104 Schenck Dr · Williamsburg, VA 23188

$294,000

3 bd · 1.0 ba · 1,295 sqft · SingleFamily public records · 63 Days on market

Built 1960 0.34 ac lot $227/sqft · 17% below area Est $354k · 17% under ↓ 8% since listing

---

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 +16.0/30.0
• ARV discount +15.0/15.0
• Schools +7.2/10.0
• DSCR +4.9/10.0
• Livability +4.2/5.0
• 1% rule +3.4/10.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this beautiful 3-bedroom ranch style home, perfectly located in the City of Williamsburg while zoned for the highly sought-after York County school system. Inside, you'll find a well maintained interior designed for easy living and enough space to add another bathroom if desired. Step outside to enjoy the spacious yard that grows the prettiest flowers in the spring time and is easy for entertaining while enjoying nature. The new deck as of 2025 makes this home handicap accessible for everyone to call this house a home. The combination of accessibility, convenience, generous outdoor space and prime location make this home a must-see!

Key facts

• Spacious yard
• Handicap accessible
• Ranch style home

Tags

• RANCH STYLE HOME
• WELL MAINTAINED INTERIOR
• SPACIOUS YARD
• NEW DECK
• HANDICAP ACCESSIBLE
• PRIME LOCATION

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $294k.

Deal economics

• At list price, monthly cash flow is $144 ($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 $246k (16.3% below list).
• Recommended offer: $246k (16.3% below list) — sets the bar for 1% rule.
• Cap rate 6.9% vs local median 3.1% in Williamsburg — 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 84/100 on livability (#31 in VA, #734 nationally) — a professional / high-income tenant draw. Strengths: schools A+, amenities A+, commute A+; Watch: cost of living D.
• York County Public School District (suburban): math 77% / reading 87% proficiency, ranked #3 of 131 in VA (top 2%) — strong family-tenant draw, lease renewals of 3-5y typical; only 15% free/reduced lunch — higher-income household profile.
• Market conditions: Rents rising (+2.5%/yr); 422 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 187 units permitted in York County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• York County population projected at +16% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 63 days — a 6% lower offer ($276k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $25k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 69% 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 $246,192 (16.3% below list)

Questions for the listing agent

1. It's been on market 63 days. Have you received any prior offers? Is the seller open to a 16% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — 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 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?
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: 0.84% ✗
• Cap rate: 6.88%
• Cash-on-cash: 2.10%
• DSCR: 1.09
• GRM: 10.0

CMA / ARV

• ARV (median comp): $353,775
• List price: $294,000
• Delta: -16.90%
• Verdict: UNDERPRICED
• Comps: 6 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
401 Wilkinson Dr	0.22mi	2/3.0 (-1)	1,282 (-1%)	1mo	$415,000	$324	74
145 Barlow Rd	0.42mi	3/2.0	1,344 (+4%)	1mo	$330,000	$246	70

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 · 2.53% rent growth · sell at horizon

5-year hold

• IRR: -13.5%
• Equity multiple: 0.52×
• Total profit: $-39,711
• Equity at exit: $43,836

10-year hold

• IRR: -5.3%
• Equity multiple: 0.66×
• Total profit: $-27,877
• Equity at exit: $25,420

Cash invested: $82,320 (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 23188

• Rents YoY: 2.5%
• Active inventory: 422
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $2,462 medium
• Mortgage (P&I): −$1,542
• Tax from tax record: −$136 /mo · $1,636/yr
• Insurance: −$122
• HOA: −$0
• Vacancy / Maint / Mgmt: −$517
• Net cashflow: $144

Break-even live

Break-even rent $2,279

Max offer price $294,000

Occupancy floor 89%

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: $73,500
• Closing costs: $8,820
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
109 Capeside Ct Williamsburg, VA	3.0	2.5	1775	$2,695	$1.52	44d	1	1.10mi
401 Bulifants Blvd Williamsburg, VA	1.0–3.0	1.0–2.0	1101	$2,476	$2.25	2d	15	1.16mi
217 Capeside Ct Williamsburg, VA	3.0	2.5	1599	$2,062	$1.29	44d	1	1.20mi

Listing history 10 events

1. 2026-05-13
   status Active 651-char remark

   Show marketing remark (651 chars)

   Welcome to this beautiful 3-bedroom ranch style home, perfectly located in the City of Williamsburg while zoned for the highly sought-after York County school system. Inside, you'll find a well maintained interior designed for easy living and enough space to add another bathroom if desired. Step outside to enjoy the spacious yard that grows the prettiest flowers in the spring time and is easy for entertaining while enjoying nature. The new deck as of 2025 makes this home handicap accessible for everyone to call this house a home. The combination of accessibility, convenience, generous outdoor space and prime location make this home a must-see!

2. 2026-05-13
   status Active 651-char remark

   Show marketing remark (651 chars)

   Welcome to this beautiful 3-bedroom ranch style home, perfectly located in the City of Williamsburg while zoned for the highly sought-after York County school system. Inside, you'll find a well maintained interior designed for easy living and enough space to add another bathroom if desired. Step outside to enjoy the spacious yard that grows the prettiest flowers in the spring time and is easy for entertaining while enjoying nature. The new deck as of 2025 makes this home handicap accessible for everyone to call this house a home. The combination of accessibility, convenience, generous outdoor space and prime location make this home a must-see!

3. 2026-05-04
   historical Active Under Contract 651-char remark

   Show marketing remark (651 chars)

   Welcome to this beautiful 3-bedroom ranch style home, perfectly located in the City of Williamsburg while zoned for the highly sought-after York County school system. Inside, you'll find a well maintained interior designed for easy living and enough space to add another bathroom if desired. Step outside to enjoy the spacious yard that grows the prettiest flowers in the spring time and is easy for entertaining while enjoying nature. The new deck as of 2025 makes this home handicap accessible for everyone to call this house a home. The combination of accessibility, convenience, generous outdoor space and prime location make this home a must-see!

4. 2026-05-04
   historical Active Under Contract 651-char remark

   Show marketing remark (651 chars)

   Welcome to this beautiful 3-bedroom ranch style home, perfectly located in the City of Williamsburg while zoned for the highly sought-after York County school system. Inside, you'll find a well maintained interior designed for easy living and enough space to add another bathroom if desired. Step outside to enjoy the spacious yard that grows the prettiest flowers in the spring time and is easy for entertaining while enjoying nature. The new deck as of 2025 makes this home handicap accessible for everyone to call this house a home. The combination of accessibility, convenience, generous outdoor space and prime location make this home a must-see!

5. 2026-04-29
   price $294,000 651-char remark

   Show marketing remark (651 chars)

   Welcome to this beautiful 3-bedroom ranch style home, perfectly located in the City of Williamsburg while zoned for the highly sought-after York County school system. Inside, you'll find a well maintained interior designed for easy living and enough space to add another bathroom if desired. Step outside to enjoy the spacious yard that grows the prettiest flowers in the spring time and is easy for entertaining while enjoying nature. The new deck as of 2025 makes this home handicap accessible for everyone to call this house a home. The combination of accessibility, convenience, generous outdoor space and prime location make this home a must-see!

6. 2026-04-29
   price $294,000 651-char remark

   Show marketing remark (651 chars)

   Welcome to this beautiful 3-bedroom ranch style home, perfectly located in the City of Williamsburg while zoned for the highly sought-after York County school system. Inside, you'll find a well maintained interior designed for easy living and enough space to add another bathroom if desired. Step outside to enjoy the spacious yard that grows the prettiest flowers in the spring time and is easy for entertaining while enjoying nature. The new deck as of 2025 makes this home handicap accessible for everyone to call this house a home. The combination of accessibility, convenience, generous outdoor space and prime location make this home a must-see!

7. 2026-04-09
   price $309,000 651-char remark

   Show marketing remark (651 chars)

   Welcome to this beautiful 3-bedroom ranch style home, perfectly located in the City of Williamsburg while zoned for the highly sought-after York County school system. Inside, you'll find a well maintained interior designed for easy living and enough space to add another bathroom if desired. Step outside to enjoy the spacious yard that grows the prettiest flowers in the spring time and is easy for entertaining while enjoying nature. The new deck as of 2025 makes this home handicap accessible for everyone to call this house a home. The combination of accessibility, convenience, generous outdoor space and prime location make this home a must-see!

8. 2026-04-09
   price $309,000 651-char remark

   Show marketing remark (651 chars)

   Welcome to this beautiful 3-bedroom ranch style home, perfectly located in the City of Williamsburg while zoned for the highly sought-after York County school system. Inside, you'll find a well maintained interior designed for easy living and enough space to add another bathroom if desired. Step outside to enjoy the spacious yard that grows the prettiest flowers in the spring time and is easy for entertaining while enjoying nature. The new deck as of 2025 makes this home handicap accessible for everyone to call this house a home. The combination of accessibility, convenience, generous outdoor space and prime location make this home a must-see!

9. 2026-03-27
   listed $319,000 Active 651-char remark

   Show marketing remark (651 chars)

   Welcome to this beautiful 3-bedroom ranch style home, perfectly located in the City of Williamsburg while zoned for the highly sought-after York County school system. Inside, you'll find a well maintained interior designed for easy living and enough space to add another bathroom if desired. Step outside to enjoy the spacious yard that grows the prettiest flowers in the spring time and is easy for entertaining while enjoying nature. The new deck as of 2025 makes this home handicap accessible for everyone to call this house a home. The combination of accessibility, convenience, generous outdoor space and prime location make this home a must-see!

10. 2026-03-27
    listed $319,000 Active 651-char remark

    Show marketing remark (651 chars)

    Welcome to this beautiful 3-bedroom ranch style home, perfectly located in the City of Williamsburg while zoned for the highly sought-after York County school system. Inside, you'll find a well maintained interior designed for easy living and enough space to add another bathroom if desired. Step outside to enjoy the spacious yard that grows the prettiest flowers in the spring time and is easy for entertaining while enjoying nature. The new deck as of 2025 makes this home handicap accessible for everyone to call this house a home. The combination of accessibility, convenience, generous outdoor space and prime location make this home a must-see!

ⓘ 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: $1,636 · $136/mo
• Projected year-2 tax: $2,411 · $201/mo
• Expected delta: +$775/yr (+$65/mo · 47.4%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 69% 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: $29,543
• − Mortgage interest: −$16,469
• − Property taxes: −$1,636
• − Insurance: −$1,470
• − Repairs & maintenance: −$2,363
• − Management: −$2,363
• − Depreciation: −$8,553
• Taxable loss: −$3,311
• Est. tax savings @ 24.0%: +$795
• After-tax cash flow: $2,527/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: York County Public School District
• NCES district ID: 5104150
• Math proficiency: 77% ▼ -15.00%
• Reading proficiency: 87% ▼ -1.00%
• Median HH income: $81,985
• Composite: 72.34/100
• National rank: #202
• State rank: #3 of 131 in VA

Livability — Williamsburg

• Score: 84/100
• State rank: #31
• US rank: #734

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: James City County · 45,803 people
• City population: 101,073
• Metro: Virginia Beach-Norfolk-Newport News, VA-NC
• Population (ZIP): 45,803
• Household income: $103,160
• Rent vs Own: 26.6% rent · 73.4% own
• Severe rent burden: 1353.0

Population outlook (York County) Hauer SSP2

• Today (2025): 75,000 people
• By 2030: 78,122 · +4.2%
• By 2040: 83,329 · +11.1%
• By 2050: 87,381 · +16.5%
• By 2075: 99,308 · +32.4%
• By 2100: 101,751 · +35.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Black 13% Two or more races 7% Hispanic / Latino 6% Asian 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2%
• Common ancestry: Lithuanian 3% Slovak 3% Romanian 2%
• Foreign-born: 7% · Canada, China
• Languages at home: 93% English-only · Spanish 3% Chinese 1%

Political lean MEDSL · York

• 2024 margin: Lean R (+6.1) · D 46.3% · R 52.4% · Other 1.3%
• 2008→2024 swing: +11.9pp toward D · 2008: -18.1pp · 2024: -6.1pp
• All cycles: 2024: R+6.1 2020: R+6.6 2016: R+17.1 2012: R+20.7 2008: R+18.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -213.65%
• Current HPI: 226.2192
• Rent YoY: ▲ 2.53%
• 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

-7.8% since first listed

10 events — show timeline

• 2026-05-13 Relisted — REINMLS
• 2026-05-13 Relisted — WMLS
• 2026-05-04 Contingent — REINMLS
• 2026-05-04 Contingent — WMLS
• 2026-04-29 Price Changed $294,000 REINMLS
• 2026-04-29 Price Changed $294,000 WMLS
• 2026-04-09 Price Changed $309,000 REINMLS
• 2026-04-09 Price Changed $309,000 WMLS
• 2026-03-27 Listed $319,000 WMLS
• 2026-03-27 Listed $319,000 REINMLS

Property tax history

+4.7%/yr

Latest (2025): $1,636 · +22.2% YoY. Source: county tax records.