Real Estate Investing in Port Haywood, Virginia (23138)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23138 (Port Haywood, VA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 49.9% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Port Haywood, VA (23138)?
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Market Analysis: 23138 Port Haywood
Not every below-median market is a bargain. Port Haywood's 23138 ZIP posts signals that favor experienced operators who can absorb the risk $346K pricing implies.
Meanwhile, the numbers look inviting — $346K purchase price, 0.0% nominal cap — the work to hit that pro forma in 23138 is substantial and deserves full respect.
On balance, 23138 offers a low basis, the region around Port Haywood has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Who lives in 23138 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 23138 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Port Haywood:
Market Trends
Home Value History (with trend line)
📊 How Does 23138 Compare?
| Metric | 23138 | Port Haywood | Virginia |
|---|---|---|---|
| Home Value | $346,305 | $346,305 | $403,170 |
| 5-Year CAGR | 4.0% | 4.0% | 6.4% |
| Avg Rent | $1,503 | $1,503 | - |
| Cap Rate | 3.4% | 3.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 23138 (Port Haywood, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $346,305 |
| Monthly Rent | $1,503 |
| Price-to-Rent | 19.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | +5.1% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +4.0% ▲ |
| 10-Year CAGR | +3.8% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 23138
Population: 1,066
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
Frequently Asked Questions
What is the smart move for investors in Port Haywood, VA?
Most investors in Port Haywood, VA run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Are homes affordable in Port Haywood, VA?
Port Haywood, VA home values average about $346K. That price point suits investors targeting rentals with $1,503/mo in monthly income.
What is the typical rental rate in Port Haywood, VA?
Investors in Port Haywood, VA typically see rents near $1,503/mo per month against $346K home values - a solid setup for rental cash flow.
How strict are landlord regulations in Port Haywood, VA?
Rental owners in Port Haywood, VA deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What kind of vacancy should I budget for in Port Haywood, VA?
Occupancy in Port Haywood, VA runs steady with elevated vacancy. Well-priced units at $1,503/mo lease on reasonable timelines.
You know 23138 now. You don’t know where it ranks.
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How 23138 ranks in Virginia Beach-Norfolk-Newport News, VA-NC
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