318 E Pinner St · Suffolk, VA
Flood risk No data
- FEMA flood zone
- —
- Chance of flooding over 30 yrs
- —
- Est. flood insurance / yr
- —
Fire risk No data
- Est. fire insurance / yr
- —
Heat risk No data
- Hot days now (above threshold)
- —
- Hot days in 30 yrs
- —
Wind risk No data
- Chance of severe wind over 30 yrs
- —
Air-quality risk No data
- Unhealthy air days now
- —
- Unhealthy air days in 30 yrs
- —
Risk factors via First Street. Map © Google.
Why this score? — see what drove the B+ 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 +29.7/30.0
- ARV discount +15.0/15.0
- DSCR +10.0/10.0
- 1% rule +7.6/10.0
- Schools +4.9/10.0
- Rent growth +4.0/5.0
- Livability +3.9/5.0
- Condition / age +2.2/5.0
- Appreciation +0.0/10.0
$129,500
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks
INVESTOR SPECIAL! Two-story rental property located in the heart of Suffolk with a long-term tenant in place. The main level includes a living room and kitchen. The second floor offers two bedrooms and a full bath. Exterior features include a classic front porch and an easy-to-maintain layout. The current tenant has been in place for years, with a lease running through December 2026, and would like to remain. This property offers a turnkey investment opportunity with stable rental income in a desirable Suffolk location.
Key facts
- Classic front porch
- 7,405 sq ft lot
- Parking
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/1.0-bath single-family listed at $130k. Condition is rated fair.
Deal economics
- At list price, monthly cash flow is $473 ($6k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($2k rent vs $130k).
- Recommended offer: $118k (9.0% below list) — sets the bar for market timing.
- Cap rate 10.7% vs local median 3.6% in Suffolk — 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 77/100 on livability (#88 in VA, #2,896 nationally) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, employment A-; Watch: crime C-, commute F.
- Suffolk City Public School District (suburban): math 41% / reading 69% proficiency, ranked #72 of 131 in VA (top 55%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
- Zoned schools: Mack Benn Jr. Elementary (math 27% / reading 50%, grade F, #924 of 1,108 statewide, top 84%, 684 students, 66% FRL); King'S Fork Middle (math 33% / reading 61%, grade D+, #257 of 342 statewide, top 77%, 1,031 students, 63% FRL); King'S Fork High (math 44% / reading 77%, grade C+, #244 of 319 statewide, top 77%, 1,697 students, 63% FRL) — zoned schools average 64% FRL vs 39% district-wide (25 pts higher); higher-poverty schools than district average — tighter screening recommended.
- Market conditions: Rents rising fast (+5.8%/yr); 710 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals lingering (median 42d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 76% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 680 units permitted in Suffolk city in 2024 (0 in 5+ unit buildings).
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $895 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
- Suffolk County population projected at +11% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
- At projected returns (-3.0% appreciation + 5.8% rent growth), your $36k cash investment doubles in ~7 years — after that, you're playing with house money.
Negotiation context
- It's been on market 96 days — a 9% lower offer ($118k) is reasonable based on typical stale-listing flexibility.
Risks & watch-outs
- Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 96 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
- Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
- Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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.
- 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.
- 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
- 1.26% ✓
- Cap rate
- 10.68%
- Cash-on-cash
- 15.66%
- DSCR
- 1.70
- GRM
- 6.6
CMA / ARV
- ARV (median comp)
- $243,951
- List price
- $129,500
- Delta
- -46.92%
- 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 |
|---|---|---|---|---|---|---|---|
| 407 Henry St | 0.25mi | 3/1.0 (+1) | 1,147 (+4%) | 3mo | $209,000 | $182 | 74 |
| 341 N 5th St | 0.39mi | 3/1.0 (+1) | 1,100 (-0%) | 3mo | $220,000 | $200 | 74 |
| 210 Katherine St | 0.17mi | 3/1.0 (+1) | 1,027 (-7%) | 3mo | $249,000 | $242 | 73 |
| 421 Highland Ave | 0.14mi | 3/2.5 (+1) | 1,200 (+9%) | 2mo | $285,000 | $238 | 66 |
| 301 Goodman St | 0.57mi | 3/1.0 (+1) | 1,053 (-4%) | 3mo | $125,000 | $119 | 58 |
| 215 N Capital St | 0.60mi | 3/1.0 (+1) | 1,140 (+3%) | 3mo | $90,000 | $79 | 58 |
| 345 N 5th St | 0.38mi | 3/2.5 (+1) | 1,200 (+9%) | 1mo | $288,700 | $241 | 56 |
| 222 Division St N | 0.59mi | 3/2.0 (+1) | 1,148 (+4%) | 1mo | $248,000 | $216 | 55 |
| 2208 Georgia Ave | 0.75mi | 3/2.0 (+1) | 1,117 (+1%) | 2mo | $210,000 | $188 | 53 |
| 406 Fuller St | 0.68mi | 2/2.0 | 1,000 (-9%) | 1mo | $202,000 | $202 | 48 |
| 2103 Vermont Ave | 0.72mi | 3/2.0 (+1) | 1,159 (+5%) | 1mo | $260,000 | $224 | 48 |
| 108 N 6th St | 0.73mi | 3/2.0 (+1) | 1,224 (+11%) | 2mo | $246,200 | $201 | 36 |
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 · 5.84% rent growth · sell at horizon
- IRR
- 9.5%
- Equity multiple
- 1.38×
- Total profit
- $13,922
- Equity at exit
- $19,309
- IRR
- 20.7%
- Equity multiple
- 2.98×
- Total profit
- $71,703
- Equity at exit
- $11,197
Cash invested: $36,260 (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
Active competition Active MLS
- For sale now
- 14 active · 14 under contract
- Months of supply
- 3.1 mo (32%/mo absorbed)
- Median asking
- $244,500 ($217/sqft)
- Median days on market
- 47 d
- This list price
- 14% of active listings are priced below it
- ARV vs active asking
- +2.2% vs current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 23434
- Rents YoY
- 5.8%
- Active inventory
- 710
- Price-to-rent
- 6.6×
Monthly cashflow live
- Estimated rent
- $1,633 high interval (Pro) →
- Mortgage (P&I)
- −$679
- Tax from tax record
- −$84 /mo · $1,010/yr
- Insurance
- −$54
- HOA
- −$0
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$343
- Net cashflow
- $473
Break-even live
Sensitivity live
| Price | -10% $546 | -5% $510 | +0% $473 | +5% $436 | +10% $400 |
|---|---|---|---|---|---|
| Rent | -10% $344 | -5% $409 | +0% $473 | +5% $538 | +10% $602 |
| Rate | -1.0pp $538 | -0.5pp $506 | base $473 | +0.5pp $440 | +1.0pp $405 |
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
- $32,375
- Closing costs
- $3,885
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 25 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 307 Central Ave Suffolk, VA | 3.0 | 1.0 | 840 | $1,700 | $2.02 | 17d | 1 | 0.38mi |
| 307 Central Ave Suffolk, VA | 3.0 | 1.0 | 840 | $1,700 | $2.02 | 93d | 1 | 0.38mi |
| 318 N Main St Unit K Suffolk, VA | 2.0 | 1.0 | 850 | $1,200 | $1.41 | 36d | 1 | 0.50mi |
| 301 Bank St Suffolk, VA | 2.0 | 1.0 | 800 | $1,200 | $1.50 | 39d | 1 | 0.62mi |
| 223 N 7th St Suffolk, VA | 3.0 | 2.5 | 1495 | $2,300 | $1.54 | 93d | 1 | 0.65mi |
| 116 Franklin St Suffolk, VA | 3.0 | 1.0 | 1335 | $1,750 | $1.31 | 72d | 1 | 0.67mi |
| 116 Franklin St Unit 3 Suffolk, VA | 3.0 | 1.0 | 1335 | $1,750 | $1.31 | 93d | 1 | 0.67mi |
| 326 E Washington St Suffolk, VA | 2.0 | 1.0 | 763 | $1,509 | $1.98 | 11d | 1 | 0.68mi |
| 214 N 7th St Unit NA Suffolk, VA | 2.0 | 1.0 | 760 | $1,500 | $1.97 | 72d | 1 | 0.69mi |
| 181 N Main St Suffolk, VA | 2.0 | 1.0–2.0 | 804 | $1,975 | $2.45 | 15d | 16 | 0.70mi |
| 120 S 10th St Suffolk, VA | 2.0 | 1.0 | 736 | $1,250 | $1.70 | 93d | 1 | 0.88mi |
| 1025 White Marsh Rd Suffolk, VA | 3.0 | 2.5 | 1397 | $2,295 | $1.64 | 35d | 1 | 0.98mi |
| 558 1st Ave Suffolk, VA | 2.0 | 1.5 | 1000 | $1,250 | $1.25 | 93d | 1 | 1.13mi |
| 564 1st Ave Suffolk, VA | 2.0 | 1.0 | 1000 | $1,100 | $1.10 | 93d | 1 | 1.14mi |
| 410 Wellons St Unit 204 Suffolk, VA | 2.0 | 1.0 | 1024 | $1,595 | $1.56 | 20d | 1 | 1.18mi |
| 408 Wellons St Suffolk, VA | 1.0 | 1.0 | 750 | $1,486 | $1.98 | 15d | 3 | 1.20mi |
| 206 Reid's Place Dr Suffolk, VA | 3.0 | 2.5 | 1280 | $2,200 | $1.72 | 53d | 1 | 1.24mi |
| 202 Reid's Place Dr Suffolk, VA | 3.0 | 2.5 | 1280 | $2,280 | $1.78 | 22d | 1 | 1.25mi |
| 308 Saint James Ave Unit B Suffolk, VA | 2.0 | 1.0 | 936 | $1,295 | $1.38 | 72d | 1 | 1.25mi |
| 206 Reid's Place Dr Unit 206 Suffolk, VA | 3.0 | 2.5 | 1280 | $2,300 | $1.80 | 66d | 1 | 1.27mi |
| 806 W Washington St Unit 112 Suffolk, VA | 2.0 | 2.0 | 900 | $1,325 | $1.47 | 66d | 1 | 1.35mi |
| 503 Kissimmee Ave Suffolk, VA | 3.0 | 2.0 | 1080 | $700 | $0.65 | 33d | 1 | 1.44mi |
| 406 Bosley Ave Apt D Suffolk, VA | 2.0 | 1.0 | 850 | $1,095 | $1.29 | 41d | 1 | 1.46mi |
| 406 Bosley Ave Apt D Suffolk, VA | 2.0 | 1.0 | 850 | $1,095 | $1.29 | 39d | 1 | 1.46mi |
| 410 Bosley Ave Unit B Suffolk, VA | 2.0 | 1.0 | 850 | $1,000 | $1.18 | 41d | 1 | 1.46mi |
Property features AI
Exterior
- Parking
- Driveway parkingOff-street parking (unpaved)
- Utilities
- Public waterPublic sewerElectric service
- Home design
- 2-story frame home with vinyl sidingShingle roofAbove grade finished area approximately 1,102Built (actual year not specified)
- Construction
- Frame construction with vinyl sidingShingle roof
- Exterior features
- Front porchUnpaved driveway
Interior
- Bedrooms
- Total of 5 rooms (includes bedrooms and living spaces)Half bath located on the first levelFull bath located on the first level
- Flooring
- LinoleumPartially carpeted
- Bathrooms
- One full bathroom with tub and showerOne half bathroom on the first level
- Heating & cooling
- Heat pump heating (electric)Central air conditioning
- Interior features
- Partially carpeted and linoleum flooringTub and shower in full bathroomResale condition
- Laundry & utility
- Electric water heater
Listing history 50 events
-
2026-08-08days on market $129,500 Active 96 DOM
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2026-08-07days on market $129,500 Active 95 DOM
-
2026-08-06days on market $129,500 Active 94 DOM
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2026-08-05days on market $129,500 Active 93 DOM
-
2026-08-04days on market $129,500 Active 92 DOM
-
2026-08-03days on market $129,500 Active 91 DOM
-
2026-07-31days on market $129,500 Active 88 DOM
-
2026-07-30days on market $129,500 Active 86 DOM
-
2026-07-28days on market $129,500 Active 85 DOM
-
2026-07-26days on market $129,500 Active 83 DOM
-
2026-07-24days on market $129,500 Active 81 DOM
-
2026-07-23days on market $129,500 Active 80 DOM
-
2026-07-22days on market $129,500 Active 79 DOM
-
2026-07-21days on market $129,500 Active 78 DOM
-
2026-07-20days on market $129,500 Active 77 DOM
-
2026-07-18days on market $129,500 Active 75 DOM
-
2026-07-18days on market $129,500 Active 74 DOM
-
2026-07-16days on market $129,500 Active 73 DOM
-
2026-07-15days on market $129,500 Active 72 DOM
-
2026-07-14days on market $129,500 Active 71 DOM
-
2026-07-13days on market $129,500 Active 70 DOM
-
2026-07-13days on market $129,500 Active 69 DOM
-
2026-07-11days on market $129,500 Active 68 DOM
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2026-07-10days on market $129,500 Active 67 DOM
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2026-07-09days on market $129,500 Active 66 DOM
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2026-07-07days on market $129,500 Active 64 DOM
-
2026-07-06days on market $129,500 Active 63 DOM
-
2026-07-05days on market $129,500 Active 62 DOM
-
2026-07-03days on market $129,500 Active 60 DOM
-
2026-07-02days on market $129,500 Active 59 DOM
-
2026-07-01days on market $129,500 Active 58 DOM
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2026-06-30days on market $129,500 Active 57 DOM
-
2026-06-29days on market $129,500 Active 56 DOM
-
2026-06-28days on market $129,500 Active 55 DOM
-
2026-06-27days on market $129,500 Active 54 DOM
-
2026-06-27days on market $129,500 Active 53 DOM
-
2026-06-25remarks 525-char remark
-
2026-06-25days on market $129,500 Active 51 DOM
-
2026-06-22days on market $129,500 Active 49 DOM
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2026-06-21days on market $129,500 Active 48 DOM
-
2026-06-18days on market $129,500 Active 45 DOM
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2026-06-17days on market $129,500 Active 44 DOM
-
2026-06-16days on market $129,500 Active 43 DOM
-
2026-06-15days on market $129,500 Active 42 DOM
-
2026-06-13days on market $129,500 Active 40 DOM
-
2026-06-09days on market $129,500 Active 36 DOM
-
2026-06-08days on market $129,500 Active 35 DOM
-
2026-06-07days on market $129,500 Active 34 DOM
-
2026-06-03days on market $129,500 Active 30 DOM
-
2026-06-02days on market $129,500 Active 29 DOM
ⓘ 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
- $1,010 · $84/mo
- Projected year-2 tax
- $1,062 · $88/mo
- Expected delta
- +$52/yr (+$4/mo · 5.1%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $19,600
- − Mortgage interest
- −$7,254
- − Property taxes
- −$1,010
- − Insurance
- −$648
- − Repairs & maintenance
- −$1,568
- − Management
- −$1,568
- − Depreciation
- −$3,767
- Taxable income
- $3,785
- Est. tax owed @ 24.0%
- −$908
- After-tax cash flow
- $4,768/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.
Condition & rehab AI · 3 photos
This two-story rental property in Suffolk, VA shows average condition with some wear and tear. Light repairs and maintenance, such as painting and landscaping, would significantly enhance its value and appeal to both buyers and renters.
Repairs flagged
- Minor Paint — Light discoloration on exterior and interior
- Minor Siding — Light wear and tear
Value-add opportunities
- Both Paint exterior and interior — Enhances curb appeal and interior aesthetics ↑
- Both Landscaping — Improves curb appeal and enhances property value ↑
ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.
Zoned Schools
Schools (NCES district)
- District
- Suffolk City Public School District
- NCES district ID
- 5103710
- Math proficiency
- 41% ▼ -43.00%
- Reading proficiency
- 69% ▼ -8.00%
- Median HH income
- $65,573
- Composite
- 48.31/100
- National rank
- #2151
- State rank
- #72 of 131 in VA
Livability — Suffolk
- Score
- 77/100
- State rank
- #88
- US rank
- #2896
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Suffolk, VA
- County
- Suffolk City · 95,269 people
- City population
- 88,108
- Metro
- Virginia Beach-Norfolk-Newport News, VA-NC
- Population (ZIP)
- 54,387
- Household income
- $79,877
- Rent vs Own
- Severe rent burden
- 11% of renters
Population outlook (Suffolk County) Hauer SSP2
- Today (2025)
- 95,269 people
- By 2030
- 98,269 · +3.1%
- By 2040
- 103,177 · +8.3%
- By 2050
- 105,777 · +11.0%
- By 2075
- 110,963 · +16.5%
- By 2100
- 103,711 · +8.9%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Diverse neighborhood (Simpson 0.58)
- Race & ethnicity
- Black 49% White 41% Two or more races 5% Hispanic / Latino 4% Asian 1%
- Common ancestry
- Lithuanian 1% Slovak 1% Italian 1%
- Foreign-born
- 3% · Canada
- Languages at home
- 96% English-only · Spanish 2%
Political lean MEDSL · Suffolk
- 2024 margin
- D (+15.9) · D 57.4% · R 41.5% · Other 1.2%
- 2008→2024 swing
- +2.7pp toward D · 2008: 13.2pp · 2024: 15.9pp
- All cycles
- 2024: D+15.9 2020: D+17.3 2016: D+13.8 2012: D+15.1 2008: D+13.2
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -383.80%
- Current HPI
- 158.5866
- Rent YoY
- ▲ 5.84%
- 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 |
|
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| Financial Services | 2 | $176B |
|
||
| Utilities | 2 | $27B |
|
||
| Insurance | 2 | $25B |
|
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| Technology | 2 | $15B |
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Price history
1 event — show timeline
- 2026-05-04 Listed $129,500 CVRMLS
Property tax history
+2.9%/yrLatest (2025): $1,010 · +2.5% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…