42 Jupiter Ct · Laurel Park, VA 24112

$124,900

3 bd · 2.0 ba · 960 sqft · SingleFamily public records · 299 Days on market

Built 1972 0.50 ac lot $130/sqft · at area comps Est $127k · at est.

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Why this score? — see what drove the D+ 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 +18.9/30.0
• ARV discount +8.1/15.0
• DSCR +6.0/10.0
• Schools +4.7/10.0
• 1% rule +3.8/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

FOR SALE - Are you looking for a home that you can customize to your taste? Here is a brick, ranch style home that is offering you that opportunity. With its peeling paint on the exterior, it will not go any government loan. However, it does offer one a chance to build equity and invest in their future instead of a landlord's. Per the seller, there are hardwood floors under the carpeting that's just waiting for someone to bring them to life and show them to the world. When you perform your updates to the more modern tones, you can replace the existing shower in the main bath with a tub/shower combo if you are longing for a tub. The back yard lends itself to gardening or fencing for your pets. The attached carport will keep you dry when you get home on a rainy day. This home could be a nice flip property as well if one wants to do that. Per seller, roof is approx. 10 yrs old. Taxes and lot size are approx. Basement may leak when it rains. Property SOLD AS IS- seller will not make repairs. Property info per seller and/or assessor. Buyer to verify to their satisfaction.

Key facts

• 0.5 acre lot
• Built 1972
• Listed 298 days

What this means for you Summary

Snapshot

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

Deal economics

• At list price, monthly cash flow is $128 ($2k/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 $109k (12.5% below list).
• Recommended offer: $109k (12.5% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 57/100 on livability (#492 in VA) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A; Watch: crime D+, amenities F, commute F.
• Henry County Public School District (rural): math 45% / reading 69% proficiency, ranked #78 of 131 in VA (top 60%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; 62% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Mount Olivet Elementary (math 32% / reading 57%, grade F, #827 of 1,108 statewide, top 77%, 280 students, 90% FRL); Laurel Park Middle (math 57% / reading 79%, grade A-, #94 of 342 statewide, top 28%, 786 students, 99% FRL); Magna Vista High (math 49% / reading 80%, grade B-, #213 of 319 statewide, top 69%, 1,104 students, 98% FRL) — zoned schools average 96% FRL vs 62% district-wide (34 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 258 active listings in the ZIP; 33 units permitted in Henry 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.
• Henry County population projected at -28% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 299 days — a 12% lower offer ($110k) is reasonable based on typical stale-listing flexibility.
• 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: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $109,308 (12.5% below list)

Questions for the listing agent

1. It's been on market 299 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1972 — 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 F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. 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?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. 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: 0.88% ✗
• Cap rate: 7.52%
• Cash-on-cash: 4.39%
• DSCR: 1.20
• GRM: 9.5

CMA / ARV

• ARV (median comp): $126,638
• List price: $124,900
• Delta: -1.37%
• Verdict: FAIR
• Comps: 5 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
135 Jupiter Ct	0.11mi	3/1.5	960 (0%)	15mo	$192,000	$200	81

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: -9.5%
• Equity multiple: 0.65×
• Total profit: $-12,147
• Equity at exit: $18,623

10-year hold

• IRR: -0.1%
• Equity multiple: 0.99×
• Total profit: $-330
• Equity at exit: $10,799

Cash invested: $34,972 (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 24112

• Active inventory: 258
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $1,093 medium
• Mortgage (P&I): −$655
• Tax from tax record: −$28 /mo · $342/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$230
• Net cashflow: $128

Break-even live

Break-even rent $931

Max offer price $124,900

Occupancy floor 83%

Sensitivity live

Price	-10% $199	-5% $163	+0% $128	+5% $93	+10% $57
Rent	-10% $42	-5% $85	+0% $128	+5% $171	+10% $214
Rate	-1.0pp $191	-0.5pp $160	base $128	+0.5pp $96	+1.0pp $63

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: $31,225
• Closing costs: $3,747
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-06-21
   days on market $124,900 Active 299 DOM
2. 2026-06-19
   days on market $124,900 Active 297 DOM
3. 2026-06-18
   days on market $124,900 Active 296 DOM
4. 2026-06-17
   days on market $124,900 Active 295 DOM
5. 2026-06-16
   days on market $124,900 Active 294 DOM
6. 2026-06-15
   days on market $124,900 Active 293 DOM
7. 2026-06-14
   days on market $124,900 Active 291 DOM
8. 2026-06-12
   days on market $124,900 Active 290 DOM
9. 2026-06-09
   days on market $124,900 Active 287 DOM
10. 2026-06-09
    pricedays on market $124,900 Active 286 DOM
11. 2026-05-31
    days on market $130,000 Active 285 DOM
12. 2026-05-30
    days on market $130,000 Active 284 DOM
13. 2026-03-02
    status Active 1085-char remark

    Show marketing remark (1085 chars)

    FOR SALE - Are you looking for a home that you can customize to your taste? Here is a brick, ranch style home that is offering you that opportunity. With its peeling paint on the exterior, it will not go any government loan. However, it does offer one a chance to build equity and invest in their future instead of a landlord's. Per the seller, there are hardwood floors under the carpeting that's just waiting for someone to bring them to life and show them to the world. When you perform your updates to the more modern tones, you can replace the existing shower in the main bath with a tub/shower combo if you are longing for a tub. The back yard lends itself to gardening or fencing for your pets. The attached carport will keep you dry when you get home on a rainy day. This home could be a nice flip property as well if one wants to do that. Per seller, roof is approx. 10 yrs old. Taxes and lot size are approx. Basement may leak when it rains. Property SOLD AS IS- seller will not make repairs. Property info per seller and/or assessor. Buyer to verify to their satisfaction.

14. 2025-08-18
    listed $130,000 Active 1085-char remark

    Show marketing remark (1085 chars)

    FOR SALE - Are you looking for a home that you can customize to your taste? Here is a brick, ranch style home that is offering you that opportunity. With its peeling paint on the exterior, it will not go any government loan. However, it does offer one a chance to build equity and invest in their future instead of a landlord's. Per the seller, there are hardwood floors under the carpeting that's just waiting for someone to bring them to life and show them to the world. When you perform your updates to the more modern tones, you can replace the existing shower in the main bath with a tub/shower combo if you are longing for a tub. The back yard lends itself to gardening or fencing for your pets. The attached carport will keep you dry when you get home on a rainy day. This home could be a nice flip property as well if one wants to do that. Per seller, roof is approx. 10 yrs old. Taxes and lot size are approx. Basement may leak when it rains. Property SOLD AS IS- seller will not make repairs. Property info per seller and/or assessor. Buyer to verify to their satisfaction.

ⓘ 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: $342 · $28/mo
• Projected year-2 tax: $1,024 · $85/mo
• Expected delta: +$682/yr (+$57/mo · 199.6%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥102°F today · 19 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 4% 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: $13,117
• − Mortgage interest: −$6,996
• − Property taxes: −$342
• − Insurance: −$624
• − Repairs & maintenance: −$1,049
• − Management: −$1,049
• − Depreciation: −$3,633
• Taxable loss: −$578
• Est. tax savings @ 24.0%: +$139
• After-tax cash flow: $1,675/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: Henry County Public School District
• NCES district ID: 5101920
• Math proficiency: 45% ▼ -37.00%
• Reading proficiency: 69% ▼ -6.00%
• Median HH income: $34,579
• Composite: 47.02/100
• National rank: #2345
• State rank: #78 of 131 in VA

Livability — Laurel Park

• Score: 57/100
• State rank: #492
• US rank: #21673

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Martinsville City · 31,028 people
• Metro: Martinsville, VA
• Population (ZIP): 31,028
• Household income: $48,770
• Rent vs Own: 33.0% rent · 67.0% own
• Severe rent burden: 888.0

Population outlook (Henry County) Hauer SSP2

• Today (2025): 46,903 people
• By 2030: 44,141 · -5.9%
• By 2040: 38,687 · -17.5%
• By 2050: 33,742 · -28.1%
• By 2075: 25,720 · -45.2%
• By 2100: 19,868 · -57.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 50% Black 38% Hispanic / Latino 7% Two or more races 5% Asian 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 1%
• Common ancestry: Slovak 1% Italian 1% Lithuanian 1%
• Foreign-born: 5% · Canada
• Languages at home: 92% English-only · Spanish 6% Other Indo-European 1%

Political lean MEDSL · Henry

• 2024 margin: Solid R (+32.8) · D 33.3% · R 66.1%
• 2008→2024 swing: -22.4pp toward R · 2008: -10.5pp · 2024: -32.8pp
• All cycles: 2024: R+32.8 2020: R+29.1 2016: R+29.2 2012: R+14.7 2008: R+10.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -95.37%
• Current HPI: 172.4393
• Rent YoY: —
• Metro: Martinsville, 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

2 events — show timeline

• 2026-03-02 Relisted — MHPCAR
• 2025-08-18 Listed $130,000 MHPCAR

Property tax history

+0.7%/yr

Latest (2025): $342 · +0.0% YoY. Source: county tax records.