4 Jordan Dr · Hampton, VA 23666

$173,000

3 bd · 1.5 ba · 1,545 sqft · SingleFamily public records · 32 Days on market

Built 1954 3,550 sqft lot $112/sqft · 47% below area Est $326k · 47% under

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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 +26.3/30.0
• ARV discount +15.0/15.0
• DSCR +8.9/10.0
• 1% rule +7.1/10.0
• Schools +5.5/10.0
• Livability +3.8/5.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 3-bedroom 1.5 bath fixer-upper has tremendous potential for a homeowner or investor willing to put in the work to bring this home to its full glory. Large rooms throughout and a nice sized fenced in back yard with a storage building that can be used as a workshop. Located on a cul-de-sac which is convenient to Langley AFB, Hampton Coliseum and the James River Bridge, Monitor Merrimac and the HRBT. Case# 544-028151 IE (Insured Escrow) Subject to Appraisal. Property is Owned by the US Dept. of HUD. Seller makes no representations or warranties as to the property condition. HUD Homes are Sold "AS IS". Equal Housing Opportunity. Seller may contribute up to 3% for buyers closing costs upon buyer request.

Key facts

• Storage building
• Fenced in back yard
• Cul-de-sac

Tags

• FENCED IN BACK YARD
• STORAGE BUILDING
• CUL-DE-SAC

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $173k.

Deal economics

• At list price, monthly cash flow is $447 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $173k).
• Recommended offer: $168k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.4% vs local median 4.5% in Hampton — 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 75/100 on livability (#133 in VA, #4,302 nationally) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, cost of living A; Watch: crime C-, amenities D+, commute F.
• Hampton City Public School District (urban): math 60% / reading 70% proficiency, ranked #40 of 131 in VA (top 30%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+4.0%/yr); 231 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 68 units permitted in Hampton city in 2024 (0 in 5+ unit buildings).
• This rent runs 35% of the median local income ($73k/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 $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Hampton County population projected at -13% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 4.0% rent growth), your $48k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 32 days — a 3% lower offer ($168k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1954 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk; 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 $167,810 (3.0% below list)

Questions for the listing agent

1. It's been on market 32 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1954 — 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. 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.
6. 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.
7. 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: 1.21% ✓
• Cap rate: 9.39%
• Cash-on-cash: 11.07%
• DSCR: 1.49
• GRM: 6.9

CMA / ARV

• ARV (median comp): $325,836
• List price: $173,000
• Delta: -46.91%
• 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
26 St Johns Dr	0.10mi	3/2.0	1,584 (+2%)	6mo	$323,500	$204	84
1120 Micott Dr	0.17mi	3/1.5	1,401 (-9%)	1mo	$260,000	$186	75
17 Northwood Dr	0.61mi	3/1.0	1,510 (-2%)	3mo	$240,000	$159	63
15 E Walker Rd	0.60mi	3/2.0	1,456 (-6%)	2mo	$309,900	$213	59
1126 Gatling Dr	0.62mi	4/2.0 (+1)	1,539 (-0%)	6mo	$320,000	$208	59
1419 Aberdeen Rd	0.54mi	3/2.0	1,686 (+9%)	4mo	$304,800	$181	54
1205 Micott Dr	0.27mi	4/2.5 (+1)	1,762 (+14%)	4mo	$333,000	$189	52
1036 Randall Ct	0.44mi	4/2.5 (+1)	1,743 (+13%)	2mo	$340,000	$195	48
108 Briar Dr	0.50mi	4/2.5 (+1)	1,688 (+9%)	5mo	$315,000	$187	48
106 Dan Leigh Ct	0.74mi	3/2.0	1,648 (+7%)	9mo	$333,000	$202	45
116 Twin Oaks Dr	0.70mi	4/2.0 (+1)	1,392 (-10%)	8mo	$270,000	$194	37
205 Gumwood Dr	0.71mi	4/2.0 (+1)	1,752 (+13%)	5mo	$315,000	$180	34

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 · 4.05% rent growth · sell at horizon

5-year hold

• IRR: 1.4%
• Equity multiple: 1.06×
• Total profit: $2,689
• Equity at exit: $25,795

10-year hold

• IRR: 12.1%
• Equity multiple: 2.00×
• Total profit: $48,476
• Equity at exit: $14,958

Cash invested: $48,440 (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 23666

• Home prices YoY: -15.7%
• Rents YoY: 4.0%
• Active inventory: 231
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $2,088 high
• Mortgage (P&I): −$907
• Tax from tax record: −$223 /mo · $2,681/yr
• Insurance: −$72
• HOA: −$0
• Vacancy / Maint / Mgmt: −$438
• Net cashflow: $447

Break-even live

Break-even rent $1,522

Max offer price $173,000

Occupancy floor 74%

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: $43,250
• Closing costs: $5,190
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1102 Celia Ct Hampton, VA	2.0	2.0	1370	$2,100	$1.53	43d	1	0.22mi
208 Fishers Ct Hampton, VA	2.0	3.0	1519	$2,295	$1.51	12d	1	0.26mi
408 Fishers Ct Hampton, VA	2.0	2.0	1369	$1,999	$1.46	43d	1	0.26mi
7 W Lewis Rd Hampton, VA	3.0	2.0	1208	$2,425	$2.01	21d	1	0.53mi
7 Briar Dr Hampton, VA	3.0	1.5	1626	$1,850	$1.14	14d	1	0.70mi
2217 Todds Ln Hampton, VA	2.0	2.5	1300	$1,450	$1.12	43d	1	0.77mi
101 Prince James Dr Hampton, VA	3.0	1.0	1766	$1,645	$0.93	14d	1	0.80mi
1587 Briarfield Rd Hampton, VA	2.0–3.0	1.5–2.0	985	$1,495	$1.52	2d	9	0.83mi
37 Pennwood Dr Hampton, VA	3.0	2.0	1156	$1,795	$1.55	23d	1	1.05mi
3318 Custer Ct Hampton, VA	4.0	2.5	1625	$2,500	$1.54	12d	1	1.13mi
316 Fountain Way Hampton, VA	3.0	2.5	1850	$2,600	$1.41	17d	1	1.15mi
600 Freeman Dr Hampton, VA	1.0–2.0	1.0–2.0	892	$2,008	$2.25	2d	8	1.22mi
321 Big Bethel Rd Hampton, VA	3.0	1.0	1400	$2,300	$1.64	12d	1	1.22mi
700 Benevita Pl Unit 700-403 Hampton, VA	2.0	2.0	1359	$2,100	$1.55	23d	1	1.32mi
100 Monticello Mews Hampton, VA	1.0–3.0	1.0–2.0	1175	$3,089	$2.63	2d	15	1.37mi
2018 Cunningham Dr Hampton, VA	1.0–3.0	1.0–1.5	997	$1,880	$1.88	1d	25	1.47mi
260 Marcella Rd Hampton, VA	1.0–2.0	1.0–2.0	825	$1,838	$2.23	1d	18	1.47mi
10 Rutland Dr Hampton, VA	3.0	2.5	1817	$2,600	$1.43	23d	1	1.49mi

Listing history 2 events

1. 2026-05-08
   historical Active Under Contract 724-char remark

   Show marketing remark (724 chars)

   This 3-bedroom 1.5 bath fixer-upper has tremendous potential for a homeowner or investor willing to put in the work to bring this home to its full glory. Large rooms throughout and a nice sized fenced in back yard with a storage building that can be used as a workshop. Located on a cul-de-sac which is convenient to Langley AFB, Hampton Coliseum and the James River Bridge, Monitor Merrimac and the HRBT. Case# 544-028151 IE (Insured Escrow) Subject to Appraisal. Property is Owned by the US Dept. of HUD. Seller makes no representations or warranties as to the property condition. HUD Homes are Sold "AS IS". Equal Housing Opportunity. Seller may contribute up to 3% for buyers closing costs upon buyer request.

2. 2026-04-21
   listed $173,000 Active 724-char remark

   Show marketing remark (724 chars)

   This 3-bedroom 1.5 bath fixer-upper has tremendous potential for a homeowner or investor willing to put in the work to bring this home to its full glory. Large rooms throughout and a nice sized fenced in back yard with a storage building that can be used as a workshop. Located on a cul-de-sac which is convenient to Langley AFB, Hampton Coliseum and the James River Bridge, Monitor Merrimac and the HRBT. Case# 544-028151 IE (Insured Escrow) Subject to Appraisal. Property is Owned by the US Dept. of HUD. Seller makes no representations or warranties as to the property condition. HUD Homes are Sold "AS IS". Equal Housing Opportunity. Seller may contribute up to 3% for buyers closing costs upon buyer request.

ⓘ 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: $2,681 · $223/mo
• Projected year-2 tax: $2,681 · $223/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 5/10 Major FEMA zone X (unshaded) · 47% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥105°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 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,057
• − Mortgage interest: −$9,691
• − Property taxes: −$2,681
• − Insurance: −$865
• − Repairs & maintenance: −$2,005
• − Management: −$2,005
• − Depreciation: −$5,033
• Taxable income: $2,778
• Est. tax owed @ 24.0%: −$667
• After-tax cash flow: $4,695/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: Hampton City Public School District
• NCES district ID: 5101800
• Math proficiency: 60% ▼ -21.00%
• Reading proficiency: 70% ▼ -4.00%
• Median HH income: $50,089
• Composite: 55.19/100
• National rank: #1272
• State rank: #40 of 131 in VA

Livability — Hampton

• Score: 75/100
• State rank: #133
• US rank: #4302

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hampton, VA
• County: Hampton City · 132,421 people
• City population: 132,421
• Metro: Virginia Beach-Norfolk-Newport News, VA-NC
• Population (ZIP): 54,233
• Household income: $72,568
• Rent vs Own: 47.1% rent · 52.9% own
• Severe rent burden: 2951.0

Population outlook (Hampton County) Hauer SSP2

• Today (2025): 134,055 people
• By 2030: 131,753 · -1.7%
• By 2040: 125,017 · -6.7%
• By 2050: 116,825 · -12.9%
• By 2075: 97,033 · -27.6%
• By 2100: 76,188 · -43.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.65)
• Race & ethnicity: Black 51% White 29% Two or more races 10% Hispanic / Latino 9% Asian 4%
• Hispanic origin (detail): Mexican 3% Puerto Rican 3%
• Common ancestry: Italian 1% Lithuanian 1% Romanian 1%
• Foreign-born: 7% · Canada, Vietnam
• Languages at home: 90% English-only · Spanish 5% Vietnamese 1% Arabic 1%

Political lean MEDSL · Hampton

• 2024 margin: Solid D (+39.9) · D 69.2% · R 29.4% · Other 1.4%
• 2008→2024 swing: +1.0pp no change · 2008: 38.9pp · 2024: 39.9pp
• All cycles: 2024: D+39.9 2020: D+42.2 2016: D+37.8 2012: D+45.4 2008: D+38.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -49.01%
• Current HPI: 262.821
• Rent YoY: ▲ 4.05%
• 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

2 events — show timeline

• 2026-05-08 Contingent — REINMLS
• 2026-04-21 Listed $173,000 REINMLS

Property tax history

+9.9%/yr

Latest (2025): $2,681 · +3.9% YoY. Source: county tax records.