335 Byrd St · Hopewell, VA 23860

$100,000

3 bd · 1.0 ba · 1,209 sqft · SingleFamily public records · 2 Days on market

Built 1949 8,520 sqft lot $83/sqft · 47% below area Est $190k · 47% 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +4.7/5.0
• Livability +3.5/5.0
• Schools +3.0/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Come take on the latest restoration project available in Hopewell. 335 Byrd Street is a cape cod style home- located on a corner lot- with "good bones" and an additional detached 1-car garage. The property has 1,209 sq. ft. of living space, 3 bedrooms and 1 full bath with the ability to convert the upstairs bedroom into a suite. Byrd St. has original hardwood flooring and an additional covered side porch. Property is being sold AS IS. No assignable contracts will be accepted. Property will not qualify for traditional financing.

Key facts

• 8,520 sq ft lot
• Garage
• Built 1949

Property features AI

Exterior

• Parking: Detached garage; Off-street parking; On-street parking; 1 garage space
• Utilities: Public water; Public sewer
• Home design: Single-story property; Resale condition; R2 zoning
• Construction: Built with frame, drywall and asbestos materials; Asphalt shingle roof
• Exterior features: Porch; Deck; Side porch; Corner lot

Interior

• Kitchen: Kitchen on the first level
• Bedrooms: One bedroom on the second level; One bedroom on the first level
• Flooring: Linoleum; Wood
• Bathrooms: One full bathroom with tub and shower
• Heating & cooling: Electric heating; Floor furnace; Window air conditioning units
• Interior features: Bedroom on main level; Crawl space basement
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $383 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $100k).
• Cap rate 10.9% vs local median 4.2% in Hopewell — 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 70/100 on livability (#224 in VA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, schools A-; Watch: crime D+, amenities F, commute F.
• Hopewell City Public School District (suburban): math 23% / reading 49% proficiency, ranked #129 of 131 in VA (top 98%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+8.9%/yr); 228 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 42 units permitted in Hopewell city in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Hopewell County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $28k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: property tax is 2.9% of price; built in 1949 — 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 $100,000

Questions for the listing agent

1. Built in 1949 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. Crime grade is D 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. 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: 1.50% ✓
• Cap rate: 10.89%
• Cash-on-cash: 16.42%
• DSCR: 1.73
• GRM: 5.5

CMA / ARV

• ARV (median comp): $190,374
• List price: $100,000
• Delta: -47.47%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
335 Byrd St	0.00mi	3/1.0	1,209 (0%)	0mo	$150,000	$124	100
2107 Day St	0.30mi	3/2.0	1,304 (+8%)	3mo	$259,000	$199	66
301 Memorial Ave	0.46mi	3/2.0	1,151 (-5%)	2mo	$135,000	$117	65
200 Mohawk Ave	0.66mi	4/1.0 (+1)	1,203 (-0%)	2mo	$235,000	$195	62
311 N 5th Ave	0.64mi	3/1.5	1,158 (-4%)	2mo	$220,000	$190	60
2211 Johnson St	0.58mi	3/1.0	1,132 (-6%)	3mo	$210,000	$186	60
317 S 19th Ave	0.70mi	3/2.0	1,260 (+4%)	1mo	$299,999	$238	56
309 S 17th Ave	0.66mi	3/2.0	1,278 (+6%)	2mo	$263,000	$206	54
306 N 4th Ave	0.67mi	3/1.0	1,089 (-10%)	0mo	$152,200	$140	52
322 Maryland Ave	0.70mi	3/2.0	1,316 (+9%)	1mo	$305,000	$232	48
126 S 11th Ave	0.54mi	3/1.0	1,029 (-15%)	3mo	$159,000	$155	48
320 Maryland Ave	0.70mi	3/2.0	1,316 (+9%)	2mo	$302,400	$230	47

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 13.6%
• Equity multiple: 1.58×
• Total profit: $16,237
• Equity at exit: $14,910

10-year hold

• IRR: 26.3%
• Equity multiple: 3.93×
• Total profit: $82,094
• Equity at exit: $8,646

Cash invested: $28,000 (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 23860

• Home prices YoY: -22.0%
• Rents YoY: 8.9%
• Active inventory: 228
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $1,503 high
• Mortgage (P&I): −$524
• Tax from tax record: −$238 /mo · $2,859/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$316
• Net cashflow: $383

Break-even live

Break-even rent $1,018

Max offer price $100,000

Occupancy floor 70%

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
310 Woodbine St Hopewell, VA	1.0–3.0	1.0–1.5	800	$1,534	$1.92	1d	3	0.18mi
1208 W Broadway Hopewell, VA	3.0	1.0	1200	$1,495	$1.25	16d	1	0.29mi
2009 Day St Hopewell, VA	2.0	1.0	780	$895	$1.15	23d	1	0.34mi
1201 W City Point Rd Hopewell, VA	1.0–2.0	1.0–1.5	711	$1,250	$1.76	1d	7	0.39mi
1201 W City Point Rd Hopewell, VA	1.0–2.0	1.0–1.5	710	$1,250	$1.76	14d	3	0.40mi
508 N 7th Ave Hopewell, VA	4.0	1.0	1183	$1,599	$1.35	1d	1	0.49mi
404 N 4th Ave Hopewell, VA	3.0	1.0	1132	$1,495	$1.32	43d	1	0.64mi
305 S 9th Ave Hopewell, VA	4.0	1.0	1056	$1,599	$1.51	3d	1	0.70mi
101 S Main St Unit 1 Hopewell, VA	2.0	2.0	800	$1,395	$1.74	4d	1	0.91mi
221 S Mesa Dr Hopewell, VA	3.0	1.0	1152	$1,300	$1.13	23d	1	0.94mi
800 Chestnut St Hopewell, VA	2.0	1.0	884	$1,395	$1.58	43d	1	0.96mi
460 Highland Ave Hopewell, VA	3.0	1.0	1212	$1,700	$1.40	19d	1	0.98mi
552 S 22nd Ave Hopewell, VA	3.0	2.0	1368	$1,800	$1.32	23d	1	1.00mi
522 S 22nd Ave Hopewell, VA	3.0	2.0	1368	$1,800	$1.32	23d	1	1.01mi
311 E Cawson St Hopewell, VA	2.0–3.0	1.0	978	$2,154	$2.20	1d	9	1.02mi
507 Hill Ave Hopewell, VA	3.0	1.0	932	$1,395	$1.50	23d	1	1.07mi
2305 Poplar St Unit B Hopewell, VA	2.0	1.5	959	$1,050	$1.09	23d	1	1.15mi
600 Winston Churchill Dr Hopewell, VA	2.0	1.0	900	$1,075	$1.19	1d	1	1.23mi
525 E Cawson St Hopewell, VA	4.0	2.0	1411	$1,791	$1.27	10d	1	1.24mi
2303 Maclin Cir Hopewell, VA	3.0	2.0	1150	$1,499	$1.30	3d	1	1.37mi
15219 Spruce Ave Chester, VA	3.0	1.5	1052	$1,991	$1.89	23d	1	1.47mi

Listing history 3 events

1. 2026-05-14
   historical $100,000 556-char remark
2. 1999-04-02
   soldstatus $61,500
3. 1992-12-29
   soldstatus $46,500

ⓘ 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: $2,859 · $238/mo
• Projected year-2 tax: $2,859 · $238/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 3/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥110°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: $18,038
• − Mortgage interest: −$5,602
• − Property taxes: −$2,859
• − Insurance: −$500
• − Repairs & maintenance: −$1,443
• − Management: −$1,443
• − Depreciation: −$2,909
• Taxable income: $3,282
• Est. tax owed @ 24.0%: −$788
• After-tax cash flow: $3,810/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: Hopewell City Public School District
• NCES district ID: 5101980
• Math proficiency: 23% ▼ -54.00%
• Reading proficiency: 49% ▼ -18.00%
• Median HH income: $38,234
• Composite: 29.95/100
• National rank: #6377
• State rank: #129 of 131 in VA

Livability — Hopewell

• Score: 70/100
• State rank: #224
• US rank: #7437

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hopewell, VA
• County: Hopewell City · 31,404 people
• City population: 31,404
• Metro: Richmond, VA
• Population (ZIP): 31,404
• Household income: $62,141
• Rent vs Own: 36.8% rent · 63.2% own
• Severe rent burden: 1055.0

Population outlook (Hopewell County) Hauer SSP2

• Today (2025): 21,776 people
• By 2030: 21,457 · -1.5%
• By 2040: 20,882 · -4.1%
• By 2050: 20,239 · -7.1%
• By 2075: 18,905 · -13.2%
• By 2100: 16,949 · -22.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: White 43% Black 42% Two or more races 9% Hispanic / Latino 8% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2%
• Common ancestry: Slovak 1% Romanian 1% Serbian 1%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 4% German/W. Germanic 1%

Political lean MEDSL · Hopewell

• 2024 margin: D (+13.8) · D 56.4% · R 42.6% · Other 1.0%
• 2008→2024 swing: +1.8pp toward D · 2008: 11.9pp · 2024: 13.8pp
• All cycles: 2024: D+13.8 2020: D+14.7 2016: D+9.3 2012: D+16.0 2008: D+11.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -85.28%
• Current HPI: 302.6343
• Rent YoY: ▲ 8.86%
• 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

+222.6% since first listed

6 events — show timeline

• 2026-06-05 Sold (MLS) $150,000 CVRMLS
• 2026-05-21 Pending — CVRMLS
• 2026-05-19 Listed $100,000 CVRMLS
• 2026-05-14 Coming Soon $100,000 CVRMLS
• 1999-04-02 Sold (Public Records) $61,500 Public Records
• 1992-12-29 Sold (Public Records) $46,500 Public Records

Property tax history

+11.6%/yr

Latest (2024): $2,859 · +244.7% YoY. Source: county tax records.