CashFlowRE
Sign in Sign up
37122 Shark Ct
D Composite 40.29
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 +12.0/15.0
  • Cash flow +7.2/30.0
  • Appreciation +5.6/10.0
  • Schools +4.3/10.0
  • Livability +3.2/5.0
  • Rent growth +2.5/5.0
  • Condition / age +2.5/5.0
  • 1% rule +1.5/10.0
  • DSCR +1.4/10.0

$299,000

37122 Shark Ct · Captains Cove, VA 23356
3 bd · 2.0 ba · 1,580 sqft · SingleFamily public records · 56 Days on market
Built 1999 10,500 sqft lot $189/sqft · 10% below area Est $332k · 10% under $156/mo HOA · 8% of rent ↓ 19% since listing

🖨 Deal sheet 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Welcome home to this beautifully updated, turn-key coastal retreat in Captain's Cove Golf & Yacht Club, offering comfortable one-level living and ideally located just moments from all the incredible amenities this sought-after community has to offer. From the moment you arrive, you'll appreciate the spacious driveway, attached oversized one-car garage, and inviting curb appeal. Step inside to a bright and airy open-concept layout featuring a large living room with vaulted ceilings and remote-controlled skylights, filling the space with natural light and creating a warm, welcoming atmosphere. This central living space flows effortlessly into the dining area and sunroom with large sliders that truly let the sunshine in—perfect for relaxing or entertaining. The kitchen has been tastefully refreshed with brand new countertops and all new appliances (2026), offering both style and functionality. Even better, the home is being sold fully furnished, making it completely move-in ready—ideal for a primary residence, vacation home, or investment opportunity. Down the hall, you'll find three comfortable bedrooms, including a spacious primary suite with walk-in closet and en-suite bath, along with two additional bedrooms that offer flexibility for guests, family, or a home office. Step outside to enjoy a great patio area, perfect for soaking in the coastal lifestyle—whether you're enjoying a bay breeze, hosting family gatherings, or simply unwinding after a day at the beach. The outdoor shower adds the perfect finishing touch. Major updates provide peace of mind, including a new roof (Sept 2025), new HVAC system (Aug 2025), and new garage door (May 2025). Located in the amenity-rich Captain's Cove community, you'll enjoy access to a pristine 9-hole golf course, indoor & outdoor pools, fitness center, marina with boat ramp, fishing pier, playground & picnic areas, basketball, tennis & pickleball courts, walking & biking trails, dog park, security, and more. Perfectly situated on Virginia's Eastern Shore, you're just a short drive to Chincoteague Island, the beaches and wild ponies of Assateague Island, and NASA Wallops Flight Facility, offering endless opportunities for recreation, nature, and exploration. Whether you're searching for a full-time home, vacation escape, or income-producing property, this fully furnished, move-in ready home in Captain's Cove offers the perfect blend of comfort, convenience, and coastal charm.

Key facts

  • Spacious driveway
  • One level living
  • Vaulted ceilings

Tags

ONE LEVEL LIVINGSPACIOUS DRIVEWAYATTACHED OVERSIZED GARAGEOPEN CONCEPT LAYOUTVAULTED CEILINGSREMOTE CONTROLLED SKYLIGHTS

Property features AI

Finance

  • Other: Fee simple ownership; Road maintenance by HOA; Water-oriented property on Chincoteague Bay
  • HOA & community: Annual HOA with extensive amenities including pool(s), fitness center, clubhouse, marina/boat ramp, tennis and basketball courts, playgrounds, golf facilities, walking/jogging paths, picnic areas, dog park, meeting rooms, guest suites, security and more; HOA fee paid annually

Exterior

  • Parking: Attached oversized garage with a concrete driveway (1 garage space)
  • Security: Community security (via HOA amenities)
  • Utilities: Community water; Private septic tank; Broadband internet available; No municipal trash service
  • Home design: Detached single-family home; One-story entry (all main living on main level)
  • Construction: Vinyl siding; Stick-built construction; Composite roof; Slab foundation; Built according to assessor records
  • Exterior features: Patio; Enclosed porch; Porch; Outside shower; Cleared lot; Water view (Chincoteague Bay); Community pool

Interior

  • Kitchen: Stove; Refrigerator; Dishwasher
  • Bedrooms: Three bedrooms on the main level
  • Flooring: Carpet; Ceramic tile
  • Bathrooms: Two full bathrooms on the main level
  • Heating & cooling: Heat pump heating; Central A/C; Ceiling fans; Electric heating and cooling; Electric hot water
  • Interior features: Open floor plan; Dining area; Pantry; Skylights; Ceiling fans; Drywall walls; Vaulted ceilings; Furnished
  • Laundry & utility: Washer and dryer on the main floor; Utility room; Water heater

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/2.0-bath single-family listed at $299k.

Deal economics

  • At list price, monthly cash flow is $-406 ($-5k/yr) — negative.
  • To cash-flow at today's rent, offer at most $227k (24.0% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $195k (34.7% below list).
  • Recommended offer: $195k (34.7% below list) — sets the bar for 1% rule.
  • Cap rate 4.7% vs local median 3.5% in Captains Cove — 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 63/100 on livability (#371 in VA) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A-, housing A-; Watch: amenities F, commute F, health & safety D-.
  • Accomack County Public School District (rural): math 44% / reading 59% proficiency, ranked #99 of 131 in VA (top 76%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; 63% free/reduced lunch — lower-income household profile, screen leases tightly.
  • Zoned schools: Kegotank Elementary (math 26% / reading 51%, grade F, #924 of 1,108 statewide, top 84%, 479 students, 104% FRL); Arcadia Middle (math 35% / reading 54%, grade D, #278 of 342 statewide, top 82%, 482 students, 102% FRL); Arcadia High (math 57% / reading 72%, grade B-, #213 of 319 statewide, top 69%, 713 students, 117% FRL) — zoned schools average 108% FRL vs 63% district-wide (44 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Market conditions: 303 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); 181 units permitted in Accomack County in 2024 (0 in 5+ unit buildings).

Forward outlook

  • In year one you build about $6k of equity ($2k loan paydown + $4k appreciation (1.2% local appreciation)).
  • Accomack County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
  • By year 6, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

  • It's been on market 56 days — a 3% lower offer ($290k) is reasonable based on typical stale-listing flexibility.
  • 4 sale attempts; this cycle's ask has dropped $21k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

  • Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $195,237 (34.7% 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. It's been on market 56 days. Have you received any prior offers? Is the seller open to a 35% concession, seller financing, or rate buy-down credit?
  3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
  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
0.65%
Cap rate
4.66%
Cash-on-cash
-5.82%
DSCR
0.74
GRM
12.8

CMA / ARV

ARV (median comp)
$332,500
List price
$299,000
Delta
-10.08%
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
3188 Blackbeard Rd 0.29mi 3/2.0 1,566 (-1%) 2mo $325,000 $208 84
3554 Navigator Dr 0.28mi 3/3.0 1,548 (-2%) 1mo $340,000 $220 79
3180 Port Ct 0.32mi 3/2.0 1,562 (-1%) 13mo $285,000 $182 73
3452 Captains Corridor 0.20mi 3/2.5 1,428 (-10%) 2mo $295,000 $207 71
3193 Meridian Dr 0.30mi 2/2.0 (-1) 1,631 (+3%) 16mo $262,000 $161 62
3200 Navigator Dr 0.62mi 3/2.0 1,548 (-2%) 16mo $269,000 $174 54
37467 Bayside Dr 0.64mi 3/3.5 1,566 (-1%) 15mo $425,000 $271 50
37157 Reef Ct 0.68mi 3/2.0 1,436 (-9%) 8mo $355,000 $247 46
3199 Navigator Dr 0.64mi 3/2.0 1,795 (+14%) 1mo $375,000 $209 46
3074 Captains Corridor 0.61mi 3/2.0 1,742 (+10%) 11mo $337,500 $194 46
3151 Amidship Dr 0.72mi 4/2.5 (+1) 1,680 (+6%) 7mo $269,000 $160 43
3288 Navigator Dr 0.71mi 2/2.0 (-1) 1,360 (-14%) 13mo $220,000 $162 27

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

Projected returns pro-forma

1.24% appreciation · 3.0% rent growth · sell at horizon

5-year hold
IRR
-3.9%
Equity multiple
0.80×
Total profit
$-16,866
Equity at exit
$105,745
10-year hold
IRR
1.2%
Equity multiple
1.15×
Total profit
$12,273
Equity at exit
$143,410

Cash invested: $83,720 (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.

ZIP-level market 23356

Home prices YoY
0.7%
Active inventory
303
Price-to-rent
12.8×

Monthly cashflow live

Estimated rent
$1,952 medium interval (Pro) →
Mortgage (P&I)
$1,568
Tax from tax record
$100 /mo · $1,199/yr
Insurance
$125
HOA
$156
Vacancy / Maint / Mgmt
$410
Net cashflow
$-406

Break-even live

Break-even rent $2,466
Max offer price $227,258
Occupancy floor

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
$74,750
Closing costs
$8,970
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 3 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
38019 Fathom Rd Greenbackville, VA 3.0 2.5 1440 $2,000 $1.39 20d 1 0.76mi
3928 Captains Corridor Greenbackville, VA 3.0 2.0 1312 $1,700 $1.30 13d 1 1.02mi
38040 Davey Jones Blvd Greenbackville, VA 3.0 2.0 1300 $2,200 $1.69 13d 1 1.37mi

HOA detail

Monthly dues
$156 · $1,872/yr
Likely covers
poolgymsecurity

Listing history 24 events

  1. 2026-06-18
    days on market $299,000 Active 56 DOM
  2. 2026-06-17
    days on market $299,000 Active 55 DOM
  3. 2026-06-16
    days on market $299,000 Active 54 DOM
  4. 2026-06-15
    days on market $299,000 Active 53 DOM
  5. 2026-06-15
    days on market $299,000 Active 52 DOM
  6. 2026-06-13
    days on market $299,000 Active 51 DOM
  7. 2026-06-12
    days on market $299,000 Active 50 DOM
  8. 2026-06-09
    days on market $299,000 Active 47 DOM
  9. 2026-06-08
    pricedays on market $299,000 Active 46 DOM
    Show marketing remark (2502 chars)

    Welcome home to this beautifully updated, turn-key coastal retreat in Captain's Cove Golf & Yacht Club, offering comfortable one-level living and ideally located just moments from all the incredible amenities this sought-after community has to offer. From the moment you arrive, you'll appreciate the spacious driveway, attached oversized one-car garage, and inviting curb appeal. Step inside to a bright and airy open-concept layout featuring a large living room with vaulted ceilings and remote-controlled skylights, filling the space with natural light and creating a warm, welcoming atmosphere. This central living space flows effortlessly into the dining area and sunroom with large sliders that truly let the sunshine in—perfect for relaxing or entertaining. The kitchen has been tastefully refreshed with brand new countertops and all new appliances (2026), offering both style and functionality. Even better, the home is being sold fully furnished, making it completely move-in ready—ideal for a primary residence, vacation home, or investment opportunity. Down the hall, you'll find three comfortable bedrooms, including a spacious primary suite with walk-in closet and en-suite bath, along with two additional bedrooms that offer flexibility for guests, family, or a home office. Step outside to enjoy a great patio area, perfect for soaking in the coastal lifestyle—whether you're enjoying a bay breeze, hosting family gatherings, or simply unwinding after a day at the beach. The outdoor shower adds the perfect finishing touch. Major updates provide peace of mind, including a new roof (Sept 2025), new HVAC system (Aug 2025), and new garage door (May 2025). Located in the amenity-rich Captain's Cove community, you'll enjoy access to a pristine 9-hole golf course, indoor & outdoor pools, fitness center, marina with boat ramp, fishing pier, playground & picnic areas, basketball, tennis & pickleball courts, walking & biking trails, dog park, security, and more. Perfectly situated on Virginia's Eastern Shore, you're just a short drive to Chincoteague Island, the beaches and wild ponies of Assateague Island, and NASA Wallops Flight Facility, offering endless opportunities for recreation, nature, and exploration. Whether you're searching for a full-time home, vacation escape, or income-producing property, this fully furnished, move-in ready home in Captain's Cove offers the perfect blend of comfort, convenience, and coastal charm.

  10. 2026-06-08
    days on market $320,000 Active 45 DOM
    Show marketing remark (2502 chars)

    Welcome home to this beautifully updated, turn-key coastal retreat in Captain's Cove Golf & Yacht Club, offering comfortable one-level living and ideally located just moments from all the incredible amenities this sought-after community has to offer. From the moment you arrive, you'll appreciate the spacious driveway, attached oversized one-car garage, and inviting curb appeal. Step inside to a bright and airy open-concept layout featuring a large living room with vaulted ceilings and remote-controlled skylights, filling the space with natural light and creating a warm, welcoming atmosphere. This central living space flows effortlessly into the dining area and sunroom with large sliders that truly let the sunshine in—perfect for relaxing or entertaining. The kitchen has been tastefully refreshed with brand new countertops and all new appliances (2026), offering both style and functionality. Even better, the home is being sold fully furnished, making it completely move-in ready—ideal for a primary residence, vacation home, or investment opportunity. Down the hall, you'll find three comfortable bedrooms, including a spacious primary suite with walk-in closet and en-suite bath, along with two additional bedrooms that offer flexibility for guests, family, or a home office. Step outside to enjoy a great patio area, perfect for soaking in the coastal lifestyle—whether you're enjoying a bay breeze, hosting family gatherings, or simply unwinding after a day at the beach. The outdoor shower adds the perfect finishing touch. Major updates provide peace of mind, including a new roof (Sept 2025), new HVAC system (Aug 2025), and new garage door (May 2025). Located in the amenity-rich Captain's Cove community, you'll enjoy access to a pristine 9-hole golf course, indoor & outdoor pools, fitness center, marina with boat ramp, fishing pier, playground & picnic areas, basketball, tennis & pickleball courts, walking & biking trails, dog park, security, and more. Perfectly situated on Virginia's Eastern Shore, you're just a short drive to Chincoteague Island, the beaches and wild ponies of Assateague Island, and NASA Wallops Flight Facility, offering endless opportunities for recreation, nature, and exploration. Whether you're searching for a full-time home, vacation escape, or income-producing property, this fully furnished, move-in ready home in Captain's Cove offers the perfect blend of comfort, convenience, and coastal charm.

  11. 2026-06-07
    days on market $320,000 Active 44 DOM
  12. 2026-06-03
    days on market $320,000 Active 41 DOM
  13. 2026-06-02
    days on market $320,000 Active 40 DOM
  14. 2026-06-01
    days on market $320,000 Active 39 DOM
  15. 2026-05-31
    days on market $320,000 Active 38 DOM
  16. 2026-04-23
    listed $320,000 Active 2502-char remark
    Show marketing remark (2502 chars)

    Welcome home to this beautifully updated, turn-key coastal retreat in Captain's Cove Golf & Yacht Club, offering comfortable one-level living and ideally located just moments from all the incredible amenities this sought-after community has to offer. From the moment you arrive, you'll appreciate the spacious driveway, attached oversized one-car garage, and inviting curb appeal. Step inside to a bright and airy open-concept layout featuring a large living room with vaulted ceilings and remote-controlled skylights, filling the space with natural light and creating a warm, welcoming atmosphere. This central living space flows effortlessly into the dining area and sunroom with large sliders that truly let the sunshine in—perfect for relaxing or entertaining. The kitchen has been tastefully refreshed with brand new countertops and all new appliances (2026), offering both style and functionality. Even better, the home is being sold fully furnished, making it completely move-in ready—ideal for a primary residence, vacation home, or investment opportunity. Down the hall, you'll find three comfortable bedrooms, including a spacious primary suite with walk-in closet and en-suite bath, along with two additional bedrooms that offer flexibility for guests, family, or a home office. Step outside to enjoy a great patio area, perfect for soaking in the coastal lifestyle—whether you're enjoying a bay breeze, hosting family gatherings, or simply unwinding after a day at the beach. The outdoor shower adds the perfect finishing touch. Major updates provide peace of mind, including a new roof (Sept 2025), new HVAC system (Aug 2025), and new garage door (May 2025). Located in the amenity-rich Captain's Cove community, you'll enjoy access to a pristine 9-hole golf course, indoor & outdoor pools, fitness center, marina with boat ramp, fishing pier, playground & picnic areas, basketball, tennis & pickleball courts, walking & biking trails, dog park, security, and more. Perfectly situated on Virginia's Eastern Shore, you're just a short drive to Chincoteague Island, the beaches and wild ponies of Assateague Island, and NASA Wallops Flight Facility, offering endless opportunities for recreation, nature, and exploration. Whether you're searching for a full-time home, vacation escape, or income-producing property, this fully furnished, move-in ready home in Captain's Cove offers the perfect blend of comfort, convenience, and coastal charm.

  17. 2026-04-23
    listed $320,000 Active 2550-char remark
    Show marketing remark (2502 chars)

    Welcome home to this beautifully updated, turn-key coastal retreat in Captain's Cove Golf & Yacht Club, offering comfortable one-level living and ideally located just moments from all the incredible amenities this sought-after community has to offer. From the moment you arrive, you'll appreciate the spacious driveway, attached oversized one-car garage, and inviting curb appeal. Step inside to a bright and airy open-concept layout featuring a large living room with vaulted ceilings and remote-controlled skylights, filling the space with natural light and creating a warm, welcoming atmosphere. This central living space flows effortlessly into the dining area and sunroom with large sliders that truly let the sunshine in—perfect for relaxing or entertaining. The kitchen has been tastefully refreshed with brand new countertops and all new appliances (2026), offering both style and functionality. Even better, the home is being sold fully furnished, making it completely move-in ready—ideal for a primary residence, vacation home, or investment opportunity. Down the hall, you'll find three comfortable bedrooms, including a spacious primary suite with walk-in closet and en-suite bath, along with two additional bedrooms that offer flexibility for guests, family, or a home office. Step outside to enjoy a great patio area, perfect for soaking in the coastal lifestyle—whether you're enjoying a bay breeze, hosting family gatherings, or simply unwinding after a day at the beach. The outdoor shower adds the perfect finishing touch. Major updates provide peace of mind, including a new roof (Sept 2025), new HVAC system (Aug 2025), and new garage door (May 2025). Located in the amenity-rich Captain's Cove community, you'll enjoy access to a pristine 9-hole golf course, indoor & outdoor pools, fitness center, marina with boat ramp, fishing pier, playground & picnic areas, basketball, tennis & pickleball courts, walking & biking trails, dog park, security, and more. Perfectly situated on Virginia's Eastern Shore, you're just a short drive to Chincoteague Island, the beaches and wild ponies of Assateague Island, and NASA Wallops Flight Facility, offering endless opportunities for recreation, nature, and exploration. Whether you're searching for a full-time home, vacation escape, or income-producing property, this fully furnished, move-in ready home in Captain's Cove offers the perfect blend of comfort, convenience, and coastal charm.

  18. 2025-08-27
    historical
  19. 2025-06-18
    price $285,000
  20. 2025-06-17
    price $285,000
  21. 2025-05-27
    listed $293,000 Active
  22. 2025-05-24
    listed $293,000 Active
  23. 2025-04-30
    price $329,000
  24. 2025-04-16
    price $369,000

ⓘ 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
$1,199 · $100/mo
Projected year-2 tax
$2,452 · $204/mo
Expected delta
+$1,253/yr (+$104/mo · 104.5%)

ⓘ 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 2/10 Low
  • 🌡 Heat 9/10 Extreme 7 d/yr ≥100°F today · 18 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

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$23,428
− Mortgage interest
−$16,749
− Property taxes
−$1,199
− Insurance
−$1,495
− Repairs & maintenance
−$1,874
− Management
−$1,874
− HOA
−$1,872
− Depreciation
−$8,698
Taxable loss
−$10,333
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$2,480
After-tax cash flow
$-2,393/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
Accomack County Public School District
NCES district ID
5100060
Math proficiency
44% ▼ -36.00%
Reading proficiency
59% ▼ -10.00%
Median HH income
$40,348
Composite
43.05/100
National rank
#3096
State rank
#99 of 131 in VA

Livability — Captains Cove

Score
63/100
State rank
#371
US rank
#14910

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Captains Cove, VA
Population (ZIP)
1,738

Population outlook (Accomack County) Hauer SSP2

Today (2025)
32,072 people
By 2030
31,425 · -2.0%
By 2040
29,685 · -7.4%
By 2050
27,748 · -13.5%
By 2075
23,396 · -27.1%
By 2100
18,774 · -41.5%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Predominantly White (98%)
Race & ethnicity
White 98%
Common ancestry
Romanian 9% Slovak 6% Subsaharan African 2%
Languages at home
97% English-only · Russian/Polish/Slavic 2% Other Indo-European 2%

Political lean MEDSL · Accomack

2024 margin
R (+13.3) · D 43.0% · R 56.3%
2008→2024 swing
-11.9pp toward R · 2008: -1.4pp · 2024: -13.3pp
All cycles
2024: R+13.3 2020: R+9.4 2016: R+11.7 2012: R+3.5 2008: R+1.4

Not yet ingested

Civics

Market trends

HPI YoY
▲ 1.24%
Current HPI
191.9035
Rent YoY
Metro
State GDP YoY
▲ 2.40%
F500 in state
50

Industry mix (Fortune 500 HQ in VA)

Industry F500 HQs Revenue

Price history

-19.0% since first listed
11 events — show timeline
  • 2026-06-08 Price Changed $299,000 BRIGHT MLS
  • 2026-06-08 Price Changed $299,000 ESAR
  • 2026-04-23 Listed $320,000 ESAR
  • 2026-04-23 Listed $320,000 BRIGHT MLS
  • 2025-08-27 Listing Removed BRIGHT MLS
  • 2025-06-18 Price Changed $285,000 ESAR
  • 2025-06-17 Price Changed $285,000 BRIGHT MLS
  • 2025-05-27 Listed $293,000 BRIGHT MLS
  • 2025-05-24 Listed $293,000 ESAR
  • 2025-04-30 Price Changed $329,000 ESAR
  • 2025-04-16 Price Changed $369,000 ESAR

Property tax history

+3.3%/yr

Latest (2025): $1,199 · +10.0% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…