2114 Selden St · Richmond, VA 23223

$139,000

3 bd · 1.0 ba · 1,092 sqft · SingleFamily public records · 49 Days on market

Built 1920 4,112 sqft lot $127/sqft · 31% below area Est $223k · 38% 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 +26.5/30.0
• ARV discount +15.0/15.0
• DSCR +9.0/10.0
• 1% rule +6.2/10.0
• Livability +4.2/5.0
• Rent growth +4.1/5.0
• Schools +3.3/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Under $150K! Investor or renovation opportunity in Richmond! 2114 Selden St offers 3 bedrooms, 2 full bathrooms with 1,212 sq ft and has plenty of upside for a flip, rental, or owner-occupant looking to build equity. This Investor special already has New vinyl windows installed in 2024 and a new roof installed in 2024. The home features a covered front porch, fenced front yard, spacious rear yard, off-street parking potential. Property does need a fair amount of work and is being sold AS-IS. Seller will make no repairs. Cash, hard money, renovation preferred. Great opportunity to add value in the Richmond market and build your rental portfolio. Short term Owner financing is potentially avai

Key facts

• Covered front porch
• Spacious rear yard
• New vinyl windows

Tags

• NEW VINYL WINDOWS
• NEW ROOF
• COVERED FRONT PORCH
• FENCED FRONT YARD
• SPACIOUS REAR YARD
• OFF-STREET PARKING POTENTIAL

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: Single-story home; Above-grade finished living area approx. 1,212
• Construction: Frame, stucco and vinyl siding construction; Shingle roof; Actual year built reported
• Exterior features: Front porch

Interior

• Bedrooms: Total rooms: 7
• Bathrooms: 2 full bathrooms; One full bath includes a shower; One full bath on the first level
• Heating & cooling: Electric heating; Window air conditioning units
• Interior features: Resale condition

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $139k.

Deal economics

• At list price, monthly cash flow is $368 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $139k).
• Recommended offer: $135k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.5% vs local median 3.3% in Richmond — 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 84/100 on livability (#33 in VA, #793 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, health & safety A+; Watch: crime D-.
• Richmond City Public School District (urban): math 32% / reading 47% proficiency, ranked #123 of 131 in VA (top 94%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 74% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+6.4%/yr); 337 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); 2,540 units permitted in Richmond city in 2024 (2,077 in 5+ unit buildings).
• This rent runs 33% of the median local income ($56k/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 $961 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Richmond County population projected at +40% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 6.4% rent growth), your $39k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 49 days — a 3% lower offer ($135k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 22y 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 $39k; list at $139k implies a 256% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% 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 $134,830 (3.0% below list)

Questions for the listing agent

1. It's been on market 49 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — 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 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: 1.12% ✓
• Cap rate: 9.47%
• Cash-on-cash: 11.34%
• DSCR: 1.50
• GRM: 7.5

CMA / ARV

• ARV (median comp): $222,743
• List price: $139,000
• Delta: -37.60%
• 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
1711 Rogers St	0.27mi	2/1.0 (-1)	1,044 (-4%)	3mo	$235,000	$225	73
2214 Beau Ln	0.46mi	3/2.0	1,066 (-2%)	2mo	$295,000	$277	69
2500 Ford Ave	0.48mi	3/1.0	1,007 (-8%)	1mo	$134,900	$134	64
1804 N 25th St	0.34mi	3/2.0	988 (-10%)	2mo	$298,000	$302	62
2009 X St	0.28mi	3/1.0	1,245 (+14%)	2mo	$216,000	$173	61
1905 N 28th St	0.47mi	3/2.0	1,008 (-8%)	0mo	$260,000	$258	61
2408 Ford Ave	0.53mi	3/1.0	1,007 (-8%)	3mo	$165,000	$164	60
1905 Redwood Ave	0.56mi	3/1.0	1,007 (-8%)	1mo	$180,500	$179	60
1513 N 30th St	0.73mi	3/1.0	1,080 (-1%)	6mo	$275,000	$255	58
1829 N 29th St	0.56mi	2/1.0 (-1)	1,167 (+7%)	0mo	$126,000	$108	57
2000 Holly St	0.44mi	3/1.0	956 (-12%)	4mo	$247,000	$258	56
2002 Conrad St	0.56mi	3/2.0	1,007 (-8%)	2mo	$260,000	$258	55

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 · 6.38% rent growth · sell at horizon

5-year hold

• IRR: 4.1%
• Equity multiple: 1.16×
• Total profit: $6,310
• Equity at exit: $20,725

10-year hold

• IRR: 16.3%
• Equity multiple: 2.53×
• Total profit: $59,485
• Equity at exit: $12,018

Cash invested: $38,920 (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 23223

• Rents YoY: 6.4%
• Active inventory: 337
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,551 high
• Mortgage (P&I): −$729
• Tax from tax record: −$71 /mo · $852/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$326
• Net cashflow: $368

Break-even live

Break-even rent $1,086

Max offer price $139,000

Occupancy floor 71%

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: $34,750
• Closing costs: $4,170
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2106 Newbourne St Richmond, VA	3.0	2.0	1172	$1,875	$1.60	43d	1	0.07mi
2108 Phaup St Unit D Richmond, VA	2.0	1.0	700	$995	$1.42	23d	1	0.07mi
2100 Phaup St Richmond, VA	2.0	1.0	800	$995	$1.24	23d	1	0.08mi
2153 Cool Ln Richmond, VA	2.0	1.0	1148	$1,080	$0.94	43d	1	0.12mi
2021 Fairfield Ave Richmond, VA	2.0	1.0	785	$1,195	$1.52	14d	1	0.22mi
1617 N 21st St Richmond, VA	3.0	1.0	1157	$1,825	$1.58	4d	1	0.37mi
2706 Selden St Richmond, VA	3.0	1.0	862	$1,895	$2.20	43d	1	0.41mi
2423 Whitcomb St Richmond, VA	3.0	1.0	1000	$1,100	$1.10	23d	1	0.51mi
1906 N 29th St Richmond, VA	2.0	1.0	704	$1,000	$1.42	4d	1	0.51mi
2852 Fairfield Ave Richmond, VA	2.0–3.0	1.0	870	$1,350	$1.55	4d	1	0.61mi
1806 Sussex St Richmond, VA	4.0	2.0	1197	$2,500	$2.09	43d	1	0.62mi
2906 Nine Mile Rd Richmond, VA	2.0	1.0	885	$1,845	$2.08	23d	1	0.62mi
2016 Fairmount Ave Apt 2 Richmond, VA	2.0	1.0	1000	$1,007	$1.01	43d	1	0.63mi
2016 Fairmount Ave Apt 2 Richmond, VA	2.0	1.0	1000	$1,007	$1.01	14d	1	0.63mi
1603 N 29th St Richmond, VA	3.0	1.0	950	$1,600	$1.68	4d	1	0.64mi
2106 Wood St Richmond, VA	3.0	1.0	862	$1,814	$2.10	20d	1	0.71mi
306 St Claire Ln Richmond, VA	3.0	1.0	1017	$1,595	$1.57	3d	1	0.74mi
1108 N 21st St Unit B Richmond, VA	2.0	2.0	1000	$1,799	$1.80	2d	1	0.77mi
1004 1/2 N 21st St Unit A Richmond, VA	3.0	2.0	1248	$2,195	$1.76	17d	1	0.84mi
1901 Whitcomb St Richmond, VA	2.0	1.0	750	$1,200	$1.60	23d	1	0.85mi
2200 Carrington St Unit 301 Richmond, VA	2.0	2.0	890	$1,435	$1.61	16d	1	0.86mi
2200 Carrington St Unit 300 Richmond, VA	2.0	2.0	880	$1,435	$1.63	43d	1	0.86mi
2914 R St Richmond, VA	2.0	1.0	1250	$1,500	$1.20	23d	1	0.90mi
901 N 27th St Apt 1 Richmond, VA	4.0	1.0	1240	$2,000	$1.61	17d	1	1.01mi
803 N 26th St Unit A Richmond, VA	2.0	2.0	1188	$1,849	$1.56	43d	1	1.06mi
3102 P St Unit B Richmond, VA	2.0	2.5	1313	$1,995	$1.52	4d	1	1.08mi
2003 Cedar St Richmond, VA	3.0	2.0	1420	$2,200	$1.55	43d	1	1.15mi
517 N 21st St Unit 517B Richmond, VA	2.0	1.0	1447	$1,884	$1.30	17d	1	1.19mi
500 N 18th St Richmond, VA	1.0–2.0	1.0–2.0	737	$1,837	$2.49	2d	11	1.23mi
811 N 33rd St Unit A Richmond, VA	3.0	2.0	1315	$1,900	$1.44	4d	1	1.25mi
811 N 33rd St Unit A Richmond, VA	3.0	2.0	1315	$1,900	$1.44	17d	1	1.25mi
621 N 32nd St Unit C Richmond, VA	2.0	1.0	700	$1,299	$1.86	4d	1	1.31mi
1903 E Marshall St Richmond, VA	3.0	1.0–2.0	723	$1,799	$2.49	1d	57	1.34mi
600 N 32nd St Unit C Richmond, VA	2.0	1.0	700	$1,350	$1.93	43d	1	1.35mi
509 N 30th St Unit 2 Richmond, VA	2.0	1.0	750	$1,365	$1.82	21d	1	1.35mi
1820 E Broad St Richmond, VA	1.0–2.0	1.0–2.0	665	$2,476	$3.72	21d	15	1.36mi
2919 4th Ave #2 Richmond, VA	2.0	2.0	950	$1,287	$1.35	43d	1	1.36mi
3508 E Richmond Rd Richmond, VA	2.0	1.0	801	$1,336	$1.67	4d	7	1.38mi
3119 4th Ave Richmond, VA	2.0	1.0	820	$1,225	$1.49	17d	1	1.40mi
1801 Monteiro Ave Unit 1 Richmond, VA	2.0	2.0	1500	$1,550	$1.03	4d	1	1.40mi

Listing history 24 events

1. 2026-06-18
   days on market $139,000 Active 49 DOM
2. 2026-06-17
   days on market $139,000 Active 48 DOM
3. 2026-06-16
   days on market $139,000 Active 47 DOM
4. 2026-06-15
   days on market $139,000 Active 46 DOM
5. 2026-06-13
   days on market $139,000 Active 44 DOM
6. 2026-06-10
   days on market $139,000 Active 41 DOM
7. 2026-06-09
   days on market $139,000 Active 40 DOM
8. 2026-06-08
   days on market $139,000 Active 39 DOM
9. 2026-06-07
   days on market $139,000 Active 38 DOM
10. 2026-06-03
    days on market $139,000 Active 34 DOM
11. 2026-06-02
    days on market $139,000 Active 33 DOM
12. 2026-06-01
    days on market $139,000 Active 32 DOM
13. 2026-05-31
    days on market $139,000 Active 31 DOM
14. 2026-04-30
    listed $144,900 Active 719-char remark
15. 2009-09-22
    historical
16. 2006-01-16
    historical
17. 2005-06-14
    listed $39,500
18. 2005-06-14
    listed $39,500
19. 2004-12-30
    soldstatus $39,000
20. 2004-12-30
    listed $29,950
21. 2004-11-04
    soldstatus $39,000
22. 2004-11-04
    soldstatus $39,000
23. 2004-09-22
    listed $29,950
24. 2004-09-22
    listed $29,950

ⓘ 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: $852 · $71/mo
• Projected year-2 tax: $1,140 · $95/mo
• Expected delta: +$288/yr (+$24/mo · 33.8%)

ⓘ 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 8/10 Severe 7 d/yr ≥105°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,616
• − Mortgage interest: −$7,786
• − Property taxes: −$852
• − Insurance: −$695
• − Repairs & maintenance: −$1,489
• − Management: −$1,489
• − Depreciation: −$4,044
• Taxable income: $2,261
• Est. tax owed @ 24.0%: −$543
• After-tax cash flow: $3,870/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: Richmond City Public School District
• NCES district ID: 5103240
• Math proficiency: 32% ▼ -24.00%
• Reading proficiency: 47% ▼ -9.00%
• Median HH income: $40,276
• Composite: 33.09/100
• National rank: #5564
• State rank: #123 of 131 in VA

Livability — Richmond

• Score: 84/100
• State rank: #33
• US rank: #793

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Richmond, VA
• County: Henrico County · 334,490 people
• City population: 287,109
• Metro: Richmond, VA
• Population (ZIP): 54,659
• Household income: $55,731
• Rent vs Own: 56.2% rent · 43.8% own
• Severe rent burden: 3530.0

Population outlook (Richmond County) Hauer SSP2

• Today (2025): 262,263 people
• By 2030: 284,503 · +8.5%
• By 2040: 327,353 · +24.8%
• By 2050: 367,946 · +40.3%
• By 2075: 449,560 · +71.4%
• By 2100: 500,301 · +90.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (71%)
• Race & ethnicity: Black 71% White 19% Two or more races 5% Hispanic / Latino 5%
• Common ancestry: Romanian 1% Lithuanian 1% Slovak 1%
• Foreign-born: 4% · Canada
• Languages at home: 93% English-only · Spanish 4% French/Haitian/Cajun 1% Other Indo-European 1%

Political lean MEDSL · Richmond

• 2024 margin: Solid D (+66.3) · D 82.0% · R 15.8% · Other 2.2%
• 2008→2024 swing: +7.2pp toward D · 2008: 59.1pp · 2024: 66.3pp
• All cycles: 2024: D+66.3 2020: D+68.0 2016: D+63.8 2012: D+55.7 2008: D+59.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -257.81%
• Current HPI: 324.0589
• Rent YoY: ▲ 6.38%
• 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

+364.1% since first listed

12 events — show timeline

• 2026-05-28 Price Changed $139,000 CVRMLS
• 2026-04-30 Listed $144,900 CVRMLS
• 2009-09-22 Listing Removed — CVRMLS
• 2006-01-16 Listing Removed — CVRMLS
• 2005-06-14 Listed $39,500 CVRMLS
• 2005-06-14 Listed $39,500 CVRMLS
• 2004-12-30 Listed $29,950 MRIS
• 2004-12-30 Sold (MLS) $39,000 MRIS
• 2004-11-04 Sold (MLS) $39,000 CVRMLS
• 2004-11-04 Sold (MLS) $39,000 CVRMLS
• 2004-09-22 Listed $29,950 CVRMLS
• 2004-09-22 Listed $29,950 CVRMLS

Property tax history

+5.7%/yr

Latest (2022): $852 · +47.9% YoY. Source: county tax records.