710 Osborn Ave · Chesapeake, VA 23325

$250,000

2 bd · 1.0 ba · 1,858 sqft · SingleFamily public records · 15 Days on market

Built 1956 Est $368k · 32% 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 +15.0/30.0
• ARV discount +15.0/15.0
• Schools +5.8/10.0
• DSCR +4.6/10.0
• 1% rule +3.7/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Really Cute Cape Cod Home With 2-Car Garage In Indian River Estates! Located In A "Super" Neighborhood Just Off S. Military Highway. This Home Is A Great "Buy For The Price!" It Features A Living Room With Lvp Flooring, Large Eat-In Kitchen With Stainless Steel Appliances And Lots Of Cabinets And Countertops. Downstairs Is 2 Bedrooms And A Full Bath. Upstairs Is A Rec Room With Pool Table That Will Convey, Plus A Bedroom. Situated On A Good Size Lot. .. It Is Close To Shopping, Restaurants And Interstate.

Key facts

• Living room
• Rec room
• 2-car garage

Tags

• 2-CAR GARAGE
• LIVING ROOM
• EAT-IN KITCHEN
• STAINLESS STEEL APPLIANCES
• REC ROOM
• GOOD SIZE LOT

Property features AI

Finance

• HOA & community: No HOA fees indicated

Exterior

• Parking: Attached 2-car garage; Driveway parking
• Utilities: City/County water; City/County sewer; Electric water heater; Electric power
• Home design: Detached Cape Cod; 1.5 stories; Slab foundation; Simple ownership
• Construction: Vinyl exterior; Asphalt shingle roof; Slab foundation
• Exterior features: Vinyl siding; Back fenced yard; Asphalt shingle roof

Interior

• Kitchen: Dishwasher; Disposal; Electric range; Refrigerator
• Bedrooms: First-floor bedroom with full bathroom; Finished room over garage; Master bedroom
• Flooring: Carpet; Ceramic; Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Heat pump heating; Electric heating; Central air conditioning
• Interior features: Cable hookup; Ceiling fan; Walk-in attic
• Laundry & utility: Washer hookup; Dryer hookup; Utility room

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $250k.

Deal economics

• At list price, monthly cash flow is $10 ($120/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 $218k (12.6% below list).
• Recommended offer: $218k (12.6% below list) — sets the bar for 1% rule.
• Cap rate 6.7% vs local median 3.7% in Chesapeake — 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 70/100 on livability (#236 in VA) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+; Watch: crime C-, cost of living C-, amenities F.
• Chesapeake City Public School District (suburban): math 58% / reading 74% proficiency, ranked #31 of 131 in VA (top 24%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Georgetown Primary (math 62% / reading 67%, grade B, #416 of 1,108 statewide, top 41%, 780 students, 92% FRL); Indian River Middle (math 37% / reading 63%, grade C, #231 of 342 statewide, top 69%, 736 students, 71% FRL); Indian River High (math 69% / reading 73%, grade B+, #146 of 319 statewide, top 47%, 1,701 students, 71% FRL) — zoned schools average 78% FRL vs 28% district-wide (51 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 66 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); 597 units permitted in Chesapeake city in 2024 (0 in 5+ unit buildings).
• This rent runs 38% of the median local income ($70k/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 $8k of value loss. Plan a longer hold.
• Chesapeake County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($246k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $89k; list at $250k implies a 181% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1956 — 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→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $218,471 (12.6% below list)

Questions for the listing agent

1. Built in 1956 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. 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.
6. 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.
7. 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: 0.87% ✗
• Cap rate: 6.66%
• Cash-on-cash: 1.31%
• DSCR: 1.06
• GRM: 9.5

CMA / ARV

• ARV (on-the-fly): $367,884
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
746 Milby Dr	0.09mi	3/2.5 (+1)	1,878 (+1%)	5mo	$359,900	$192	79
2440 Smith Ave	0.32mi	3/2.0 (+1)	1,830 (-2%)	11mo	$360,000	$197	64
714 Osborn Ave	0.02mi	3/2.0 (+1)	1,579 (-15%)	7mo	$320,000	$203	59
742 Milby Dr	0.08mi	3/2.5 (+1)	2,118 (+14%)	10mo	$375,000	$177	54
1938 Engle Ave	0.52mi	3/2.5 (+1)	1,800 (-3%)	8mo	$345,900	$192	53
508 Crown Cres	0.68mi	3/2.0 (+1)	1,772 (-5%)	11mo	$350,000	$198	42
624 Whitehaven Cres	0.64mi	3/2.0 (+1)	1,722 (-7%)	10mo	$376,000	$218	41
2113 Sparrow Rd	0.69mi	3/2.5 (+1)	1,706 (-8%)	4mo	$350,000	$205	40
2230 Haverford Dr	0.62mi	3/2.0 (+1)	1,634 (-12%)	10mo	$363,000	$222	34
3505 Mcneal Ave	0.65mi	3/2.5 (+1)	1,600 (-14%)	3mo	$255,000	$159	33
1803 Hayward Ave	0.65mi	3/2.5 (+1)	1,632 (-12%)	12mo	$338,000	$207	28

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -16.0%
• Equity multiple: 0.43×
• Total profit: $-39,846
• Equity at exit: $37,276

10-year hold

• IRR: -7.6%
• Equity multiple: 0.52×
• Total profit: $-33,770
• Equity at exit: $21,615

Cash invested: $70,000 (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 23325

• Active inventory: 66
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $2,185 high
• Mortgage (P&I): −$1,311
• Tax from tax record: −$234 /mo · $2,811/yr
• Insurance: −$104
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$459
• Net cashflow: $10

Break-even live

Break-even rent $2,172

Max offer price $250,000

Occupancy floor 95%

Sensitivity live

Price	-10% $152	-5% $81	+0% $10	+5% $-61	+10% $-131
Rent	-10% $-163	-5% $-76	+0% $10	+5% $96	+10% $183
Rate	-1.0pp $136	-0.5pp $74	base $10	+0.5pp $-55	+1.0pp $-121

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1712 Weber Ave Chesapeake, VA	3.0	2.5	1704	$2,200	$1.29	9d	1	0.58mi
1940 Weber Ave Chesapeake, VA	3.0	2.0	1600	$1,995	$1.25	25d	1	0.64mi
1424 Hawthorne Dr Chesapeake, VA	3.0	2.0	1484	$2,000	$1.35	9d	1	0.75mi
1257 Jadens Way Chesapeake, VA	3.0	3.0	1726	$2,550	$1.48	16d	1	0.75mi
2213 Sparrow Rd Chesapeake, VA	3.0	2.0	1248	$2,300	$1.84	19d	1	0.77mi
6442 Duquesne Pl Virginia Beach, VA	3.0	1.5	1524	$1,995	$1.31	9d	1	0.79mi
6442 Duquesne Pl Virginia Beach, VA	3.0	1.5	1524	$1,995	$1.31	13d	1	0.79mi
2416 Trafton Pl Chesapeake, VA	3.0	2.5	1750	$2,800	$1.60	19d	1	0.83mi
2403 Trafton Pl Unit 1 Chesapeake, VA	3.0	2.5	1739	$2,800	$1.61	3d	1	0.83mi
2502 Fieldsway Dr Chesapeake, VA	3.0	2.5	1860	$2,550	$1.37	16d	1	0.94mi
67 King George Quay Chesapeake, VA	3.0	1.5	1298	$1,900	$1.46	6d	1	0.99mi
1924 Woodgate Arch Chesapeake, VA	2.0	2.5	1264	$1,850	$1.46	19d	1	1.09mi
1924 Woodgate Arch Unit 1 Chesapeake, VA	2.0	2.5	1264	$1,850	$1.46	18d	1	1.09mi
2540 Holly Point Blvd Chesapeake, VA	1.0–3.0	1.0–2.0	1250	$2,255	$1.80	3d	20	1.22mi
150 Coveside Ln Chesapeake, VA	1.0–3.0	1.0–2.0	1120	$2,240	$2.00	4d	29	1.28mi
929 Wintercress Way Chesapeake, VA	3.0	1.0–2.0	898	$2,396	$2.67	5d	17	1.35mi
6308 Blakely Sq Virginia Beach, VA	1.0–3.0	1.0–2.0	1036	$2,164	$2.09	4d	17	1.36mi
6205 Lippizan Cir Virginia Beach, VA	3.0	2.5	1800	$2,200	$1.22	25d	1	1.37mi
2638 King Ct Chesapeake, VA	3.0	1.5	1462	$2,000	$1.37	22d	1	1.43mi
2620 Sunrise Ave Chesapeake, VA	3.0	1.5	1462	$1,850	$1.27	25d	1	1.43mi
1947 Candlelight Dr Chesapeake, VA	3.0	2.5	1417	$2,000	$1.41	22d	1	1.46mi

Listing history 5 events

1. 2026-05-20
   status Under Contract
2. 2026-05-08
   historical Active Under Contract
3. 2026-05-05
   listed $250,000 Active
4. 2001-09-05
   soldstatus $88,900
5. 2000-06-08
   soldstatus $71,900

ⓘ 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: $2,811 · $234/mo
• Projected year-2 tax: $2,811 · $234/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 7/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 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 5/10 Major 7 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,217
• − Mortgage interest: −$14,004
• − Property taxes: −$2,811
• − Insurance: −$2,048
• − Repairs & maintenance: −$2,097
• − Management: −$2,097
• − Depreciation: −$7,273
• Taxable loss: −$4,113
• Est. tax savings @ 24.0%: +$987
• After-tax cash flow: $1,108/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: Chesapeake City Public School District
• NCES district ID: 5100810
• Math proficiency: 58% ▼ -29.00%
• Reading proficiency: 74% ▼ -7.00%
• Median HH income: $69,356
• Composite: 57.84/100
• National rank: #1047
• State rank: #31 of 131 in VA

Livability — Chesapeake

• Score: 70/100
• State rank: #236
• US rank: #7942

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Chesapeake, VA
• County: Chesapeake City · 253,091 people
• City population: 253,091
• Metro: Virginia Beach-Norfolk-Newport News, VA-NC
• Population (ZIP): 19,138
• Household income: $69,909
• Rent vs Own: 40.0% rent · 60.0% own
• Severe rent burden: 755.0

Population outlook (Chesapeake County) Hauer SSP2

• Today (2025): 263,804 people
• By 2030: 276,798 · +4.9%
• By 2040: 299,906 · +13.7%
• By 2050: 318,284 · +20.7%
• By 2075: 362,137 · +37.3%
• By 2100: 372,225 · +41.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: Black 45% White 40% Hispanic / Latino 7% Two or more races 7% Asian 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2%
• Common ancestry: Lithuanian 2% Italian 2% Serbian 1%
• Foreign-born: 6% · Canada, China, Vietnam
• Languages at home: 91% English-only · Spanish 3% Other Indo-European 2% Vietnamese 1%

Political lean MEDSL · Chesapeake

• 2024 margin: Toss-up / Even · D 51.3% · R 47.5% · Other 1.2%
• 2008→2024 swing: +2.5pp toward D · 2008: 1.3pp · 2024: 3.8pp
• All cycles: 2024: D+3.8 2020: D+6.5 2016: R+1.3 2012: D+1.1 2008: D+1.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -252.24%
• Current HPI: 309.2112
• Rent YoY: —
• 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

+247.7% since first listed

5 events — show timeline

• 2026-05-20 Pending — REINMLS
• 2026-05-08 Contingent — REINMLS
• 2026-05-05 Listed $250,000 REINMLS
• 2001-09-05 Sold (Public Records) $88,900 Public Records
• 2000-06-08 Sold (Public Records) $71,900 Public Records

Property tax history

+4.2%/yr

Latest (2025): $2,811 · +5.9% YoY. Source: county tax records.