607 Fairview Ln · Portsmouth, VA 23702

$210,000

3 bd · 1.0 ba · 960 sqft · SingleFamily public records · 27 Days on market

Built 1943 9,147 sqft lot Est $176k · 20% over

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Why this score? — see what drove the D- 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).

• Appreciation +10.0/10.0
• Cash flow +8.1/30.0
• Schools +3.9/10.0
• Livability +3.7/5.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.1/10.0
• DSCR +2.1/10.0
• ARV discount +0.0/15.0

Listing remarks

This home has great bones and is waiting for someone with vision to make it their own. You will love the hardwood floors and the solid build of the home. Your favorite space might just be the spacious sun room. The oversized detached garage offers tons of space for parking and projects and the back yard offers plenty of space for family activities, entertaining or just hanging out. Conveniently located with easy access to parks, schools, restaurants, shopping, and highways. Call for your private tour.

Key facts

• 9,147 sq ft lot
• Garage
• Built 1943

Property features AI

Finance

• Other: Property marketed as fixer upper
• HOA & community: No HOA fees

Exterior

• Parking: Detached 1-car garage; Oversized garage; Off-street parking; Driveway parking (multiple spaces)
• Utilities: City/County water; City/County sewer; Electric water heater
• Home design: Detached home; Ranch/Traditional style; Single-story
• Construction: Crawl foundation; Asphalt shingle roof
• Exterior features: Vinyl siding; Back chain-link fence; Porch; Sun room; Attic access

Interior

• Kitchen: Electric range; Dishwasher; Refrigerator; Breakfast area
• Bedrooms: First-floor master bedroom; Additional bedroom
• Flooring: Carpet; Vinyl; Wood
• Bathrooms: 1 full bathroom
• Heating & cooling: Heat pump; Electric heating; Central air
• Interior features: Ceiling fan; Cable hookup; Pull-down attic stairs
• Laundry & utility: Washer hookup; Dryer hookup; Utility room

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $210k.

Deal economics

• At list price, monthly cash flow is $-208 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $173k (17.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $148k (29.4% below list).
• Recommended offer: $148k (29.4% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 73/100 on livability (#172 in VA) — a middle-class / working-renter tenant base. Strengths: amenities A+, cost of living A+, housing A+; Watch: employment C-, crime F, commute F.
• Portsmouth City Public School District (urban): math 34% / reading 58% proficiency, ranked #107 of 131 in VA (top 82%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Victory Elementary (math 37% / reading 57%, grade D-, #794 of 1,108 statewide, top 74%, 589 students, 117% FRL); Cradock Middle (math 32% / reading 62%, grade D+, #257 of 342 statewide, top 77%, 533 students, 100% FRL); Manor High (math 48% / reading 75%, grade B-, #240 of 319 statewide, top 75%, 1,236 students, 99% FRL) — zoned schools average 105% FRL vs 60% district-wide (45 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+4.0%/yr); 65 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 300 units permitted in Portsmouth city in 2024 (112 in 5+ unit buildings).
• This rent runs 36% of the median local income ($49k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $22k of equity ($1k loan paydown + $21k appreciation (10.0% local appreciation)).
• By year 2, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 27 days — a 2% lower offer ($207k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1943 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $148,360 (29.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1943 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. 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.
8. 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.
9. 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: 0.71% ✗
• Cap rate: 5.10%
• Cash-on-cash: -4.24%
• DSCR: 0.81
• GRM: 11.8

CMA / ARV

• ARV (on-the-fly): $175,680
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4109 Deep Creek Blvd	0.11mi	2/1.0 (-1)	1,000 (+4%)	3mo	$220,000	$220	80
21 Dekalb Ave	0.36mi	3/1.0	984 (+2%)	6mo	$180,000	$183	74
218 Castlewood Rd	0.25mi	3/1.0	864 (-10%)	3mo	$136,000	$157	69
206 Kelly Dr	0.29mi	2/2.0 (-1)	1,000 (+4%)	2mo	$125,000	$125	69
132 Cushing St	0.46mi	2/1.0 (-1)	1,016 (+6%)	3mo	$215,000	$212	62
42 Chatham Rd	0.61mi	2/1.0 (-1)	922 (-4%)	3mo	$238,000	$258	58
118 Dekalb Ave	0.41mi	2/1.0 (-1)	1,065 (+11%)	2mo	$175,500	$165	56
117 Edison Ave	0.67mi	2/1.0 (-1)	1,000 (+4%)	2mo	$227,500	$228	55
113 Baldwin Ave	0.70mi	2/1.5 (-1)	973 (+1%)	4mo	$95,000	$98	55
321 Beacon Rd	0.74mi	3/1.0	864 (-10%)	1mo	$155,000	$179	48
222 Charles Ave	0.51mi	2/1.0 (-1)	822 (-14%)	0mo	$219,900	$268	47
4 May St	0.73mi	3/1.5	1,064 (+11%)	4mo	$155,000	$146	43

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.97% rent growth · sell at horizon

5-year hold

• IRR: 21.5%
• Equity multiple: 2.74×
• Total profit: $102,564
• Equity at exit: $189,185

10-year hold

• IRR: 19.6%
• Equity multiple: 6.37×
• Total profit: $315,497
• Equity at exit: $407,984

Cash invested: $58,800 (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 23702

• Home prices YoY: 5.2%
• Rents YoY: 4.0%
• Active inventory: 65
• Price-to-rent: 11.8×

Monthly cashflow live

• Estimated rent: $1,484 high
• Mortgage (P&I): −$1,101
• Tax from tax record: −$191 /mo · $2,295/yr
• Insurance: −$88
• HOA: −$0
• Vacancy / Maint / Mgmt: −$312
• Net cashflow: $-208

Break-even live

Break-even rent $1,747

Max offer price $173,256

Occupancy floor —

Sensitivity live

Price	-10% $-89	-5% $-149	+0% $-208	+5% $-267	+10% $-327
Rent	-10% $-325	-5% $-267	+0% $-208	+5% $-149	+10% $-91
Rate	-1.0pp $-102	-0.5pp $-155	base $-208	+0.5pp $-262	+1.0pp $-318

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: $52,500
• Closing costs: $6,300
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
21 DeKalb Ave Portsmouth, VA	2.0	1.0	984	$1,550	$1.58	45d	1	0.33mi
3724 Deep Creek Blvd Unit 3754 Portsmouth, VA	2.0	1.0	900	$995	$1.11	14d	1	0.41mi
3724 Deep Creek Blvd Unit 3728 Portsmouth, VA	2.0	1.0	900	$995	$1.11	25d	1	0.41mi
9 Seminole Dr Portsmouth, VA	1.0–2.0	1.0	545	$1,155	$2.12	46d	5	0.59mi
9 Seminole Dr Unit SEB08-N Portsmouth, VA	2.0	1.0	610	$1,050	$1.72	45d	1	0.62mi
102 Francis St #98 Portsmouth, VA	2.0	1.5	1000	$1,395	$1.40	18d	1	0.70mi
98 Francis St Portsmouth, VA	2.0	2.0	984	$1,395	$1.42	16d	1	0.70mi
231 Edison Ave Portsmouth, VA	2.0	1.5	1100	$1,275	$1.16	21d	1	0.72mi
231 Edison Ave Unit 231 Portsmouth, VA	2.0	1.5	1050	$1,275	$1.21	12d	1	0.72mi
70 Manly St Portsmouth, VA	2.0	1.0	1000	$1,350	$1.35	45d	1	0.79mi
11 Carver Cir Portsmouth, VA	2.0	1.0	695	$1,395	$2.01	45d	1	0.97mi
1 Shelby St Portsmouth, VA	2.0	1.0	700	$1,250	$1.79	25d	1	1.02mi
49 Carver Cir Portsmouth, VA	2.0	2.0	800	$1,450	$1.81	25d	1	1.03mi
18 Cooper Dr Portsmouth, VA	2.0	1.0	920	$1,400	$1.52	19d	1	1.08mi
2810 Roanoke Ave Portsmouth, VA	3.0	1.5	1100	$2,100	$1.91	45d	1	1.10mi
3304 Killian Ave Portsmouth, VA	3.0	1.0	800	$2,000	$2.50	25d	1	1.16mi
2756 Peach St Portsmouth, VA	2.0	1.5	1040	$1,495	$1.44	25d	1	1.50mi

Listing history 20 events

1. 2026-06-21
   days on market $210,000 Active 27 DOM
2. 2026-06-18
   days on market $210,000 Active 24 DOM
3. 2026-06-17
   days on market $210,000 Active 23 DOM
4. 2026-06-16
   days on market $210,000 Active 22 DOM
5. 2026-06-15
   days on market $210,000 Active 21 DOM
6. 2026-06-13
   days on market $210,000 Active 19 DOM
7. 2026-06-09
   days on market $210,000 Active 15 DOM
8. 2026-06-08
   days on market $210,000 Active 14 DOM
9. 2026-06-07
   days on market $210,000 Active 13 DOM
10. 2026-06-03
    days on market $210,000 Active 9 DOM
11. 2026-06-02
    days on market $210,000 Active 8 DOM
12. 2026-06-01
    days on market $210,000 Active 7 DOM
13. 2026-05-31
    days on market $210,000 Active 6 DOM
14. 2026-05-26
    listed $210,000 Active
15. 2026-05-17
    listed $210,000
16. 2024-07-02
    soldstatus $188,000
17. 2024-07-02
    soldstatus $188,000
18. 2024-06-03
    soldstatus $180,000
19. 2024-04-29
    status Under Contract
20. 2024-04-25
    listed $174,900 Active

ⓘ 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: $2,295 · $191/mo
• Projected year-2 tax: $2,295 · $191/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 3/10 Moderate FEMA zone X (unshaded) · 10% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥106°F today · 15 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 6 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,803
• − Mortgage interest: −$11,763
• − Property taxes: −$2,295
• − Insurance: −$1,050
• − Repairs & maintenance: −$1,424
• − Management: −$1,424
• − Depreciation: −$6,109
• Taxable loss: −$6,263
• Est. tax savings @ 24.0%: +$1,503
• After-tax cash flow: $-993/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: Portsmouth City Public School District
• NCES district ID: 5103000
• Math proficiency: 34% ▼ -40.00%
• Reading proficiency: 58% ▼ -12.00%
• Median HH income: $46,152
• Composite: 39.01/100
• National rank: #4071
• State rank: #107 of 131 in VA

Livability — Portsmouth

• Score: 73/100
• State rank: #172
• US rank: #5381

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Portsmouth, VA
• County: Portsmouth City · 96,366 people
• City population: 96,366
• Metro: Virginia Beach-Norfolk-Newport News, VA-NC
• Population (ZIP): 12,485
• Household income: $48,835
• Rent vs Own: 53.8% rent · 46.2% own
• Severe rent burden: 534.0

Population outlook (Portsmouth County) Hauer SSP2

• Today (2025): 96,730 people
• By 2030: 96,760 · +0.0%
• By 2040: 96,573 · -0.2%
• By 2050: 95,606 · -1.2%
• By 2075: 93,579 · -3.3%
• By 2100: 83,756 · -13.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: Black 50% White 35% Two or more races 9% Hispanic / Latino 8%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3%
• Common ancestry: Lithuanian 1% Italian 1% Slovak 1%
• Foreign-born: 4% · Canada, South Korea
• Languages at home: 95% English-only · Spanish 4%

Political lean MEDSL · Portsmouth

• 2024 margin: Solid D (+38.6) · D 68.6% · R 30.0% · Other 1.4%
• 2008→2024 swing: -0.7pp no change · 2008: 39.3pp · 2024: 38.6pp
• All cycles: 2024: D+38.6 2020: D+40.8 2016: D+36.5 2012: D+39.6 2008: D+39.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 16.70%
• Current HPI: 340.0817
• Rent YoY: ▲ 3.97%
• 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

+20.1% since first listed

7 events — show timeline

• 2026-05-26 Listed $210,000 REINMLS
• 2026-05-17 Listed $210,000 REINMLS
• 2024-07-02 Sold (Public Records) $188,000 Public Records
• 2024-07-02 Sold (Public Records) $188,000 Public Records
• 2024-06-03 Sold (Public Records) $180,000 Public Records
• 2024-04-29 Pending — REINMLS
• 2024-04-25 Listed $174,900 REINMLS

Property tax history

+2.5%/yr

Latest (2025): $2,295 · +1.3% YoY. Source: county tax records.