59 Walnut Ln · Heathsville, VA 22473

$125,000

3 bd · 2.0 ba · 1,456 sqft · SingleFamily · 12 Days on market

Built 2000 Fair condition 2.13 ac lot

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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 +22.3/30.0
• ARV discount +7.5/15.0
• DSCR +7.2/10.0
• 1% rule +5.8/10.0
• Schools +4.8/10.0
• Livability +2.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to peaceful country living in Heathsville! This well-maintained 3-bedroom, 2-bath double-wide home offers 1,456 square feet of comfortable living space and sits on a spacious 2.129-acre lot with plenty of room to enjoy the outdoors. Built in 2000, the interior has been well cared for and features a functional layout, a brand-new water pump installed in April 2026, an updated roof, soft carpet barely been used, and a water heater a few years old, perfect for everyday living, entertaining, or investment potential. The exterior could use a little TLC, giving buyers the perfect opportunity to add their own personal touch and build instant equity. Whether you're searching for a starter home, downsizing to quiet country surroundings, or looking for an income-producing investment property, this home offers endless potential. Enjoy the privacy and space of rural living while still being conveniently located near local amenities, marinas, and the beautiful Northern Neck waterways. Property is being sold AS-IS, WHERE-IS strictly. Take a look for yourself and see the potential this property offers. Schedule your private tour today!

Key facts

• Brand-new water pump
• Water heater
• Spacious lot

Tags

• SPACIOUS LOT
• UPDATED ROOF
• BRAND-NEW WATER PUMP
• WATER HEATER

Property features AI

Exterior

• Parking: Driveway parking (2 spaces); Total of 2 garage/parking spaces
• Utilities: Electric service available; Water service available; Private septic tank; Satellite internet
• Home design: Manufactured property; Vinyl siding; Shingle roof; Fee simple ownership
• Construction: Manufactured construction; Vinyl siding exterior; Shingle roof
• Exterior features: Not in a federal flood zone; No basement; Above-grade other structures

Interior

• Bedrooms: 3 bedrooms on the main level
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms on the main level
• Heating & cooling: Central electric heating; Electric hot water
• Interior features: Drywall walls and ceilings

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $125k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $207 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $125k).
• Cap rate 8.3% vs local median 1.5% in Heathsville — 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 56/100 on livability (#510 in VA) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, schools A, crime A; Watch: amenities F, commute F, employment F.
• Northumberland County Public School District (rural): math 47% / reading 65% proficiency, ranked #75 of 131 in VA (top 57%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 238 active listings in the ZIP; 60 units permitted in Northumberland County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Northumberland County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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

• 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 $125,000

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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: 1.08% ✓
• Cap rate: 8.28%
• Cash-on-cash: 7.08%
• DSCR: 1.32
• GRM: 7.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -5.4%
• Equity multiple: 0.80×
• Total profit: $-7,074
• Equity at exit: $18,638

10-year hold

• IRR: 4.2%
• Equity multiple: 1.31×
• Total profit: $10,869
• Equity at exit: $10,808

Cash invested: $35,000 (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 22473

• Home prices YoY: -25.2%
• Active inventory: 238
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,355 medium
• Mortgage (P&I): −$656
• Tax est. 1.5%: −$156 /mo · $1,875/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$285
• Net cashflow: $207

Break-even live

Break-even rent $1,093

Max offer price $125,000

Occupancy floor 80%

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Listing history 7 events

1. 2026-06-07
   statusdays on market $125,000 Pending 12 DOM
2. 2026-06-03
   days on market $125,000 Active 11 DOM
3. 2026-06-02
   days on market $125,000 Active 10 DOM
4. 2026-06-01
   days on market $125,000 Active 9 DOM
5. 2026-05-31
   days on market $125,000 Active 8 DOM
6. 2026-05-23
   listed $125,000 Active

   Show marketing remark (1146 chars)

   Welcome to peaceful country living in Heathsville! This well-maintained 3-bedroom, 2-bath double-wide home offers 1,456 square feet of comfortable living space and sits on a spacious 2.129-acre lot with plenty of room to enjoy the outdoors. Built in 2000, the interior has been well cared for and features a functional layout, a brand-new water pump installed in April 2026, an updated roof, soft carpet barely been used, and a water heater a few years old, perfect for everyday living, entertaining, or investment potential. The exterior could use a little TLC, giving buyers the perfect opportunity to add their own personal touch and build instant equity. Whether you're searching for a starter home, downsizing to quiet country surroundings, or looking for an income-producing investment property, this home offers endless potential. Enjoy the privacy and space of rural living while still being conveniently located near local amenities, marinas, and the beautiful Northern Neck waterways. Property is being sold AS-IS, WHERE-IS strictly. Take a look for yourself and see the potential this property offers. Schedule your private tour today!

7. 2026-05-23
   listed $125,000 Active 1146-char remark

   Show marketing remark (1146 chars)

   Welcome to peaceful country living in Heathsville! This well-maintained 3-bedroom, 2-bath double-wide home offers 1,456 square feet of comfortable living space and sits on a spacious 2.129-acre lot with plenty of room to enjoy the outdoors. Built in 2000, the interior has been well cared for and features a functional layout, a brand-new water pump installed in April 2026, an updated roof, soft carpet barely been used, and a water heater a few years old, perfect for everyday living, entertaining, or investment potential. The exterior could use a little TLC, giving buyers the perfect opportunity to add their own personal touch and build instant equity. Whether you're searching for a starter home, downsizing to quiet country surroundings, or looking for an income-producing investment property, this home offers endless potential. Enjoy the privacy and space of rural living while still being conveniently located near local amenities, marinas, and the beautiful Northern Neck waterways. Property is being sold AS-IS, WHERE-IS strictly. Take a look for yourself and see the potential this property offers. Schedule your private tour today!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥103°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

Taxation est. · year 1

• Rental income: $16,260
• − Mortgage interest: −$7,002
• − Property taxes: −$1,875
• − Insurance: −$625
• − Repairs & maintenance: −$1,301
• − Management: −$1,301
• − Depreciation: −$3,636
• Taxable income: $520
• Est. tax owed @ 24.0%: −$125
• After-tax cash flow: $2,355/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.

Condition & rehab AI · 17 photos

Fair 45/100 Moderate rehab

This 3-bedroom, 2-bath home in Heathsville requires moderate renovations to update the kitchen and bathrooms, paint the exterior siding, and improve the landscaping. These updates will significantly increase its resale and rental value.

Repairs flagged

• Moderate kitchen cabinets — dated and in need of replacement
• Moderate bathroom fixtures — dated and in need of replacement
• Moderate exterior siding — weathered and in need of repainting

Value-add opportunities

• Both update kitchen and bathrooms — modernizing the home will attract more buyers and renters
• Both paint exterior siding — improving curb appeal will increase the home's value
• Both landscaping — improved landscaping will enhance curb appeal and attract more buyers

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · dated and in need of replacement	Moderate	$3,000–15,000
bathroom fixtures · dated and in need of replacement	Moderate	$3,000–15,000
exterior siding · weathered and in need of repainting	Moderate	$3,000–15,000
Total estimated repair cost · 3 items		$9,000–45,000

Value-add ROI direction

• Both update kitchen and bathrooms — modernizing the home will attract more buyers and renters ↑
• Both paint exterior siding — improving curb appeal will increase the home's value ↑
• Both landscaping — improved landscaping will enhance curb appeal and attract more buyers ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Northumberland County Public School District
• NCES district ID: 5102730
• Math proficiency: 47% ▼ -39.00%
• Reading proficiency: 65% ▼ -12.00%
• Median HH income: $52,524
• Composite: 47.93/100
• National rank: #2209
• State rank: #75 of 131 in VA

Livability — Heathsville

• Score: 56/100
• State rank: #510
• US rank: #22811

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 5,646

Population outlook (Northumberland County) Hauer SSP2

• Today (2025): 11,873 people
• By 2030: 11,609 · -2.2%
• By 2040: 10,938 · -7.9%
• By 2050: 10,235 · -13.8%
• By 2075: 8,922 · -24.9%
• By 2100: 7,288 · -38.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 56% Black 30% Two or more races 8% Hispanic / Latino 5% Asian 3%
• Hispanic origin (detail): Puerto Rican 4%
• Common ancestry: Slovak 3% Italian 1% Portuguese 1%
• Foreign-born: 3% · Vietnam, Canada
• Languages at home: 93% English-only · Spanish 3% Vietnamese 2% Other Indo-European 2%

Political lean MEDSL · Northumberland

• 2024 margin: Strong R (+21.2) · D 39.0% · R 60.2%
• 2008→2024 swing: -11.3pp toward R · 2008: -9.8pp · 2024: -21.2pp
• All cycles: 2024: R+21.2 2020: R+15.8 2016: R+27.6 2012: R+14.9 2008: R+9.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -56.89%
• Current HPI: 169.0605
• Rent YoY: —
• Metro: —
• 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

+0.0% since first listed

2 events — show timeline

• 2026-05-23 Listed $125,000 NNAR
• 2026-05-23 Listed $125,000 BRIGHT MLS