3729 Bryan Hardy Rd · La Grange, NC 28551

$245,000

3 bd · 2.0 ba · 1,890 sqft · Other public records · 30 Days on market

Built 2022 1.97 ac lot ↓ 6% since listing

---

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 +11.5/30.0
• ARV discount +7.5/15.0
• DSCR +3.4/10.0
• Livability +3.3/5.0
• 1% rule +2.5/10.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to this newly constructed single family home located at 3729 Bryan Hardy Road in La Grange, NC. Built in 2022, this modern and stylish home boasts a total of 2 bathrooms, with no half bathrooms, and a spacious finished area of 1,886 square feet. The lot size of this property is 1.97 acres, offering plenty of outdoor space for relaxation and entertainment. This charming home features a well-designed floor plan that includes an inviting living room with open floor plan. Opens right into the kitchen with plenty of counter and storage space. The bedrooms are spacious and offer ample closet space for storage. Conveniently located between Kinston and Goldsboro. Only 24 min drive to Seymou

Key facts

• Newly constructed
• Open floor plan
• Ample closet space

Tags

• NEWLY CONSTRUCTED
• WELL-DESIGNED FLOOR PLAN
• INVITING LIVING ROOM
• OPEN FLOOR PLAN
• PLENTY OF COUNTER SPACE
• AMPLE CLOSET SPACE

Property features AI

Exterior

• Parking: On-site parking
• Utilities: Public water; Water connected; Private sewer
• Home design: Manufactured home; Single-story / One level; Entry level: 1
• Construction: Vinyl siding with frame construction; Composition roof; Permanent foundation; Built as a manufactured home
• Exterior features: Deck; Porch; Shed(s); Has a view; Partial fencing with wire, chain link and wood in the backyard

Interior

• Kitchen: Self-cleaning oven; Refrigerator; Ice maker; Dishwasher; Microwave; Kitchen island
• Bedrooms: Master downstairs
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms; Accessible full bathroom
• Heating & cooling: Central air; Electric heating; Heat pump
• Interior features: Master suite on the main level; Walk-in closet(s); Kitchen island; Ceiling fan(s); Unfurnished
• Laundry & utility: Washer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath other listed at $245k.

Deal economics

• At list price, monthly cash flow is $-80 ($-959/yr) — negative.
• To cash-flow at today's rent, offer at most $231k (5.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $185k (24.5% below list).
• Recommended offer: $185k (24.5% below list) — sets the bar for 1% rule.
• Cap rate 5.9% vs local median 4.3% in La Grange — 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 66/100 on livability (#278 in NC) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Lenoir County Public Schools (rural): math 29% / reading 32% proficiency, ranked #147 of 178 in NC (top 83%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 65% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: La Grange Elementary (math 32% / reading 32%, grade F, #908 of 1,410 statewide, top 67%, 498 students, 99% FRL); E B Frink Middle (math 35% / reading 35%, grade F, #286 of 475 statewide, top 61%, 540 students, 99% FRL); North Lenoir High (math 52% / reading 36%, grade F, #367 of 535 statewide, top 69%, 975 students, 100% FRL) — zoned schools average 100% FRL vs 65% district-wide (35 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 86 active listings in the ZIP; 148 units permitted in Lenoir County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Lenoir County population projected at -18% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 30 days — a 2% lower offer ($241k) is reasonable based on typical stale-listing flexibility.
• 3 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.

Recommended offer $184,885 (24.5% 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 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?
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: 0.75% ✗
• Cap rate: 5.90%
• Cash-on-cash: -1.40%
• DSCR: 0.94
• GRM: 11.0

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: -18.6%
• Equity multiple: 0.35×
• Total profit: $-44,854
• Equity at exit: $36,530

10-year hold

• IRR: -11.1%
• Equity multiple: 0.33×
• Total profit: $-45,878
• Equity at exit: $21,183

Cash invested: $68,600 (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 28551

• Home prices YoY: -16.2%
• Active inventory: 86
• Price-to-rent: 11.0×

Monthly cashflow live

• Estimated rent: $1,849 medium
• Mortgage (P&I): −$1,285
• Tax from tax record: −$154 /mo · $1,843/yr
• Insurance: −$102
• HOA: −$0
• Vacancy / Maint / Mgmt: −$388
• Net cashflow: $-80

Break-even live

Break-even rent $1,950

Max offer price $230,888

Occupancy floor 99%

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: $61,250
• Closing costs: $7,350
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-19
   days on market $245,000 Active 30 DOM
2. 2026-06-18
   days on market $245,000 Active 29 DOM
3. 2026-06-17
   days on market $245,000 Active 28 DOM
4. 2026-06-16
   days on market $245,000 Active 27 DOM
5. 2026-06-15
   days on market $245,000 Active 26 DOM
6. 2026-06-14
   days on market $245,000 Active 24 DOM
7. 2026-06-12
   days on market $245,000 Active 23 DOM
8. 2026-06-09
   days on market $245,000 Active 20 DOM
9. 2026-06-08
   days on market $245,000 Active 19 DOM
10. 2026-06-07
    days on market $245,000 Active 18 DOM
11. 2026-06-07
    days on market $245,000 Active 17 DOM
12. 2026-06-04
    days on market $245,000 Active 14 DOM
13. 2026-06-02
    days on market $245,000 Active 13 DOM
14. 2026-06-01
    days on market $245,000 Active 12 DOM
15. 2026-05-31
    days on market $245,000 Active 11 DOM
16. 2026-05-31
    days on market $245,000 Active 10 DOM
17. 2026-05-20
    listed $245,000 Active
18. 2026-05-08
    historical
19. 2026-05-01
    status Active
20. 2026-04-30
    historical
21. 2025-11-29
    price $255,000
22. 2025-11-01
    listed $260,000 Active

ⓘ 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: $1,843 · $154/mo
• Projected year-2 tax: $2,009 · $167/mo
• Expected delta: +$166/yr (+$14/mo · 9.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $22,186
• − Mortgage interest: −$13,724
• − Property taxes: −$1,843
• − Insurance: −$1,225
• − Repairs & maintenance: −$1,775
• − Management: −$1,775
• − Depreciation: −$7,127
• Taxable loss: −$5,283
• Est. tax savings @ 24.0%: +$1,268
• After-tax cash flow: $309/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: Lenoir County Public Schools
• NCES district ID: 3702610
• Math proficiency: 29% ▲ 1.00%
• Reading proficiency: 32% ▼ -4.00%
• Median HH income: $34,958
• Composite: 25.17/100
• National rank: #7515
• State rank: #147 of 178 in NC

Livability — La Grange

• Score: 66/100
• State rank: #278
• US rank: #12047

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 13,264

Population outlook (Lenoir County) Hauer SSP2

• Today (2025): 55,002 people
• By 2030: 53,048 · -3.6%
• By 2040: 49,041 · -10.8%
• By 2050: 45,136 · -17.9%
• By 2075: 36,547 · -33.6%
• By 2100: 27,731 · -49.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: White 56% Black 21% Hispanic / Latino 16% Two or more races 8%
• Hispanic origin (detail): Mexican 14%
• Common ancestry: Slovak 1% Portuguese 1% Slovene 1%
• Foreign-born: 5% · Canada
• Languages at home: 87% English-only · Spanish 12%

Political lean MEDSL · Lenoir

• 2024 margin: Lean R (+6.8) · D 46.2% · R 53.0%
• 2008→2024 swing: -6.7pp toward R · 2008: -0.1pp · 2024: -6.8pp
• All cycles: 2024: R+6.8 2020: R+3.5 2016: R+6.3 2012: R+1.5 2008: R+0.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -41.90%
• Current HPI: 216.483
• 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

-5.8% since first listed

6 events — show timeline

• 2026-05-20 Listed $245,000 Hive MLS
• 2026-05-08 Listing Removed — Hive MLS
• 2026-05-01 Relisted — Hive MLS
• 2026-04-30 Listing Removed — Hive MLS
• 2025-11-29 Price Changed $255,000 Hive MLS
• 2025-11-01 Listed $260,000 Hive MLS

Property tax history

+110.6%/yr

Latest (2025): $1,843 · +110.6% YoY. Source: county tax records.