219 Southland Dr · Danville, VA 24541

$159,900

3 bd · 1.0 ba · 1,545 sqft · SingleFamily public records · 328 Days on market

Built 1953 0.33 ac lot $103/sqft · 11% below area Est $179k · 11% under ↓ 20% since listing

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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 +17.0/30.0
• ARV discount +12.3/15.0
• DSCR +5.3/10.0
• Livability +3.9/5.0
• 1% rule +3.5/10.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

LARGE ONE LEVEL HOME NICE BEDROOMS PARKING ON BACK SIDE OF PROPERTY

Key facts

• 0.33 acre lot
• Listed 327 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $108 ($1k/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 $136k (14.8% below list).
• Recommended offer: $136k (14.8% below list) — sets the bar for 1% rule.
• Cap rate 7.1% vs local median 5.2% in Danville — 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 77/100 on livability (#91 in VA, #2,952 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities D+, crime D-, commute F.
• Danville City Public School District (town): math 30% / reading 44% proficiency, ranked #128 of 131 in VA (top 98%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 71% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Edwin A. Gibson Elementary (math 17% / reading 37%, grade F, #1,029 of 1,108 statewide, top 94%, 518 students, 94% FRL); Westwood Middle (math 22% / reading 40%, grade F, #333 of 342 statewide, top 97%, 609 students, 90% FRL); George Washington High (math 44% / reading 54%, grade D, #300 of 319 statewide, top 94%, 1,309 students, 88% FRL) — zoned schools average 91% FRL vs 71% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 249 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 54 units permitted in Danville city in 2024 (40 in 5+ unit buildings).
• This rent runs 32% of the median local income ($51k/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 $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Danville County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 328 days — a 12% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $40k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1953 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $136,295 (14.8% below list)

Questions for the listing agent

1. It's been on market 328 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
2. Built in 1953 — 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 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?
6. Crime grade is D 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?
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: 0.85% ✗
• Cap rate: 7.10%
• Cash-on-cash: 2.89%
• DSCR: 1.13
• GRM: 9.8

CMA / ARV

• ARV (median comp): $179,197
• List price: $159,900
• Delta: -10.77%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
131 Confederate Ave	0.06mi	3/1.5	1,635 (+6%)	10mo	$220,000	$135	77
1180 Pumpkin Creek Ln	0.23mi	3/2.0	1,742 (+13%)	3mo	$295,000	$169	61
125 Hughes St	0.61mi	3/1.0	1,540 (-0%)	19mo	$70,000	$45	55
133 Grove Park Cir	0.19mi	4/2.0 (+1)	1,644 (+6%)	22mo	$259,000	$158	53
1586 Fulton Hts	0.55mi	3/1.0	1,676 (+8%)	13mo	$134,900	$80	49
200 Hughes St	0.68mi	4/1.0 (+1)	1,588 (+3%)	16mo	$45,000	$28	45
128 Kemper Rd	0.59mi	3/2.0	1,325 (-14%)	4mo	$190,000	$143	42
210 Kemper Rd	0.64mi	4/2.0 (+1)	1,431 (-7%)	23mo	$190,000	$133	30

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: -11.8%
• Equity multiple: 0.57×
• Total profit: $-19,112
• Equity at exit: $23,842

10-year hold

• IRR: -2.7%
• Equity multiple: 0.82×
• Total profit: $-8,063
• Equity at exit: $13,825

Cash invested: $44,772 (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 24541

• Home prices YoY: -17.1%
• Active inventory: 249
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $1,363 medium
• Mortgage (P&I): −$839
• Tax from tax record: −$64 /mo · $766/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$286
• Net cashflow: $108

Break-even live

Break-even rent $1,227

Max offer price $159,900

Occupancy floor 87%

Sensitivity live

Price	-10% $198	-5% $153	+0% $108	+5% $62	+10% $17
Rent	-10% $0	-5% $54	+0% $108	+5% $162	+10% $215
Rate	-1.0pp $188	-0.5pp $148	base $108	+0.5pp $66	+1.0pp $24

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
181 Banner St Danville, VA	3.0	1.0	1176	$1,389	$1.18	45d	1	0.74mi
1244 Stokes St Danville, VA	4.0	1.0	1153	$1,100	$0.95	45d	1	1.02mi
717 Temple Ave Danville, VA	3.0	1.5	1327	$1,179	$0.89	45d	1	1.43mi
423 Chestnut St Unit 1 Danville, VA	2.0	1.0	1200	$1,400	$1.17	45d	1	1.47mi

Listing history 21 events

1. 2026-06-21
   days on market $159,900 Active 328 DOM
2. 2026-06-19
   days on market $159,900 Active 326 DOM
3. 2026-06-18
   days on market $159,900 Active 325 DOM
4. 2026-06-17
   days on market $159,900 Active 324 DOM
5. 2026-06-16
   days on market $159,900 Active 323 DOM
6. 2026-06-15
   days on market $159,900 Active 322 DOM
7. 2026-06-14
   days on market $159,900 Active 320 DOM
8. 2026-06-13
   days on market $159,900 Active 319 DOM
9. 2026-06-10
   days on market $159,900 Active 317 DOM
10. 2026-06-09
    days on market $159,900 Active 316 DOM
11. 2026-06-08
    days on market $159,900 Active 315 DOM
12. 2026-06-07
    days on market $159,900 Active 314 DOM
13. 2026-06-05
    days on market $159,900 Active 311 DOM
14. 2026-06-02
    days on market $159,900 Active 309 DOM
15. 2026-06-01
    days on market $159,900 Active 308 DOM
16. 2026-05-31
    days on market $159,900 Active 307 DOM
17. 2026-05-30
    days on market $159,900 Active 306 DOM
18. 2026-03-04
    status Active 67-char remark

    Show marketing remark (67 chars)

    LARGE ONE LEVEL HOME NICE BEDROOMS PARKING ON BACK SIDE OF PROPERTY

19. 2026-02-16
    status Active 67-char remark

    Show marketing remark (67 chars)

    LARGE ONE LEVEL HOME NICE BEDROOMS PARKING ON BACK SIDE OF PROPERTY

20. 2025-09-30
    price $159,900 67-char remark

    Show marketing remark (67 chars)

    LARGE ONE LEVEL HOME NICE BEDROOMS PARKING ON BACK SIDE OF PROPERTY

21. 2025-07-09
    listed $200,000 Active 67-char remark

    Show marketing remark (67 chars)

    LARGE ONE LEVEL HOME NICE BEDROOMS PARKING ON BACK SIDE OF PROPERTY

ⓘ 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: $766 · $64/mo
• Projected year-2 tax: $1,311 · $109/mo
• Expected delta: +$545/yr (+$45/mo · 71.1%)

ⓘ 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 6/10 Major 7 d/yr ≥104°F today · 19 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 7% 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: $16,355
• − Mortgage interest: −$8,957
• − Property taxes: −$766
• − Insurance: −$800
• − Repairs & maintenance: −$1,308
• − Management: −$1,308
• − Depreciation: −$4,652
• Taxable loss: −$1,436
• Est. tax savings @ 24.0%: +$345
• After-tax cash flow: $1,637/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: Danville City Public School District
• NCES district ID: 5101110
• Math proficiency: 30% ▼ -22.00%
• Reading proficiency: 44% ▼ -8.00%
• Median HH income: $31,952
• Composite: 30.23/100
• National rank: #6298
• State rank: #128 of 131 in VA

Livability — Danville

• Score: 77/100
• State rank: #91
• US rank: #2952

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Danville, VA
• County: Danville City · 59,055 people
• City population: 59,055
• Metro: Danville, VA
• Population (ZIP): 28,042
• Household income: $51,427
• Rent vs Own: 46.3% rent · 53.7% own
• Severe rent burden: 1399.0

Population outlook (Danville County) Hauer SSP2

• Today (2025): 40,989 people
• By 2030: 40,432 · -1.4%
• By 2040: 39,255 · -4.2%
• By 2050: 38,035 · -7.2%
• By 2075: 35,612 · -13.1%
• By 2100: 30,365 · -25.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 50% Black 39% Two or more races 7% Hispanic / Latino 5% Asian 2%
• Common ancestry: Slovak 2% Serbian 2% Lithuanian 1%
• Foreign-born: 4% · Canada, Dominican Republic
• Languages at home: 95% English-only · Spanish 4% Other Indo-European 1%

Political lean MEDSL · Danville

• 2024 margin: Strong D (+21.1) · D 60.1% · R 39.0%
• 2008→2024 swing: +1.9pp toward D · 2008: 19.1pp · 2024: 21.1pp
• All cycles: 2024: D+21.1 2020: D+22.1 2016: D+19.9 2012: D+22.1 2008: D+19.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -49.28%
• Current HPI: 238.5992
• Rent YoY: —
• Metro: Danville, 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

-20.1% since first listed

4 events — show timeline

• 2026-03-04 Relisted — DRRAR
• 2026-02-16 Relisted — DRRAR
• 2025-09-30 Price Changed $159,900 DRRAR
• 2025-07-09 Listed $200,000 DRRAR

Property tax history

+2.5%/yr

Latest (2025): $766 · +0.0% YoY. Source: county tax records.