218 Ola Dr · Jonesville, VA 24263

$79,900

2 bd · 1.0 ba · 1,311 sqft · SingleFamily · 26 Days on market

Built 1971 0.50 ac lot

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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 +29.2/30.0
• DSCR +10.0/10.0
• Appreciation +8.5/10.0
• 1% rule +8.1/10.0
• ARV discount +7.5/15.0
• Schools +5.0/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Affordable living!!! This fully furnished 1971 singlewide home has 2 bedrooms and 1 full bath! 2 dens, a large open kitchen/dining area, laundry room, and built on addition sunroom make up this home! Gorgeous mountain views from the sunroom and property! This home is on a dead-end road offering low traffic. All kitchen appliances and washer/dryer convey. Electric heat pump for heat and air as well as 2 propane fireplaces! New gravel driveway and new French door in family room installed last year.

Key facts

• New pex plumbing
• Vinyl siding
• Full kitchen remodel

Tags

• MOUNTAIN VIEWS
• OPEN KITCHEN DINING AREA
• BUILT ON ADDITION SUNROOM
• NEW PEX PLUMBING
• VINYL SIDING
• FULL KITCHEN REMODEL

Property features AI

Exterior

• Parking: Off-street parking; 1-car carport
• Utilities: Public sewer
• Home design: Detached property; 1,311 square foot building area
• Construction: Vinyl siding; Aluminum siding; Other exterior materials; Crawl space foundation
• Exterior features: Storage structure on property; Level to rolling slope lot; Mountain view

Interior

• Kitchen: Refrigerator
• Flooring: Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Heat pump with electric and propane options; Central cooling
• Interior features: Eat-in kitchen; 5 total rooms
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $277 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Recommended offer: $79k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 62/100 on livability (#397 in VA) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, schools B+; Watch: amenities F, commute F, employment F.
• Lee County Public School District (rural): math 53% / reading 69% proficiency, ranked #62 of 131 in VA (top 47%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 51 active listings in the ZIP; 18 units permitted in Lee County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $6k of equity ($552 loan paydown + $6k appreciation (7.0% local appreciation)).
• Lee County population projected at -27% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (7.0% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($79k) is reasonable based on typical stale-listing flexibility.
• 2 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.
• Current owner paid $40k; list at $80k implies a 100% gain — meaningful room to come down on a strong offer.

Recommended offer $78,701 (1.5% below list)

Questions for the listing agent

1. Built in 1971 — 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 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?
4. 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.
5. 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.
6. 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: 1.31% ✓
• Cap rate: 10.46%
• Cash-on-cash: 14.87%
• DSCR: 1.66
• GRM: 6.3

CMA / ARV

• ARV (on-the-fly): $161,253
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
140 Moody Dr	0.46mi	3/1.0 (+1)	1,248 (-5%)	18mo	$132,000	$106	50
156 Holmes St	0.59mi	2/1.0	1,137 (-13%)	3mo	$140,000	$123	48
322 Holmes St	0.65mi	3/1.0 (+1)	1,238 (-6%)	12mo	$185,000	$149	46
123 Randolph Ave	0.66mi	3/1.0 (+1)	1,120 (-15%)	4mo	$102,500	$92	36

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

Projected returns pro-forma

6.95% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 29.6%
• Equity multiple: 3.03×
• Total profit: $45,352
• Equity at exit: $55,128

10-year hold

• IRR: 27.0%
• Equity multiple: 6.30×
• Total profit: $118,664
• Equity at exit: $104,502

Cash invested: $22,372 (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 24263

• Home prices YoY: 3.3%
• Active inventory: 51
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,050 medium
• Mortgage (P&I): −$419
• Tax est. 1.5%: −$100 /mo · $1,198/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$220
• Net cashflow: $277

Break-even live

Break-even rent $699

Max offer price $79,900

Occupancy floor 69%

Sensitivity live

Price	-10% $333	-5% $305	+0% $277	+5% $250	+10% $222
Rent	-10% $194	-5% $236	+0% $277	+5% $319	+10% $360
Rate	-1.0pp $318	-0.5pp $298	base $277	+0.5pp $257	+1.0pp $236

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-21
   days on market $79,900 Active 26 DOM
2. 2026-06-21
   days on market $79,900 Active 25 DOM
3. 2026-06-18
   days on market $79,900 Active 23 DOM
4. 2026-06-17
   days on market $79,900 Active 22 DOM
5. 2026-06-16
   days on market $79,900 Active 21 DOM
6. 2026-06-15
   days on market $79,900 Active 20 DOM
7. 2026-06-15
   days on market $79,900 Active 19 DOM
8. 2026-06-13
   days on market $79,900 Active 18 DOM
9. 2026-06-12
   days on market $79,900 Active 17 DOM
10. 2026-06-09
    days on market $79,900 Active 14 DOM
11. 2026-06-08
    days on market $79,900 Active 13 DOM
12. 2026-06-08
    days on market $79,900 Active 12 DOM
13. 2026-06-07
    days on market $79,900 Active 11 DOM
14. 2026-06-03
    days on market $79,900 Active 8 DOM
15. 2026-06-02
    days on market $79,900 Active 7 DOM
16. 2026-06-01
    days on market $79,900 Active 6 DOM
17. 2026-05-31
    days on market $79,900 Active 5 DOM
18. 2026-05-26
    listed $79,900 Active
19. 2025-01-23
    soldstatus $40,000 Closed 501-char remark

    Show marketing remark (501 chars)

    Affordable living!!! This fully furnished 1971 singlewide home has 2 bedrooms and 1 full bath! 2 dens, a large open kitchen/dining area, laundry room, and built on addition sunroom make up this home! Gorgeous mountain views from the sunroom and property! This home is on a dead-end road offering low traffic. All kitchen appliances and washer/dryer convey. Electric heat pump for heat and air as well as 2 propane fireplaces! New gravel driveway and new French door in family room installed last year.

20. 2025-01-11
    status Pending 501-char remark

    Show marketing remark (501 chars)

    Affordable living!!! This fully furnished 1971 singlewide home has 2 bedrooms and 1 full bath! 2 dens, a large open kitchen/dining area, laundry room, and built on addition sunroom make up this home! Gorgeous mountain views from the sunroom and property! This home is on a dead-end road offering low traffic. All kitchen appliances and washer/dryer convey. Electric heat pump for heat and air as well as 2 propane fireplaces! New gravel driveway and new French door in family room installed last year.

21. 2024-11-28
    price $49,900 501-char remark

    Show marketing remark (501 chars)

    Affordable living!!! This fully furnished 1971 singlewide home has 2 bedrooms and 1 full bath! 2 dens, a large open kitchen/dining area, laundry room, and built on addition sunroom make up this home! Gorgeous mountain views from the sunroom and property! This home is on a dead-end road offering low traffic. All kitchen appliances and washer/dryer convey. Electric heat pump for heat and air as well as 2 propane fireplaces! New gravel driveway and new French door in family room installed last year.

22. 2024-09-20
    listed $55,000 Active 501-char remark

    Show marketing remark (501 chars)

    Affordable living!!! This fully furnished 1971 singlewide home has 2 bedrooms and 1 full bath! 2 dens, a large open kitchen/dining area, laundry room, and built on addition sunroom make up this home! Gorgeous mountain views from the sunroom and property! This home is on a dead-end road offering low traffic. All kitchen appliances and washer/dryer convey. Electric heat pump for heat and air as well as 2 propane fireplaces! New gravel driveway and new French door in family room installed last year.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $12,600
• − Mortgage interest: −$4,476
• − Property taxes: −$1,198
• − Insurance: −$400
• − Repairs & maintenance: −$1,008
• − Management: −$1,008
• − Depreciation: −$2,324
• Taxable income: $2,186
• Est. tax owed @ 24.0%: −$525
• After-tax cash flow: $2,803/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: Lee County Public School District
• NCES district ID: 5102190
• Math proficiency: 53% ▼ -31.00%
• Reading proficiency: 69% ▼ -9.00%
• Median HH income: $31,356
• Composite: 50.06/100
• National rank: #1913
• State rank: #62 of 131 in VA

Livability — Jonesville

• Score: 62/100
• State rank: #397
• US rank: #16359

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 5,661

Population outlook (Lee County) Hauer SSP2

• Today (2025): 22,861 people
• By 2030: 21,701 · -5.1%
• By 2040: 19,188 · -16.1%
• By 2050: 16,619 · -27.3%
• By 2075: 11,795 · -48.4%
• By 2100: 8,290 · -63.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (97%)
• Race & ethnicity: White 97% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Slovak 4% Lithuanian 2%
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Lee

• 2024 margin: Solid R (+72.0) · D 13.8% · R 85.8%
• 2008→2024 swing: -43.8pp toward R · 2008: -28.2pp · 2024: -72.0pp
• All cycles: 2024: R+72.0 2020: R+69.1 2016: R+63.2 2012: R+44.4 2008: R+28.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 6.95%
• Current HPI: 218.0947
• Rent YoY: —
• Metro: —
• 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

+45.3% since first listed

5 events — show timeline

• 2026-05-26 Listed $79,900 Knoxville MLS
• 2025-01-23 Sold (MLS) $40,000 Knoxville MLS
• 2025-01-11 Pending — Knoxville MLS
• 2024-11-28 Price Changed $49,900 Knoxville MLS
• 2024-09-20 Listed $55,000 Knoxville MLS

Property tax history

+2.8%/yr

Latest (2025): $126 · +8.0% YoY. Source: county tax records.