14232 Central Ave · Enon, VA 23836

$215,000

3 bd · 1.0 ba · 864 sqft · SingleFamily public records · 1 Days on market

Built 1955 0.26 ac lot $249/sqft · 15% below area Est $254k · 15% 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 +24.9/30.0
• ARV discount +14.3/15.0
• DSCR +8.1/10.0
• 1% rule +5.6/10.0
• Schools +5.2/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Come FALL IN LOVE with this well maintained 3-bedroom 1-bathroom home. Located in the charming Morrisdale neighborhood (NO HOA) of south Chesterfield, this is an amazing opportunity for an INVESTMENT property or a wonderful STARTER HOME!! This beautiful ranch-style home features a gorgeous stone facade with 864 sqft of finished and 169 sqft of unfinished space in the form of an over-sized mudroom with laundry attached to the kitchen! Outside your fenced backyard has tons of potential for the garden of your dreams, a place for pets and kids to play, or a patio with a bonfire pit, and don't forget the 200sqft shed for all of your outdoor tools. Close to shopping, entertainment and interstate 95 & 295 access, whatever you need is just minutes away.

Key facts

• Large farmhouse sink
• Updated kitchen
• Enclosed porch

Tags

• UPDATED KITCHEN
• BUTCHER BLOCK COUNTER TOPS
• STAINLESS STEEL APPLIANCES
• LARGE FARMHOUSE SINK
• ENCLOSED PORCH
• SEMI-FENCED BACK YARD

Property features AI

Exterior

• Parking: Driveway (unpaved)
• Utilities: Public water; Public sewer; Electric water heater
• Home design: Single-story home; Resale property; R7 zoning
• Construction: Aluminum siding, block, drywall, mixed materials, and stone exterior; Composition roof; Built as actual year (existing structure)
• Exterior features: Porch; Outdoor lighting; Storage shed; Partial fencing; Unpaved driveway

Interior

• Kitchen: Electric water heater
• Bedrooms: One full bathroom located on the first level
• Flooring: Wood
• Bathrooms: 1 full bathroom with tub and shower
• Heating & cooling: Oil heating with floor furnace; Window unit(s) for cooling
• Interior features: Wood flooring; Paneling/Wainscoting; Storm door(s); Screens on windows
• Laundry & utility: Washer hookup; Dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $215k.

Deal economics

• At list price, monthly cash flow is $459 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $215k).
• Cap rate 8.9% vs local median 3.4% in Enon — 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 67/100 on livability (#293 in VA) — a middle-class / working-renter tenant base. Strengths: housing A+, cost of living A, crime A-; Watch: schools D-, 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: 70 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 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 $1k of loan paydown is wiped out by about $6k 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.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 3y 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 $170k; 26% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 42% 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 $215,000

Questions for the listing agent

1. Built in 1955 — 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 D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 1.06% ✓
• Cap rate: 8.85%
• Cash-on-cash: 9.15%
• DSCR: 1.41
• GRM: 7.8

CMA / ARV

• ARV (median comp): $253,508
• List price: $215,000
• Delta: -14.40%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1509 Enon Church Rd	0.20mi	3/1.0	864 (0%)	2mo	$217,000	$251	89
14218 Bermuda Ave	0.07mi	3/1.0	957 (+11%)	2mo	$310,000	$324	78
14215 Bermuda Ave	0.10mi	2/1.0 (-1)	775 (-10%)	6mo	$198,000	$255	68
14308 Central Ave	0.07mi	3/1.0	957 (+11%)	14mo	$251,600	$263	67

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: -2.5%
• Equity multiple: 0.91×
• Total profit: $-5,658
• Equity at exit: $32,057

10-year hold

• IRR: 7.2%
• Equity multiple: 1.54×
• Total profit: $32,510
• Equity at exit: $18,589

Cash invested: $60,200 (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 23836

• Home prices YoY: -26.5%
• Active inventory: 70
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $2,287 medium
• Mortgage (P&I): −$1,127
• Tax from tax record: −$131 /mo · $1,570/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$480
• Net cashflow: $459

Break-even live

Break-even rent $1,706

Max offer price $215,000

Occupancy floor 75%

Sensitivity live

Price	-10% $581	-5% $520	+0% $459	+5% $398	+10% $337
Rent	-10% $278	-5% $369	+0% $459	+5% $549	+10% $640
Rate	-1.0pp $567	-0.5pp $514	base $459	+0.5pp $403	+1.0pp $347

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: $53,750
• Closing costs: $6,450
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1530 River Tree Dr Chester, VA	2.0–3.0	2.0–2.5	1334	$2,483	$1.86	2d	27	0.50mi
15219 Spruce Ave Chester, VA	3.0	1.5	1052	$1,991	$1.89	24d	1	0.97mi

Listing history 18 events

1. 2026-06-13
   status $215,000 Pending 1 DOM
2. 2026-06-13
   pricedays on marketlisting id $215,000 Active 1 DOM
3. 2026-06-09
   days on market $217,000 Active 26 DOM
4. 2026-06-08
   days on market $217,000 Active 25 DOM
5. 2026-06-07
   days on market $217,000 Active 24 DOM
6. 2026-06-05
   days on market $217,000 Active 21 DOM
7. 2026-06-03
   days on market $217,000 Active 20 DOM
8. 2026-06-02
   days on market $217,000 Active 19 DOM
9. 2026-06-01
   days on market $217,000 Active 18 DOM
10. 2026-05-31
    days on market $217,000 Active 17 DOM
11. 2026-05-16
    status Active 584-char remark
12. 2026-05-05
    status Pending 584-char remark
13. 2026-05-03
    listed $217,000 Active 584-char remark
14. 2023-11-24
    soldstatus $170,000 Closed 761-char remark

    Show marketing remark (761 chars)

    Come FALL IN LOVE with this well maintained 3-bedroom 1-bathroom home. Located in the charming Morrisdale neighborhood (NO HOA) of south Chesterfield, this is an amazing opportunity for an INVESTMENT property or a wonderful STARTER HOME!! This beautiful ranch-style home features a gorgeous stone facade with 864 sqft of finished and 169 sqft of unfinished space in the form of an over-sized mudroom with laundry attached to the kitchen! Outside your fenced backyard has tons of potential for the garden of your dreams, a place for pets and kids to play, or a patio with a bonfire pit, and don't forget the 200sqft shed for all of your outdoor tools. Close to shopping, entertainment and interstate 95 & 295 access, whatever you need is just minutes away.

15. 2023-11-17
    soldstatus $175,000
16. 2023-10-13
    status Pending 761-char remark

    Show marketing remark (761 chars)

    Come FALL IN LOVE with this well maintained 3-bedroom 1-bathroom home. Located in the charming Morrisdale neighborhood (NO HOA) of south Chesterfield, this is an amazing opportunity for an INVESTMENT property or a wonderful STARTER HOME!! This beautiful ranch-style home features a gorgeous stone facade with 864 sqft of finished and 169 sqft of unfinished space in the form of an over-sized mudroom with laundry attached to the kitchen! Outside your fenced backyard has tons of potential for the garden of your dreams, a place for pets and kids to play, or a patio with a bonfire pit, and don't forget the 200sqft shed for all of your outdoor tools. Close to shopping, entertainment and interstate 95 & 295 access, whatever you need is just minutes away.

17. 2023-10-06
    listed $170,000 Active 761-char remark

    Show marketing remark (761 chars)

    Come FALL IN LOVE with this well maintained 3-bedroom 1-bathroom home. Located in the charming Morrisdale neighborhood (NO HOA) of south Chesterfield, this is an amazing opportunity for an INVESTMENT property or a wonderful STARTER HOME!! This beautiful ranch-style home features a gorgeous stone facade with 864 sqft of finished and 169 sqft of unfinished space in the form of an over-sized mudroom with laundry attached to the kitchen! Outside your fenced backyard has tons of potential for the garden of your dreams, a place for pets and kids to play, or a patio with a bonfire pit, and don't forget the 200sqft shed for all of your outdoor tools. Close to shopping, entertainment and interstate 95 & 295 access, whatever you need is just minutes away.

18. 1983-05-31
    soldstatus $38,750

ⓘ 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: $1,570 · $131/mo
• Projected year-2 tax: $1,763 · $147/mo
• Expected delta: +$193/yr (+$16/mo · 12.3%)

ⓘ 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 2/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥109°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 42% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,446
• − Mortgage interest: −$12,043
• − Property taxes: −$1,570
• − Insurance: −$1,075
• − Repairs & maintenance: −$2,196
• − Management: −$2,196
• − Depreciation: −$6,255
• Taxable income: $2,112
• Est. tax owed @ 24.0%: −$507
• After-tax cash flow: $5,001/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 — Enon

• Score: 67/100
• State rank: #293
• US rank: #10437

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Enon, VA
• County: Chesterfield County · 406,988 people
• Metro: Richmond, VA
• Population (ZIP): 15,298
• Household income: $100,921
• Rent vs Own: 24.5% rent · 75.5% own
• Severe rent burden: 163.0

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: Diverse neighborhood (Simpson 0.69)
• Race & ethnicity: White 47% Black 25% Hispanic / Latino 14% Two or more races 9% Asian 6%
• Hispanic origin (detail): Mexican 4% Puerto Rican 3% Dominican 1%
• Common ancestry: Romanian 2% Hispanic 2% Serbian 1%
• Foreign-born: 12% · Canada
• Languages at home: 82% English-only · Spanish 10% Other Indo-European 4% Other Asian/Pacific 2%

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: ▼ -92.68%
• Current HPI: 257.2013
• Rent YoY: —
• Metro: Richmond, 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

+454.8% since first listed

10 events — show timeline

• 2026-06-13 Pending — CVRMLS
• 2026-06-12 Listed $215,000 CVRMLS
• 2026-05-16 Relisted — CVRMLS
• 2026-05-05 Pending — CVRMLS
• 2026-05-03 Listed $217,000 CVRMLS
• 2023-11-24 Sold (MLS) $170,000 CVRMLS
• 2023-11-17 Sold (Public Records) $175,000 Public Records
• 2023-10-13 Pending — CVRMLS
• 2023-10-06 Listed $170,000 CVRMLS
• 1983-05-31 Sold (Public Records) $38,750 Public Records

Property tax history

+67.8%/yr

Latest (2025): $1,570 · +7.9% YoY. Source: county tax records.