5317 Warminster Dr #103 · Virginia Beach, VA 23455

$245,000

2 bd · 2.0 ba · 1,367 sqft · Condo public records · 15 Days on market

Built 2009 $330/mo HOA · 15% of rent

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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 +8.8/30.0
• ARV discount +7.5/15.0
• Schools +6.4/10.0
• Livability +4.2/5.0
• Rent growth +4.0/5.0
• 1% rule +3.8/10.0
• Condition / age +2.5/5.0
• DSCR +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks

Come see this beautiful light-filled 1st floor condo in a GREAT location w/ community pool & clubhouse! Unwind & entertain with ease in this sprawling open concept home. The large kitchen offers a breakfast bar, ample cabinetry, ss appliances, a large pantry & separate adjacent dining. 2 generously sized bedrooms & 2 spacious full baths w/ timeless design. Addt'l storage in large utility room & separate laundry room w/ conveying LG Washer & Dryer! New carpet in bedrooms 2026, New HVAC & LVP Flooring installed 2021, and New Water Heater in 2018. Reserved parking space. Conveniently located just minutes to Williams Farm Recreation Center, Town Center

Key facts

• Clubhouse
• Community pool
• Ample cabinetry

Tags

• COMMUNITY POOL
• CLUBHOUSE
• OPEN CONCEPT HOME
• LARGE KITCHEN
• BREAKFAST BAR
• AMPLE CABINETRY

Property features AI

Finance

• HOA & community: Condo association: Southmoor at Ridgely Manor Condo Association / Lake Smith at Ridgely Manor; Managed by UPA (757-502-4814); Monthly condo fee of $310; Monthly POA fee of $20; Community amenities include clubhouse, pool, ground maintenance, water, sewer, and trash pickup

Exterior

• Parking: Assigned/reserved parking
• Utilities: City/County water; City/County sewer; Electric water heater; Electric power available
• Home design: Attached condo; Lo-rise style; Single-story (1 living level); Condo unit on level 1; Slab foundation
• Construction: Brick and vinyl construction
• Exterior features: Brick and vinyl siding; Asphalt shingle roof; Clubhouse (community); Ground maintenance (community); Community pool; Trash pickup (community); Community water and sewer

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Electric range; Refrigerator; Pantry
• Bedrooms: Master bedroom on first floor; One bedroom with ensuite
• Flooring: Carpet; Laminate; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Heat pump; Forced hot air; Geothermal cooling
• Interior features: Ceiling fan; Bar
• Laundry & utility: Washer; Dryer; Utility room; Utility closet

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $245k.

Deal economics

• At list price, monthly cash flow is $-201 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $209k (14.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $215k (12.2% below list).
• Recommended offer: $209k (14.5% below list) — sets the bar for cash-flow.
• Cap rate 5.3% vs local median 3.5% in Virginia Beach — 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 83/100 on livability (#38 in VA, #880 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, employment A+, housing A+; Watch: cost of living C-, commute F.
• Va Beach City Public School District (urban): math 69% / reading 78% proficiency, ranked #10 of 131 in VA (top 8%) — strong family-tenant draw, lease renewals of 3-5y typical.
• Zoned schools: Trantwood Elementary (math 67% / reading 77%, grade A-, #273 of 1,108 statewide, top 27%, 499 students, 24% FRL); Bayside High (math 63% / reading 75%, grade B, #170 of 319 statewide, top 55%, 1,983 students, 65% FRL) — zoned schools average 44% FRL vs 28% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+5.9%/yr); 204 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 666 units permitted in Virginia Beach city in 2024 (347 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 $7k of value loss. Plan a longer hold.
• Virginia Beach County population projected at +6% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($241k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 10y 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 $147k; list at $245k implies a 67% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 94% 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 $209,466 (14.5% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.88% ✗
• Cap rate: 5.31%
• Cash-on-cash: -3.52%
• DSCR: 0.84
• GRM: 9.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 5.93% rent growth · sell at horizon

5-year hold

• IRR: -18.5%
• Equity multiple: 0.33×
• Total profit: $-45,828
• Equity at exit: $36,530

10-year hold

• IRR: -5.4%
• Equity multiple: 0.60×
• Total profit: $-27,321
• Equity at exit: $21,183

Cash invested: $68,600 (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 23455

• Rents YoY: 5.9%
• Active inventory: 204
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $2,150 high
• Mortgage (P&I): −$1,285
• Tax from tax record: −$183 /mo · $2,195/yr
• Insurance: −$102
• HOA: −$330
• Vacancy / Maint / Mgmt: −$452
• Net cashflow: $-201

Break-even live

Break-even rent $2,405

Max offer price $209,466

Occupancy floor —

Sensitivity live

Price	-10% $-62	-5% $-132	+0% $-201	+5% $-270	+10% $-340
Rent	-10% $-371	-5% $-286	+0% $-201	+5% $-116	+10% $-31
Rate	-1.0pp $-78	-0.5pp $-139	base $-201	+0.5pp $-265	+1.0pp $-329

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: $61,250
• Closing costs: $7,350
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5317 Warminster Dr #303 Virginia Beach, VA	2.0	2.0	1350	$1,997	$1.48	22d	1	0.04mi
5300 Warminster Dr #205 Virginia Beach, VA	2.0	2.0	1366	$1,795	$1.31	13d	1	0.06mi
5300 Warminster Dr #205 Virginia Beach, VA	2.0	2.0	1366	$1,750	$1.28	2d	1	0.06mi
1188 Grace Hill Dr Virginia Beach, VA	3.0	2.5	1805	$2,600	$1.44	5d	1	0.08mi
5212 Nuthall Dr #103 Virginia Beach, VA	2.0	2.0	1367	$1,895	$1.39	15d	1	0.11mi
1028 Grace Hill Dr Virginia Beach, VA	3.0	2.5	1809	$2,895	$1.60	24d	1	0.14mi
1001 Grace Hill Dr Virginia Beach, VA	3.0	2.5	1778	$2,350	$1.32	4d	1	0.16mi
5328 Tamworth Pl Virginia Beach, VA	3.0	2.5	1857	$2,400	$1.29	24d	1	0.19mi
924 Southmoor Dr #204 Virginia Beach, VA	2.0	2.0	1367	$1,950	$1.43	22d	1	0.20mi
920 Southmoor Dr #305 Virginia Beach, VA	2.0	2.0	1367	$1,900	$1.39	18d	1	0.22mi
912 Southmoor Dr #204 Virginia Beach, VA	2.0	2.0	1367	$1,810	$1.32	12d	1	0.24mi
5325 Brinsley Ln Virginia Beach, VA	3.0	2.5	1619	$2,500	$1.54	13d	1	0.24mi
5414 Catina Arch Virginia Beach, VA	1.0–4.0	1.0–1.5	866	$1,717	$1.98	3d	10	0.33mi
5332 Bramcote Pl Unit 1 Virginia Beach, VA	3.0	2.5	1857	$2,695	$1.45	24d	1	0.33mi
700 Wolftrap Ln Virginia Beach, VA	2.0	2.5	1360	$1,795	$1.32	17d	1	0.53mi
700 Wolftrap Ln Virginia Beach, VA	2.0	3.0	1360	$1,795	$1.32	13d	1	0.53mi
700 Wolftrap Ln Virginia Beach, VA	2.0	2.5	1360	$1,795	$1.32	24d	1	0.53mi
944 Gas Light Ln Unit 1 Virginia Beach, VA	3.0	2.5	1690	$2,300	$1.36	17d	1	0.54mi
944 Gas Light Ln Virginia Beach, VA	3.0	2.5	1690	$2,300	$1.36	18d	1	0.54mi
849 Gas Light Ln Virginia Beach, VA	2.0	2.0	1250	$1,900	$1.52	18d	1	0.59mi
5517 Lynbrook Lndg Virginia Beach, VA	3.0	2.5	1360	$2,335	$1.72	24d	1	0.61mi
4930 Cypress Point Cir #103 Virginia Beach, VA	2.0	2.5	1566	$2,400	$1.53	4d	1	0.70mi
5403 Scholarship Dr Virginia Beach, VA	3.0	2.5	1480	$2,100	$1.42	24d	1	0.74mi
5500 Goose Pond Ln Virginia Beach, VA	2.0	2.0	1383	$2,450	$1.77	3d	1	0.79mi
5500 Baccalaureate Dr Virginia Beach, VA	3.0	2.5	1400	$1,995	$1.43	15d	1	0.82mi
5421 Sweetwater Ct Virginia Beach, VA	3.0	2.5	1704	$2,500	$1.47	3d	1	0.85mi
969 Turtle Pond Ln Virginia Beach, VA	2.0	2.5	1383	$2,150	$1.55	24d	1	0.90mi
5433 Campus Dr Virginia Beach, VA	2.0	2.0	1000	$1,700	$1.70	3d	1	0.91mi
5416 Safe Harbour Way Virginia Beach, VA	3.0	2.5	1686	$2,500	$1.48	2d	1	0.92mi
813 S Grosvenor Ct Virginia Beach, VA	3.0	2.5	1476	$2,300	$1.56	5d	1	0.94mi
724 Hezekiah Little Dr Virginia Beach, VA	3.0	2.5	1748	$2,900	$1.66	2d	1	0.94mi
5509 Bulls Bay Dr Virginia Beach, VA	3.0	2.5	1694	$2,599	$1.53	12d	1	0.97mi
5509 Bulls Bay Dr Unit 1 Virginia Beach, VA	3.0	2.0	1694	$2,599	$1.53	5d	1	0.97mi
5545 Old Guard Cres Virginia Beach, VA	3.0	2.5	1581	$2,350	$1.49	22d	1	1.01mi
5632 Campus Dr Virginia Beach, VA	3.0	2.5	1581	$2,201	$1.39	5d	1	1.12mi
913 Ewell Rd Virginia Beach, VA	3.0	2.5	1458	$2,000	$1.37	5d	1	1.13mi
616 Aubrey Dr Virginia Beach, VA	3.0	1.5	1266	$1,995	$1.58	24d	1	1.13mi
5619 Summit Arch Virginia Beach, VA	2.0	2.0	957	$1,650	$1.72	4d	1	1.17mi
5684 Campus Dr Virginia Beach, VA	3.0	2.5	1356	$2,495	$1.84	5d	1	1.19mi
712 White Hall Ln Virginia Beach, VA	3.0	1.5	1400	$2,200	$1.57	24d	1	1.24mi

HOA detail condo

• Monthly dues: $330 · $3,960/yr
• Likely covers: waterpool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 17 events

1. 2026-06-07
   status $245,000 Under Contract 15 DOM
2. 2026-06-03
   days on market $245,000 Active Under Contract 15 DOM
3. 2026-06-02
   days on market $245,000 Active Under Contract 14 DOM
4. 2026-06-01
   days on market $245,000 Active Under Contract 13 DOM
5. 2026-05-31
   days on market $245,000 Active Under Contract 12 DOM
6. 2026-05-21
   historical Active Under Contract
7. 2026-05-19
   listed $245,000 Active
8. 2018-12-05
   soldstatus $147,000
9. 2018-10-29
   status Under Contract
10. 2018-10-02
    listed $149,900 Active
11. 2017-04-17
    soldstatus $136,431
12. 2017-03-14
    status Under Contract
13. 2017-01-04
    price $152,000
14. 2017-01-03
    listed $15,200 Active
15. 2017-01-01
    historical
16. 2016-09-28
    price $152,000
17. 2016-04-11
    listed $159,000 Active

ⓘ 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: $2,195 · $183/mo
• Projected year-2 tax: $2,195 · $183/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 ≥104°F today · 16 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 94% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,803
• − Mortgage interest: −$13,724
• − Property taxes: −$2,195
• − Insurance: −$1,225
• − Repairs & maintenance: −$2,064
• − Management: −$2,064
• − HOA: −$3,960
• − Depreciation: −$7,127
• Taxable loss: −$6,557
• Est. tax savings @ 24.0%: +$1,574
• After-tax cash flow: $-840/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: Va Beach City Public School District
• NCES district ID: 5103840
• Math proficiency: 69% ▼ -19.00%
• Reading proficiency: 78% ▼ -7.00%
• Median HH income: $66,452
• Composite: 63.81/100
• National rank: #594
• State rank: #10 of 131 in VA

Livability — Virginia Beach

• Score: 83/100
• State rank: #38
• US rank: #880

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Virginia Beach, VA
• County: Virginia Beach City · 448,227 people
• City population: 448,227
• Metro: Virginia Beach-Norfolk-Newport News, VA-NC
• Population (ZIP): 49,977
• Household income: $94,069
• Rent vs Own: 38.4% rent · 61.6% own
• Severe rent burden: 1820.0

Population outlook (Virginia Beach County) Hauer SSP2

• Today (2025): 480,401 people
• By 2030: 491,221 · +2.3%
• By 2040: 504,882 · +5.1%
• By 2050: 508,847 · +5.9%
• By 2075: 504,831 · +5.1%
• By 2100: 465,867 · -3.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Black 14% Two or more races 7% Hispanic / Latino 7% Asian 5%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1%
• Common ancestry: Romanian 3% Slovak 3% Lithuanian 2%
• Foreign-born: 8% · Canada, China, Vietnam
• Languages at home: 90% English-only · Spanish 3% Tagalog/Filipino 2% Other Indo-European 1%

Political lean MEDSL · Virginia Beach

• 2024 margin: Toss-up / Even · D 50.7% · R 48.0% · Other 1.3%
• 2008→2024 swing: +3.4pp toward D · 2008: -0.7pp · 2024: 2.6pp
• All cycles: 2024: D+2.6 2020: D+5.4 2016: R+4.5 2012: R+2.5 2008: R+0.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -347.34%
• Current HPI: 296.3753
• Rent YoY: ▲ 5.93%
• 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

+54.1% since first listed

12 events — show timeline

• 2026-05-21 Contingent — REINMLS
• 2026-05-19 Listed $245,000 REINMLS
• 2018-12-05 Sold (Public Records) $147,000 Public Records
• 2018-10-29 Pending — REINMLS
• 2018-10-02 Listed $149,900 REINMLS
• 2017-04-17 Sold (Public Records) $136,431 Public Records
• 2017-03-14 Pending — REINMLS
• 2017-01-04 Price Changed $152,000 REINMLS
• 2017-01-03 Listed $15,200 REINMLS
• 2017-01-01 Listing Removed — REINMLS
• 2016-09-28 Price Changed $152,000 REINMLS
• 2016-04-11 Listed $159,000 REINMLS

Property tax history

+3.5%/yr

Latest (2025): $2,195 · +2.8% YoY. Source: county tax records.