	46
2516 Grand Glen Rd	0.49mi	4/2.5 (+1)	1,952 (+14%)	6mo	$385,000	$197	42
2126 Rhudy St	0.67mi	4/2.5 (+1)	1,513 (-12%)	2mo	$370,000	$245	40

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 · 6.38% rent growth · sell at horizon

5-year hold

• IRR: -15.1%
• Equity multiple: 0.45×
• Total profit: $-42,549
• Equity at exit: $41,003

10-year hold

• IRR: -2.0%
• Equity multiple: 0.84×
• Total profit: $-12,069
• Equity at exit: $23,777

Cash invested: $77,000 (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 23223

• Rents YoY: 6.4%
• Active inventory: 337
• Price-to-rent: 11.1×

Monthly cashflow live

• Estimated rent: $2,068 high
• Mortgage (P&I): −$1,442
• Tax from tax record: −$158 /mo · $1,895/yr
• Insurance: −$115
• HOA: −$0
• Vacancy / Maint / Mgmt: −$434
• Net cashflow: $-81

Break-even live

Break-even rent $2,170

Max offer price $260,651

Occupancy floor 99%

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: $68,750
• Closing costs: $8,250
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2213 Capp Rd Richmond, VA	3.0	2.0	1572	$2,200	$1.40	17d	1	0.36mi
3411 Oxnard Rd Richmond, VA	3.0	1.0	1083	$1,795	$1.66	17d	1	0.40mi
3615 Ammons Ave Richmond, VA	3.0	1.0	1200	$1,595	$1.33	14d	1	0.63mi
3217 Hunters Mill Dr Richmond, VA	3.0	1.5	1178	$1,975	$1.68	43d	1	0.72mi
3221 Hunters Mill Dr Richmond, VA	3.0	2.0	1254	$1,750	$1.40	3d	1	0.74mi
3231 Hunters Mill Dr Richmond, VA	2.0	1.5	1064	$1,550	$1.46	23d	1	0.75mi
3101 Divine Dr Richmond, VA	3.0	2.5	1525	$2,700	$1.77	3d	1	0.79mi
4121 Concord Creek PL Richmond, VA	1.0–2.0	1.0–2.0	892	$2,570	$2.88	1d	26	0.97mi
3317 Waverly Blvd Unit B Richmond, VA	3.0	2.0	1500	$1,875	$1.25	17d	1	1.06mi
1519 Byron St Richmond, VA	3.0	1.5	1384	$1,700	$1.23	3d	1	1.08mi
4100 Concord Creek Pl Richmond, VA	1.0–3.0	1.0–2.0	912	$2,395	$2.62	1d	30	1.10mi
2153 Cool Ln Richmond, VA	2.0	1.0	1148	$1,080	$0.94	43d	1	1.10mi
4019 Grand Reserve Ln Richmond, VA	3.0	2.5	1606	$3,000	$1.87	23d	1	1.11mi
3103 Dill Ave Richmond, VA	3.0	1.5	1380	$2,050	$1.49	23d	1	1.14mi
3017 Dill Ave Richmond, VA	4.0	2.0	1578	$1,895	$1.20	3d	1	1.19mi
4184 Park Trail Dr Richmond, VA	3.0	2.5	1606	$2,525	$1.57	3d	1	1.20mi
3007 3rd Ave Richmond, VA	3.0	3.0	2036	$2,295	$1.13	43d	1	1.22mi
4100 Montclair Rd Richmond, VA	3.0	2.0	1942	$2,450	$1.26	43d	1	1.22mi
2106 Newbourne St Richmond, VA	3.0	2.0	1172	$1,875	$1.60	43d	1	1.29mi
3511 1st Ave Richmond, VA	4.0	1.5	1600	$2,050	$1.28	23d	1	1.32mi
3903 Dominion Townes Cir Unit 1 Richmond, VA	3.0	2.5	1936	$3,100	$1.60	1d	1	1.34mi
3202 1st Ave Richmond, VA	3.0	2.5	1440	$2,062	$1.43	21d	1	1.36mi
2810 2nd Ave Richmond, VA	2.0	1.0	1120	$1,950	$1.74	43d	1	1.38mi
1614 N 19th St Richmond, VA	4.0	2.0	1584	$2,395	$1.51	4d	1	1.40mi
3621 Enslow Ave Richmond, VA	2.0	1.5	1232	$2,850	$2.31	23d	1	1.42mi
3425 Carolina Ave Unit B Richmond, VA	3.0	1.0	1300	$1,400	$1.08	23d	1	1.46mi
3425 Carolina Ave Unit A Richmond, VA	3.0	1.0	1300	$1,400	$1.08	43d	1	1.46mi

Listing history 15 events

1. 2026-06-09
   days on market $275,000 Active 61 DOM
2. 2026-06-08
   days on market $275,000 Active 60 DOM
3. 2026-06-07
   days on market $275,000 Active 59 DOM
4. 2026-06-05
   days on market $275,000 Active 56 DOM
5. 2026-06-03
   days on market $275,000 Active 55 DOM
6. 2026-06-02
   days on market $275,000 Active 54 DOM
7. 2026-06-01
   days on market $275,000 Active 53 DOM
8. 2026-05-31
   days on market $275,000 Active 52 DOM
9. 2026-05-14
   price $275,000 1467-char remark

   Show marketing remark (1467 chars)

   This exceptional opportunity in one of Richmond's most desirable growing neighborhoods features a charming 3-bedroom, 2-bathroom home spanning over 1,700 sq ft of single-level living—perfect for first-time buyers, savvy investors, and anyone seeking a property with tremendous upside potential. Situated on a generous corner lot in a rapidly appreciating area, this home enjoys exceptional accessibility between I-64 and I-295, placing you minutes from shopping, dining, schools, and major employment centers. Indulge in your primary suite retreat featuring recessed lighting, a welcoming fireplace, and an expansive walk-in closet awaiting your personal touch. Discover the timeless elegance of original hardwood floors ready for restoration to reveal their stunning natural character and warmth. Enjoy seamless flow and accessibility throughout the entire single-level home, while the spacious corner lot provides extra outdoor space and natural light for endless possibilities. This is your chance to own a property in an up-and-coming area with a comprehensive home inspection is available for full transparency, and a 1-year American Preferred Home Warranty included for peace of mind. Whether you're a first-time homebuyer building equity, an investor seeking strong returns, or someone ready to create their forever home, this property offers exceptional value and tremendous potential. Don't miss this rare opportunity—schedule your showing today!

10. 2026-04-08
    listed $285,000 Active 1467-char remark

    Show marketing remark (1467 chars)

    This exceptional opportunity in one of Richmond's most desirable growing neighborhoods features a charming 3-bedroom, 2-bathroom home spanning over 1,700 sq ft of single-level living—perfect for first-time buyers, savvy investors, and anyone seeking a property with tremendous upside potential. Situated on a generous corner lot in a rapidly appreciating area, this home enjoys exceptional accessibility between I-64 and I-295, placing you minutes from shopping, dining, schools, and major employment centers. Indulge in your primary suite retreat featuring recessed lighting, a welcoming fireplace, and an expansive walk-in closet awaiting your personal touch. Discover the timeless elegance of original hardwood floors ready for restoration to reveal their stunning natural character and warmth. Enjoy seamless flow and accessibility throughout the entire single-level home, while the spacious corner lot provides extra outdoor space and natural light for endless possibilities. This is your chance to own a property in an up-and-coming area with a comprehensive home inspection is available for full transparency, and a 1-year American Preferred Home Warranty included for peace of mind. Whether you're a first-time homebuyer building equity, an investor seeking strong returns, or someone ready to create their forever home, this property offers exceptional value and tremendous potential. Don't miss this rare opportunity—schedule your showing today!

11. 2014-03-04
    soldstatus $126,500
12. 2014-02-27
    soldstatus $126,500 799-char remark

    Show marketing remark (799 chars)

    Spacious 3 bedrooms, 2 full baths, screened in porch, huge master suite, fireplace, dining room, laundry room, over 1700 SF of move-in-ready and done for you space all on one floor. Renovations include NEW 30 year roof, NEW heat pump and duct work, upgraded electrical, NEW plumbing and numerous upgrades. Renovated kitchen includes NEW cabinets, NEW countertop, NEW stainless steel appliances. Both bathrooms are newly renovated with new fixtures. You will love the gorgeous & charming hardwood floors. The master bedroom is huge an amazing with recessed lighting, gorgeous master bath and big walk in closet. The outdoor space is perfect for entertaining and includes a very nice screened in porch. Seller will provide $3,500 of closing cost assistance for buyer and provide a home warranty

13. 2014-01-20
    historical 799-char remark

    Show marketing remark (799 chars)

    Spacious 3 bedrooms, 2 full baths, screened in porch, huge master suite, fireplace, dining room, laundry room, over 1700 SF of move-in-ready and done for you space all on one floor. Renovations include NEW 30 year roof, NEW heat pump and duct work, upgraded electrical, NEW plumbing and numerous upgrades. Renovated kitchen includes NEW cabinets, NEW countertop, NEW stainless steel appliances. Both bathrooms are newly renovated with new fixtures. You will love the gorgeous & charming hardwood floors. The master bedroom is huge an amazing with recessed lighting, gorgeous master bath and big walk in closet. The outdoor space is perfect for entertaining and includes a very nice screened in porch. Seller will provide $3,500 of closing cost assistance for buyer and provide a home warranty

14. 2013-12-27
    listed $129,900 799-char remark

    Show marketing remark (799 chars)

    Spacious 3 bedrooms, 2 full baths, screened in porch, huge master suite, fireplace, dining room, laundry room, over 1700 SF of move-in-ready and done for you space all on one floor. Renovations include NEW 30 year roof, NEW heat pump and duct work, upgraded electrical, NEW plumbing and numerous upgrades. Renovated kitchen includes NEW cabinets, NEW countertop, NEW stainless steel appliances. Both bathrooms are newly renovated with new fixtures. You will love the gorgeous & charming hardwood floors. The master bedroom is huge an amazing with recessed lighting, gorgeous master bath and big walk in closet. The outdoor space is perfect for entertaining and includes a very nice screened in porch. Seller will provide $3,500 of closing cost assistance for buyer and provide a home warranty

15. 1985-07-01
    soldstatus $45,000

ⓘ 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: $1,895 · $158/mo
• Projected year-2 tax: $2,255 · $188/mo
• Expected delta: +$360/yr (+$30/mo · 19.0%)

ⓘ 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 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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,811
• − Mortgage interest: −$15,404
• − Property taxes: −$1,895
• − Insurance: −$1,375
• − Repairs & maintenance: −$1,985
• − Management: −$1,985
• − Depreciation: −$8,000
• Taxable loss: −$5,833
• Est. tax savings @ 24.0%: +$1,400
• After-tax cash flow: $425/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: Henrico County Public School District
• NCES district ID: 5101890
• Math proficiency: 49% ▼ -32.00%
• Reading proficiency: 64% ▼ -12.00%
• Median HH income: $61,854
• Composite: 49.25/100
• National rank: #2031
• State rank: #68 of 131 in VA

Livability — East Highland Park

• Score: 72/100
• State rank: #197
• US rank: #6099

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: East Highland Park, VA
• County: Henrico County · 334,490 people
• Metro: Richmond, VA
• Population (ZIP): 54,659
• Household income: $55,731
• Rent vs Own: 56.2% rent · 43.8% own
• Severe rent burden: 3530.0

Population outlook (Henrico County) Hauer SSP2

• Today (2025): 365,885 people
• By 2030: 384,255 · +5.0%
• By 2040: 416,688 · +13.9%
• By 2050: 442,376 · +20.9%
• By 2075: 488,037 · +33.4%
• By 2100: 487,430 · +33.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (71%)
• Race & ethnicity: Black 71% White 19% Two or more races 5% Hispanic / Latino 5%
• Common ancestry: Romanian 1% Lithuanian 1% Slovak 1%
• Foreign-born: 4% · Canada
• Languages at home: 93% English-only · Spanish 4% French/Haitian/Cajun 1% Other Indo-European 1%

Political lean MEDSL · Henrico

• 2024 margin: Strong D (+28.9) · D 63.7% · R 34.8% · Other 1.5%
• 2008→2024 swing: +16.6pp toward D · 2008: 12.2pp · 2024: 28.9pp
• All cycles: 2024: D+28.9 2020: D+29.0 2016: D+21.0 2012: D+11.7 2008: D+12.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -257.81%
• Current HPI: 324.0589
• Rent YoY: ▲ 6.38%
• 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

+511.1% since first listed

7 events — show timeline

• 2026-05-14 Price Changed $275,000 CVRMLS
• 2026-04-08 Listed $285,000 CVRMLS
• 2014-03-04 Sold (Public Records) $126,500 Public Records
• 2014-02-27 Sold (MLS) $126,500 CVRMLS
• 2014-01-20 Listing Removed — CVRMLS
• 2013-12-27 Listed $129,900 CVRMLS
• 1985-07-01 Sold (Public Records) $45,000 Public Records

Property tax history

+5.3%/yr

Latest (2025): $1,895 · +4.2% YoY. Source: county tax records.