Real Estate Investing in Dundas, Virginia (23938)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23938 (Dundas, VA)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Declining values: -3.1% 5-year CAGR — values have moved lower.
- Elevated vacancy: 9.5% vacancy may signal weakening demand.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Dundas, VA (23938)?
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Market Analysis: 23938 Dundas
This part of Brunswick County is not an easy win. The 23938 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
From an investor standpoint, the numbers look inviting — $127K purchase price, 0.0% nominal cap — the work to hit that pro forma in 23938 is substantial and deserves full respect.
In the broader VA picture, 23938 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A healthy renter share of 0% in 23938 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 23938 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Dundas:
Market Trends
Home Value History (with trend line)
📊 How Does 23938 Compare?
| Metric | 23938 | Dundas | Virginia |
|---|---|---|---|
| Home Value | $126,649 | $126,649 | $403,170 |
| 5-Year CAGR | N/A | N/A | 6.4% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 5.3% | 5.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 23938 (Dundas, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $126,649 |
| Monthly Rent | $864 |
| Price-to-Rent | 12.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.2% |
| Cap Rate | 5.3% |
| 5-Year IRR | 2.2% |
📈 Home Appreciation
| 1-Year | +5.0% ▲ |
| 3-Year CAGR | -4.9% ▼ |
| 5-Year CAGR | -3.1% ▼ |
| 10-Year CAGR | +0.6% ▲ |
🏠 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 (5.3%). 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 23938
Population: 257
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
🎓 Nearby Colleges & Universities
Investor Insight: With 508 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What monthly rent should investors expect in Dundas, VA?
Rent in Dundas, VA is around $864/mo. The resulting rent-to-value relationship with $127K pricing is reasonable for most investor models.
What is the best play in Dundas, VA?
Investors usually favor careful cash-flow rentals with hands-on management in Dundas, VA. With home values at $127K and rents near $864/mo, other strategies can work but produce reliable rather than outsized returns.
What is the rental occupancy rate in Dundas, VA?
Dundas, VA carries elevated vacancy risk. Expect steady absorption at market rents of $864/mo.
Can I house hack in Dundas, VA?
For house hackers, Dundas, VA is a challenging. The $864/mo rent on a unit helps defray the mortgage on a $127K property.
Is real estate in Dundas, VA a good investment right now?
Yes - Dundas, VA a 3.0/5 investability score. With $127K home prices against $864/mo monthly rent, the market delivers a reasonable entry point for new investors.
You know 23938 now. You don’t know where it ranks.
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