1214 Jamal Ln W · Portsmouth, VA 23701

$298,000

3 bd · 1.5 ba · 1,539 sqft · SingleFamily public records · 44 Days on market

Built 1970 $194/sqft · at area comps Est $306k · at est.

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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).

• Cash flow +11.3/30.0
• ARV discount +8.7/15.0
• Rent growth +5.0/5.0
• Schools +3.9/10.0
• Livability +3.7/5.0
• DSCR +3.3/10.0
• 1% rule +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This single-level property features a generous floor plan with endless potential, offering over 1,500 square feet of living space! Wonderful for buyers looking to add their personal touch, the home is in need of TLC and updating but provides a great canvas create your dream space. Outside, you’ll find a sizable yard with room to relax, garden, or entertain. Conveniently located near the interstate and more, this property is a fantastic opportunity for investors, renovators, or anyone eager to build equity with some improvements. Don’t miss this one! Call to schedule your tour!

Key facts

• 2 parking spots
• Built 1970
• Listed 44 days

Property features AI

Finance

• HOA & community: No HOA fees

Exterior

• Parking: Off-street parking (driveway) for 2 vehicles
• Utilities: City/County water; City/County sewer; Gas water heater
• Home design: Detached ranch; Single-story (1 living level)
• Construction: Brick siding; Asphalt shingle roof; Crawl foundation
• Exterior features: Patio; Full fenced backyard; Storage shed; Attic; Converted garage; Recreation room

Interior

• Kitchen: Range
• Bedrooms: Master bedroom on first floor; At least one bedroom with ensuite (full bath)
• Flooring: Laminate
• Bathrooms: 1 full bathroom; 1 half bathroom; First-floor full bathroom
• Heating & cooling: Forced hot air heating; Central air conditioning; Gas water heater
• Interior features: Ceiling fan; Window treatments; Rehabilitated
• Laundry & utility: Washer hookup; Dryer hookup; Utility closet

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $298k.

Deal economics

• At list price, monthly cash flow is $-112 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $278k (6.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $230k (22.7% below list).
• Recommended offer: $230k (22.7% below list) — sets the bar for 1% rule.
• Cap rate 5.8% vs local median 4.6% in Portsmouth — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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: Lakeview Elementary (math 22% / reading 47%, grade F, #966 of 1,108 statewide, top 89%, 419 students, 100% FRL); I.C. Norcom High (math 39% / reading 58%, grade D, #301 of 319 statewide, top 95%, 1,043 students, 100% FRL) — zoned schools average 100% FRL vs 60% district-wide (40 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+11.9%/yr); 167 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); 300 units permitted in Portsmouth city in 2024 (112 in 5+ unit buildings).
• This rent runs 44% of the median local income ($62k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

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.

Negotiation context

• It's been on market 44 days — a 3% lower offer ($289k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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.
• Current owner paid $196k; list at $298k implies a 52% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 80% 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 $230,294 (22.7% 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. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 23% concession, seller financing, or rate buy-down credit?
3. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.77% ✗
• Cap rate: 5.84%
• Cash-on-cash: -1.60%
• DSCR: 0.93
• GRM: 10.8

CMA / ARV

• ARV (median comp): $306,482
• List price: $298,000
• Delta: -2.77%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1414 Loren Cres	0.11mi	3/1.5	1,593 (+4%)	1mo	$195,000	$122	88
6 Jamal Ct	0.22mi	3/2.0	1,542 (+0%)	1mo	$313,500	$203	87
1109 Lakeview Dr	0.46mi	3/1.5	1,466 (-5%)	1mo	$166,000	$113	70
1405 Quiet Ct	0.57mi	3/2.0	1,540 (+0%)	2mo	$280,000	$182	70
1213 Cavalier Blvd	0.41mi	4/2.0 (+1)	1,521 (-1%)	3mo	$129,000	$85	69
1009 Liston Ln	0.49mi	3/1.5	1,600 (+4%)	3mo	$310,000	$194	68
1015 Clay St	0.60mi	3/2.0	1,500 (-2%)	1mo	$315,000	$210	65
912 Tazewell St	0.63mi	3/2.0	1,480 (-4%)	2mo	$178,000	$120	61
1013 Warfield Dr	0.42mi	4/2.0 (+1)	1,415 (-8%)	4mo	$315,000	$223	57
911 Taft Dr	0.63mi	4/2.0 (+1)	1,475 (-4%)	2mo	$297,000	$201	55
1419 Welcome Rd	0.45mi	3/2.0	1,760 (+14%)	4mo	$346,150	$197	50
902 Mineo Ln	0.50mi	4/2.5 (+1)	1,700 (+10%)	1mo	$325,000	$191	50

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -13.9%
• Equity multiple: 0.48×
• Total profit: $-43,270
• Equity at exit: $44,433

10-year hold

• IRR: 1.2%
• Equity multiple: 1.10×
• Total profit: $8,382
• Equity at exit: $25,766

Cash invested: $83,440 (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 23701

• Rents YoY: 11.9%
• Active inventory: 167
• Price-to-rent: 10.8×

Monthly cashflow live

• Estimated rent: $2,303 high
• Mortgage (P&I): −$1,563
• Tax from tax record: −$244 /mo · $2,928/yr
• Insurance: −$124
• HOA: −$0
• Vacancy / Maint / Mgmt: −$484
• Net cashflow: $-112

Break-even live

Break-even rent $2,444

Max offer price $278,285

Occupancy floor 100%

Sensitivity live

Price	-10% $57	-5% $-27	+0% $-112	+5% $-196	+10% $-280
Rent	-10% $-294	-5% $-203	+0% $-112	+5% $-21	+10% $70
Rate	-1.0pp $38	-0.5pp $-36	base $-112	+0.5pp $-189	+1.0pp $-267

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: $74,500
• Closing costs: $8,940
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1217 Lakeview Dr Portsmouth, VA	4.0	2.0	1425	$2,550	$1.79	8d	1	0.44mi
705 Warfield Dr Portsmouth, VA	3.0	1.5	1269	$2,100	$1.65	18d	1	0.71mi
203 Median Cir Portsmouth, VA	4.0	2.5	2200	$2,195	$1.00	24d	1	0.75mi
521 Weaver Cir Portsmouth, VA	4.0	2.0	1890	$2,125	$1.12	44d	1	0.78mi
840 Lancer Dr Unit 694 Portsmouth, VA	3.0	1.5	1202	$1,480	$1.23	18d	1	1.03mi
113 Bedford Pl Portsmouth, VA	4.0	2.5	1939	$2,400	$1.24	18d	1	1.08mi
113 Bedford Pl Portsmouth, VA	4.0	2.5	1939	$2,400	$1.24	44d	1	1.08mi
108 Marcy St Portsmouth, VA	4.0	2.5	2100	$2,500	$1.19	44d	1	1.16mi
1203 Baskerville Ln Portsmouth, VA	4.0	2.0	1550	$900	$0.58	24d	1	1.32mi
1203 Baskerville Ln Portsmouth, VA	4.0	2.0	1550	$2,300	$1.48	13d	1	1.32mi
3711 Bay Cres Chesapeake, VA	4.0	2.5	1915	$2,300	$1.20	17d	1	1.36mi
846 Drawbridge Dr Chesapeake, VA	3.0	2.0	1400	$2,600	$1.86	24d	1	1.43mi
207 Falcon Ave Portsmouth, VA	3.0	2.5	1720	$3,000	$1.74	44d	1	1.45mi
3208 Sir Meliot Dr Chesapeake, VA	3.0	2.0	1400	$2,295	$1.64	24d	1	1.46mi

Listing history 23 events

1. 2026-06-18
   days on market $298,000 Active 44 DOM
2. 2026-06-17
   days on market $298,000 Active 43 DOM
3. 2026-06-16
   days on market $298,000 Active 42 DOM
4. 2026-06-15
   days on market $298,000 Active 41 DOM
5. 2026-06-13
   days on market $298,000 Active 39 DOM
6. 2026-06-09
   days on market $298,000 Active 35 DOM
7. 2026-06-08
   days on market $298,000 Active 34 DOM
8. 2026-06-07
   days on market $298,000 Active 33 DOM
9. 2026-06-03
   days on market $298,000 Active 29 DOM
10. 2026-06-02
    days on market $298,000 Active 28 DOM
11. 2026-06-01
    days on market $298,000 Active 27 DOM
12. 2026-05-31
    days on market $298,000 Active 26 DOM
13. 2026-05-05
    listed $309,999 Active 863-char remark
14. 2026-05-05
    historical
15. 2026-04-27
    price $309,999
16. 2026-03-15
    price $311,990
17. 2026-03-05
    listed $317,999 Active
18. 2026-01-16
    soldstatus $196,000 Sold

    Show marketing remark (595 chars)

    This single-level property features a generous floor plan with endless potential, offering over 1,500 square feet of living space! Wonderful for buyers looking to add their personal touch, the home is in need of TLC and updating but provides a great canvas create your dream space. Outside, you’ll find a sizable yard with room to relax, garden, or entertain. Conveniently located near the interstate and more, this property is a fantastic opportunity for investors, renovators, or anyone eager to build equity with some improvements. Don’t miss this one! Call to schedule your tour!

19. 2025-12-29
    status Under Contract

    Show marketing remark (595 chars)

    This single-level property features a generous floor plan with endless potential, offering over 1,500 square feet of living space! Wonderful for buyers looking to add their personal touch, the home is in need of TLC and updating but provides a great canvas create your dream space. Outside, you’ll find a sizable yard with room to relax, garden, or entertain. Conveniently located near the interstate and more, this property is a fantastic opportunity for investors, renovators, or anyone eager to build equity with some improvements. Don’t miss this one! Call to schedule your tour!

20. 2025-12-23
    historical

    Show marketing remark (595 chars)

    This single-level property features a generous floor plan with endless potential, offering over 1,500 square feet of living space! Wonderful for buyers looking to add their personal touch, the home is in need of TLC and updating but provides a great canvas create your dream space. Outside, you’ll find a sizable yard with room to relax, garden, or entertain. Conveniently located near the interstate and more, this property is a fantastic opportunity for investors, renovators, or anyone eager to build equity with some improvements. Don’t miss this one! Call to schedule your tour!

21. 2025-12-15
    historical Active Under Contract

    Show marketing remark (595 chars)

    This single-level property features a generous floor plan with endless potential, offering over 1,500 square feet of living space! Wonderful for buyers looking to add their personal touch, the home is in need of TLC and updating but provides a great canvas create your dream space. Outside, you’ll find a sizable yard with room to relax, garden, or entertain. Conveniently located near the interstate and more, this property is a fantastic opportunity for investors, renovators, or anyone eager to build equity with some improvements. Don’t miss this one! Call to schedule your tour!

22. 2025-11-19
    price $208,800

    Show marketing remark (595 chars)

    This single-level property features a generous floor plan with endless potential, offering over 1,500 square feet of living space! Wonderful for buyers looking to add their personal touch, the home is in need of TLC and updating but provides a great canvas create your dream space. Outside, you’ll find a sizable yard with room to relax, garden, or entertain. Conveniently located near the interstate and more, this property is a fantastic opportunity for investors, renovators, or anyone eager to build equity with some improvements. Don’t miss this one! Call to schedule your tour!

23. 2025-09-24
    listed $232,000 Active

    Show marketing remark (595 chars)

    This single-level property features a generous floor plan with endless potential, offering over 1,500 square feet of living space! Wonderful for buyers looking to add their personal touch, the home is in need of TLC and updating but provides a great canvas create your dream space. Outside, you’ll find a sizable yard with room to relax, garden, or entertain. Conveniently located near the interstate and more, this property is a fantastic opportunity for investors, renovators, or anyone eager to build equity with some improvements. Don’t miss this one! Call to schedule your tour!

ⓘ 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: $2,928 · $244/mo
• Projected year-2 tax: $2,928 · $244/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 9/10 Extreme 7 d/yr ≥106°F today · 16 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: $27,635
• − Mortgage interest: −$16,693
• − Property taxes: −$2,928
• − Insurance: −$1,490
• − Repairs & maintenance: −$2,211
• − Management: −$2,211
• − Depreciation: −$8,669
• Taxable loss: −$6,566
• Est. tax savings @ 24.0%: +$1,576
• After-tax cash flow: $237/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): 24,298
• Household income: $62,349
• Rent vs Own: 31.0% rent · 69.0% own
• Severe rent burden: 580.0

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 0.58)
• Race & ethnicity: Black 52% White 39% Two or more races 6% Hispanic / Latino 3%
• Common ancestry: Italian 1% Romanian 1% Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 2%

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: ▼ -218.96%
• Current HPI: 310.8218
• Rent YoY: ▲ 11.92%
• 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

+28.4% since first listed

12 events — show timeline

• 2026-05-27 Price Changed $298,000 REINMLS
• 2026-05-05 Listing Removed — REINMLS
• 2026-05-05 Listed $309,999 REINMLS
• 2026-04-27 Price Changed $309,999 REINMLS
• 2026-03-15 Price Changed $311,990 REINMLS
• 2026-03-05 Listed $317,999 REINMLS
• 2026-01-16 Sold (MLS) $196,000 REINMLS
• 2025-12-29 Pending — REINMLS
• 2025-12-23 Listing Removed — REINMLS
• 2025-12-15 Contingent — REINMLS
• 2025-11-19 Price Changed $208,800 REINMLS
• 2025-09-24 Listed $232,000 REINMLS

Property tax history

+3.0%/yr

Latest (2025): $2,928 · +2.4% YoY. Source: county tax records.