126 Ridgeline Rd · Lake Junaluska, NC 28721

$367,000

3 bd · 2.0 ba · 1,508 sqft · Manufactured public records · 13 Days on market

Built 1997 0.81 ac lot

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Why this score? — see what drove the F 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).

• ARV discount +7.5/15.0
• Cash flow +5.9/30.0
• Schools +4.5/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +0.3/10.0
• DSCR +0.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Come and see this adorable 3-bedroom, 2-bathroom home in Clyde, NC with mountain views, privacy, and a 30-minute commute to Asheville. This home would provide an exceptional living experience for those looking for both comfort and practicality. The finished basement would offer additional living space, including a murphy bed, making it an ideal option for entertaining or hosting guests. This additional space could also be used as a recreational area, home office, or gym, providing plenty of versatility. You could enjoy stunning views of the surrounding mountains, watch the changing seasons, and take in the natural beauty of the area from the comfort of your own home. Make an appointment to see this fantastic home today!!

Key facts

• 0.81 acre lot
• 2 garage spots
• Built 1997

Property features AI

Finance

• HOA & community: Has HOA (optional)

Exterior

• Parking: Attached garage; 2-car garage; Basement-level garage access
• Utilities: City water; Public sewer
• Home design: Residential single-family home; Off-frame modular construction; Vinyl exterior; One level
• Construction: Off-frame modular construction; Vinyl siding; Basement foundation
• Exterior features: Deck; Rolling slope lot; Wooded lot; Asphalt-paved road access; Private maintained road

Interior

• Kitchen: Other appliances included
• Bedrooms: 3 bedrooms on the main level
• Bathrooms: 2 full bathrooms on the main level
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: 8 total rooms; Partially finished basement; Basement storage space; Basement with interior and exterior entry; Basement garage door; Has fireplace
• Laundry & utility: Laundry in basement

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $367k.

Deal economics

• At list price, monthly cash flow is $-720 ($-9k/yr) — negative.
• To cash-flow at today's rent, offer at most $240k (34.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $195k (46.9% below list).
• Recommended offer: $195k (46.9% below list) — sets the bar for 1% rule.
• Cap rate 3.9% vs local median 2.3% in Lake Junaluska — 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 71/100 on livability (#110 in NC) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, cost of living A-; Watch: amenities F, commute F.
• Haywood County Schools (suburban): math 55% / reading 53% proficiency, ranked #50 of 178 in NC (top 28%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Clyde Elementary (math 50% / reading 45%, grade D, #490 of 1,410 statewide, top 35%, 526 students, 99% FRL); Pisgah High (math 57% / reading 62%, grade C+, #216 of 535 statewide, top 43%, 927 students, 55% FRL) — zoned schools average 77% FRL vs 49% district-wide (29 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 160 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 537 units permitted in Haywood County in 2024 (150 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $11k of value loss. Plan a longer hold.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 12y ago 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.

Recommended offer $195,000 (46.9% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. 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?
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: 0.53% ✗
• Cap rate: 3.94%
• Cash-on-cash: -8.40%
• DSCR: 0.63
• GRM: 15.7

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: -31.2%
• Equity multiple: -0.03×
• Total profit: $-105,449
• Equity at exit: $54,721

10-year hold

• IRR: -34.8%
• Equity multiple: -0.47×
• Total profit: $-151,418
• Equity at exit: $31,731

Cash invested: $102,760 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 85 Strongly Landlord-Friendly
• State North Carolina: 85 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

10-day notice; preempted; landlord-favorable but court speed varies.

Methodology + full state rankings →

ZIP-level market 28721

• Home prices YoY: -20.8%
• Active inventory: 160
• Price-to-rent: 15.7×

Monthly cashflow live

• Estimated rent: $1,950 medium
• Mortgage (P&I): −$1,925
• Tax from tax record: −$183 /mo · $2,192/yr
• Insurance: −$153
• HOA: −$0
• Vacancy / Maint / Mgmt: −$410
• Net cashflow: $-720

Break-even live

Break-even rent $2,861

Max offer price $239,860

Occupancy floor —

Sensitivity live

Price	-10% $-512	-5% $-616	+0% $-720	+5% $-824	+10% $-927
Rent	-10% $-874	-5% $-797	+0% $-720	+5% $-643	+10% $-566
Rate	-1.0pp $-535	-0.5pp $-626	base $-720	+0.5pp $-815	+1.0pp $-912

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: $91,750
• Closing costs: $11,010
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1465 S Lakeshore Dr Unit E2 Lake Junaluska, NC	2.0	2.0	1615	$1,950	$1.21	24d	1	1.36mi

Listing history 11 events

1. 2026-06-18
   days on market $367,000 Active 13 DOM
2. 2026-06-17
   days on market $367,000 Active 12 DOM
3. 2026-06-16
   days on market $367,000 Active 11 DOM
4. 2026-06-15
   days on market $367,000 Active 10 DOM
5. 2026-06-14
   days on market $367,000 Active 8 DOM
6. 2026-06-13
   days on market $367,000 Active 7 DOM
7. 2026-06-10
   days on market $367,000 Active 5 DOM
8. 2026-06-09
   days on market $367,000 Active 4 DOM
9. 2026-06-08
   days on market $367,000 Active 3 DOM
10. 2026-06-07
    remarks 268-char remark
11. 2026-06-07
    listed $367,000 Active 2 DOM

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

Tax reassessment forecast NC · Resets to sale price

• Current annual tax: $2,192 · $183/mo
• Projected year-2 tax: $3,009 · $251/mo
• Expected delta: +$817/yr (+$68/mo · 37.3%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥94°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,400
• − Mortgage interest: −$20,558
• − Property taxes: −$2,192
• − Insurance: −$1,835
• − Repairs & maintenance: −$1,872
• − Management: −$1,872
• − Depreciation: −$10,676
• Taxable loss: −$15,606
• Est. tax savings @ 24.0%: +$3,745
• After-tax cash flow: $-4,891/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: Haywood County Schools
• NCES district ID: 3702040
• Math proficiency: 55% ▲ 7.00%
• Reading proficiency: 53% ▲ 2.00%
• Median HH income: $42,715
• Composite: 45.42/100
• National rank: #2623
• State rank: #50 of 178 in NC

Livability — Lake Junaluska

• Score: 71/100
• State rank: #110
• US rank: #6967

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 555
• Population (ZIP): 10,561

Population outlook (Haywood County) Hauer SSP2

• Today (2025): 61,607 people
• By 2030: 62,137 · +0.9%
• By 2040: 62,418 · +1.3%
• By 2050: 61,578 · +-0.0%
• By 2075: 59,137 · -4.0%
• By 2100: 53,470 · -13.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Hispanic / Latino 8% Two or more races 7%
• Hispanic origin (detail): Mexican 4% Cuban 2%
• Common ancestry: Serbian 5% Slovak 2% Lithuanian 2%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 3%

Political lean MEDSL · Haywood

• 2024 margin: Strong R (+25.1) · D 36.9% · R 62.0% · Other 1.1%
• 2008→2024 swing: -17.4pp toward R · 2008: -7.8pp · 2024: -25.1pp
• All cycles: 2024: R+25.1 2020: R+26.5 2016: R+28.0 2012: R+13.8 2008: R+7.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -52.90%
• Current HPI: 201.525
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 3.28%
• F500 in state: 26

Industry mix (Fortune 500 HQ in NC)

Industry	F500 HQs	Revenue
▸Financial Services	2	$213B
▸Retail	2	$95B
▸Industrial Conglomerate	1	$38B
▸Metals / Steel	1	$35B
▸Utilities	1	$30B
▸Industrial Machinery	1	$19B

Price history

+136.8% since first listed

21 events — show timeline

• 2026-06-05 Listed $367,000 CANOPYMLS as Distributed by MLS Grid
• 2024-12-04 Price Changed $450,000 CANOPYMLS as Distributed by MLS Grid
• 2024-11-12 Listed $465,000 CANOPYMLS as Distributed by MLS Grid
• 2023-06-22 Sold (MLS) $425,000 CANOPYMLS as Distributed by MLS Grid
• 2023-05-20 Contingent — CANOPYMLS as Distributed by MLS Grid
• 2023-05-17 Price Changed $429,000 CANOPYMLS as Distributed by MLS Grid
• 2023-05-03 Listed $439,000 CANOPYMLS as Distributed by MLS Grid
• 2021-03-03 Sold (MLS) $359,000 CANOPYMLS as Distributed by MLS Grid
• 2021-01-28 Pending — CANOPYMLS as Distributed by MLS Grid
• 2021-01-18 Contingent — CANOPYMLS as Distributed by MLS Grid
• 2021-01-06 Listed $359,000 CANOPYMLS as Distributed by MLS Grid
• 2016-07-11 Price Changed $240,000 NCMMLS
• 2016-07-08 Sold (MLS) $240,000 NCMMLS
• 2016-07-08 Sold (MLS) $240,000 CANOPYMLS as Distributed by MLS Grid
• 2016-06-17 Delisted — NCMMLS
• 2016-05-12 Contingent — NCMMLS
• 2016-05-12 Delisted — CANOPYMLS as Distributed by MLS Grid
• 2015-11-18 Listed $249,000 NCMMLS
• 2014-11-24 Listed $249,000 CANOPYMLS as Distributed by MLS Grid
• 2008-03-19 Sold (Public Records) $240,000 Public Records
• 2002-05-16 Sold (Public Records) $155,000 Public Records

Property tax history

+3.7%/yr

Latest (2025): $2,192 · +1.1% YoY. Source: county tax records.