714 Langley Ave · Hampton, VA 23669

$155,000

2 bd · 1.0 ba · 872 sqft · SingleFamily public records · 20 Days on market

Built 1966 $178/sqft · 22% below area Est $220k · 30% under

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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 +19.4/30.0
• ARV discount +15.0/15.0
• DSCR +6.1/10.0
• Schools +5.5/10.0
• 1% rule +4.8/10.0
• Rent growth +3.9/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this inviting 3-bedroom rancher offering a comfort layout and updated kitchen cabinetry. The eat-in kitchen provides a comfortable space for dining and gathering. Prime location near I-64, Peninsula Town Center, and Huntington Ingalls.

Key facts

• Eat-in kitchen
• Parking
• Built 1966

Tags

• UPDATED KITCHEN CABINETRY
• EAT-IN KITCHEN
• PRIME LOCATION NEAR I-64

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $173 ($2k/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 $151k (2.3% below list).
• Recommended offer: $151k (2.3% below list) — sets the bar for 1% rule.
• Cap rate 7.6% vs local median 4.5% in Hampton — 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 75/100 on livability (#133 in VA, #4,302 nationally) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, cost of living A; Watch: crime C-, amenities D+, commute F.
• Hampton City Public School District (urban): math 60% / reading 70% proficiency, ranked #40 of 131 in VA (top 30%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+5.4%/yr); 232 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 68 units permitted in Hampton city in 2024 (0 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 $5k of value loss. Plan a longer hold.
• Hampton County population projected at -13% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 20 days — a 2% lower offer ($153k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $23k; list at $155k implies a 577% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• 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.

Recommended offer $151,451 (2.3% below list)

Questions for the listing agent

1. Built in 1966 — 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. 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?
4. 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.
5. 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.
6. 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: 0.98% ✗
• Cap rate: 7.63%
• Cash-on-cash: 4.77%
• DSCR: 1.21
• GRM: 8.5

CMA / ARV

• ARV (median comp): $220,148
• List price: $155,000
• Delta: -29.59%
• 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
1127 Rowe St	0.06mi	3/2.0 (+1)	920 (+6%)	3mo	$225,000	$245	76
714 Langley Ave	0.00mi	3/1.0 (+1)	972 (+12%)	1mo	$155,000	$159	75
26 Bernard Ave	0.48mi	2/1.0	840 (-4%)	2mo	$80,000	$95	70
211 Rip Rap Rd	0.24mi	2/1.0	800 (-8%)	7mo	$200,000	$250	69
1009 Bethel Ave	0.28mi	3/1.0 (+1)	938 (+8%)	1mo	$160,000	$171	69
402 Heffelfinger St	0.15mi	2/1.0	751 (-14%)	7mo	$160,000	$213	64
35 Clayton Dr	0.63mi	2/1.0	891 (+2%)	4mo	$235,000	$264	63
1325 Bethel Ave	0.25mi	3/2.0 (+1)	945 (+8%)	6mo	$242,000	$256	60
840 Quash St	0.41mi	3/2.0 (+1)	941 (+8%)	5mo	$115,000	$122	54
9 Lucas Dr	0.75mi	2/2.0	950 (+9%)	2mo	$260,000	$274	45
27 Crestwood Cir	0.72mi	3/1.0 (+1)	938 (+8%)	6mo	$145,000	$155	44
25 Redwood St	0.68mi	2/1.0	765 (-12%)	5mo	$136,000	$178	44

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 · 5.44% rent growth · sell at horizon

5-year hold

• IRR: -6.3%
• Equity multiple: 0.76×
• Total profit: $-10,318
• Equity at exit: $23,111

10-year hold

• IRR: 6.0%
• Equity multiple: 1.50×
• Total profit: $21,579
• Equity at exit: $13,402

Cash invested: $43,400 (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 23669

• Rents YoY: 5.4%
• Active inventory: 232
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $1,515 high
• Mortgage (P&I): −$813
• Tax from tax record: −$146 /mo · $1,757/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$318
• Net cashflow: $173

Break-even live

Break-even rent $1,296

Max offer price $155,000

Occupancy floor 84%

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8 Rip Rap Rd Hampton, VA	2.0	1.0	1000	$1,200	$1.20	21d	1	0.43mi
19 Bernard Ave Hampton, VA	2.0	1.0	906	$995	$1.10	21d	1	0.54mi
100 Spanish Trl Hampton, VA	1.0–2.0	1.0–1.5	812	$1,450	$1.79	1d	12	0.58mi
224 W Queen St Unit 224A Hampton, VA	1.0	1.5	1100	$1,950	$1.77	43d	1	0.73mi
901 W Queen St Hampton, VA	2.0–3.0	1.5–2.5	1096	$1,250	$1.14	43d	1	0.78mi
2 Abbott Dr Hampton, VA	1.0–3.0	1.0–3.5	1187	$2,224	$1.87	1d	18	0.81mi
234 Washington St Hampton, VA	2.0	1.0	1111	$2,000	$1.80	10d	1	0.88mi
28 Monroe Dr Hampton, VA	3.0	1.0	1110	$1,600	$1.44	43d	1	0.89mi
323 Roane Dr Hampton, VA	3.0	1.0	974	$1,495	$1.53	3d	1	1.00mi
232 W Gilbert St Hampton, VA	1.0–2.0	1.0	767	$1,371	$1.79	1d	1	1.05mi
105 Roland Dr Hampton, VA	2.0	1.0	750	$1,250	$1.67	14d	1	1.05mi
24 Cavalier Rd Hampton, VA	3.0	2.0	1014	$1,850	$1.82	3d	1	1.07mi
1261 N King St Apt A Hampton, VA	1.0	1.0	600	$800	$1.33	14d	1	1.07mi
600 Freeman Dr Hampton, VA	1.0–2.0	1.0–2.0	892	$2,008	$2.25	1d	8	1.17mi
603 La Salle Ave Hampton, VA	2.0	1.0	759	$1,000	$1.32	43d	1	1.21mi
450 Cedar Dr Hampton, VA	3.0	1.0	912	$1,500	$1.64	11d	1	1.23mi
640 Homestead Ave Hampton, VA	3.0	1.0	852	$1,750	$2.05	43d	1	1.28mi
109 Peachtree Ln Hampton, VA	3.0	2.0	984	$1,795	$1.82	14d	1	1.31mi
504 Homestead Ave Hampton, VA	1.0	1.0	750	$1,195	$1.59	10d	1	1.43mi
507 Highland Ave Hampton, VA	2.0	1.0	925	$1,500	$1.62	14d	1	1.47mi
1115 E Pembroke Ave Hampton, VA	2.0	1.0	850	$1,275	$1.50	1d	1	1.49mi

Listing history 9 events

1. 2026-05-07
   status Under Contract 246-char remark

   Show marketing remark (246 chars)

   Welcome to this inviting 3-bedroom rancher offering a comfort layout and updated kitchen cabinetry. The eat-in kitchen provides a comfortable space for dining and gathering. Prime location near I-64, Peninsula Town Center, and Huntington Ingalls.

2. 2026-04-22
   price $155,000 246-char remark

   Show marketing remark (246 chars)

   Welcome to this inviting 3-bedroom rancher offering a comfort layout and updated kitchen cabinetry. The eat-in kitchen provides a comfortable space for dining and gathering. Prime location near I-64, Peninsula Town Center, and Huntington Ingalls.

3. 2026-04-17
   listed $165,000 Active 246-char remark

   Show marketing remark (246 chars)

   Welcome to this inviting 3-bedroom rancher offering a comfort layout and updated kitchen cabinetry. The eat-in kitchen provides a comfortable space for dining and gathering. Prime location near I-64, Peninsula Town Center, and Huntington Ingalls.

4. 2025-08-04
   historical $1,300
5. 2025-07-22
   listed $1,300
6. 2025-03-14
   historical $1,300
7. 2025-03-06
   listed $1,300
8. 2019-08-27
   soldstatus $22,890
9. 1973-03-01
   soldstatus $13,000

ⓘ 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: $1,757 · $146/mo
• Projected year-2 tax: $1,757 · $146/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) · 57% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥105°F today · 16 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,174
• − Mortgage interest: −$8,682
• − Property taxes: −$1,757
• − Insurance: −$775
• − Repairs & maintenance: −$1,454
• − Management: −$1,454
• − Depreciation: −$4,509
• Taxable loss: −$457
• Est. tax savings @ 24.0%: +$110
• After-tax cash flow: $2,181/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: Hampton City Public School District
• NCES district ID: 5101800
• Math proficiency: 60% ▼ -21.00%
• Reading proficiency: 70% ▼ -4.00%
• Median HH income: $50,089
• Composite: 55.19/100
• National rank: #1272
• State rank: #40 of 131 in VA

Livability — Hampton

• Score: 75/100
• State rank: #133
• US rank: #4302

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hampton, VA
• County: Hampton City · 132,421 people
• City population: 132,421
• Metro: Virginia Beach-Norfolk-Newport News, VA-NC
• Population (ZIP): 39,884
• Household income: $71,222
• Rent vs Own: 40.4% rent · 59.6% own
• Severe rent burden: 2130.0

Population outlook (Hampton County) Hauer SSP2

• Today (2025): 134,055 people
• By 2030: 131,753 · -1.7%
• By 2040: 125,017 · -6.7%
• By 2050: 116,825 · -12.9%
• By 2075: 97,033 · -27.6%
• By 2100: 76,188 · -43.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: Black 46% White 39% Two or more races 9% Hispanic / Latino 6% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2%
• Common ancestry: Slovak 2% Italian 1% Romanian 1%
• Foreign-born: 4% · Canada
• Languages at home: 95% English-only · Spanish 3% Other Asian/Pacific 1%

Political lean MEDSL · Hampton

• 2024 margin: Solid D (+39.9) · D 69.2% · R 29.4% · Other 1.4%
• 2008→2024 swing: +1.0pp no change · 2008: 38.9pp · 2024: 39.9pp
• All cycles: 2024: D+39.9 2020: D+42.2 2016: D+37.8 2012: D+45.4 2008: D+38.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -150.40%
• Current HPI: 276.4636
• Rent YoY: ▲ 5.44%
• Metro: Virginia Beach-Norfolk-Newport News, VA-NC
• 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

+1092.3% since first listed

9 events — show timeline

• 2026-05-07 Pending — REINMLS
• 2026-04-22 Price Changed $155,000 REINMLS
• 2026-04-17 Listed $165,000 REINMLS
• 2025-08-04 Rental Removed $1,300 SHOWMOJO
• 2025-07-22 Listed for Rent $1,300 SHOWMOJO
• 2025-03-14 Rental Removed $1,300 SHOWMOJO
• 2025-03-06 Listed for Rent $1,300 SHOWMOJO
• 2019-08-27 Sold (Public Records) $22,890 Public Records
• 1973-03-01 Sold (Public Records) $13,000 Public Records

Property tax history

+10.4%/yr

Latest (2025): $1,757 · +26.4% YoY. Source: county tax records.