219 Allgood Rd · Thynedale, VA 23924

$199,000

3 bd · 2.0 ba · 2,833 sqft · SingleFamily public records · 222 Days on market

Built 1830 7.53 ac lot

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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 +21.4/30.0
• ARV discount +7.5/15.0
• DSCR +6.8/10.0
• Appreciation +6.0/10.0
• Schools +5.4/10.0
• 1% rule +4.5/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

PRICE REDUCED & READY TO SELL - 1830 Stately 3 Bedroom 2 Bath Colonial sits majestically on 17.5 Country Acres with a mixture of open fields, woodlands, garden areas, a meandering stream, a 26 x 24 2 Bay Workshop and a couple of storage buildings. On the 1st Floor is a Sunroom overlooking a Large Tiered Deck, Living Room, Entry Hall, Master Bedroom, Full Bath, Side Entry Hallway, Large Country Eat In Kitchen and Pantry. On the 2nd Floor is a Large Hallway Sitting Area, 2 Bedrooms, a Full Bath, another Large Hallway and a Family Room. Amenities include 6 Fireplaces, Large Rooms, Tall Ceilings, Wood Floors, Ornate Moldings, & Wainscoting. Some updates to Well & Septic 1995, Plumbing & Electric 1995, Insulation 1995, Siding 2001, Windows 2005. All located only 15 minutes from Beautiful 50,000 Acre Kerr Lake. Ready for your special updates. Bring your tool belt, come for a visit & stay for a lifetime

Key facts

• 7.53 acres
• 3 staircases
• Sun room

Tags

• CIRCA 1830 HOME
• 7.53 ACRES
• FORMAL PARLOR
• MULTIPLE SITTING ROOMS
• 3 STAIRCASES
• SUN ROOM

Property features AI

Finance

• Other: Zoned AG; Approximately 7.53-acre lot

Exterior

• Parking: 2 total parking spaces; 2 covered spaces; 2-car garage; Carport; Open parking with gravel surface
• Utilities: Private well water; Septic tank
• Home design: Single-family residence; Two stories
• Construction: Vinyl siding; Metal roof; Combination/other foundation; Built above grade with finished living area
• Exterior features: Deck; Patio; Garden; Storage; Workshop; Creek on the property; Has a view

Interior

• Kitchen: Gas range; Refrigerator; Freezer
• Flooring: Tile; Hardwood; Wood
• Bathrooms: 2 full bathrooms
• Heating & cooling: No central cooling; Ceiling fans
• Interior features: Ceiling fans; High ceilings; Vaulted ceilings; Entrance foyer; Wood-burning and gas/electric fireplaces in living room, dining room, kitchen
• Laundry & utility: Washer hookup; Washer; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $199k.

Deal economics

• At list price, monthly cash flow is $297 ($4k/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 $189k (5.0% below list).
• Recommended offer: $175k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 58/100 on livability (#484 in VA) — a working-class tenant base; expect higher turnover. Strengths: employment A+, cost of living A+, crime A; Watch: health & safety C-, amenities F, commute F.
• Mecklenburg County Public School District (rural): math 57% / reading 72% proficiency, ranked #49 of 131 in VA (top 37%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Chase City Elementary (math 47% / reading 57%, grade C-, #696 of 1,108 statewide, top 66%, 387 students, 89% FRL); Mecklenburg County Middle (874 students, 88% FRL); Mecklenburg County High (1,163 students, 88% FRL) — zoned schools average 88% FRL vs 54% district-wide (35 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 52% at this address vs 64% district-wide (-12 pts) — the specific schools serving this property underperform the Mecklenburg County Public School District average; the district grade overstates school quality for this exact location.
• Market conditions: 41 active listings in the ZIP; 153 units permitted in Mecklenburg County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $5k of equity ($1k loan paydown + $4k appreciation (2.0% local appreciation)).
• Mecklenburg County population projected at -26% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (2.0% appreciation + 3.0% rent growth), your $56k cash investment doubles in ~6 years — after that, you're playing with house money.
• By year 7, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 222 days — a 12% lower offer ($175k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 7y ago; this cycle's ask has dropped $19k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $135k; 47% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1830 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $175,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 222 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1830 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 0.95% ✗
• Cap rate: 8.08%
• Cash-on-cash: 6.39%
• DSCR: 1.28
• GRM: 8.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

2.04% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 10.9%
• Equity multiple: 1.59×
• Total profit: $32,860
• Equity at exit: $78,917

10-year hold

• IRR: 13.8%
• Equity multiple: 2.85×
• Total profit: $103,267
• Equity at exit: $113,970

Cash invested: $55,720 (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 23924

• Home prices YoY: 1.3%
• Active inventory: 41
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $1,890 medium
• Mortgage (P&I): −$1,044
• Tax from tax record: −$70 /mo · $840/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$397
• Net cashflow: $297

Break-even live

Break-even rent $1,515

Max offer price $199,000

Occupancy floor 79%

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: $49,750
• Closing costs: $5,970
• Reserves months: —
• Total cash needed: —

Listing history 11 events

1. 2026-06-01
   statusdays on market $199,000 Pending 222 DOM
2. 2026-05-31
   days on market $199,000 Active 221 DOM
3. 2026-05-31
   days on market $199,000 Active 220 DOM
4. 2026-05-12
   status Active
5. 2026-04-29
   status Pending
6. 2026-04-24
   price $199,000
7. 2026-03-05
   status Active
8. 2026-01-29
   historical Active Under Contract
9. 2025-10-04
   listed $218,000 Active
10. 2020-04-08
    soldstatus $135,000 938-char remark

    Show marketing remark (938 chars)

    PRICE REDUCED & READY TO SELL - 1830 Stately 3 Bedroom 2 Bath Colonial sits majestically on 17.5 Country Acres with a mixture of open fields, woodlands, garden areas, a meandering stream, a 26 x 24 2 Bay Workshop and a couple of storage buildings. On the 1st Floor is a Sunroom overlooking a Large Tiered Deck, Living Room, Entry Hall, Master Bedroom, Full Bath, Side Entry Hallway, Large Country Eat In Kitchen and Pantry. On the 2nd Floor is a Large Hallway Sitting Area, 2 Bedrooms, a Full Bath, another Large Hallway and a Family Room. Amenities include 6 Fireplaces, Large Rooms, Tall Ceilings, Wood Floors, Ornate Moldings, & Wainscoting. Some updates to Well & Septic 1995, Plumbing & Electric 1995, Insulation 1995, Siding 2001, Windows 2005. All located only 15 minutes from Beautiful 50,000 Acre Kerr Lake. Ready for your special updates. Bring your tool belt, come for a visit & stay for a lifetime

11. 2019-06-06
    listed $159,995 938-char remark

    Show marketing remark (938 chars)

    PRICE REDUCED & READY TO SELL - 1830 Stately 3 Bedroom 2 Bath Colonial sits majestically on 17.5 Country Acres with a mixture of open fields, woodlands, garden areas, a meandering stream, a 26 x 24 2 Bay Workshop and a couple of storage buildings. On the 1st Floor is a Sunroom overlooking a Large Tiered Deck, Living Room, Entry Hall, Master Bedroom, Full Bath, Side Entry Hallway, Large Country Eat In Kitchen and Pantry. On the 2nd Floor is a Large Hallway Sitting Area, 2 Bedrooms, a Full Bath, another Large Hallway and a Family Room. Amenities include 6 Fireplaces, Large Rooms, Tall Ceilings, Wood Floors, Ornate Moldings, & Wainscoting. Some updates to Well & Septic 1995, Plumbing & Electric 1995, Insulation 1995, Siding 2001, Windows 2005. All located only 15 minutes from Beautiful 50,000 Acre Kerr Lake. Ready for your special updates. Bring your tool belt, come for a visit & stay for a lifetime

ⓘ 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: $840 · $70/mo
• Projected year-2 tax: $1,632 · $136/mo
• Expected delta: +$792/yr (+$66/mo · 94.3%)

ⓘ 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 6/10 Major 7 d/yr ≥105°F today · 17 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 20% 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: $22,681
• − Mortgage interest: −$11,147
• − Property taxes: −$840
• − Insurance: −$995
• − Repairs & maintenance: −$1,815
• − Management: −$1,815
• − Depreciation: −$5,789
• Taxable income: $281
• Est. tax owed @ 24.0%: −$68
• After-tax cash flow: $3,493/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: Mecklenburg County Public School District
• NCES district ID: 5102460
• Math proficiency: 57% ▼ -29.00%
• Reading proficiency: 72% ▼ -7.00%
• Median HH income: $37,491
• Composite: 53.55/100
• National rank: #1446
• State rank: #49 of 131 in VA

Livability — Thynedale

• Score: 58/100
• State rank: #484
• US rank: #21143

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 5,709

Population outlook (Mecklenburg County) Hauer SSP2

• Today (2025): 28,332 people
• By 2030: 26,742 · -5.6%
• By 2040: 23,502 · -17.0%
• By 2050: 20,851 · -26.4%
• By 2075: 17,525 · -38.1%
• By 2100: 14,524 · -48.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (60%)
• Race & ethnicity: White 60% Black 36% Hispanic / Latino 3% Two or more races 1%
• Common ancestry: Slovak 3% Italian 1%
• Foreign-born: 2% · Canada
• Languages at home: 98% English-only · Spanish 2%

Political lean MEDSL · Mecklenburg

• 2024 margin: Strong R (+20.8) · D 39.4% · R 60.2%
• 2008→2024 swing: -16.2pp toward R · 2008: -4.6pp · 2024: -20.8pp
• All cycles: 2024: R+20.8 2020: R+15.2 2016: R+11.3 2012: R+7.2 2008: R+4.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.04%
• Current HPI: 155.5959
• 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

+24.4% since first listed

8 events — show timeline

• 2026-05-12 Relisted — SPLLAR
• 2026-04-29 Pending — SPLLAR
• 2026-04-24 Price Changed $199,000 SPLLAR
• 2026-03-05 Relisted — SPLLAR
• 2026-01-29 Contingent — SPLLAR
• 2025-10-04 Listed $218,000 SPLLAR
• 2020-04-08 Sold (MLS) $135,000 SPLLAR
• 2019-06-06 Listed $159,995 SPLLAR

Property tax history

+1.4%/yr

Latest (2025): $840 · +0.0% YoY. Source: county tax records.