9007 Prince Rd · Laurel, VA 23228

$250,000

4 bd · 2.5 ba · 2,560 sqft · SingleFamily public records · 5 Days on market

Built 1974 10,589 sqft lot $98/sqft · 35% below area Est $387k · 35% under

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Why this score? — see what drove the B- 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 +25.8/30.0
• ARV discount +15.0/15.0
• DSCR +8.6/10.0
• 1% rule +5.7/10.0
• Schools +4.9/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Investors, home owners looking for a buy and working of some sweat equity COME AND GET IT! 4 bedroom with 2.5 baths two-level home in a quiet neighborhood. Upstairs holds the kitchen with sliding doors out to deck, Dining Room, Living Room along with 3 bedrooms and 2 full baths(1 hallway and 1 in Primary bedroom). Foyer that opens out the front to a covered porch. The lower level has a large Family Room with Bar and wood stove along with sliding doors out to the patio, another bedroom with a half bath in hallway, Laundry Room and and a bonus room which opens out to the driveway. Family is working to get as much out of the house as possible. Home is being sold AS IS WHERE IS. Estate is givin

Key facts

• 0.24 acre lot
• Parking
• Built 1974

Property features AI

Exterior

• Parking: Driveway (paved)
• Utilities: Public water; Public sewer
• Home design: 2 stories; Resale property; R3 zoning
• Construction: Brick and block construction; Composition shingle roof; Full basement
• Exterior features: Front porch; Deck; Porch; Shed / storage; Outbuilding; Paved driveway

Interior

• Kitchen: Electric cooking; Stove; Microwave; Refrigerator; Dishwasher
• Bedrooms: Bedroom on main level; One bedroom on the first level; Two bedrooms on the third level
• Flooring: Wood; Laminate; Linoleum; Partially carpeted; Hardwood floors in living and dining rooms
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Central air; Heat pump; Baseboard heating; Oil heating; Wood stove
• Interior features: Sliding doors; Bay window; Laminate counters; Bedroom on main level; Masonry wood-burning fireplace
• Laundry & utility: Washer and dryer; Electric water heater

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $250k.

Deal economics

• At list price, monthly cash flow is $607 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $250k).
• Cap rate 9.2% vs local median 4.5% in Laurel — 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 73/100 on livability (#181 in VA) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, cost of living B+; Watch: commute F.
• 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 soft (-0.1%/yr); 143 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 1,826 units permitted in Henrico County in 2024 (785 in 5+ unit buildings).
• At $2,677/mo this rent would consume 46% of the median local household income ($70k/yr) (locally 1712% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

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

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

Risks & watch-outs

• Climate carrying-cost: moderate wind risk, 26% 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 $250,000

Questions for the listing agent

1. Built in 1974 — 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. 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.
4. 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.
5. 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: 1.07% ✓
• Cap rate: 9.21%
• Cash-on-cash: 10.40%
• DSCR: 1.46
• GRM: 7.8

CMA / ARV

• ARV (median comp): $387,115
• List price: $250,000
• Delta: -35.42%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
9007 Prince Rd	0.00mi	4/2.5	2,560 (0%)	0mo	$325,000	$127	100
1702 Joycelyn Ct	0.28mi	4/2.5	2,586 (+1%)	15mo	$403,100	$156	72
9015 Tweed Rd	0.07mi	4/2.5	2,304 (-10%)	10mo	$384,000	$167	72
1635 Forest Glen Rd	0.51mi	4/2.5	2,430 (-5%)	7mo	$360,000	$148	62
9421 Laughing Oak Ct	0.36mi	4/2.5	2,756 (+8%)	13mo	$539,000	$196	59
1904 Brilland Ct	0.48mi	4/2.5	2,344 (-8%)	7mo	$490,000	$209	57
2225 Thomas Kenney Dr	0.73mi	4/2.5	2,402 (-6%)	2mo	$505,000	$210	54
2288 Thomas Kenney Dr	0.62mi	4/2.5	2,234 (-13%)	0mo	$520,000	$233	50
1905 Reagan Rd	0.59mi	4/3.0	2,452 (-4%)	17mo	$389,700	$159	49
9007 Lydell Dr	0.57mi	3/2.0 (-1)	2,450 (-4%)	14mo	$425,000	$173	48
9201 Wilmecote Ave	0.72mi	4/3.0	2,894 (+13%)	3mo	$570,000	$197	40
1625 Forest Glen Rd	0.59mi	5/3.5 (+1)	2,910 (+14%)	5mo	$588,000	$202	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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -3.9%
• Equity multiple: 0.86×
• Total profit: $-9,802
• Equity at exit: $37,276

10-year hold

• IRR: 2.4%
• Equity multiple: 1.15×
• Total profit: $10,529
• Equity at exit: $21,615

Cash invested: $70,000 (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 23228

• Rents YoY: -0.1%
• Active inventory: 143
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $2,677 high
• Mortgage (P&I): −$1,311
• Tax from tax record: −$93 /mo · $1,112/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$562
• Net cashflow: $607

Break-even live

Break-even rent $1,909

Max offer price $250,000

Occupancy floor 72%

Sensitivity live

Price	-10% $748	-5% $678	+0% $607	+5% $536	+10% $465
Rent	-10% $395	-5% $501	+0% $607	+5% $713	+10% $818
Rate	-1.0pp $733	-0.5pp $670	base $607	+0.5pp $542	+1.0pp $476

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9284 Magellan Pkwy Unit B Glen Allen, VA	3.0	2.5	2345	$3,200	$1.36	44d	1	0.98mi
809 Birchwood Hill Pl Unit B Glen Allen, VA	3.0	2.5	2452	$2,650	$1.08	24d	1	0.98mi
642 Brookwood Glen Ter Unit B Glen Allen, VA	3.0	2.5	2345	$2,600	$1.11	24d	1	1.12mi
648 Brookwood Glen Ter Glen Allen, VA	3.0	2.5	2345	$2,695	$1.15	24d	1	1.14mi
10506 Marions Way Glen Allen, VA	3.0	3.5	2071	$2,550	$1.23	21d	1	1.18mi
8837 Foxway Ridge Ln Glen Allen, VA	3.0	3.5	2200	$2,800	$1.27	17d	1	1.18mi
470 Rivanna Hill Rd Glen Allen, VA	3.0	3.5	2138	$2,680	$1.25	44d	1	1.23mi

Listing history 2 events

1. 2026-05-11
   status Pending 1025-char remark
2. 2026-05-06
   listed $250,000 Active 1025-char remark

ⓘ 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: $1,112 · $93/mo
• Projected year-2 tax: $2,050 · $171/mo
• Expected delta: +$938/yr (+$78/mo · 84.3%)

ⓘ 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 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥103°F today · 17 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 26% 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: $32,122
• − Mortgage interest: −$14,004
• − Property taxes: −$1,112
• − Insurance: −$1,250
• − Repairs & maintenance: −$2,570
• − Management: −$2,570
• − Depreciation: −$7,273
• Taxable income: $3,344
• Est. tax owed @ 24.0%: −$802
• After-tax cash flow: $6,479/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 — Laurel

• Score: 73/100
• State rank: #181
• US rank: #5541

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Henrico County · 334,490 people
• City population: 36,435
• Metro: Richmond, VA
• Population (ZIP): 36,527
• Household income: $70,260
• Rent vs Own: 48.2% rent · 51.8% own
• Severe rent burden: 1712.0

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: Diverse neighborhood (Simpson 0.67)
• Race & ethnicity: White 50% Black 25% Hispanic / Latino 13% Two or more races 9% Asian 6%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Slovak 2% Lithuanian 1% Serbian 1%
• Foreign-born: 16% · Canada, Vietnam, India
• Languages at home: 79% English-only · Spanish 12% Other Indo-European 3% Arabic 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: ▼ -342.74%
• Current HPI: 349.8903
• Rent YoY: ▼ -0.07%
• 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

+30.0% since first listed

3 events — show timeline

• 2026-06-10 Sold (MLS) $325,000 CVRMLS
• 2026-05-11 Pending — CVRMLS
• 2026-05-06 Listed $250,000 CVRMLS

Property tax history

-10.4%/yr

Latest (2022): $1,112 · -35.7% YoY. Source: county tax records.