1125 Logan St · Norfolk, VA
Flood risk 6/10 · Moderate
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.53%
- 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 104°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 3/10 · Minor
- Unhealthy air days now
- 2 days/yr
- Unhealthy air days in 30 yrs
- 5 days/yr
Risk factors via First Street. Map © Google.
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 +30.0/30.0
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- ARV discount +7.5/15.0
- Appreciation +5.0/10.0
- Schools +4.5/10.0
- Livability +4.2/5.0
- Rent growth +2.5/5.0
- Condition / age +1.0/5.0
$99,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
DUE TO THE CONDITION OF THE HOME, PLEASE BE SURE TO USE EXTREME CAUTION IN AND ON THE PROPERTY. HOLD HARMLESS FORM MUST FORM MUST BE SIGNED BY ALL PARTIES ENTERING THE HOME AND APPROVAL WILL BE GIVEN AFTER IT IS RETURNED TO LISTING AGENT. SELLER TO MAKE NO REPAIRS. PROPERTY BEING SOLD-AS , WHERE-IS.
Key facts
- 2,639 sq ft lot
- Built 1917
- Listed 156 days
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/2.0-bath single-family listed at $99k. Condition is rated poor.
Deal economics
- At list price, monthly cash flow is $568 ($7k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($2k rent vs $99k).
- Recommended offer: $87k (12.0% below list) — sets the bar for market timing.
- Cap rate 13.2% 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: Ghent K-8 (math 47% / reading 75%, grade B, #524 of 1,108 statewide, top 48%, 482 students, 97% FRL); Blair Middle (math 29% / reading 57%, grade D-, #288 of 342 statewide, top 85%, 1,149 students, 92% FRL); Granby High (math 33% / reading 80%, grade C, #270 of 319 statewide, top 86%, 1,837 students, 94% FRL) — zoned schools average 94% FRL vs 59% district-wide (36 pts higher); higher-poverty schools than district average — tighter screening recommended.
- Zoned-school proficiency averages 54% at this address vs 42% district-wide (+12 pts) — the actual schools serving this property are materially stronger than the Norfolk City Public School District average implies; a family-tenant draw the district grade alone would hide.
- Market conditions: 1 active listings in the ZIP; 33 comparable units currently listed for rent nearby; rentals lingering (median 47d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; 438 units permitted in Norfolk city in 2024 (273 in 5+ unit buildings).
Forward outlook
- In year one you build about $4k of equity ($684 loan paydown + $3k appreciation (3.0% local appreciation)).
- At projected returns (3.0% appreciation + 3.0% rent growth), your $28k cash investment doubles in ~3 years — after that, you're playing with house money.
- By year 9, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.
Negotiation context
- It's been on market 157 days — a 12% lower offer ($87k) is reasonable based on typical stale-listing flexibility.
- 2 sale attempts; this cycle's ask has dropped $58k (37%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Risks & watch-outs
- Watch-outs: built in 1917 — expect roof / HVAC / electrical / plumbing capex.
- Climate carrying-cost: major flood risk; 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
- It's been on market 157 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
- Built in 1917 — 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?
- 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
- 1.65% ✓
- Cap rate
- 13.18%
- Cash-on-cash
- 24.59%
- DSCR
- 2.09
- GRM
- 5.1
CMA / ARV
- ARV (median comp)
- $267,766
- List price
- $99,000
- Delta
- -53.13%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 9 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 7503 Fargo Ave | 0.03mi | 3/2.0 | 1,006 (-3%) | 3mo | $239,900 | $238 | 91 |
| 1035 Willingham St | 0.20mi | 3/2.0 | 1,012 (-2%) | 2mo | $300,000 | $296 | 86 |
| 1219 Milton St | 0.05mi | 3/1.0 | 1,013 (-2%) | 13mo | $254,000 | $251 | 79 |
| 1029 Baltimore St | 0.25mi | 3/2.0 | 1,005 (-3%) | 13mo | $250,000 | $249 | 73 |
| 7411 Hughart St | 0.21mi | 3/1.0 | 980 (-5%) | 11mo | $237,000 | $242 | 68 |
| 535 Meads Rd | 0.61mi | 3/1.0 | 1,029 (-1%) | 4mo | $215,000 | $209 | 64 |
| 7430 Hughart St | 0.19mi | 2/1.0 (-1) | 936 (-10%) | 13mo | $235,000 | $251 | 55 |
| 607 Sterling St | 0.51mi | 3/1.0 | 1,135 (+10%) | 2mo | $259,900 | $229 | 55 |
| 419 Maycox Ave | 0.75mi | 3/2.0 | 1,004 (-3%) | 8mo | $260,000 | $259 | 53 |
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
- 30.7%
- Equity multiple
- 2.74×
- Total profit
- $48,149
- Equity at exit
- $44,515
- IRR
- 31.1%
- Equity multiple
- 5.36×
- Total profit
- $120,789
- Equity at exit
- $68,602
Cash invested: $27,720 (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
Active competition Active MLS
- For sale now
- 1 active · 5 under contract
- Months of supply
- 0.8 mo (133%/mo absorbed)
- Median asking
- $270,000 ($291/sqft)
- Median days on market
- 42 d
- This list price
- lowest-priced of the active set
- ARV vs active asking
- -11.2% vs current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 23501
- Active inventory
- 1
- Price-to-rent
- 5.1×
Monthly cashflow live
- Estimated rent
- $1,632 high interval (Pro) →
- Mortgage (P&I)
- −$519
- Tax from tax record
- −$161 /mo · $1,935/yr
- Insurance
- −$41
- HOA
- −$0
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$343
- Net cashflow
- $568
Break-even live
Sensitivity live
| Price | -10% $624 | -5% $596 | +0% $568 | +5% $540 | +10% $512 |
|---|---|---|---|---|---|
| Rent | -10% $439 | -5% $504 | +0% $568 | +5% $632 | +10% $697 |
| Rate | -1.0pp $618 | -0.5pp $593 | base $568 | +0.5pp $542 | +1.0pp $516 |
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
- $24,750
- Closing costs
- $2,970
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 33 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 1111 Charleston St Norfolk, VA | 2.0 | 1.0 | 822 | $1,425 | $1.73 | 93d | 1 | 0.08mi |
| 7472 Major Ave Norfolk, VA | 4.0 | 1.5 | 1400 | $2,600 | $1.86 | 66d | 1 | 0.20mi |
| 7704 Enfield Ave Norfolk, VA | 2.0 | 1.0 | 725 | $1,350 | $1.86 | 38d | 1 | 0.26mi |
| 1025 Baltimore St Unit A Norfolk, VA | 3.0 | 1.0 | 1200 | $1,500 | $1.25 | 20d | 1 | 0.27mi |
| 7320 Glenroie Ave Norfolk, VA | 2.0 | 2.0 | 1219 | $2,200 | $1.80 | 22d | 1 | 0.29mi |
| 1017 Hannah St Unit 4 Norfolk, VA | 2.0 | 1.0 | 770 | $1,200 | $1.56 | 25d | 1 | 0.32mi |
| 1433 W Little Creek Rd Norfolk, VA | 3.0 | 1.0 | 1324 | $2,100 | $1.59 | 11d | 1 | 0.34mi |
| 1125 Meads Rd Unit B Norfolk, VA | 2.0 | 1.0 | 820 | $1,100 | $1.34 | 25d | 1 | 0.34mi |
| 1125 Meads Rd Unit B Norfolk, VA | 2.0 | 1.0 | 820 | $1,100 | $1.34 | 27d | 1 | 0.34mi |
| 7304 Major Ave Norfolk, VA | 3.0 | 2.0 | 944 | $2,100 | $2.22 | 93d | 1 | 0.36mi |
| 1438 Meads Rd Unit 3 Norfolk, VA | 3.0 | 2.0 | 1500 | $1,800 | $1.20 | 28d | 1 | 0.44mi |
| 615 W Little Creek Rd Norfolk, VA | 2.0 | 1.0 | 840 | $1,200 | $1.43 | 22d | 1 | 0.47mi |
| 7872 Ogden Ave Norfolk, VA | 1.0–3.0 | 1.0–2.0 | 963 | $1,515 | $1.57 | 93d | 1 | 0.54mi |
| 7730 Ruthven Rd Norfolk, VA | 3.0 | 1.0 | 1056 | $1,750 | $1.66 | 73d | 1 | 0.62mi |
| 7715 Harrisons Rd Norfolk, VA | 2.0 | 1.0 | 1004 | $1,645 | $1.64 | 73d | 1 | 0.73mi |
| 7715 Harrison Rd Unit 7720-5 Norfolk, VA | 2.0 | 1.0 | 1004 | $1,645 | $1.64 | 93d | 1 | 0.73mi |
| 7715 Harrisons Rd Norfolk, VA | 2.0 | 1.0 | 862 | $1,620 | $1.88 | 65d | 8 | 0.73mi |
| 7715 Harrison Rd Unit 7743-4 Norfolk, VA | 2.0 | 1.0 | 720 | $1,545 | $2.15 | 20d | 1 | 0.73mi |
| 502 Grantham Rd Norfolk, VA | 1.0–2.0 | 1.0 | 740 | $1,128 | $1.52 | 93d | 3 | 0.74mi |
| 307 W Little Creek Rd Unit C Norfolk, VA | 2.0 | 1.0 | 830 | $1,395 | $1.68 | 59d | 1 | 0.97mi |
| 211 Maycox Ave Unit B Norfolk, VA | 2.0 | 1.5 | 800 | $1,495 | $1.87 | 47d | 1 | 1.04mi |
| 1226 Richmond Cres Norfolk, VA | 2.0 | 2.0 | 1000 | $2,000 | $2.00 | 66d | 1 | 1.13mi |
| 1226 Richmond Cres Norfolk, VA | 2.0 | 2.0 | 1000 | $2,000 | $2.00 | 51d | 1 | 1.13mi |
| 344 Woodview Ave Unit A Norfolk, VA | 2.0 | 1.0 | 860 | $1,350 | $1.57 | 16d | 1 | 1.30mi |
| 412 Forrest Ave Unit 2 Norfolk, VA | 2.0 | 1.0 | 1003 | $1,145 | $1.14 | 64d | 1 | 1.36mi |
| 412 Forrest Ave Unit 2 Norfolk, VA | 2.0 | 1.0 | 1003 | $1,095 | $1.09 | 29d | 1 | 1.36mi |
| 216 Glen Echo Dr Unit 2 Norfolk, VA | 2.0 | 1.0 | 1176 | $2,100 | $1.79 | 35d | 1 | 1.37mi |
| 223 Woodview Ave Unit B Norfolk, VA | 2.0 | 1.0 | 751 | $1,250 | $1.66 | 56d | 1 | 1.40mi |
| 218 Granby Park Dr Unit B Norfolk, VA | 3.0 | 1.0 | 1330 | $1,745 | $1.31 | 61d | 1 | 1.41mi |
| 218 Granby Park Dr Unit B Norfolk, VA | 3.0 | 1.0 | 1330 | $1,795 | $1.35 | 53d | 1 | 1.41mi |
| 218 Granby Park Dr Unit B Norfolk, VA | 3.0 | 1.0 | 1330 | $1,645 | $1.24 | 41d | 1 | 1.41mi |
| 218 Granby Park Dr Unit B Norfolk, VA | 3.0 | 1.0 | 1330 | $1,595 | $1.20 | 38d | 1 | 1.41mi |
| 7407 Yorktown Dr Norfolk, VA | 3.0 | 2.5 | 1500 | $2,300 | $1.53 | 30d | 1 | 1.42mi |
Listing history 46 events
-
2026-08-08days on market $99,000 Active 157 DOM
-
2026-08-07pricedays on market $99,000 Active 156 DOM
-
2026-08-06days on market $125,500 Active 155 DOM
-
2026-08-05days on market $125,500 Active 154 DOM
-
2026-08-04days on market $125,500 Active 153 DOM
-
2026-08-03days on market $125,500 Active 152 DOM
-
2026-07-31days on market $125,500 Active 149 DOM
-
2026-07-30days on market $125,500 Active 147 DOM
-
2026-07-28days on market $125,500 Active 146 DOM
-
2026-07-26days on market $125,500 Active 144 DOM
-
2026-07-24days on market $125,500 Active 142 DOM
-
2026-07-23days on market $125,500 Active 141 DOM
-
2026-07-22days on market $125,500 Active 140 DOM
-
2026-07-21days on market $125,500 Active 139 DOM
-
2026-07-18days on market $125,500 Active 136 DOM
-
2026-07-18days on market $125,500 Active 135 DOM
-
2026-07-16days on market $125,500 Active 134 DOM
-
2026-07-15days on market $125,500 Active 133 DOM
-
2026-07-14days on market $125,500 Active 132 DOM
-
2026-07-14status $125,500 Active 131 DOM
-
2026-07-02status $125,500 Under Contract 131 DOM
-
2026-07-01days on market $125,500 Active 131 DOM
-
2026-06-30days on market $125,500 Active 130 DOM
-
2026-06-29days on market $125,500 Active 129 DOM
-
2026-06-28days on market $125,500 Active 128 DOM
-
2026-06-27days on market $125,500 Active 127 DOM
-
2026-06-27days on market $125,500 Active 126 DOM
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2026-06-25days on market $125,500 Active 124 DOM
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2026-06-22days on market $125,500 Active 122 DOM
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2026-06-21days on market $125,500 Active 121 DOM
-
2026-06-18days on market $125,500 Active 118 DOM
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2026-06-17days on market $125,500 Active 117 DOM
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2026-06-16days on market $125,500 Active 116 DOM
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2026-06-15days on market $125,500 Active 115 DOM
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2026-06-13days on market $125,500 Active 113 DOM
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2026-06-09days on market $125,500 Active 109 DOM
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2026-06-08days on market $125,500 Active 108 DOM
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2026-06-07days on market $125,500 Active 107 DOM
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2026-06-03days on market $125,500 Active 103 DOM
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2026-06-02days on market $125,500 Active 102 DOM
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2026-06-01days on market $125,500 Active 101 DOM
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2026-05-31days on market $125,500 Active 100 DOM
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2026-05-06price $125,500 376-char remark
Show marketing remark (376 chars)
DUE TO THE CONDITION OF THE HOME, PLEASE BE SURE TO USE EXTREME CAUTION IN AND ON THE PROPERTY. HOLD HARMLESS FORM MUST FORM MUST BE SIGNED BY ALL PARTIES ENTERING THE HOME AND APPROVAL WILL BE GIVEN AFTER IT IS RETURNED TO LISTING AGENT. SELLER TO MAKE NO REPAIRS. PROPERTY BEING SOLD-AS , WHERE-IS. COURT APPROVAL IS REQUIRED SINCE IT IS CHURCH-OWNED PERFECT FOR AN INVESTOR
-
2026-03-19status Active 376-char remark
Show marketing remark (376 chars)
DUE TO THE CONDITION OF THE HOME, PLEASE BE SURE TO USE EXTREME CAUTION IN AND ON THE PROPERTY. HOLD HARMLESS FORM MUST FORM MUST BE SIGNED BY ALL PARTIES ENTERING THE HOME AND APPROVAL WILL BE GIVEN AFTER IT IS RETURNED TO LISTING AGENT. SELLER TO MAKE NO REPAIRS. PROPERTY BEING SOLD-AS , WHERE-IS. COURT APPROVAL IS REQUIRED SINCE IT IS CHURCH-OWNED PERFECT FOR AN INVESTOR
-
2026-03-09historical Active Under Contract 376-char remark
Show marketing remark (376 chars)
DUE TO THE CONDITION OF THE HOME, PLEASE BE SURE TO USE EXTREME CAUTION IN AND ON THE PROPERTY. HOLD HARMLESS FORM MUST FORM MUST BE SIGNED BY ALL PARTIES ENTERING THE HOME AND APPROVAL WILL BE GIVEN AFTER IT IS RETURNED TO LISTING AGENT. SELLER TO MAKE NO REPAIRS. PROPERTY BEING SOLD-AS , WHERE-IS. COURT APPROVAL IS REQUIRED SINCE IT IS CHURCH-OWNED PERFECT FOR AN INVESTOR
-
2026-02-20$157,300 Active 376-char remark
Show marketing remark (376 chars)
DUE TO THE CONDITION OF THE HOME, PLEASE BE SURE TO USE EXTREME CAUTION IN AND ON THE PROPERTY. HOLD HARMLESS FORM MUST FORM MUST BE SIGNED BY ALL PARTIES ENTERING THE HOME AND APPROVAL WILL BE GIVEN AFTER IT IS RETURNED TO LISTING AGENT. SELLER TO MAKE NO REPAIRS. PROPERTY BEING SOLD-AS , WHERE-IS. COURT APPROVAL IS REQUIRED SINCE IT IS CHURCH-OWNED PERFECT FOR AN INVESTOR
ⓘ 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
- $1,935 · $161/mo
- Projected year-2 tax
- $1,935 · $161/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 6/10 Major FEMA zone X (unshaded) · 53% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 9/10 Extreme 7 d/yr ≥104°F today · 16 d/yr by 30 yrs out
- Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
- Air quality 3/10 Moderate 2 unhealthy d/yr today · 5 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
- $19,590
- − Mortgage interest
- −$5,546
- − Property taxes
- −$1,935
- − Insurance
- −$495
- − Repairs & maintenance
- −$1,567
- − Management
- −$1,567
- − Depreciation
- −$2,880
- Taxable income
- $5,600
- Est. tax owed @ 24.0%
- −$1,344
- After-tax cash flow
- $5,472/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.
Condition & rehab AI · 6 photos
This property requires extensive repairs and maintenance, including a new roof, exterior siding, flooring, interior walls, and HVAC system. The home is in poor condition and presents a significant investment opportunity for an investor.
Deferred maintenance Est. $40,000–$120,000 screening
- Major Roof (roof) — Significant damage to roof structure visible
- Major Windows (windows) — Windows appear broken or missing
- Major Electrical (electrical) — Exposed wiring and electrical components
- Major Exterior (exterior) — Significant structural damage to exterior walls and foundation
Repairs flagged
- Major roof — The roof appears to be in poor condition, with visible wear and tear.
- Major exterior siding — The exterior siding is peeling and in need of repair.
- Major flooring — The flooring appears to be in poor condition, with visible wear and tear.
- Major interior walls — The interior walls appear to be in poor condition, with visible wear and tear.
- Major HVAC/mechanicals — The HVAC system appears to be in poor condition, with visible wear and tear.
Value-add opportunities
- Both repair and replace roof — A new roof will significantly improve the home's appearance and functionality, increasing both resale and rental value. ↑
- Both repair and replace exterior siding — A new exterior siding will improve the home's appearance and functionality, increasing both resale and rental value. ↑
- Both repair and replace flooring — A new flooring will improve the home's appearance and functionality, increasing both resale and rental value. ↑
- Both repair and paint interior walls — A new paint job will improve the home's appearance and functionality, increasing both resale and rental value. ↑
- Both repair and replace HVAC system — A new HVAC system will improve the home's functionality and energy efficiency, increasing both resale and rental value. ↑
ⓘ Rehab cost is a screening estimate — Extensive scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.
Zoned Schools
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
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%
Not yet ingested
- Political lean
- —
- Race & ethnicity
- —
- Common origin
- —
- Civics
- —
Market trends
- HPI YoY
- —
- Current HPI
- —
- 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 |
|
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Price history
-20.2% since first listed4 events — show timeline
- 2026-05-06 Price Changed $125,500 REINMLS
- 2026-03-19 Relisted — REINMLS
- 2026-03-09 Contingent — REINMLS
- 2026-02-20 Listed $157,300 REINMLS
Property tax history
+5.5%/yrLatest (2025): $1,935 · +13.5% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…