66 Cavalier Rd · Hampton, VA 23669

$179,999

3 bd · 1.0 ba · 902 sqft · SingleFamily public records · 22 Days on market

Built 1943 $200/sqft · 14% below area Est $209k · 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 +16.3/30.0
• ARV discount +13.8/15.0
• Schools +5.5/10.0
• DSCR +5.1/10.0
• 1% rule +4.4/10.0
• Rent growth +3.9/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Nestled on a quiet back street, this inviting 3-bedroom, 1-bath bungalow is ready for you to call home! Step inside to a warm, naturally lit space featuring brand-new LVP flooring and fresh interior paint throughout. The floor plan offers thoughtful separation, with one bedroom located just off the den—perfect for an office or guest space—while the remaining two bedrooms provide privacy on the opposite end of the home. Enjoy the outdoors in your large fenced backyard, entertain on the generous back deck, or take advantage of the covered carport for convenient parking. Home is being sold AS IS, and the seller will make no repairs. Clear T & M to be provided by seller.

Key facts

• Covered carport
• Generous back deck
• Built 1943

Tags

• LARGE FENCED BACKYARD
• GENEROUS BACK DECK
• COVERED CARPORT

Property features AI

Finance

• HOA & community: No HOA fees reported

Exterior

• Parking: Carport; Off-street parking; Driveway parking
• Utilities: City/County water; City/County sewer; Electric water heater; Natural gas for heating
• Home design: Detached bungalow; Single-story
• Construction: Crawl foundation
• Exterior features: Back yard fenced with chain link; Vinyl siding; Asphalt shingle roof

Interior

• Kitchen: Gas range; Microwave; Refrigerator
• Bedrooms: Master bedroom; Additional bedroom; Bedroom and full bathroom on first floor
• Flooring: Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced hot air heating (natural gas); Central air conditioning; Electric water heater
• Interior features: Laminate flooring; Living room; Great room; Dining room; Family room; Utility room
• Laundry & utility: Washer hookup; Dryer hookup; Utility room

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $100 ($1k/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 $169k (6.4% below list).
• Recommended offer: $169k (6.4% below list) — sets the bar for 1% rule.
• Cap rate 7.0% 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.
• Zoned schools: Captain John Smith Elementary (math 42% / reading 57%, grade D, #742 of 1,108 statewide, top 70%, 393 students, 82% FRL); Kecoughtan High (math 68% / reading 87%, grade A-, #83 of 319 statewide, top 28%, 1,564 students, 86% FRL) — zoned schools average 84% FRL vs 49% district-wide (35 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+5.4%/yr); 236 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); 68 units permitted in Hampton city in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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 22 days — a 2% lower offer ($177k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 7y 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.

Risks & watch-outs

• Watch-outs: built in 1943 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $168,548 (6.4% below list)

Questions for the listing agent

1. Built in 1943 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 0.94% ✗
• Cap rate: 6.96%
• Cash-on-cash: 2.38%
• DSCR: 1.11
• GRM: 8.9

CMA / ARV

• ARV (median comp): $209,386
• List price: $179,999
• 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
66 Cavalier Rd	0.00mi	3/1.0	902 (0%)	1mo	$179,900	$199	100
312 Shawen Dr	0.08mi	3/1.0	864 (-4%)	3mo	$234,200	$271	87
218 Pine Grove Ave	0.32mi	3/1.0	909 (+1%)	0mo	$250,000	$275	84
430 Cedar Dr	0.06mi	3/1.0	828 (-8%)	4mo	$209,999	$254	80
100 Lexington St	0.42mi	3/1.0	892 (-1%)	1mo	$244,000	$274	78
213 Shawen Dr	0.20mi	2/1.0 (-1)	864 (-4%)	5mo	$135,000	$156	74
400 Cedar Dr	0.19mi	3/1.0	788 (-13%)	2mo	$202,000	$256	68
219 Courtney Dr	0.68mi	3/1.0	876 (-3%)	5mo	$249,000	$284	60
35 Clayton Dr	0.74mi	2/1.0 (-1)	891 (-1%)	4mo	$235,000	$264	55
18 Clemwood Pkwy	0.68mi	3/1.0	952 (+6%)	6mo	$244,700	$257	54
215 Courtney Dr	0.66mi	3/1.0	1,000 (+11%)	1mo	$160,000	$160	50
9 Lucas Dr	0.72mi	2/2.0 (-1)	950 (+5%)	2mo	$260,000	$274	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 · 5.44% rent growth · sell at horizon

5-year hold

• IRR: -9.8%
• Equity multiple: 0.63×
• Total profit: $-18,549
• Equity at exit: $26,838

10-year hold

• IRR: 2.6%
• Equity multiple: 1.21×
• Total profit: $10,398
• Equity at exit: $15,563

Cash invested: $50,400 (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 23669

• Rents YoY: 5.4%
• Active inventory: 236
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $1,685 high
• Mortgage (P&I): −$944
• Tax from tax record: −$213 /mo · $2,552/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$354
• Net cashflow: $100

Break-even live

Break-even rent $1,559

Max offer price $179,999

Occupancy floor 89%

Sensitivity live

Price	-10% $202	-5% $151	+0% $100	+5% $49	+10% $-2
Rent	-10% $-33	-5% $33	+0% $100	+5% $166	+10% $233
Rate	-1.0pp $191	-0.5pp $146	base $100	+0.5pp $53	+1.0pp $6

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: $45,000
• Closing costs: $5,400
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
109 Peachtree Ln Hampton, VA	3.0	2.0	984	$1,795	$1.82	16d	1	0.13mi
450 Cedar Dr Hampton, VA	3.0	1.0	912	$1,500	$1.64	13d	1	0.16mi
212 Pine Grove Ave Hampton, VA	2.0	1.0	720	$1,500	$2.08	25d	1	0.25mi
24 Cavalier Rd Hampton, VA	3.0	2.0	1014	$1,850	$1.82	5d	1	0.26mi
105 Roland Dr Hampton, VA	2.0	1.0	750	$1,250	$1.67	16d	1	0.43mi
28 Monroe Dr Hampton, VA	3.0	1.0	1110	$1,600	$1.44	45d	1	0.46mi
13 Beverly St Hampton, VA	3.0	1.0	1050	$1,800	$1.71	5d	1	0.53mi
232 W Gilbert St Hampton, VA	1.0–2.0	1.0	767	$1,371	$1.79	3d	1	0.62mi
323 Roane Dr Hampton, VA	3.0	1.0	974	$1,495	$1.53	5d	1	0.76mi
19 Bernard Ave Hampton, VA	2.0	1.0	906	$995	$1.10	22d	1	0.78mi
1563 N King St Hampton, VA	2.0	2.0	1087	$1,612	$1.48	25d	2	0.83mi
1568 N King St Hampton, VA	1.0–2.0	1.0	634	$1,425	$2.25	3d	17	0.83mi
1563 N King St Unit 105 Hampton, VA	2.0	2.0	1087	$1,675	$1.54	45d	1	0.84mi
8 Rip Rap Rd Hampton, VA	2.0	1.0	1000	$1,200	$1.20	22d	1	0.93mi
1711 N King St Unit 18 Hampton, VA	2.0	1.0	815	$1,425	$1.75	45d	1	0.98mi
100 Spanish Trl Hampton, VA	1.0–2.0	1.0–1.5	812	$1,450	$1.79	3d	12	1.11mi
132 Tide Mill Ln Hampton, VA	2.0	1.5	1000	$1,550	$1.55	3d	1	1.31mi
1802 Moger Dr Hampton, VA	3.0	1.0	900	$1,700	$1.89	13d	1	1.40mi
1115 E Pembroke Ave Hampton, VA	2.0	1.0	850	$1,275	$1.50	3d	1	1.41mi

Listing history 13 events

1. 2026-05-05
   historical Active Under Contract 688-char remark
2. 2026-04-30
   listed $179,999 Active 688-char remark
3. 2026-03-19
   historical
4. 2026-02-18
   price $199,950
5. 2025-11-13
   listed $212,000 Active
6. 2025-02-03
   historical
7. 2025-01-04
   price $198,000
8. 2024-12-12
   listed $210,000 Active
9. 2022-03-23
   price $1,395
10. 2019-03-12
    soldstatus $115,000
11. 2019-02-19
    status Under Contract
12. 2019-01-03
    listed $115,000 Active
13. 2002-03-29
    soldstatus $58,000

ⓘ 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: $2,552 · $213/mo
• Projected year-2 tax: $2,552 · $213/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 6/10 Major FEMA zone X (unshaded) · 54% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥104°F today · 15 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,226
• − Mortgage interest: −$10,083
• − Property taxes: −$2,552
• − Insurance: −$900
• − Repairs & maintenance: −$1,618
• − Management: −$1,618
• − Depreciation: −$5,236
• Taxable loss: −$1,782
• Est. tax savings @ 24.0%: +$428
• After-tax cash flow: $1,626/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): 39,884
• Household income: $71,222
• Rent vs Own: 40.4% rent · 59.6% own
• Severe rent burden: 2130.0

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 0.63)
• Race & ethnicity: Black 46% White 39% Two or more races 9% Hispanic / Latino 6% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2%
• Common ancestry: Slovak 2% Italian 1% Romanian 1%
• Foreign-born: 4% · Canada
• Languages at home: 95% English-only · Spanish 3% Other Asian/Pacific 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: ▼ -150.40%
• Current HPI: 276.4636
• Rent YoY: ▲ 5.44%
• 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

+210.2% since first listed

15 events — show timeline

• 2026-06-04 Sold (MLS) $179,900 REINMLS
• 2026-05-22 Pending — REINMLS
• 2026-05-05 Contingent — REINMLS
• 2026-04-30 Listed $179,999 REINMLS
• 2026-03-19 Listing Removed — REINMLS
• 2026-02-18 Price Changed $199,950 REINMLS
• 2025-11-13 Listed $212,000 REINMLS
• 2025-02-03 Listing Removed — REINMLS
• 2025-01-04 Price Changed $198,000 REINMLS
• 2024-12-12 Listed $210,000 REINMLS
• 2022-03-23 Price Changed $1,395 RENT.
• 2019-03-12 Sold (Public Records) $115,000 Public Records
• 2019-02-19 Pending — REINMLS
• 2019-01-03 Listed $115,000 REINMLS
• 2002-03-29 Sold (Public Records) $58,000 Public Records

Property tax history

+12.5%/yr

Latest (2025): $2,552 · +10.9% YoY. Source: county tax records.