329 De Laura Dr · Newport News, VA 23608

$224,900

3 bd · 1.5 ba · 1,398 sqft · SingleFamily public records · 10 Days on market

Built 1964 9,583 sqft lot Est $308k · 27% under

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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).

• ARV discount +15.0/15.0
• Cash flow +12.6/30.0
• Rent growth +4.2/5.0
• DSCR +3.8/10.0
• Schools +3.8/10.0
• Livability +3.8/5.0
• 1% rule +3.4/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Charming brick ranch situated on a cul-de-sac with a side-loading driveway. This home offers 3 bedrooms plus a converted garage area that provides flexible space for a home office, game room, or possible 4th bedroom. Inside, you’ll find spacious living and family rooms, along with a dining area conveniently located off the kitchen. Please note: the converted garage area may not be included in the total heated square footage.

Key facts

• Flexible space
• Cul-de-sac
• Brick ranch

Tags

• BRICK RANCH
• CUL-DE-SAC
• SIDE-LOADING DRIVEWAY
• CONVERTED GARAGE AREA
• FLEXIBLE SPACE
• HOME OFFICE

Property features AI

Finance

• Other: Fixer upper
• HOA & community: No HOA fees

Exterior

• Parking: Driveway parking; Street parking
• Utilities: City/County water
• Home design: Detached ranch; Single-story
• Construction: Brick siding; Asphalt shingle roof; Crawl foundation
• Exterior features: Corner lot; Located on a cul-de-sac; Patio; Partial fence

Interior

• Kitchen: Kitchen on the first floor
• Bedrooms: Master bedroom on the first floor; Additional bedroom on the first floor; One bedroom with ensuite
• Flooring: Wood
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Other heating; Other cooling; Electric water heater
• Interior features: Wood flooring; First-floor master bedroom with full bathroom
• Laundry & utility: Utility room on the first floor

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $225k.

Deal economics

• At list price, monthly cash flow is $-27 ($-321/yr) — negative.
• To cash-flow at today's rent, offer at most $220k (2.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $190k (15.6% below list).
• Recommended offer: $190k (15.6% below list) — sets the bar for 1% rule.
• Cap rate 6.2% 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: Hilton Elementary (math 47% / reading 72%, grade B-, #536 of 1,108 statewide, top 51%, 382 students, 91% FRL); Mary Passage Middle (math 38% / reading 53%, grade D+, #268 of 342 statewide, top 80%, 944 students, 87% FRL); Denbigh High (math 32% / reading 65%, grade D, #301 of 319 statewide, top 95%, 1,225 students, 65% FRL) — zoned schools average 81% FRL vs 55% district-wide (26 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+6.9%/yr); 213 active listings in the ZIP; 27 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 522 units permitted in Newport News city in 2024 (458 in 5+ unit buildings).
• This rent runs 32% of the median local income ($71k/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 $2k of loan paydown is wiped out by about $7k 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 10 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $86k; list at $225k implies a 162% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $189,797 (15.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1964 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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?
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: 0.84% ✗
• Cap rate: 6.15%
• Cash-on-cash: -0.51%
• DSCR: 0.98
• GRM: 9.9

CMA / ARV

• ARV (on-the-fly): $307,560
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
926 Coloma Dr	0.37mi	3/2.0	1,515 (+8%)	1mo	$277,750	$183	66
876 Cascade Dr	0.50mi	3/2.0	1,325 (-5%)	3mo	$289,000	$218	63
859 Elder Rd	0.71mi	3/2.0	1,415 (+1%)	0mo	$330,000	$233	62
807 Connors Dr	0.65mi	4/1.5 (+1)	1,404 (+0%)	2mo	$296,000	$211	62
181 Corinthia Dr	0.67mi	3/2.0	1,445 (+3%)	1mo	$348,450	$241	60
705 Whisperwood Dr	0.67mi	3/2.0	1,323 (-5%)	0mo	$320,000	$242	57
195 Beechmont Dr	0.50mi	3/2.0	1,538 (+10%)	3mo	$306,000	$199	56
76 Linda Dr	0.72mi	4/2.0 (+1)	1,386 (-1%)	3mo	$330,000	$238	56
886 Lacon Dr	0.56mi	3/2.0	1,522 (+9%)	2mo	$334,900	$220	56
61 Sandra Dr	0.75mi	4/1.5 (+1)	1,435 (+3%)	1mo	$305,373	$213	55
877 Lacon Dr	0.58mi	3/2.0	1,242 (-11%)	1mo	$314,750	$253	51
873 Cascade Dr	0.53mi	3/2.0	1,593 (+14%)	3mo	$335,000	$210	48

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 · 6.87% rent growth · sell at horizon

5-year hold

• IRR: -13.0%
• Equity multiple: 0.52×
• Total profit: $-30,460
• Equity at exit: $33,533

10-year hold

• IRR: 1.1%
• Equity multiple: 1.09×
• Total profit: $5,448
• Equity at exit: $19,445

Cash invested: $62,972 (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 23608

• Home prices YoY: -10.5%
• Rents YoY: 6.9%
• Active inventory: 213
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $1,898 high
• Mortgage (P&I): −$1,179
• Tax from tax record: −$253 /mo · $3,037/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$399
• Net cashflow: $-27

Break-even live

Break-even rent $1,932

Max offer price $220,169

Occupancy floor 96%

Sensitivity live

Price	-10% $101	-5% $37	+0% $-27	+5% $-90	+10% $-154
Rent	-10% $-177	-5% $-102	+0% $-27	+5% $48	+10% $123
Rate	-1.0pp $86	-0.5pp $30	base $-27	+0.5pp $-85	+1.0pp $-144

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: $56,225
• Closing costs: $6,747
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
330 Kingsman Dr Newport News, VA	3.0	1.5	1166	$1,650	$1.42	45d	1	0.09mi
4 Belle Cir Newport News, VA	3.0	2.0	1600	$2,200	$1.38	16d	1	0.47mi
198 Cornell Dr Newport News, VA	3.0	1.5	1276	$1,700	$1.33	45d	1	0.48mi
884 Cascade Dr Newport News, VA	3.0	3.0	1340	$2,350	$1.75	6d	1	0.50mi
376 Susan Constant Dr Newport News, VA	3.0	3.0	1584	$1,695	$1.07	25d	1	0.54mi
14505 Old Courthouse Way Newport News, VA	2.0	2.0	970	$1,500	$1.55	6d	3	0.55mi
861 Cascade Dr Newport News, VA	4.0	2.0	1680	$2,500	$1.49	25d	1	0.55mi
500 Big Forrest Ct Newport News, VA	1.0–2.0	1.0	828	$1,383	$1.67	6d	4	0.57mi
26 Garfield Dr Newport News, VA	3.0	1.0	1090	$1,850	$1.70	25d	1	0.71mi
195 Bentley Dr Newport News, VA	4.0	3.0	1748	$2,400	$1.37	45d	1	0.78mi
381 Advocate Ct Unit F Newport News, VA	3.0	2.5	1400	$1,325	$0.95	45d	1	0.81mi
416 Hustings Ln Unit F Newport News, VA	3.0	2.5	1422	$1,850	$1.30	16d	1	0.83mi
416 Hustings Ln Newport News, VA	3.0	3.0	1422	$1,850	$1.30	14d	1	0.83mi
4327 Lacy Cove Ln Newport News, VA	3.0	2.5	1382	$2,200	$1.59	12d	1	0.89mi
397 Deputy Ln Unit A Newport News, VA	3.0	2.5	1422	$1,925	$1.35	23d	1	0.94mi
229 Telford Dr Newport News, VA	3.0	2.0	1500	$2,495	$1.66	45d	1	1.06mi
14353 Deloice Cres Newport News, VA	1.0–3.0	1.0–2.0	971	$2,032	$2.09	3d	11	1.12mi
418 Cox Lndg Newport News, VA	1.0–3.0	1.0–1.5	975	$1,625	$1.67	4d	9	1.15mi
213 Picard Dr Newport News, VA	3.0	1.0	1200	$1,800	$1.50	5d	1	1.15mi
568 Candle Ln Newport News, VA	2.0	2.0	960	$1,395	$1.45	45d	1	1.22mi
572 Candle Ln Apt 302 Newport News, VA	2.0	2.0	960	$1,395	$1.45	25d	1	1.24mi
409 Flint Dr Newport News, VA	4.0	1.5	1415	$2,300	$1.63	45d	1	1.29mi
55 Rexford Dr Newport News, VA	3.0	2.0	1428	$2,000	$1.40	45d	1	1.36mi
106 Woodhaven Rd Newport News, VA	3.0	1.0	1162	$1,450	$1.25	22d	1	1.39mi
108 Tazewell Rd Newport News, VA	3.0	2.0	1144	$1,900	$1.66	45d	1	1.45mi
91 River Palms Rd Newport News, VA	1.0–3.0	1.0–2.5	871	$2,179	$2.50	3d	49	1.45mi
428 Lucas Creek Rd Newport News, VA	3.0	2.0	1616	$2,500	$1.55	6d	1	1.46mi

Listing history 6 events

1. 2026-06-16
   status $224,900 Under Contract 10 DOM
2. 2026-06-15
   days on market $224,900 Active 10 DOM
3. 2026-06-09
   days on market $224,900 Active 4 DOM
4. 2026-06-08
   days on market $224,900 Active 3 DOM
5. 2026-06-07
   remarks 428-char remark
6. 2026-06-07
   listed $224,900 Active 2 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: $3,037 · $253/mo
• Projected year-2 tax: $3,037 · $253/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 ≥105°F today · 17 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% 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: $22,776
• − Mortgage interest: −$12,598
• − Property taxes: −$3,037
• − Insurance: −$1,124
• − Repairs & maintenance: −$1,822
• − Management: −$1,822
• − Depreciation: −$6,543
• Taxable loss: −$4,170
• Est. tax savings @ 24.0%: +$1,001
• After-tax cash flow: $679/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): 43,641
• Household income: $71,126
• Rent vs Own: 50.4% rent · 49.6% own
• Severe rent burden: 2094.0

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: Diverse neighborhood (Simpson 0.70)
• Race & ethnicity: Black 40% White 36% Hispanic / Latino 12% Two or more races 11% Asian 6%
• Hispanic origin (detail): Mexican 5% Puerto Rican 4%
• Common ancestry: Slovak 2% Italian 1% Romanian 1%
• Foreign-born: 11% · Canada, South Korea, Vietnam
• Languages at home: 87% English-only · Spanish 7% Other Indo-European 1% Arabic 1%

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: ▼ -34.79%
• Current HPI: 297.7465
• Rent YoY: ▲ 6.87%
• 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

+723.8% since first listed

4 events — show timeline

• 2026-06-04 Listed $224,900 REINMLS
• 1999-11-01 Sold (Public Records) $86,000 Public Records
• 1992-11-09 Sold (Public Records) $65,000 Public Records
• 1973-02-05 Sold (Public Records) $27,300 Public Records

Property tax history

+3.9%/yr

Latest (2026): $3,037 · +11.3% YoY. Source: county tax records.