11601 Latane Wood Rd · Brandermill, VA 23838

$300,000

3 bd · 2.0 ba · 1,529 sqft · SingleFamily public records · 1 Days on market

Built 1977 1.96 ac lot

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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).

• Cash flow +26.3/30.0
• DSCR +8.9/10.0
• ARV discount +7.5/15.0
• 1% rule +6.3/10.0
• Schools +5.2/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Set on two private acres, 11601 Latane Wood Court offers the perfect blend of timeless charm, solid construction, and everyday comfort. This classic brick ranch home features a well-designed single-level layout with three bedrooms and two full baths, including a primary suite with a private en suite bath. Inside, hard-surface flooring runs throughout the home, creating a cohesive look that is both attractive and easy to maintain. Built with quality and durability in mind, this well-constructed home offers exceptional flow between its living spaces. The spacious family room centers around a beautiful brick fireplace, creating a warm and inviting gathering space, while a second living area pr

Key facts

• Brick fireplace
• Brick ranch home
• New roof

Tags

• BRICK RANCH HOME
• HARD-SURFACE FLOORING
• BRICK FIREPLACE
• EXPANSIVE SCREENED PORCH
• UPDATED PLUMBING
• NEW ROOF

Property features AI

Exterior

• Parking: Driveway parking; Oversized paved driveway
• Utilities: Well water; Septic tank
• Home design: One-story home; Center hall layout; Resale condition
• Construction: Brick and drywall construction; Composition shingle roof; Built (actual year reported)
• Exterior features: Rear screened porch; Storage shed; Shed(s); Paved driveway; Landscaped, level lot

Interior

• Kitchen: Electric cooking; Oven; Stove; Microwave; Refrigerator; Dishwasher; Laminate counters; Eat-in dining space
• Bedrooms: Bedroom (Main) — Hardwood floors, closet, ceiling fan; Bedroom (Main) — Hardwood floors, built-in bookshelves, closet; Bedroom (Main) — Hardwood floors, closet, en-suite bath with shower
• Flooring: Wood (hardwood); Vinyl (LVP); Tile
• Bathrooms: 2 full bathrooms; Full bath with tub and shower
• Heating & cooling: Heat pump; Electric heating; Baseboard heating; Electric cooling
• Interior features: Built-in bookcases; Ceiling fans; Dining area; Eat-in kitchen; Fireplace (gas, masonry); Laminate counters; Bath in primary bedroom; Primary bedroom on main level; Main level bedrooms
• Laundry & utility: Washer hookup; Dryer hookup; Washer; Dryer; Laundry with cabinets and screened porch access

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $300k.

Deal economics

• At list price, monthly cash flow is $776 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $300k).
• Cap rate 9.4% vs local median 3.7% in Brandermill — 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 (#94 in VA, #3,055 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, employment A+, housing A+; Watch: amenities F, commute F.
• Chesterfield County Public School District (suburban): math 52% / reading 64% proficiency, ranked #57 of 131 in VA (top 44%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 184 active listings in the ZIP; 2,307 units permitted in Chesterfield County in 2024 (462 in 5+ unit buildings).

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.
• Chesterfield County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $84k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $50k; list at $300k implies a 506% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate wind risk, 25% 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 $300,000

Questions for the listing agent

1. Built in 1977 — 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: 1.13% ✓
• Cap rate: 9.40%
• Cash-on-cash: 11.09%
• DSCR: 1.49
• GRM: 7.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 0.2%
• Equity multiple: 1.01×
• Total profit: $781
• Equity at exit: $44,731

10-year hold

• IRR: 9.9%
• Equity multiple: 1.76×
• Total profit: $64,142
• Equity at exit: $25,939

Cash invested: $84,000 (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 23838

• Home prices YoY: -25.9%
• Active inventory: 184
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $3,397 medium
• Mortgage (P&I): −$1,573
• Tax from tax record: −$209 /mo · $2,506/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$713
• Net cashflow: $776

Break-even live

Break-even rent $2,414

Max offer price $300,000

Occupancy floor 72%

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: $75,000
• Closing costs: $9,000
• Reserves months: —
• Total cash needed: —

Listing history 3 events

1. 2026-06-05
   status $300,000 Pending 1 DOM
2. 2026-06-03
   remarks 699-char remark
3. 2026-06-03
   listed $300,000 Active 1 DOM

ⓘ 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: $2,506 · $209/mo
• Projected year-2 tax: $2,506 · $209/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 4/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥107°F today · 16 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 25% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $40,761
• − Mortgage interest: −$16,805
• − Property taxes: −$2,506
• − Insurance: −$1,500
• − Repairs & maintenance: −$3,261
• − Management: −$3,261
• − Depreciation: −$8,727
• Taxable income: $4,701
• Est. tax owed @ 24.0%: −$1,128
• After-tax cash flow: $8,188/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: Chesterfield County Public School District
• NCES district ID: 5100840
• Math proficiency: 52% ▼ -30.00%
• Reading proficiency: 64% ▼ -15.00%
• Median HH income: $72,821
• Composite: 51.56/100
• National rank: #1712
• State rank: #57 of 131 in VA

Livability — Brandermill

• Score: 77/100
• State rank: #94
• US rank: #3055

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 56,364
• Population (ZIP): 17,213

Population outlook (Chesterfield County) Hauer SSP2

• Today (2025): 377,190 people
• By 2030: 395,710 · +4.9%
• By 2040: 427,694 · +13.4%
• By 2050: 452,706 · +20.0%
• By 2075: 505,533 · +34.0%
• By 2100: 521,282 · +38.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (75%)
• Race & ethnicity: White 75% Black 14% Hispanic / Latino 5% Two or more races 4% Asian 3%
• Common ancestry: Italian 2% Slovak 2% Lithuanian 1%
• Foreign-born: 4% · Canada, China, South Korea
• Languages at home: 94% English-only · Spanish 2% Korean 1% Tagalog/Filipino 1%

Political lean MEDSL · Chesterfield

• 2024 margin: Lean D (+9.0) · D 53.8% · R 44.8% · Other 1.4%
• 2008→2024 swing: +16.4pp toward D · 2008: -7.5pp · 2024: 9.0pp
• All cycles: 2024: D+9.0 2020: D+6.7 2016: R+2.2 2012: R+7.1 2008: R+7.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -89.94%
• Current HPI: 257.6855
• 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

+506.1% since first listed

2 events — show timeline

• 2026-06-03 Listed $300,000 CVRMLS
• 1977-07-19 Sold (Public Records) $49,500 Public Records

Property tax history

+3.7%/yr

Latest (2025): $2,506 · -0.4% YoY. Source: county tax records.