10 W Walker Rd · Hampton, VA 23666

$235,000

3 bd · 1.0 ba · 1,321 sqft · SingleFamily public records · 153 Days on market

Built 1962 9,426 sqft lot $178/sqft · 14% below area Est $273k · 14% under

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Why this score? — see what drove the C- 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 +14.5/30.0
• ARV discount +13.8/15.0
• Schools +5.5/10.0
• DSCR +4.4/10.0
• Livability +3.8/5.0
• 1% rule +3.6/10.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Well-maintained single-family brick ranch-style home offering 3 bedrooms and 1.5 baths with approximately 1,321square feet of living space with a wood burning fireplace (as-is) and a converted garage. Situated on a .21-acre lot, this home features recent improvements including a new roof, updated gutters, a replaced hot water heater and updated plumbing in the kitchen. The functional one-level layout provides comfortable living and flexibility for future updates. Conveniently located with easy access to local amenities. Schedule your showing today.

Key facts

• One-level layout
• Converted garage
• Updated gutters

Tags

• WOOD BURNING FIREPLACE
• CONVERTED GARAGE
• NEW ROOF
• UPDATED GUTTERS
• REPLACED HOT WATER HEATER
• ONE-LEVEL LAYOUT

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $235k.

Deal economics

• At list price, monthly cash flow is $52 ($623/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $201k (14.4% below list).
• Recommended offer: $201k (14.4% below list) — sets the bar for 1% rule.
• Cap rate 6.6% vs local median 4.5% in Hampton — 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 (#133 in VA, #4,302 nationally) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, cost of living A; Watch: crime C-, amenities D+, commute F.
• Hampton City Public School District (urban): math 60% / reading 70% proficiency, ranked #40 of 131 in VA (top 30%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+4.0%/yr); 231 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 68 units permitted in Hampton city in 2024 (0 in 5+ unit buildings).
• This rent runs 33% of the median local income ($73k/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.
• Hampton County population projected at -13% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 153 days — a 12% lower offer ($207k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $16k; list at $235k implies a 1324% 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→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $201,117 (14.4% below list)

Questions for the listing agent

1. It's been on market 153 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
2. Built in 1962 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 0.86% ✗
• Cap rate: 6.56%
• Cash-on-cash: 0.95%
• DSCR: 1.04
• GRM: 9.7

CMA / ARV

• ARV (median comp): $273,351
• List price: $235,000
• Delta: -14.03%
• 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
3 Beechwood Rd	0.19mi	3/1.0	1,218 (-8%)	5mo	$150,250	$123	74
2809 Butternut Dr	0.41mi	3/2.0	1,303 (-1%)	3mo	$314,000	$241	72
15 E Walker Rd	0.17mi	3/2.0	1,456 (+10%)	2mo	$309,900	$213	69
1120 Micott Dr	0.50mi	3/1.5	1,401 (+6%)	1mo	$260,000	$186	63
3311 West Lewis Rd	0.69mi	3/2.0	1,356 (+3%)	3mo	$250,000	$184	57
24 Hickory Hill Rd	0.36mi	3/2.0	1,152 (-13%)	3mo	$320,000	$278	56
205 Hickory Hill Rd	0.40mi	3/2.0	1,152 (-13%)	3mo	$275,000	$239	53
3321 Candlewood Dr	0.67mi	4/2.0 (+1)	1,296 (-2%)	4mo	$250,000	$193	53
6 Cornelius Dr	0.60mi	3/1.0	1,138 (-14%)	1mo	$252,350	$222	48
3316 Custer Ct	0.73mi	3/1.5	1,218 (-8%)	5mo	$225,000	$185	46
1519 Todds Ln	0.57mi	3/2.0	1,508 (+14%)	1mo	$300,000	$199	45
212 Breckinridge Ct	0.74mi	4/2.5 (+1)	1,500 (+14%)	3mo	$324,900	$217	29

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 · 4.05% rent growth · sell at horizon

5-year hold

• IRR: -13.7%
• Equity multiple: 0.50×
• Total profit: $-32,650
• Equity at exit: $35,039

10-year hold

• IRR: -3.3%
• Equity multiple: 0.77×
• Total profit: $-15,267
• Equity at exit: $20,319

Cash invested: $65,800 (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 23666

• Home prices YoY: -15.7%
• Rents YoY: 4.0%
• Active inventory: 231
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $2,011 high
• Mortgage (P&I): −$1,232
• Tax from tax record: −$207 /mo · $2,480/yr
• Insurance: −$98
• HOA: −$0
• Vacancy / Maint / Mgmt: −$422
• Net cashflow: $52

Break-even live

Break-even rent $1,945

Max offer price $235,000

Occupancy floor 92%

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: $58,750
• Closing costs: $7,050
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7 W Lewis Rd Hampton, VA	3.0	2.0	1208	$2,425	$2.01	21d	1	0.27mi
2217 Todds Ln Hampton, VA	2.0	2.5	1300	$1,450	$1.12	44d	1	0.53mi
37 Pennwood Dr Hampton, VA	3.0	2.0	1156	$1,795	$1.55	24d	1	0.54mi
1600 Pennwood Dr Hampton, VA	2.0	1.0	881	$1,350	$1.53	44d	6	0.56mi
3318 Custer Ct Hampton, VA	4.0	2.5	1625	$2,500	$1.54	12d	1	0.76mi
321 Big Bethel Rd Hampton, VA	3.0	1.0	1400	$2,300	$1.64	12d	1	0.78mi
1102 Celia Ct Hampton, VA	2.0	2.0	1370	$2,100	$1.53	44d	1	0.87mi
208 Fishers Ct Hampton, VA	2.0	3.0	1519	$2,295	$1.51	12d	1	0.89mi
408 Fishers Ct Hampton, VA	2.0	2.0	1369	$1,999	$1.46	44d	1	0.91mi
1587 Briarfield Rd Hampton, VA	2.0–3.0	1.5–2.0	985	$1,495	$1.52	2d	9	0.97mi
346 Sitka Ct Hampton, VA	3.0	1.5	1210	$1,675	$1.38	24d	1	1.03mi
604 Big Bethel Rd Hampton, VA	3.0	1.5	1139	$2,300	$2.02	44d	1	1.03mi
7 Briar Dr Hampton, VA	3.0	1.5	1626	$1,850	$1.14	15d	1	1.06mi
314 Martha Lee Dr Hampton, VA	3.0	2.0	1210	$2,200	$1.82	24d	1	1.10mi
100 Monticello Mews Hampton, VA	1.0–3.0	1.0–2.0	1175	$3,089	$2.63	2d	15	1.15mi
700 Benevita Pl Unit 700-403 Hampton, VA	2.0	2.0	1359	$2,100	$1.55	24d	1	1.19mi
65 Cape Dorey Dr Unit 3A Hampton, VA	2.0	2.0	1035	$1,495	$1.44	44d	1	1.28mi
65 Cape Dorey Dr Unit 3A Hampton, VA	2.0	2.0	1035	$1,395	$1.35	24d	1	1.28mi
119 Yorkshire Ter Hampton, VA	4.0	1.5	1499	$2,500	$1.67	24d	1	1.29mi
10 Rutland Dr Hampton, VA	3.0	2.5	1817	$2,600	$1.43	24d	1	1.31mi
135 Pine Chapel Rd Hampton, VA	1.0–2.0	1.0–1.5	830	$1,490	$1.80	2d	9	1.35mi
44 Lucinda Ct Hampton, VA	2.0	1.5	921	$1,495	$1.62	4d	1	1.40mi
260 Marcella Rd Hampton, VA	1.0–2.0	1.0–2.0	825	$1,838	$2.23	2d	18	1.41mi
10 Christine Ct Hampton, VA	2.0	1.5	921	$1,800	$1.95	24d	1	1.46mi
101 Prince James Dr Hampton, VA	3.0	1.0	1766	$1,645	$0.93	15d	1	1.46mi
25 Christine Ct Hampton, VA	2.0	1.5	921	$1,700	$1.85	24d	1	1.50mi

Listing history 4 events

1. 2026-05-31
   days on market $235,000 Active 153 DOM
2. 2026-01-22
   price $235,000 555-char remark

   Show marketing remark (555 chars)

   Well-maintained single-family brick ranch-style home offering 3 bedrooms and 1.5 baths with approximately 1,321square feet of living space with a wood burning fireplace (as-is) and a converted garage. Situated on a .21-acre lot, this home features recent improvements including a new roof, updated gutters, a replaced hot water heater and updated plumbing in the kitchen. The functional one-level layout provides comfortable living and flexibility for future updates. Conveniently located with easy access to local amenities. Schedule your showing today.

3. 2025-12-28
   listed $250,000 Active 555-char remark

   Show marketing remark (555 chars)

   Well-maintained single-family brick ranch-style home offering 3 bedrooms and 1.5 baths with approximately 1,321square feet of living space with a wood burning fireplace (as-is) and a converted garage. Situated on a .21-acre lot, this home features recent improvements including a new roof, updated gutters, a replaced hot water heater and updated plumbing in the kitchen. The functional one-level layout provides comfortable living and flexibility for future updates. Conveniently located with easy access to local amenities. Schedule your showing today.

4. 1962-09-01
   soldstatus $16,500

ⓘ 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: $2,480 · $207/mo
• Projected year-2 tax: $2,480 · $207/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 · 16 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,134
• − Mortgage interest: −$13,164
• − Property taxes: −$2,480
• − Insurance: −$1,175
• − Repairs & maintenance: −$1,931
• − Management: −$1,931
• − Depreciation: −$6,836
• Taxable loss: −$3,382
• Est. tax savings @ 24.0%: +$812
• After-tax cash flow: $1,435/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: Hampton City Public School District
• NCES district ID: 5101800
• Math proficiency: 60% ▼ -21.00%
• Reading proficiency: 70% ▼ -4.00%
• Median HH income: $50,089
• Composite: 55.19/100
• National rank: #1272
• State rank: #40 of 131 in VA

Livability — Hampton

• Score: 75/100
• State rank: #133
• US rank: #4302

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hampton, VA
• County: Hampton City · 132,421 people
• City population: 132,421
• Metro: Virginia Beach-Norfolk-Newport News, VA-NC
• Population (ZIP): 54,233
• Household income: $72,568
• Rent vs Own: 47.1% rent · 52.9% own
• Severe rent burden: 2951.0

Population outlook (Hampton County) Hauer SSP2

• Today (2025): 134,055 people
• By 2030: 131,753 · -1.7%
• By 2040: 125,017 · -6.7%
• By 2050: 116,825 · -12.9%
• By 2075: 97,033 · -27.6%
• By 2100: 76,188 · -43.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.65)
• Race & ethnicity: Black 51% White 29% Two or more races 10% Hispanic / Latino 9% Asian 4%
• Hispanic origin (detail): Mexican 3% Puerto Rican 3%
• Common ancestry: Italian 1% Lithuanian 1% Romanian 1%
• Foreign-born: 7% · Canada, Vietnam
• Languages at home: 90% English-only · Spanish 5% Vietnamese 1% Arabic 1%

Political lean MEDSL · Hampton

• 2024 margin: Solid D (+39.9) · D 69.2% · R 29.4% · Other 1.4%
• 2008→2024 swing: +1.0pp no change · 2008: 38.9pp · 2024: 39.9pp
• All cycles: 2024: D+39.9 2020: D+42.2 2016: D+37.8 2012: D+45.4 2008: D+38.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -49.01%
• Current HPI: 262.821
• Rent YoY: ▲ 4.05%
• 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

+1324.2% since first listed

3 events — show timeline

• 2026-01-22 Price Changed $235,000 REINMLS
• 2025-12-28 Listed $250,000 REINMLS
• 1962-09-01 Sold (Public Records) $16,500 Public Records

Property tax history

+9.0%/yr

Latest (2025): $2,480 · +10.0% YoY. Source: county tax records.