206 Withers Rd · Danville, VA 24541

$109,900

3 bd · 1.0 ba · 1,298 sqft · SingleFamily public records · 88 Days on market

Built 1936 0.30 ac lot $85/sqft · 19% below area Est $136k · 19% under ↓ 45% since listing

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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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.9/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great investment propert or a great starter home. Two miles from the casino. Just a couple minutes from 29 N and the NC stateline. Lots of updates including the roof, Hvac ect. Being sold as-is.

Key facts

• Investment property
• 0.3 acre lot
• Built 1936

Tags

• INVESTMENT PROPERTY
• TWO MILES FROM CASINO
• UPDATES INCLUDING ROOF
• UPDATES INCLUDING HVAC

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $748 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $110k).
• Recommended offer: $103k (6.0% below list) — sets the bar for market timing.
• Cap rate 14.5% vs local median 5.3% in Danville — 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 (#91 in VA, #2,952 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities D+, crime D-, commute F.
• Danville City Public School District (town): math 30% / reading 44% proficiency, ranked #128 of 131 in VA (top 98%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 71% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 245 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 54 units permitted in Danville city in 2024 (40 in 5+ unit buildings).
• This rent runs 41% of the median local income ($51k/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 $760 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Danville County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $31k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 88 days — a 6% lower offer ($103k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 10y ago; this cycle's ask has dropped $30k (21%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $31k; list at $110k implies a 255% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1936 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $103,306 (6.0% below list)

Questions for the listing agent

1. It's been on market 88 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1936 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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 D 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. 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.
8. 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.
9. 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: 1.62% ✓
• Cap rate: 14.46%
• Cash-on-cash: 29.17%
• DSCR: 2.30
• GRM: 5.2

CMA / ARV

• ARV (median comp): $135,521
• List price: $109,900
• Delta: -18.91%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
318 Cedarbrook Dr	0.19mi	2/1.0 (-1)	1,294 (-0%)	18mo	$90,000	$70	71
208 Withers Rd	0.04mi	2/1.0 (-1)	1,252 (-4%)	23mo	$135,000	$108	68
209 Englewood Ln	0.35mi	3/1.0	1,325 (+2%)	20mo	$169,500	$128	64
234 Mayfield Rd	0.43mi	3/2.0	1,359 (+5%)	8mo	$185,000	$136	61
21 Doolittle St	0.42mi	3/1.0	1,132 (-13%)	2mo	$50,000	$44	57
182 Ireson St	0.67mi	3/1.0	1,429 (+10%)	8mo	$158,000	$111	46
153 Ashwood Pl	0.44mi	3/2.0	1,131 (-13%)	12mo	$155,000	$137	44
520 Ferry Rd	0.68mi	3/1.5	1,232 (-5%)	17mo	$206,000	$167	44
174 Garden Grove St	0.40mi	3/1.0	1,134 (-13%)	22mo	$130,000	$115	42
104 Hermitage Dr	0.64mi	3/2.5	1,125 (-13%)	4mo	$150,000	$133	39
133 Garden Grove St	0.38mi	3/1.5	1,473 (+14%)	24mo	$72,500	$49	38

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 23.6%
• Equity multiple: 1.97×
• Total profit: $29,801
• Equity at exit: $16,386

10-year hold

• IRR: 31.4%
• Equity multiple: 3.83×
• Total profit: $87,154
• Equity at exit: $9,502

Cash invested: $30,772 (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 24541

• Home prices YoY: -17.1%
• Active inventory: 245
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $1,777 medium
• Mortgage (P&I): −$576
• Tax from tax record: −$34 /mo · $405/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$373
• Net cashflow: $748

Break-even live

Break-even rent $830

Max offer price $109,900

Occupancy floor 53%

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: $27,475
• Closing costs: $3,297
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
337 Wimbish Dr Unit 337 Danville, VA	2.0	1.0	934	$1,525	$1.63	43d	1	0.87mi
140 N Hunter St Danville, VA	4.0	2.0	1620	$1,600	$0.99	43d	1	0.91mi
528 River Oak Dr Danville, VA	3.0	2.0	1830	$2,700	$1.48	43d	1	1.15mi

Listing history 21 events

1. 2026-06-19
   days on market $109,900 Active 88 DOM
2. 2026-06-18
   days on market $109,900 Active 87 DOM
3. 2026-06-17
   days on market $109,900 Active 86 DOM
4. 2026-06-16
   days on market $109,900 Active 85 DOM
5. 2026-06-15
   days on market $109,900 Active 84 DOM
6. 2026-06-14
   days on market $109,900 Active 82 DOM
7. 2026-06-13
   days on market $109,900 Active 81 DOM
8. 2026-06-10
   days on market $109,900 Active 79 DOM
9. 2026-06-09
   days on market $109,900 Active 78 DOM
10. 2026-06-08
    days on market $109,900 Active 77 DOM
11. 2026-06-07
    days on market $109,900 Active 76 DOM
12. 2026-06-05
    days on market $109,900 Active 73 DOM
13. 2026-06-02
    pricedays on market $109,900 Active 71 DOM
14. 2026-06-01
    days on market $129,900 Active 70 DOM
15. 2026-05-31
    days on market $129,900 Active 69 DOM
16. 2026-05-30
    days on market $129,900 Active 68 DOM
17. 2026-04-20
    price $129,900 194-char remark

    Show marketing remark (194 chars)

    Great investment propert or a great starter home. Two miles from the casino. Just a couple minutes from 29 N and the NC stateline. Lots of updates including the roof, Hvac ect. Being sold as-is.

18. 2026-03-23
    listed $139,900 Active 194-char remark

    Show marketing remark (194 chars)

    Great investment propert or a great starter home. Two miles from the casino. Just a couple minutes from 29 N and the NC stateline. Lots of updates including the roof, Hvac ect. Being sold as-is.

19. 2017-07-06
    soldstatus $31,000 82-char remark

    Show marketing remark (82 chars)

    Rental $550.00. Rear Roof Replaced, New HVAC, New Bath. Sold as is-no inspections.

20. 2016-03-09
    listed $34,900 82-char remark

    Show marketing remark (82 chars)

    Rental $550.00. Rear Roof Replaced, New HVAC, New Bath. Sold as is-no inspections.

21. 2002-08-02
    soldstatus $237,300

ⓘ 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: $405 · $34/mo
• Projected year-2 tax: $901 · $75/mo
• Expected delta: +$496/yr (+$41/mo · 122.5%)

ⓘ 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 6/10 Major 7 d/yr ≥105°F today · 18 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 8% 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: $21,326
• − Mortgage interest: −$6,156
• − Property taxes: −$405
• − Insurance: −$550
• − Repairs & maintenance: −$1,706
• − Management: −$1,706
• − Depreciation: −$3,197
• Taxable income: $7,606
• Est. tax owed @ 24.0%: −$1,825
• After-tax cash flow: $7,152/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: Danville City Public School District
• NCES district ID: 5101110
• Math proficiency: 30% ▼ -22.00%
• Reading proficiency: 44% ▼ -8.00%
• Median HH income: $31,952
• Composite: 30.23/100
• National rank: #6298
• State rank: #128 of 131 in VA

Livability — Danville

• Score: 77/100
• State rank: #91
• US rank: #2952

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Danville, VA
• County: Danville City · 59,055 people
• City population: 59,055
• Metro: Danville, VA
• Population (ZIP): 28,042
• Household income: $51,427
• Rent vs Own: 46.3% rent · 53.7% own
• Severe rent burden: 1399.0

Population outlook (Danville County) Hauer SSP2

• Today (2025): 40,989 people
• By 2030: 40,432 · -1.4%
• By 2040: 39,255 · -4.2%
• By 2050: 38,035 · -7.2%
• By 2075: 35,612 · -13.1%
• By 2100: 30,365 · -25.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 50% Black 39% Two or more races 7% Hispanic / Latino 5% Asian 2%
• Common ancestry: Slovak 2% Serbian 2% Lithuanian 1%
• Foreign-born: 4% · Canada, Dominican Republic
• Languages at home: 95% English-only · Spanish 4% Other Indo-European 1%

Political lean MEDSL · Danville

• 2024 margin: Strong D (+21.1) · D 60.1% · R 39.0%
• 2008→2024 swing: +1.9pp toward D · 2008: 19.1pp · 2024: 21.1pp
• All cycles: 2024: D+21.1 2020: D+22.1 2016: D+19.9 2012: D+22.1 2008: D+19.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -49.28%
• Current HPI: 238.5992
• Rent YoY: —
• Metro: Danville, VA
• 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

• 2026-04-20 Price Changed $129,900 DRRAR
• 2026-03-23 Listed $139,900 DRRAR
• 2017-07-06 Sold (MLS) $31,000 DRRAR
• 2016-03-09 Listed $34,900 DRRAR
• 2002-08-02 Sold (Public Records) $237,300 Public Records

Property tax history

+2.5%/yr

Latest (2025): $405 · +0.0% YoY. Source: county tax records.