214 Knight St · Suffolk, VA 23434

$250,000

3 bd · 1.5 ba · 1,900 sqft · SingleFamily · 2 Days on market

Built 1950 3,920 sqft lot Est $315k · 21% under

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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).

• ARV discount +15.0/15.0
• Cash flow +13.3/30.0
• Schools +4.8/10.0
• DSCR +4.0/10.0
• Rent growth +4.0/5.0
• Livability +3.9/5.0
• 1% rule +3.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Come see this 3 bedroom, 1.5 bath 2 story home located on a dead end street.

Key facts

• Open floor plan
• Quartz countertops
• New kitchen

Tags

• OPEN FLOOR PLAN
• NEW KITCHEN
• SOFT-CLOSE SHAKER CABINETRY
• QUARTZ COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• CUSTOM TILE BACKSPLASH

Property features AI

Finance

• Other: Rehabilitated
• HOA & community: No HOA

Exterior

• Parking: Street parking
• Utilities: City/County water; City/County sewer; Electric water heater; Electric power
• Home design: Detached single-family home; Traditional style; 2 stories; 2 living levels; Entry-level bedroom and full bathroom on first floor
• Construction: Crawl foundation; Asphalt shingle roof
• Exterior features: Vinyl siding; Back fenced yard; Porch

Interior

• Kitchen: Dishwasher; Range; Microwave
• Bedrooms: Master bedroom; Additional bedroom; Bedroom and full bathroom on 1st floor
• Flooring: Carpet; Laminate
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Ceiling fan; Scuttle access; Window treatments; Porch; Utility room
• Laundry & utility: Washer hookup; Dryer hookup; Utility room

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $250k.

Deal economics

• At list price, monthly cash flow is $0 ($3/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $219k (12.5% below list).
• Recommended offer: $219k (12.5% below list) — sets the bar for 1% rule.
• Cap rate 6.3% vs local median 3.5% 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: Booker T. Washington Elementary (math 27% / reading 47%, grade F, #933 of 1,108 statewide, top 86%, 355 students, 64% FRL); King'S Fork Middle (math 33% / reading 61%, grade D+, #257 of 342 statewide, top 77%, 1,031 students, 63% FRL); Lakeland High (math 33% / reading 77%, grade C, #279 of 319 statewide, top 88%, 1,083 students, 64% 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); 546 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 680 units permitted in Suffolk city in 2024 (0 in 5+ unit buildings).
• This rent runs 33% of the median local income ($80k/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 $8k 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.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 5y 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 $145k; list at $250k implies a 72% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $218,725 (12.5% below list)

Questions for the listing agent

1. Built in 1950 — 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. 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: 0.87% ✗
• Cap rate: 6.29%
• Cash-on-cash: 0.00%
• DSCR: 1.00
• GRM: 9.5

CMA / ARV

• ARV (on-the-fly): $315,400
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
214 Knight St	0.00mi	3/1.5	1,820 (-4%)	1mo	$145,000	$80	92
341 Cedar St	0.20mi	3/1.5	1,991 (+5%)	5mo	$302,500	$152	79
114 Lewis Ave	0.25mi	3/2.5	1,760 (-7%)	2mo	$319,900	$182	70
109 Woodrow Ave	0.24mi	3/2.5	1,638 (-14%)	1mo	$345,000	$211	61
805 Adams St	0.63mi	4/2.0 (+1)	1,908 (+0%)	3mo	$260,000	$136	61
605 County St	0.32mi	4/2.5 (+1)	2,055 (+8%)	2mo	$342,000	$166	60
501 Mahlon Ave	0.34mi	3/2.5	1,670 (-12%)	2mo	$315,000	$189	58
217 N Saratoga St	0.74mi	3/3.0	1,936 (+2%)	2mo	$297,500	$154	55
602 County St Unit B	0.31mi	4/2.5 (+1)	1,680 (-12%)	3mo	$331,999	$198	54
207 Walnut St	0.52mi	4/2.5 (+1)	2,028 (+7%)	3mo	$300,000	$148	53
309 Linden Ave	0.72mi	3/2.0	1,746 (-8%)	2mo	$278,000	$159	49
603 Mason Ave	0.68mi	3/2.5	1,670 (-12%)	3mo	$315,000	$189	42

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

5-year hold

• IRR: -13.2%
• Equity multiple: 0.51×
• Total profit: $-34,035
• Equity at exit: $37,276

10-year hold

• IRR: -0.3%
• Equity multiple: 0.98×
• Total profit: $-1,526
• Equity at exit: $21,615

Cash invested: $70,000 (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 23434

• Rents YoY: 5.8%
• Active inventory: 546
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $2,187 high
• Mortgage (P&I): −$1,311
• Tax est. 1.5%: −$312 /mo · $3,750/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$459
• Net cashflow: $0

Break-even live

Break-even rent $2,187

Max offer price $250,000

Occupancy floor 95%

Sensitivity live

Price	-10% $173	-5% $87	+0% $0	+5% $-86	+10% $-173
Rent	-10% $-173	-5% $-86	+0% $0	+5% $87	+10% $173
Rate	-1.0pp $126	-0.5pp $64	base $0	+0.5pp $-65	+1.0pp $-130

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
116 Franklin St Suffolk, VA	3.0	1.0	1335	$1,750	$1.31	25d	1	0.58mi
116 Franklin St Unit 3 Suffolk, VA	3.0	1.0	1335	$1,750	$1.31	45d	1	0.58mi
525 Kilby Ave Suffolk, VA	3.0	2.5	1776	$2,500	$1.41	25d	1	0.63mi
124 Halifax St Suffolk, VA	4.0	2.0	1728	$2,100	$1.22	45d	1	0.73mi
124 Linden Ave Suffolk, VA	4.0	2.5	2568	$2,795	$1.09	45d	1	0.79mi
1341 Devonshire Ct Suffolk, VA	3.0	2.0	1795	$2,295	$1.28	16d	1	0.92mi
1341 Devonshire Ct Suffolk, VA	3.0	2.0	1800	$2,295	$1.27	5d	1	0.92mi
307 N 4th St Suffolk, VA	4.0	2.0	1600	$1,800	$1.12	9d	1	1.04mi
808 Gittings St Suffolk, VA	4.0	2.5	2187	$2,500	$1.14	25d	1	1.07mi
223 N 7th St Suffolk, VA	3.0	2.5	1495	$2,300	$1.54	45d	1	1.13mi
315 Highland Ave Suffolk, VA	3.0	2.0	1580	$2,050	$1.30	25d	1	1.24mi

Listing history 2 events

1. 2026-06-21
   remarks 699-char remark
2. 2026-06-21
   listed $250,000 Active 2 DOM

ⓘ 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: $26,247
• − Mortgage interest: −$14,004
• − Property taxes: −$3,750
• − Insurance: −$1,250
• − Repairs & maintenance: −$2,100
• − Management: −$2,100
• − Depreciation: −$7,273
• Taxable loss: −$4,229
• Est. tax savings @ 24.0%: +$1,015
• After-tax cash flow: $1,018/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: 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

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Suffolk, VA
• County: Suffolk City · 88,108 people
• City population: 88,108
• Metro: Virginia Beach-Norfolk-Newport News, VA-NC
• Population (ZIP): 54,387
• Household income: $79,877
• Rent vs Own: 31.5% rent · 68.5% own
• Severe rent burden: 1934.0

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
▸Financial Services	2	$176B
▸Utilities	2	$27B
▸Insurance	2	$25B
▸Technology	2	$15B

Price history

+233.3% since first listed

23 events — show timeline

• 2026-06-19 Listed $250,000 REINMLS
• 2026-05-13 Sold (MLS) $145,000 REINMLS
• 2026-03-03 Pending — REINMLS
• 2026-01-30 Listed $150,000 REINMLS
• 2022-10-25 Pending — REINMLS
• 2022-10-07 Contingent — REINMLS
• 2022-10-03 Price Changed $185,000 REINMLS
• 2022-09-21 Price Changed $200,000 REINMLS
• 2022-09-08 Price Changed $210,000 REINMLS
• 2022-07-10 Price Changed $220,000 REINMLS
• 2022-06-23 Listed $235,000 REINMLS
• 2022-06-22 Listing Removed — REINMLS
• 2022-06-10 Price Changed $235,000 REINMLS
• 2022-05-23 Price Changed $238,500 REINMLS
• 2022-04-22 Price Changed $245,000 REINMLS
• 2022-04-02 Listed $250,000 REINMLS
• 2021-08-01 Pending — REINMLS
• 2021-07-29 Relisted — REINMLS
• 2021-07-21 Pending — REINMLS
• 2021-07-19 Price Changed $74,998 REINMLS
• 2021-07-14 Relisted — REINMLS
• 2021-07-06 Pending — REINMLS
• 2021-07-03 Listed $74,999 REINMLS