1307 Hatton St · Norfolk, VA
Flood risk 4/10 · Minor
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.21%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $666 – $1,236
Heat risk 9/10 · Severe
- Hot days now (above 106°F)
- 7 days/yr
- Hot days in 30 yrs
- 16 days/yr
Wind risk 8/10 · Major
- Chance of severe wind over 30 yrs
- 80.0%
Air-quality risk 5/10 · Moderate
- Unhealthy air days now
- 6 days/yr
- Unhealthy air days in 30 yrs
- 7 days/yr
Risk factors via First Street. Map © Google.
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).
- ARV discount +13.5/15.0
- Cash flow +10.5/30.0
- Livability +4.2/5.0
- Schools +3.5/10.0
- DSCR +3.0/10.0
- 1% rule +2.5/10.0
- Rent growth +2.5/5.0
- Condition / age +2.5/5.0
- Appreciation +0.0/10.0
$195,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Welcome home to this beautifully updated 3-bedroom, 2 bath gem in the heart of Norfolk! Featuring a bright open-concept layout, this home is great for both everyday living and entertaining. The updated kitchen boasts modern finishes and flows seamlessly into the main living space, creating a welcoming atmosphere. Both bathrooms have been tastefully renovated, offering comfort and style throughout. Step outside to enjoy the cozy backyard to relax in the evenings, weekend gatherings, or your morning coffee. Conveniently located near shopping, military bases, hospitals, and major interstates, this home offers the perfect blend of comfort and convenience. Don’t miss your opportunity to own this move-in-ready beauty!
Key facts
- Renovated bathrooms
- Cozy backyard
- Updated kitchen
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/2.0-bath single-family listed at $195k.
Deal economics
- At list price, monthly cash flow is $-101 ($-1k/yr) — negative.
- To cash-flow at today's rent, offer at most $177k (9.1% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $145k (25.5% below list).
- Recommended offer: $145k (25.5% below list) — sets the bar for 1% rule.
- Cap rate 5.7% vs local median 4.0% in Norfolk — 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 83/100 on livability (#43 in VA, #1,026 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, health & safety A+; Watch: employment C-, crime F.
- Norfolk City Public School District (urban): math 27% / reading 56% proficiency, ranked #118 of 131 in VA (top 90%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
- Zoned schools: Southside Stem Academy At Campostella (math 11% / reading 37%, grade F, #1,064 of 1,108 statewide, top 96%, 737 students, 95% FRL); Lake Taylor (math 22% / reading 45%, grade F, #984 of 1,108 statewide, top 89%, 626 students, 96% FRL); Lake Taylor High (math 38% / reading 72%, grade C, #279 of 319 statewide, top 88%, 1,030 students, 92% FRL) — zoned schools average 94% FRL vs 59% district-wide (36 pts higher); higher-poverty schools than district average — tighter screening recommended.
- Market conditions: 25 active listings in the ZIP; 27 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 438 units permitted in Norfolk city in 2024 (273 in 5+ unit buildings).
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
Negotiation context
- It's been on market 113 days — a 9% lower offer ($177k) is reasonable based on typical stale-listing flexibility.
- 7 sale attempts since 4y ago; this cycle's ask has dropped $50k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Risks & watch-outs
- Watch-outs: built in 1905 — expect roof / HVAC / electrical / plumbing capex.
- Climate carrying-cost: severe wind risk, 80% 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.
Questions for the listing agent
- 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?
- It's been on market 113 days. Have you received any prior offers? Is the seller open to a 25% concession, seller financing, or rate buy-down credit?
- Built in 1905 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are A-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?
- Crime grade is F 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?
- 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?
- 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.
- 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.
- 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
- 5.67%
- Cash-on-cash
- -2.22%
- DSCR
- 0.90
- GRM
- 11.2
CMA / ARV
- ARV (median comp)
- $224,922
- List price
- $195,000
- Delta
- -13.30%
- 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 |
|---|---|---|---|---|---|---|---|
| 1415 Hibie St | 0.26mi | 3/1.5 (+1) | 1,056 (-7%) | 1mo | $247,000 | $234 | 68 |
| 611 Partridge Ave | 0.39mi | 3/2.0 (+1) | 1,200 (+5%) | 1mo | $200,000 | $167 | 67 |
| 1507 Colon Ave | 0.21mi | 3/2.0 (+1) | 1,050 (-8%) | 7mo | $275,000 | $262 | 66 |
| 1535 Vine St | 0.17mi | 3/1.5 (+1) | 992 (-13%) | 3mo | $245,000 | $247 | 61 |
| 410 Middlesex St | 0.42mi | 3/2.5 (+1) | 1,212 (+6%) | 8mo | $173,000 | $143 | 56 |
| 1807 Arlington Ave | 0.65mi | 2/1.0 | 1,212 (+6%) | 2mo | $215,000 | $177 | 54 |
| 1012 Nelson St | 0.65mi | 3/1.5 (+1) | 1,075 (-6%) | 1mo | $260,000 | $242 | 53 |
| 521 Mahone Ave | 0.68mi | 3/1.0 (+1) | 1,112 (-2%) | 7mo | $85,000 | $76 | 49 |
| 1314 18th St | 0.68mi | 3/2.0 (+1) | 1,212 (+6%) | 5mo | $277,000 | $229 | 49 |
| 811 Whitehead Ave | 0.51mi | 3/1.0 (+1) | 980 (-14%) | 9mo | $212,500 | $217 | 36 |
| 711 Vellines Ave | 0.63mi | 3/1.5 (+1) | 1,000 (-12%) | 9mo | $252,900 | $253 | 36 |
| 708 Lancaster St | 0.69mi | 3/1.0 (+1) | 1,000 (-12%) | 7mo | $62,000 | $62 | 33 |
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
- IRR
- -20.0%
- Equity multiple
- 0.30×
- Total profit
- $-38,065
- Equity at exit
- $29,075
- IRR
- -13.0%
- Equity multiple
- 0.24×
- Total profit
- $-41,581
- Equity at exit
- $16,860
Cash invested: $54,600 (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
ZIP-level market 23523
- Home prices YoY
- -16.6%
- Active inventory
- 25
- Price-to-rent
- 11.2×
Monthly cashflow live
- Estimated rent
- $1,454 high interval (Pro) →
- Mortgage (P&I)
- −$1,023
- Tax from tax record
- −$145 /mo · $1,744/yr
- Insurance
- −$81
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$305
- Net cashflow
- $-101
Break-even live
Sensitivity live
| Price | -10% $9 | -5% $-46 | +0% $-101 | +5% $-156 | +10% $-211 |
|---|---|---|---|---|---|
| Rent | -10% $-216 | -5% $-158 | +0% $-101 | +5% $-44 | +10% $14 |
| Rate | -1.0pp $-3 | -0.5pp $-51 | base $-101 | +0.5pp $-151 | +1.0pp $-203 |
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
- $48,750
- Closing costs
- $5,850
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 27 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 1510 Wilson Rd #5 Norfolk, VA | 2.0 | 1.0 | 900 | $1,200 | $1.33 | 25d | 1 | 0.04mi |
| 1510 Wilson Rd #4 Norfolk, VA | 3.0 | 1.0 | 1273 | $1,400 | $1.10 | 22d | 1 | 0.04mi |
| 1510 Wilson Rd Unit 3 Norfolk, VA | 3.0 | 1.0 | 1273 | $1,200 | $0.94 | 45d | 1 | 0.04mi |
| 1510 Wilson Rd Unit 1 Norfolk, VA | 3.0 | 1.0 | 1100 | $1,325 | $1.20 | 25d | 1 | 0.04mi |
| 1510 Wilson Rd Norfolk, VA | 3.0 | 1.0 | 815 | $1,375 | $1.69 | 45d | 1 | 0.04mi |
| 1535 Vine St Norfolk, VA | 3.0 | 1.5 | 992 | $2,100 | $2.12 | 45d | 1 | 0.17mi |
| 1100 Wilson Rd Unit 7 Norfolk, VA | 3.0 | 1.5 | 900 | $1,550 | $1.72 | 9d | 1 | 0.23mi |
| 1100 Wilson Rd Norfolk, VA | 3.0 | 1.0 | 900 | $1,550 | $1.72 | 5d | 1 | 0.23mi |
| 900 Partridge Ave Chesapeake, VA | 3.0 | 1.5 | 1000 | $1,900 | $1.90 | 6d | 1 | 0.54mi |
| 903 Sherman Ln Norfolk, VA | 3.0 | 1.0 | 1031 | $1,850 | $1.79 | 45d | 1 | 0.65mi |
| 909 E Liberty St Norfolk, VA | 3.0 | 1.0 | 1030 | $1,495 | $1.45 | 45d | 1 | 0.67mi |
| 1009 Middlesex St Norfolk, VA | 2.0 | 2.0 | 844 | $1,189 | $1.41 | 25d | 3 | 0.77mi |
| 711 Grayson St Unit 712-04 Norfolk, VA | 2.0 | 1.0 | 860 | $1,200 | $1.40 | 14d | 1 | 0.78mi |
| 1201 Transylvania Ave Chesapeake, VA | 2.0 | 1.0 | 750 | $1,350 | $1.80 | 25d | 1 | 0.80mi |
| 701 S Main St Norfolk, VA | 3.0 | 2.0 | 1076 | $1,349 | $1.25 | 3d | 2 | 1.00mi |
| 1321 Chesapeake Ave Unit B Chesapeake, VA | 3.0 | 1.0 | 1000 | $1,695 | $1.70 | 25d | 1 | 1.01mi |
| 1415 Commerce Ave Apt 1 Chesapeake, VA | 2.0 | 1.0 | 800 | $1,450 | $1.81 | 9d | 1 | 1.06mi |
| 1411 Seaboard Ave Unit A UP Chesapeake, VA | 1.0 | 1.0 | 700 | $925 | $1.32 | 3d | 1 | 1.07mi |
| 405 Clifton St Unit A Norfolk, VA | 2.0 | 2.0 | 787 | $1,245 | $1.58 | 19d | 1 | 1.08mi |
| 405 Clifton St Unit A Norfolk, VA | 2.0 | 1.0 | 700 | $1,245 | $1.78 | 25d | 1 | 1.08mi |
| 1151 Perry St Chesapeake, VA | 3.0 | 1.0 | 1296 | $2,000 | $1.54 | 19d | 1 | 1.12mi |
| 720 Forbes St Norfolk, VA | 3.0 | 2.0 | 1056 | $2,195 | $2.08 | 16d | 1 | 1.18mi |
| 720 Forbes St Norfolk, VA | 3.0 | 2.0 | 1056 | $2,250 | $2.13 | 45d | 1 | 1.18mi |
| 1333 Perry St Chesapeake, VA | 2.0 | 1.0 | 1048 | $1,525 | $1.46 | 25d | 1 | 1.27mi |
| 1333 Perry St Chesapeake, VA | 2.0 | 1.0 | 1048 | $1,495 | $1.43 | 16d | 1 | 1.27mi |
| 2638 King Ct Chesapeake, VA | 3.0 | 1.5 | 1462 | $2,000 | $1.37 | 22d | 1 | 1.35mi |
| 2620 Sunrise Ave Chesapeake, VA | 3.0 | 1.5 | 1462 | $1,850 | $1.27 | 25d | 1 | 1.38mi |
Listing history 32 events
-
2026-06-21days on market $195,000 Active 113 DOM
-
2026-06-18days on market $195,000 Active 110 DOM
-
2026-06-17days on market $195,000 Active 109 DOM
-
2026-06-16days on market $195,000 Active 108 DOM
-
2026-06-15days on market $195,000 Active 107 DOM
-
2026-06-13days on market $195,000 Active 105 DOM
-
2026-06-09days on market $195,000 Active 101 DOM
-
2026-06-08days on market $195,000 Active 100 DOM
-
2026-06-07days on market $195,000 Active 99 DOM
-
2026-06-03days on market $195,000 Active 95 DOM
-
2026-06-02days on market $195,000 Active 94 DOM
-
2026-06-01days on market $195,000 Active 93 DOM
-
2026-05-31days on market $195,000 Active 92 DOM
-
2026-05-02price $195,000 728-char remark
Show marketing remark (728 chars)
Welcome home to this beautifully updated 3-bedroom, 2 bath gem in the heart of Norfolk! Featuring a bright open-concept layout, this home is great for both everyday living and entertaining. The updated kitchen boasts modern finishes and flows seamlessly into the main living space, creating a welcoming atmosphere. Both bathrooms have been tastefully renovated, offering comfort and style throughout. Step outside to enjoy the cozy backyard to relax in the evenings, weekend gatherings, or your morning coffee. Conveniently located near shopping, military bases, hospitals, and major interstates, this home offers the perfect blend of comfort and convenience. Don’t miss your opportunity to own this move-in-ready beauty!
-
2026-05-02status Active 728-char remark
Show marketing remark (728 chars)
Welcome home to this beautifully updated 3-bedroom, 2 bath gem in the heart of Norfolk! Featuring a bright open-concept layout, this home is great for both everyday living and entertaining. The updated kitchen boasts modern finishes and flows seamlessly into the main living space, creating a welcoming atmosphere. Both bathrooms have been tastefully renovated, offering comfort and style throughout. Step outside to enjoy the cozy backyard to relax in the evenings, weekend gatherings, or your morning coffee. Conveniently located near shopping, military bases, hospitals, and major interstates, this home offers the perfect blend of comfort and convenience. Don’t miss your opportunity to own this move-in-ready beauty!
-
2026-04-03historical Active Under Contract 728-char remark
Show marketing remark (728 chars)
Welcome home to this beautifully updated 3-bedroom, 2 bath gem in the heart of Norfolk! Featuring a bright open-concept layout, this home is great for both everyday living and entertaining. The updated kitchen boasts modern finishes and flows seamlessly into the main living space, creating a welcoming atmosphere. Both bathrooms have been tastefully renovated, offering comfort and style throughout. Step outside to enjoy the cozy backyard to relax in the evenings, weekend gatherings, or your morning coffee. Conveniently located near shopping, military bases, hospitals, and major interstates, this home offers the perfect blend of comfort and convenience. Don’t miss your opportunity to own this move-in-ready beauty!
-
2026-03-26status Active 728-char remark
Show marketing remark (728 chars)
Welcome home to this beautifully updated 3-bedroom, 2 bath gem in the heart of Norfolk! Featuring a bright open-concept layout, this home is great for both everyday living and entertaining. The updated kitchen boasts modern finishes and flows seamlessly into the main living space, creating a welcoming atmosphere. Both bathrooms have been tastefully renovated, offering comfort and style throughout. Step outside to enjoy the cozy backyard to relax in the evenings, weekend gatherings, or your morning coffee. Conveniently located near shopping, military bases, hospitals, and major interstates, this home offers the perfect blend of comfort and convenience. Don’t miss your opportunity to own this move-in-ready beauty!
-
2026-03-26price $149,000 728-char remark
Show marketing remark (728 chars)
Welcome home to this beautifully updated 3-bedroom, 2 bath gem in the heart of Norfolk! Featuring a bright open-concept layout, this home is great for both everyday living and entertaining. The updated kitchen boasts modern finishes and flows seamlessly into the main living space, creating a welcoming atmosphere. Both bathrooms have been tastefully renovated, offering comfort and style throughout. Step outside to enjoy the cozy backyard to relax in the evenings, weekend gatherings, or your morning coffee. Conveniently located near shopping, military bases, hospitals, and major interstates, this home offers the perfect blend of comfort and convenience. Don’t miss your opportunity to own this move-in-ready beauty!
-
2026-03-25status Active Under Contract 728-char remark
Show marketing remark (728 chars)
Welcome home to this beautifully updated 3-bedroom, 2 bath gem in the heart of Norfolk! Featuring a bright open-concept layout, this home is great for both everyday living and entertaining. The updated kitchen boasts modern finishes and flows seamlessly into the main living space, creating a welcoming atmosphere. Both bathrooms have been tastefully renovated, offering comfort and style throughout. Step outside to enjoy the cozy backyard to relax in the evenings, weekend gatherings, or your morning coffee. Conveniently located near shopping, military bases, hospitals, and major interstates, this home offers the perfect blend of comfort and convenience. Don’t miss your opportunity to own this move-in-ready beauty!
-
2026-03-16historical 728-char remark
Show marketing remark (728 chars)
Welcome home to this beautifully updated 3-bedroom, 2 bath gem in the heart of Norfolk! Featuring a bright open-concept layout, this home is great for both everyday living and entertaining. The updated kitchen boasts modern finishes and flows seamlessly into the main living space, creating a welcoming atmosphere. Both bathrooms have been tastefully renovated, offering comfort and style throughout. Step outside to enjoy the cozy backyard to relax in the evenings, weekend gatherings, or your morning coffee. Conveniently located near shopping, military bases, hospitals, and major interstates, this home offers the perfect blend of comfort and convenience. Don’t miss your opportunity to own this move-in-ready beauty!
-
2026-03-09status Active 728-char remark
Show marketing remark (728 chars)
Welcome home to this beautifully updated 3-bedroom, 2 bath gem in the heart of Norfolk! Featuring a bright open-concept layout, this home is great for both everyday living and entertaining. The updated kitchen boasts modern finishes and flows seamlessly into the main living space, creating a welcoming atmosphere. Both bathrooms have been tastefully renovated, offering comfort and style throughout. Step outside to enjoy the cozy backyard to relax in the evenings, weekend gatherings, or your morning coffee. Conveniently located near shopping, military bases, hospitals, and major interstates, this home offers the perfect blend of comfort and convenience. Don’t miss your opportunity to own this move-in-ready beauty!
-
2026-03-03historical Active Under Contract 728-char remark
Show marketing remark (728 chars)
Welcome home to this beautifully updated 3-bedroom, 2 bath gem in the heart of Norfolk! Featuring a bright open-concept layout, this home is great for both everyday living and entertaining. The updated kitchen boasts modern finishes and flows seamlessly into the main living space, creating a welcoming atmosphere. Both bathrooms have been tastefully renovated, offering comfort and style throughout. Step outside to enjoy the cozy backyard to relax in the evenings, weekend gatherings, or your morning coffee. Conveniently located near shopping, military bases, hospitals, and major interstates, this home offers the perfect blend of comfort and convenience. Don’t miss your opportunity to own this move-in-ready beauty!
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2026-02-19$245,000 Active 728-char remark
Show marketing remark (728 chars)
Welcome home to this beautifully updated 3-bedroom, 2 bath gem in the heart of Norfolk! Featuring a bright open-concept layout, this home is great for both everyday living and entertaining. The updated kitchen boasts modern finishes and flows seamlessly into the main living space, creating a welcoming atmosphere. Both bathrooms have been tastefully renovated, offering comfort and style throughout. Step outside to enjoy the cozy backyard to relax in the evenings, weekend gatherings, or your morning coffee. Conveniently located near shopping, military bases, hospitals, and major interstates, this home offers the perfect blend of comfort and convenience. Don’t miss your opportunity to own this move-in-ready beauty!
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2023-01-27soldstatus $219,900
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2023-01-07status Under Contract
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2023-01-02historical Active Under Contract
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2022-12-15price $219,900
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2022-12-02price $229,900
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2022-11-27$240,000 Active
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2022-04-26soldstatus $87,000
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2022-04-04status Under Contract
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2022-03-28$80,000 Active
ⓘ 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
- $1,744 · $145/mo
- Projected year-2 tax
- $1,744 · $145/mo
- Expected delta
- $0/yr ($0/mo · 0.0%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 4/10 Moderate FEMA zone X (unshaded) · 21% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 9/10 Extreme 7 d/yr ≥106°F today · 16 d/yr by 30 yrs out
- Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
- Air quality 5/10 Major 6 unhealthy d/yr today · 7 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $17,442
- − Mortgage interest
- −$10,923
- − Property taxes
- −$1,744
- − Insurance
- −$975
- − Repairs & maintenance
- −$1,395
- − Management
- −$1,395
- − Depreciation
- −$5,673
- Taxable loss
- −$4,664
- Est. tax savings @ 24.0%
- +$1,119
- After-tax cash flow
- $-92/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
- Norfolk City Public School District
- NCES district ID
- 5102670
- Math proficiency
- 27% ▼ -44.00%
- Reading proficiency
- 56% ▼ -10.00%
- Median HH income
- $44,358
- Composite
- 35.08/100
- National rank
- #5026
- State rank
- #118 of 131 in VA
Livability — Norfolk
- Score
- 83/100
- State rank
- #43
- US rank
- #1026
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Norfolk, VA
- City population
- 214,042
- Population (ZIP)
- 7,698
Population outlook (Norfolk County) Hauer SSP2
- Today (2025)
- 249,032 people
- By 2030
- 252,347 · +1.3%
- By 2040
- 253,644 · +1.9%
- By 2050
- 251,913 · +1.2%
- By 2075
- 245,281 · -1.5%
- By 2100
- 219,548 · -11.8%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Predominantly Black (87%)
- Race & ethnicity
- Black 87% White 7% Two or more races 5% Hispanic / Latino 2%
- Common ancestry
- Romanian 1%
- Foreign-born
- 2% · Canada
- Languages at home
- 94% English-only · Spanish 3% Other Indo-European 1%
Political lean MEDSL · Norfolk
- 2024 margin
- Solid D (+41.5) · D 70.0% · R 28.5% · Other 1.6%
- 2008→2024 swing
- -1.4pp toward R · 2008: 43.0pp · 2024: 41.5pp
- All cycles
- 2024: D+41.5 2020: D+45.6 2016: D+42.0 2012: D+44.0 2008: D+43.0
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -53.73%
- Current HPI
- 269.0309
- 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
+143.8% since first listed19 events — show timeline
- 2026-05-02 Price Changed $195,000 REINMLS
- 2026-05-02 Relisted — REINMLS
- 2026-04-03 Contingent — REINMLS
- 2026-03-26 Relisted — REINMLS
- 2026-03-26 Price Changed $149,000 REINMLS
- 2026-03-25 Relisted — REINMLS
- 2026-03-16 Listing Removed — REINMLS
- 2026-03-09 Relisted — REINMLS
- 2026-03-03 Contingent — REINMLS
- 2026-02-19 Listed $245,000 REINMLS
- 2023-01-27 Sold (Public Records) $219,900 Public Records
- 2023-01-07 Pending — REINMLS
- 2023-01-02 Contingent — REINMLS
- 2022-12-15 Price Changed $219,900 REINMLS
- 2022-12-02 Price Changed $229,900 REINMLS
- 2022-11-27 Listed $240,000 REINMLS
- 2022-04-26 Sold (Public Records) $87,000 Public Records
- 2022-04-04 Pending — REINMLS
- 2022-03-28 Listed $80,000 REINMLS
Property tax history
+3.8%/yrLatest (2025): $1,744 · +6.5% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…