208 Winber Dr · Richmond, VA 23224

$170,000

3 bd · 1.5 ba · 1,955 sqft · SingleFamily public records · 7 Days on market

Built 1946 7,026 sqft lot

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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 +27.1/30.0
• DSCR +9.4/10.0
• ARV discount +7.5/15.0
• 1% rule +7.0/10.0
• Livability +4.2/5.0
• Rent growth +3.6/5.0
• Schools +3.3/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This property is for the INVESTORS!! This solid all brick 1955 sqft, 3 bedrooms, 1 full bathroom with 2 half bathrooms. This home will not past for FHA or a conventional loan. Seeking cash buyers and willing to close fast. The ARV is around $335K so will meet the needs if you are trying to flip or hold. Book a tour today!

Key facts

• 7,026 sq ft lot
• Built 1946
• Listed 7 days

Property features AI

Exterior

• Parking: Off-street parking; On-street parking
• Utilities: Public water; Public sewer
• Home design: Brick and frame construction; Composition roof; Single-story (total 1 story); Entry level is 2
• Construction: Brick and frame construction; Composition roof
• Exterior features: Full fenced yard

Interior

• Bedrooms: Total of 8 rooms (bedrooms and living spaces combined)
• Flooring: Carpet; Wood
• Bathrooms: One full bathroom; Two half bathrooms (one on first level, one on second level)
• Heating & cooling: Electric heating; Electric cooling
• Interior features: Carpet and wood flooring; Tub & shower in full bathroom
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $170k.

Deal economics

• At list price, monthly cash flow is $484 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $170k).
• Cap rate 9.7% vs local median 3.3% in Richmond — 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 (#33 in VA, #793 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, health & safety A+; Watch: crime D-.
• Richmond City Public School District (urban): math 32% / reading 47% proficiency, ranked #123 of 131 in VA (top 94%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 74% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+4.5%/yr); 173 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 2,540 units permitted in Richmond city in 2024 (2,077 in 5+ unit buildings).
• At $2,044/mo this rent would consume 49% of the median local household income ($50k/yr) (locally 3584% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

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.
• Richmond County population projected at +40% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 4.5% rent growth), your $48k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $14k; list at $170k implies a 1072% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1946 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% 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 $170,000

Questions for the listing agent

1. Built in 1946 — 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 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?
4. Crime grade is D 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?
5. 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.
6. 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.
7. 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: 1.20% ✓
• Cap rate: 9.71%
• Cash-on-cash: 12.20%
• DSCR: 1.54
• GRM: 6.9

CMA / ARV

• ARV (on-the-fly): $346,035
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
102 E 33rd St	0.32mi	4/2.0 (+1)	1,804 (-8%)	3mo	$265,000	$147	62
3006 Midlothian Tpke	0.66mi	4/2.5 (+1)	1,936 (-1%)	1mo	$325,000	$168	58
1008 E Belt Blvd	0.48mi	4/2.0 (+1)	1,824 (-7%)	5mo	$185,000	$101	56
2904 Hull St	0.71mi	4/3.0 (+1)	1,964 (+0%)	0mo	$348,250	$177	55
17 E Blake Ln	0.48mi	3/2.5	1,818 (-7%)	8mo	$303,000	$167	55
3105 1/2 Logandale Ave	0.58mi	3/2.5	1,815 (-7%)	8mo	$380,000	$209	50
1237 Greystone Ave	0.64mi	3/1.5	1,778 (-9%)	6mo	$185,000	$104	50
4009 Dunston Ave	0.71mi	4/2.5 (+1)	2,038 (+4%)	3mo	$675,000	$331	48
2908 Lawson St	0.68mi	3/2.5	1,748 (-11%)	2mo	$335,000	$192	45
405 W 34th St	0.68mi	4/1.5 (+1)	1,730 (-12%)	0mo	$474,000	$274	44
4004 Forest Hill Ave	0.71mi	3/2.5	2,203 (+13%)	3mo	$545,000	$247	39
3055 Midlothian Tpke	0.63mi	4/1.0 (+1)	1,696 (-13%)	8mo	$170,000	$100	35

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 · 4.55% rent growth · sell at horizon

5-year hold

• IRR: 3.5%
• Equity multiple: 1.14×
• Total profit: $6,506
• Equity at exit: $25,348

10-year hold

• IRR: 14.4%
• Equity multiple: 2.24×
• Total profit: $59,069
• Equity at exit: $14,698

Cash invested: $47,600 (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

VRLTA gives some tenant protections; Northern Virginia courts slower; rural VA landlord-leaning.

Methodology + full state rankings →

ZIP-level market 23224

• Rents YoY: 4.5%
• Active inventory: 173
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $2,044 high
• Mortgage (P&I): −$891
• Tax from tax record: −$169 /mo · $2,028/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$429
• Net cashflow: $484

Break-even live

Break-even rent $1,432

Max offer price $170,000

Occupancy floor 71%

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: $42,500
• Closing costs: $5,100
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
100 Mardick Rd Richmond, VA	4.0	2.0	1254	$2,250	$1.79	23d	1	0.29mi
3314 Decatur St Richmond, VA	2.0	1.5	1640	$1,800	$1.10	43d	1	0.34mi
3 E Blake Ln Richmond, VA	3.0	1.5	2065	$2,000	$0.97	3d	1	0.49mi
216 Brandon Rd Richmond, VA	3.0	1.0	1237	$1,800	$1.46	23d	1	0.64mi
152 Brandon Rd Richmond, VA	3.0	1.0	1237	$2,109	$1.70	23d	1	0.70mi
1200 Southwood Pkwy Richmond, VA	1.0–2.0	1.0–2.0	916	$1,605	$1.75	43d	11	1.03mi
2522 Porter St Richmond, VA	3.0	2.5	1390	$1,800	$1.29	43d	1	1.08mi
1100 Richmond Hwy Richmond, VA	1.0–3.0	1.0–2.0	1062	$2,345	$2.21	1d	16	1.30mi
2143 S Kinsley Ave Richmond, VA	4.0	1.0	1297	$1,550	$1.20	43d	1	1.31mi
2117 Old Manchester St Richmond, VA	3.0	4.0	1960	$2,695	$1.38	10d	1	1.39mi
2104 Boro Ridge St Richmond, VA	3.0	2.5	1916	$2,775	$1.45	43d	1	1.42mi
1912 Porter St Richmond, VA	3.0	1.5	1415	$1,950	$1.38	23d	1	1.43mi
1840 Powell Rd Richmond, VA	2.0	1.0	1228	$1,695	$1.38	16d	1	1.49mi
4901 Warwick Rd Richmond, VA	4.0	2.5	2540	$2,750	$1.08	20d	1	1.49mi

Listing history 3 events

1. 2026-04-30
   status Pending
2. 2026-04-23
   listed $170,000 Active
3. 1967-01-04
   soldstatus $14,500

ⓘ 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: $2,028 · $169/mo
• Projected year-2 tax: $2,028 · $169/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥105°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% 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: $24,533
• − Mortgage interest: −$9,523
• − Property taxes: −$2,028
• − Insurance: −$850
• − Repairs & maintenance: −$1,963
• − Management: −$1,963
• − Depreciation: −$4,945
• Taxable income: $3,262
• Est. tax owed @ 24.0%: −$783
• After-tax cash flow: $5,022/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: Richmond City Public School District
• NCES district ID: 5103240
• Math proficiency: 32% ▼ -24.00%
• Reading proficiency: 47% ▼ -9.00%
• Median HH income: $40,276
• Composite: 33.09/100
• National rank: #5564
• State rank: #123 of 131 in VA

Livability — Richmond

• Score: 84/100
• State rank: #33
• US rank: #793

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Richmond, VA
• County: Richmond City · 178,280 people
• City population: 287,109
• Metro: Richmond, VA
• Population (ZIP): 40,575
• Household income: $50,475
• Rent vs Own: 63.6% rent · 36.4% own
• Severe rent burden: 3584.0

Population outlook (Richmond County) Hauer SSP2

• Today (2025): 262,263 people
• By 2030: 284,503 · +8.5%
• By 2040: 327,353 · +24.8%
• By 2050: 367,946 · +40.3%
• By 2075: 449,560 · +71.4%
• By 2100: 500,301 · +90.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: Black 59% Hispanic / Latino 22% White 15% Two or more races 6%
• Hispanic origin (detail): Mexican 5% Puerto Rican 2%
• Common ancestry: Romanian 1% Lithuanian 1% Serbian 1%
• Foreign-born: 17% · Canada
• Languages at home: 78% English-only · Spanish 19% French/Haitian/Cajun 1%

Political lean MEDSL · Richmond

• 2024 margin: Solid D (+66.3) · D 82.0% · R 15.8% · Other 2.2%
• 2008→2024 swing: +7.2pp toward D · 2008: 59.1pp · 2024: 66.3pp
• All cycles: 2024: D+66.3 2020: D+68.0 2016: D+63.8 2012: D+55.7 2008: D+59.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -283.99%
• Current HPI: 336.9345
• Rent YoY: ▲ 4.55%
• Metro: Richmond, VA
• 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

+1072.4% since first listed

3 events — show timeline

• 2026-04-30 Pending — CVRMLS
• 2026-04-23 Listed $170,000 CVRMLS
• 1967-01-04 Sold (Public Records) $14,500 Public Records

Property tax history

+6.6%/yr

Latest (2022): $2,028 · +60.6% YoY. Source: county tax records.