4 Fiske St · Portsmouth, VA 23702

$219,999

2 bd · 2.0 ba · 1,264 sqft · SingleFamily public records · 21 Days on market

Built 1941 4,791 sqft lot $174/sqft · 6% below area Est $245k · 10% under

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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 +14.0/30.0
• ARV discount +12.1/15.0
• Appreciation +10.0/10.0
• DSCR +4.2/10.0
• Schools +3.9/10.0
• Livability +3.7/5.0
• 1% rule +3.6/10.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Charming and move-in ready, this home offers modern comfort and classic appeal! Enjoy peace of mind with a new roof and HVAC system installed in 2021. The spacious master suite features a large walk-in closet, great for all your storage needs. A detached garage adds convenience and extra space for parking or hobbies. The cozy backyard is great for relaxing or light gardening without the upkeep of a large yard. Don’t miss this well-maintained home that blends updates, functionality, and comfort in one inviting packag

Key facts

• Cozy backyard
• Hvac system
• New roof

Tags

• NEW ROOF
• HVAC SYSTEM
• DETACHED GARAGE
• COZY BACKYARD

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $220k.

Deal economics

• At list price, monthly cash flow is $26 ($316/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 $189k (14.1% below list).
• Recommended offer: $189k (14.1% below list) — sets the bar for 1% rule.
• Cap rate 6.4% vs local median 4.6% in Portsmouth — 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 73/100 on livability (#172 in VA) — a middle-class / working-renter tenant base. Strengths: amenities A+, cost of living A+, housing A+; Watch: employment C-, crime F, commute F.
• Portsmouth City Public School District (urban): math 34% / reading 58% proficiency, ranked #107 of 131 in VA (top 82%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+4.0%/yr); 64 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 300 units permitted in Portsmouth city in 2024 (112 in 5+ unit buildings).
• At $1,889/mo this rent would consume 46% of the median local household income ($49k/yr) (locally 534% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $24k of equity ($2k loan paydown + $22k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 4.0% rent growth), your $62k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($217k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 5y 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 $150k; 47% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1941 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: 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 $188,914 (14.1% below list)

Questions for the listing agent

1. Built in 1941 — 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. 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: 0.86% ✗
• Cap rate: 6.44%
• Cash-on-cash: 0.51%
• DSCR: 1.02
• GRM: 9.7

CMA / ARV

• ARV (median comp): $244,796
• List price: $219,999
• Delta: -8.09%
• 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
1512 Boxwood Dr	0.36mi	3/2.0 (+1)	1,208 (-4%)	2mo	$365,000	$302	69
14 Fairview Cir S	0.54mi	3/1.0 (+1)	1,300 (+3%)	2mo	$192,000	$148	60
3 Prospect Pkwy	0.61mi	3/2.0 (+1)	1,216 (-4%)	2mo	$126,000	$104	58
4221 George Washington Hwy	0.30mi	3/3.0 (+1)	1,398 (+11%)	3mo	$277,000	$198	57
100 Channing Ave	0.65mi	3/2.0 (+1)	1,300 (+3%)	4mo	$280,500	$216	57
4320 Deep Creek Blvd	0.43mi	3/1.0 (+1)	1,150 (-9%)	1mo	$234,900	$204	55
59 Bainbridge Ave	0.60mi	3/1.0 (+1)	1,214 (-4%)	3mo	$120,000	$99	54
11 Aylwin Rd	0.64mi	2/1.0	1,165 (-8%)	4mo	$129,900	$112	50
2029 Battery Park Rd	0.60mi	3/1.5 (+1)	1,400 (+11%)	2mo	$297,400	$212	46
2621 Greenwood Dr	0.67mi	3/1.0 (+1)	1,380 (+9%)	2mo	$249,000	$180	43
12 Brierdale Pl	0.65mi	3/2.0 (+1)	1,437 (+14%)	2mo	$250,000	$174	40
100 Dahlgren Ave Unit B	0.59mi	3/1.0 (+1)	1,078 (-15%)	1mo	$194,700	$181	38

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

Projected returns pro-forma

10.0% appreciation · 3.97% rent growth · sell at horizon

5-year hold

• IRR: 25.0%
• Equity multiple: 3.00×
• Total profit: $123,351
• Equity at exit: $198,193

10-year hold

• IRR: 22.3%
• Equity multiple: 6.94×
• Total profit: $365,851
• Equity at exit: $427,410

Cash invested: $61,600 (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 23702

• Home prices YoY: 5.2%
• Rents YoY: 4.0%
• Active inventory: 64
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $1,889 high
• Mortgage (P&I): −$1,154
• Tax from tax record: −$221 /mo · $2,649/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$397
• Net cashflow: $26

Break-even live

Break-even rent $1,856

Max offer price $219,999

Occupancy floor 94%

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: $55,000
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
213 Monmouth St Portsmouth, VA	3.0	2.5	1800	$2,450	$1.36	44d	1	0.17mi
134 Monmouth St Portsmouth, VA	3.0	2.5	1440	$2,450	$1.70	44d	1	0.23mi
10 Parkside Pl Portsmouth, VA	3.0	2.0	1800	$2,095	$1.16	17d	1	0.42mi
2509 Smithfield Rd Portsmouth, VA	3.0	2.5	1540	$2,345	$1.52	21d	1	0.69mi
2750 Greenwood Dr Portsmouth, VA	3.0	2.0	1200	$1,700	$1.42	23d	1	0.79mi
21 DeKalb Ave Portsmouth, VA	2.0	1.0	984	$1,550	$1.58	44d	1	0.81mi
3724 Deep Creek Blvd Unit 3728 Portsmouth, VA	2.0	1.0	900	$995	$1.11	23d	1	0.85mi
3724 Deep Creek Blvd Unit 3754 Portsmouth, VA	2.0	1.0	900	$995	$1.11	12d	1	0.85mi
18 Cooper Dr Portsmouth, VA	2.0	1.0	920	$1,400	$1.52	17d	1	0.85mi
102 Francis St #98 Portsmouth, VA	2.0	1.5	1000	$1,395	$1.40	16d	1	0.90mi
98 Francis St Portsmouth, VA	2.0	2.0	984	$1,395	$1.42	14d	1	0.91mi
251 Independence St Portsmouth, VA	3.0	2.5	1294	$2,550	$1.97	23d	1	0.92mi
231 Edison Ave Unit 231 Portsmouth, VA	2.0	1.5	1050	$1,275	$1.21	10d	1	1.05mi
231 Edison Ave Portsmouth, VA	2.0	1.5	1100	$1,275	$1.16	20d	1	1.05mi
213 Beacon Rd Portsmouth, VA	3.0	2.0	1280	$2,300	$1.80	23d	1	1.14mi
1114 Woodland Terrace Dr Chesapeake, VA	3.0	1.0	1223	$2,000	$1.64	23d	1	1.25mi
70 Manly St Portsmouth, VA	2.0	1.0	1000	$1,350	$1.35	44d	1	1.26mi
2715 Portsmouth Blvd Portsmouth, VA	2.0	1.0	1428	$1,425	$1.00	14d	1	1.31mi
2715 Portsmouth Blvd Portsmouth, VA	2.0	1.0	1428	$1,425	$1.00	17d	1	1.31mi
1409 Wilcox Ave Portsmouth, VA	3.0	2.5	1800	$2,500	$1.39	44d	1	1.37mi
908 Lake Village Dr Chesapeake, VA	2.0–3.0	1.0	972	$1,238	$1.27	3d	7	1.39mi
2810 Roanoke Ave Portsmouth, VA	3.0	1.5	1100	$2,100	$1.91	44d	1	1.42mi
3317 Downes St Portsmouth, VA	3.0	2.0	1148	$1,995	$1.74	3d	1	1.44mi
3317 Downes St Portsmouth, VA	3.0	2.0	1148	$1,995	$1.74	10d	1	1.44mi
207 Falcon Ave Portsmouth, VA	3.0	2.5	1720	$3,000	$1.74	44d	1	1.46mi
1314 Summit Ave Portsmouth, VA	3.0	1.5	1152	$1,750	$1.52	44d	1	1.48mi

Listing history 25 events

1. 2026-06-18
   days on market $219,999 Active 21 DOM
2. 2026-06-17
   days on market $219,999 Active 20 DOM
3. 2026-06-16
   days on market $219,999 Active 19 DOM
4. 2026-06-15
   days on market $219,999 Active 18 DOM
5. 2026-06-13
   days on market $219,999 Active 16 DOM
6. 2026-06-09
   days on market $219,999 Active 12 DOM
7. 2026-06-08
   days on market $219,999 Active 11 DOM
8. 2026-06-07
   days on market $219,999 Active 10 DOM
9. 2026-06-03
   days on market $219,999 Active 6 DOM
10. 2026-06-02
    days on market $219,999 Active 5 DOM
11. 2026-06-01
    days on market $219,999 Active 4 DOM
12. 2026-05-31
    days on market $219,999 Active 3 DOM
13. 2026-01-06
    listed $224,999 Active 527-char remark

    Show marketing remark (527 chars)

    Charming and move-in ready, this home offers modern comfort and classic appeal! Enjoy peace of mind with a new roof and HVAC system installed in 2021. The spacious master suite features a large walk-in closet, great for all your storage needs. A detached garage adds convenience and extra space for parking or hobbies. The cozy backyard is great for relaxing or light gardening without the upkeep of a large yard. Don’t miss this well-maintained home that blends updates, functionality, and comfort in one inviting packag

14. 2026-01-06
    historical

    Show marketing remark (527 chars)

    Charming and move-in ready, this home offers modern comfort and classic appeal! Enjoy peace of mind with a new roof and HVAC system installed in 2021. The spacious master suite features a large walk-in closet, great for all your storage needs. A detached garage adds convenience and extra space for parking or hobbies. The cozy backyard is great for relaxing or light gardening without the upkeep of a large yard. Don’t miss this well-maintained home that blends updates, functionality, and comfort in one inviting packag

15. 2025-12-03
    price $239,999
16. 2025-11-04
    listed $249,999 Active
17. 2021-12-29
    soldstatus $149,800
18. 2021-11-30
    status Under Contract
19. 2021-11-17
    price $149,800
20. 2021-11-12
    status Active
21. 2021-11-08
    status Under Contract
22. 2021-11-01
    price $149,900
23. 2021-10-11
    price $150,000
24. 2021-09-30
    listed $170,000 Active
25. 2009-07-07
    soldstatus $109,000

ⓘ 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: $2,649 · $221/mo
• Projected year-2 tax: $2,649 · $221/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 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 5/10 Major 6 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,670
• − Mortgage interest: −$12,323
• − Property taxes: −$2,649
• − Insurance: −$1,100
• − Repairs & maintenance: −$1,814
• − Management: −$1,814
• − Depreciation: −$6,400
• Taxable loss: −$3,429
• Est. tax savings @ 24.0%: +$823
• After-tax cash flow: $1,139/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: Portsmouth City Public School District
• NCES district ID: 5103000
• Math proficiency: 34% ▼ -40.00%
• Reading proficiency: 58% ▼ -12.00%
• Median HH income: $46,152
• Composite: 39.01/100
• National rank: #4071
• State rank: #107 of 131 in VA

Livability — Portsmouth

• Score: 73/100
• State rank: #172
• US rank: #5381

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Portsmouth, VA
• County: Portsmouth City · 96,366 people
• City population: 96,366
• Metro: Virginia Beach-Norfolk-Newport News, VA-NC
• Population (ZIP): 12,485
• Household income: $48,835
• Rent vs Own: 53.8% rent · 46.2% own
• Severe rent burden: 534.0

Population outlook (Portsmouth County) Hauer SSP2

• Today (2025): 96,730 people
• By 2030: 96,760 · +0.0%
• By 2040: 96,573 · -0.2%
• By 2050: 95,606 · -1.2%
• By 2075: 93,579 · -3.3%
• By 2100: 83,756 · -13.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: Black 50% White 35% Two or more races 9% Hispanic / Latino 8%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3%
• Common ancestry: Lithuanian 1% Italian 1% Slovak 1%
• Foreign-born: 4% · Canada, South Korea
• Languages at home: 95% English-only · Spanish 4%

Political lean MEDSL · Portsmouth

• 2024 margin: Solid D (+38.6) · D 68.6% · R 30.0% · Other 1.4%
• 2008→2024 swing: -0.7pp no change · 2008: 39.3pp · 2024: 38.6pp
• All cycles: 2024: D+38.6 2020: D+40.8 2016: D+36.5 2012: D+39.6 2008: D+39.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 16.70%
• Current HPI: 340.0817
• Rent YoY: ▲ 3.97%
• 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

+106.4% since first listed

13 events — show timeline

• 2026-01-06 Listing Removed — REINMLS
• 2026-01-06 Listed $224,999 REINMLS
• 2025-12-03 Price Changed $239,999 REINMLS
• 2025-11-04 Listed $249,999 REINMLS
• 2021-12-29 Sold (Public Records) $149,800 Public Records
• 2021-11-30 Pending — REINMLS
• 2021-11-17 Price Changed $149,800 REINMLS
• 2021-11-12 Relisted — REINMLS
• 2021-11-08 Pending — REINMLS
• 2021-11-01 Price Changed $149,900 REINMLS
• 2021-10-11 Price Changed $150,000 REINMLS
• 2021-09-30 Listed $170,000 REINMLS
• 2009-07-07 Sold (Public Records) $109,000 Public Records

Property tax history

+5.5%/yr

Latest (2025): $2,649 · +1.7% YoY. Source: county tax records.