1040 30th St · Newport News, VA 23607

$300,000

5 bd · 2.0 ba · 1,982 sqft · SingleFamily public records · 12 Days on market

Built 1930 $151/sqft · 9% above area Est $275k · 9% over

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Why this score? — see what drove the D 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 +13.3/30.0
• Appreciation +4.6/10.0
• DSCR +4.0/10.0
• Schools +3.8/10.0
• Livability +3.8/5.0
• ARV discount +3.3/15.0
• Rent growth +3.2/5.0
• 1% rule +2.8/10.0
• Condition / age +2.5/5.0

Listing remarks

Welcome to 1040 30th Street in Newport News A beautifully renovated traditional two-story home located in the heart of downtown. This is a 4 bedroom plus extra-large bonus room and 2 Bath. resident offers 1982 sq ft of modern Comfort blended with Timeless charm. Every detail has been updated including New roof, siding, New Windows, New heating, cooling, New white Vinyl fencing. Inside enjoy all the new flooring throughout fully remodeled bathrooms and a bright and inviting floor plan great for spacious living or entertaining. Relax on a beautiful front porch or appreciate the home's beautiful finish and move - in ready condition conveniently located near shopping, dining, schools, major hig

Key facts

• New siding
• New roof
• New heating

Tags

• RENOVATED TRADITIONAL HOME
• EXTRA-LARGE BONUS ROOM
• NEW ROOF
• NEW SIDING
• NEW WINDOWS
• NEW HEATING

Property features AI

Finance

• HOA & community: No HOA fees indicated

Exterior

• Parking: Driveway parking; Street parking
• Utilities: City/County water; City/County sewer; Natural gas service; Electric service
• Home design: Detached single-family home; Traditional style; 2 stories; Main floor entry; Facing information not provided
• Construction: Shingle siding; Asphalt shingle roof; Crawl foundation; Built as a detached property
• Exterior features: Patio; Storage shed; Porch; Back yard fenced with wood fence

Interior

• Kitchen: Gas range; Refrigerator; Breakfast area; Pantry
• Bedrooms: Master bedroom; Additional bedroom; Bedroom and full bathroom on the first floor
• Flooring: Laminate flooring; Wood flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Natural gas heating; Central air conditioning; Gas water heater
• Interior features: Ceiling fan; Electric fireplace; Pull-down attic stairs
• Laundry & utility: Washer hookup (main floor laundry); Dryer hookup; Utility room

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath single-family listed at $300k.

Deal economics

• At list price, monthly cash flow is $2 ($30/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 $235k (21.6% below list).
• Recommended offer: $235k (21.6% below list) — sets the bar for 1% rule.
• Cap rate 6.3% vs local median 4.2% in Newport News — 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 (#123 in VA, #4,018 nationally) — a middle-class / working-renter tenant base. Strengths: health & safety A+, cost of living A, housing A; Watch: crime F, commute F.
• Newport News City Public School District (urban): math 34% / reading 54% proficiency, ranked #112 of 131 in VA (top 86%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Heritage High (math 49% / reading 67%, grade C, #262 of 319 statewide, top 82%, 1,111 students, 85% FRL) — zoned schools average 85% FRL vs 55% district-wide (30 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 58% at this address vs 44% district-wide (+14 pts) — the actual schools serving this property are materially stronger than the Newport News City Public School District average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising (+2.9%/yr); 130 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 54% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 522 units permitted in Newport News city in 2024 (458 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-0.8%/yr); year-one equity from $2k of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Newport News County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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 $75k; list at $300k implies a 300% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major 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 $235,279 (21.6% below list)

Questions for the listing agent

1. Built in 1930 — 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 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?
4. Crime grade is F 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?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. 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.
7. 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.
8. 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: 0.78% ✗
• Cap rate: 6.30%
• Cash-on-cash: 0.04%
• DSCR: 1.00
• GRM: 10.6

CMA / ARV

• ARV (median comp): $274,641
• List price: $300,000
• Delta: 9.23%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1038 24th St	0.29mi	4/2.5 (-1)	1,950 (-2%)	0mo	$317,200	$163	76
1016 31st St	0.08mi	4/2.5 (-1)	1,768 (-11%)	1mo	$282,000	$160	71
1121 Hampton Ave	0.43mi	4/1.5 (-1)	1,877 (-5%)	4mo	$110,000	$59	61
2302 Orcutt Ave	0.33mi	4/3.5 (-1)	2,100 (+6%)	3mo	$358,000	$170	61
1218 23rd St	0.43mi	5/2.0	1,770 (-11%)	4mo	$162,000	$92	59
1326 23rd St	0.57mi	5/2.5	2,100 (+6%)	7mo	$350,000	$167	56
1018 Hampton Ave	0.45mi	5/3.0	2,179 (+10%)	7mo	$293,000	$134	52
1613 Wickham Ave	0.72mi	4/3.0 (-1)	1,950 (-2%)	9mo	$324,800	$167	47
1023 43rd St	0.67mi	4/2.5 (-1)	2,103 (+6%)	9mo	$250,000	$119	44
2011 Chestnut Ave	0.54mi	4/2.0 (-1)	1,687 (-15%)	1mo	$165,000	$98	44
640 32nd St	0.60mi	6/4.0 (+1)	2,151 (+8%)	3mo	$347,000	$161	42
717 31st St	0.49mi	4/3.5 (-1)	2,250 (+14%)	2mo	$319,900	$142	42

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-0.84% appreciation · 2.91% rent growth · sell at horizon

5-year hold

• IRR: -5.6%
• Equity multiple: 0.76×
• Total profit: $-20,575
• Equity at exit: $74,721

10-year hold

• IRR: 1.0%
• Equity multiple: 1.09×
• Total profit: $7,705
• Equity at exit: $80,443

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 23607

• Home prices YoY: -0.3%
• Rents YoY: 2.9%
• Active inventory: 130
• Price-to-rent: 10.6×

Monthly cashflow live

• Estimated rent: $2,353 high
• Mortgage (P&I): −$1,573
• Tax from tax record: −$158 /mo · $1,896/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$494
• Net cashflow: $2

Break-even live

Break-even rent $2,350

Max offer price $300,000

Occupancy floor 95%

Sensitivity live

Price	-10% $172	-5% $87	+0% $2	+5% $-82	+10% $-167
Rent	-10% $-183	-5% $-90	+0% $2	+5% $95	+10% $188
Rate	-1.0pp $154	-0.5pp $79	base $2	+0.5pp $-75	+1.0pp $-154

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: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1034 26th St Newport News, VA	4.0	2.0	1579	$1,600	$1.01	45d	1	0.21mi
1044 26th St Newport News, VA	5.0	2.0	1500	$2,450	$1.63	5d	1	0.21mi
1222 29th St Newport News, VA	5.0	3.0	1563	$2,950	$1.89	3d	1	0.29mi
1020 23rd St Newport News, VA	4.0	3.0	1710	$2,195	$1.28	45d	1	0.36mi
1332 29th St Newport News, VA	5.0	2.0	1553	$2,500	$1.61	45d	1	0.45mi
1110 21st St Newport News, VA	4.0	2.0	1613	$1,850	$1.15	45d	1	0.52mi
2104 Marshall Ave Newport News, VA	4.0	2.0	1568	$2,200	$1.40	17d	1	0.58mi
2102 Marshall Ave Newport News, VA	4.0	2.0	1780	$1,500	$0.84	45d	1	0.58mi
621 44th St Newport News, VA	4.0	3.5	2100	$3,000	$1.43	45d	1	0.94mi
927 11th St Newport News, VA	4.0	4.0	2500	$1,200	$0.48	9d	1	0.99mi
327 Locust Ave Hampton, VA	4.0	2.0	1500	$2,000	$1.33	45d	1	1.22mi
729 Chesapeake Ave Hampton, VA	4.0	3.0	2239	$2,975	$1.33	4d	1	1.39mi
731 Childs Ave Hampton, VA	5.0	3.0	2305	$2,750	$1.19	16d	1	1.42mi

Listing history 15 events

1. 2026-06-21
   days on market $300,000 Active 12 DOM
2. 2026-06-18
   days on market $300,000 Active 9 DOM
3. 2026-06-17
   days on market $300,000 Active 8 DOM
4. 2026-06-16
   days on market $300,000 Active 7 DOM
5. 2026-06-15
   days on market $300,000 Active 6 DOM
6. 2026-06-10
   days on marketlisting id $300,000 Active 1 DOM
7. 2026-06-09
   days on market $300,000 Active 111 DOM
8. 2026-06-08
   days on market $300,000 Active 110 DOM
9. 2026-06-07
   days on market $300,000 Active 109 DOM
10. 2026-06-03
    days on market $300,000 Active 105 DOM
11. 2026-06-02
    days on market $300,000 Active 104 DOM
12. 2026-06-01
    days on market $300,000 Active 103 DOM
13. 2026-05-31
    days on market $300,000 Active 102 DOM
14. 2026-02-18
    listed $300,000 Active 816-char remark
15. 2024-10-09
    soldstatus $75,000

ⓘ 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: $1,896 · $158/mo
• Projected year-2 tax: $2,460 · $205/mo
• Expected delta: +$564/yr (+$47/mo · 29.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 68% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥106°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: $28,233
• − Mortgage interest: −$16,805
• − Property taxes: −$1,896
• − Insurance: −$1,500
• − Repairs & maintenance: −$2,259
• − Management: −$2,259
• − Depreciation: −$8,727
• Taxable loss: −$5,212
• Est. tax savings @ 24.0%: +$1,251
• After-tax cash flow: $1,281/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: Newport News City Public School District
• NCES district ID: 5102640
• Math proficiency: 34% ▼ -37.00%
• Reading proficiency: 54% ▼ -10.00%
• Median HH income: $49,644
• Composite: 37.7/100
• National rank: #4360
• State rank: #112 of 131 in VA

Livability — Newport News

• Score: 75/100
• State rank: #123
• US rank: #4018

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Newport News, VA
• County: Newport News City · 178,950 people
• City population: 178,950
• Metro: Virginia Beach-Norfolk-Newport News, VA-NC
• Population (ZIP): 23,096
• Household income: $42,334
• Rent vs Own: 69.5% rent · 30.5% own
• Severe rent burden: 2008.0

Population outlook (Newport News County) Hauer SSP2

• Today (2025): 181,076 people
• By 2030: 179,683 · -0.8%
• By 2040: 174,649 · -3.5%
• By 2050: 167,407 · -7.5%
• By 2075: 147,597 · -18.5%
• By 2100: 122,144 · -32.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (75%)
• Race & ethnicity: Black 75% White 13% Two or more races 7% Hispanic / Latino 6% Asian 1%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 3%

Political lean MEDSL · Newport News

• 2024 margin: Strong D (+28.8) · D 63.7% · R 34.9% · Other 1.4%
• 2008→2024 swing: +0.1pp no change · 2008: 28.7pp · 2024: 28.8pp
• All cycles: 2024: D+28.8 2020: D+32.9 2016: D+25.4 2012: D+30.0 2008: D+28.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -0.84%
• Current HPI: 312.4039
• Rent YoY: ▲ 2.91%
• 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

+300.0% since first listed

4 events — show timeline

• 2026-06-09 Listed $300,000 REINMLS
• 2026-06-09 Listing Removed — REINMLS
• 2026-02-18 Listed $300,000 REINMLS
• 2024-10-09 Sold (Public Records) $75,000 Public Records

Property tax history

+4.4%/yr

Latest (2026): $1,896 · +15.0% YoY. Source: county tax records.