714 Grove St · Hampton, VA 23664

$175,000

3 bd · 1.0 ba · 854 sqft · SingleFamily public records · 88 Days on market

Built 1947 Est $225k · 22% 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 +18.6/30.0
• ARV discount +15.0/15.0
• DSCR +5.9/10.0
• Schools +5.5/10.0
• 1% rule +4.9/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Short Sale. Sale and terms of sale subject to lender approval. Short Sale professionally negotiated. This is a charming Hampton property in the desirable Fox Hill area, conveniently located near beaches, marinas, parks, shopping, and major routes. This home offers a functional layout with comfortable living spaces and a yard ready for entertaining, pets, or gardening. A great opportunity for buyers looking to enjoy coastal Hampton living with everyday convenience. Schedule your private tour today!

Key facts

• Near shopping
• Major routes
• Near beaches

Tags

• FOX HILL AREA
• NEAR BEACHES
• NEAR MARINAS
• NEAR PARKS
• NEAR SHOPPING
• MAJOR ROUTES

Property features AI

Finance

• HOA & community: No HOA fees indicated

Exterior

• Parking: 2 parking spaces
• Utilities: City/County water; City/County sewer; Electric water heater; Electric power
• Home design: Detached bungalow; Single-story home with one living level; Crawlspace foundation; Garage apartment on the property
• Construction: Asphalt shingle roof
• Exterior features: Vinyl siding; Back fenced yard

Interior

• Kitchen: Electric range; Refrigerator
• Bedrooms: Master bedroom located on the first floor
• Flooring: Vinyl
• Bathrooms: One full bathroom
• Heating & cooling: Heat pump heating; Central air conditioning
• Interior features: Vinyl flooring; First-floor master bedroom with an attached full bathroom; Total of 5 rooms
• Laundry & utility: Washer hookup; Dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $171 ($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 $173k (1.1% below list).
• Recommended offer: $164k (6.0% below list) — sets the bar for market timing.
• Cap rate 7.5% 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.
• Zoned schools: Francis Asbury Elementary (math 67% / reading 72%, grade A-, #313 of 1,108 statewide, top 32%, 450 students, 84% FRL); Hampton High (math 60% / reading 75%, grade B, #183 of 319 statewide, top 58%, 1,359 students, 86% FRL) — zoned schools average 85% FRL vs 49% district-wide (36 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 97 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 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 88 days — a 6% lower offer ($164k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 9y ago; this cycle's ask has dropped $75k (30%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1947 — 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→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $164,500 (6.0% below list)

Questions for the listing agent

1. It's been on market 88 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1947 — 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. 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.
7. 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.
8. 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: 0.99% ✗
• Cap rate: 7.47%
• Cash-on-cash: 4.19%
• DSCR: 1.19
• GRM: 8.4

CMA / ARV

• ARV (on-the-fly): $224,602
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2112 E Pembroke Ave	0.04mi	2/1.5 (-1)	857 (+0%)	0mo	$193,600	$226	90
2013 Whitman Pl	0.46mi	3/1.0	846 (-1%)	4mo	$219,000	$259	74
212 N Sixth St	0.49mi	3/1.0	875 (+2%)	0mo	$280,000	$320	73
343 Darby Ave	0.47mi	2/1.0 (-1)	876 (+3%)	0mo	$235,000	$268	68
51 Phelps Cir	0.70mi	3/1.0	855 (+0%)	0mo	$215,000	$251	67
317 Richmond Dr	0.58mi	2/1.0 (-1)	856 (+0%)	1mo	$246,000	$287	67
1926 Somerville Dr	0.70mi	3/1.0	846 (-1%)	4mo	$222,300	$263	63
21 Harwood Ave	0.37mi	3/1.0	957 (+12%)	0mo	$238,000	$249	62
422 Tappan Ave	0.44mi	3/1.0	940 (+10%)	1mo	$85,000	$90	62
1923 Rawood Dr	0.70mi	3/1.0	877 (+3%)	2mo	$235,000	$268	61
405 Shelton Rd	0.75mi	3/1.0	820 (-4%)	6mo	$212,000	$259	53
1909 Long Green Ln	0.68mi	2/1.0 (-1)	727 (-15%)	2mo	$200,000	$275	37

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: -9.7%
• Equity multiple: 0.64×
• Total profit: $-17,433
• Equity at exit: $26,093

10-year hold

• IRR: -0.3%
• Equity multiple: 0.98×
• Total profit: $-1,063
• Equity at exit: $15,131

Cash invested: $49,000 (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 23664

• Home prices YoY: -23.6%
• Active inventory: 97
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $1,731 high
• Mortgage (P&I): −$918
• Tax from tax record: −$206 /mo · $2,468/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$364
• Net cashflow: $171

Break-even live

Break-even rent $1,514

Max offer price $175,000

Occupancy floor 85%

Sensitivity live

Price	-10% $270	-5% $221	+0% $171	+5% $122	+10% $72
Rent	-10% $34	-5% $103	+0% $171	+5% $240	+10% $308
Rate	-1.0pp $259	-0.5pp $216	base $171	+0.5pp $126	+1.0pp $80

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2010 E Pembroke Ave Hampton, VA	2.0	1.0	900	$1,150	$1.28	4d	1	0.21mi
1909 N Mallory St Unit B Hampton, VA	2.0	1.0	619	$1,195	$1.93	8d	1	0.34mi
435 Smiley Rd Hampton, VA	2.0	1.0	624	$1,195	$1.92	5d	1	0.70mi
2000 Neville Cir Hampton, VA	3.0	1.0	1100	$1,750	$1.59	44d	1	0.88mi
1802 Moger Dr Hampton, VA	3.0	1.0	900	$1,700	$1.89	13d	1	1.07mi
949 N Mallory St Hampton, VA	2.0	1.5	1054	$1,250	$1.19	2d	1	1.25mi
102 Silver Isles Blvd Hampton, VA	3.0	2.0	1025	$1,900	$1.85	44d	1	1.35mi
633 Kings View Ct Hampton, VA	3.0	1.0	865	$1,700	$1.97	44d	1	1.46mi

Listing history 17 events

1. 2026-05-01
   status Under Contract
2. 2026-03-13
   historical Active Under Contract
3. 2026-03-03
   price $175,000
4. 2026-02-23
   price $230,000
5. 2026-01-30
   listed $250,000 Active
6. 2024-12-05
   soldstatus $220,000
7. 2024-10-16
   status Under Contract
8. 2024-09-30
   historical Active Under Contract
9. 2024-08-05
   listed $205,500 Active
10. 2018-05-31
    soldstatus $86,600
11. 2018-04-24
    status Under Contract
12. 2018-03-30
    listed $86,700 Active
13. 2018-03-30
    historical
14. 2017-09-28
    price $79,900
15. 2017-08-28
    listed $89,900 Active
16. 2007-04-30
    soldstatus $142,000
17. 1999-09-03
    soldstatus $54,500

ⓘ 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: $2,468 · $206/mo
• Projected year-2 tax: $2,468 · $206/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 · 17 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,773
• − Mortgage interest: −$9,803
• − Property taxes: −$2,468
• − Insurance: −$875
• − Repairs & maintenance: −$1,662
• − Management: −$1,662
• − Depreciation: −$5,091
• Taxable loss: −$787
• Est. tax savings @ 24.0%: +$189
• After-tax cash flow: $2,244/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): 9,643
• Household income: $87,412
• Rent vs Own: 28.2% rent · 71.8% own
• Severe rent burden: 394.0

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: Predominantly White (67%)
• Race & ethnicity: White 67% Black 24% Two or more races 4% Hispanic / Latino 3%
• Common ancestry: Slovak 2% Lithuanian 2% Italian 2%
• Foreign-born: 3% · Canada, Guatemala
• Languages at home: 97% English-only · Arabic 1% Spanish 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: ▼ -73.71%
• Current HPI: 238.491
• Rent YoY: —
• 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

+221.1% since first listed

17 events — show timeline

• 2026-05-01 Pending — REINMLS
• 2026-03-13 Contingent — REINMLS
• 2026-03-03 Price Changed $175,000 REINMLS
• 2026-02-23 Price Changed $230,000 REINMLS
• 2026-01-30 Listed $250,000 REINMLS
• 2024-12-05 Sold (Public Records) $220,000 Public Records
• 2024-10-16 Pending — REINMLS
• 2024-09-30 Contingent — REINMLS
• 2024-08-05 Listed $205,500 REINMLS
• 2018-05-31 Sold (Public Records) $86,600 Public Records
• 2018-04-24 Pending — REINMLS
• 2018-03-30 Listing Removed — REINMLS
• 2018-03-30 Listed $86,700 REINMLS
• 2017-09-28 Price Changed $79,900 REINMLS
• 2017-08-28 Listed $89,900 REINMLS
• 2007-04-30 Sold (Public Records) $142,000 Public Records
• 1999-09-03 Sold (Public Records) $54,500 Public Records

Property tax history

+11.8%/yr

Latest (2025): $2,468 · +48.5% YoY. Source: county tax records.