300 6th Ave W · Lexington, NC 27292

$135,000

3 bd · 2.0 ba · 1,144 sqft · SingleFamily public records · 34 Days on market

Built 2006 9,147 sqft lot Est $180k · 25% under

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Why this score? — see what drove the C- 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 +17.6/30.0
• ARV discount +15.0/15.0
• DSCR +5.5/10.0
• 1% rule +4.2/10.0
• Livability +3.6/5.0
• Rent growth +2.8/5.0
• Schools +2.8/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

381-803157(IE$2,200)HUD OWNED.AS IS W/O repairs or warranties. HUDHOMESTORE websites for Property Condition Report, environmental concerns, if any, online bidding, and required contract and addenda. Registered HUD brokers only. All info believed accurate, but should be verified by buyer. FHA borrowers may qualify for $100 down payment.FOR LOCKBOX&SHOWING INFORMATION PLEASE CONTACT LISTING BOOK.THIS IS AN EQUAL HOUSING OPPORTUNITY PROPERTY

Key facts

• 9,147 sq ft lot
• Built 2006
• Listed 34 days

Property features AI

Finance

• HOA & community: No association

Exterior

• Parking: Driveway
• Utilities: Public sewer; Electric water heater
• Home design: Residential stick/site-built house; One story; Built in 2006; Existing structure
• Construction: Vinyl siding; Crawl space foundation
• Exterior features: Private maintained road; Lot approximately 0.21 acres; Public water

Interior

• Kitchen: Electric water heater
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air conditioning; Forced air heating (electric)
• Interior features: Primary bedroom on the main level

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $107 ($1k/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 $124k (8.1% below list).
• Recommended offer: $124k (8.1% below list) — sets the bar for 1% rule.
• Cap rate 7.2% vs local median 3.5% in Lexington — 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 72/100 on livability (#89 in NC) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, health & safety A+; Watch: schools D, crime F, amenities D-.
• Lexington City Schools (suburban): math 32% / reading 38% proficiency, ranked #136 of 178 in NC (top 76%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 78% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+1.4%/yr); 400 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 990 units permitted in Davidson County in 2024 (54 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Davidson County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 34 days — a 3% lower offer ($131k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 13y ago; this cycle's ask has dropped $15k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $90k; list at $135k implies a 50% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $124,064 (8.1% below list)

Questions for the listing agent

1. It's been on market 34 days. Have you received any prior offers? Is the seller open to a 8% concession, seller financing, or rate buy-down credit?
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. Crime grade is F 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?
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: 0.92% ✗
• Cap rate: 7.24%
• Cash-on-cash: 3.39%
• DSCR: 1.15
• GRM: 9.1

CMA / ARV

• ARV (on-the-fly): $179,608
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
615 Westside Dr	0.12mi	3/1.0	1,084 (-5%)	7mo	$151,900	$140	76
408 W 4th Ave	0.22mi	3/1.0	1,117 (-2%)	10mo	$185,000	$166	74
827 Ford St	0.28mi	3/1.5	1,252 (+9%)	6mo	$167,000	$133	64
997 Robbins Cir	0.43mi	3/2.0	1,254 (+10%)	0mo	$170,000	$136	64
706 Ford St	0.13mi	3/1.0	1,026 (-10%)	12mo	$110,000	$107	63
608 Carver Dr	0.54mi	3/1.0	1,064 (-7%)	0mo	$195,000	$183	59
509 W 2nd Ave	0.42mi	3/2.5	1,220 (+7%)	10mo	$240,000	$197	59
13 Pickard Cir	0.52mi	3/2.0	1,262 (+10%)	2mo	$217,000	$172	57
101 Booker Ave	0.57mi	3/2.0	1,246 (+9%)	4mo	$195,000	$157	55
319 Burler St	0.50mi	3/1.0	1,080 (-6%)	11mo	$212,000	$196	54
304 Salem St	0.63mi	3/1.0	1,240 (+8%)	6mo	$90,000	$73	48
634 Lake St	0.66mi	3/2.0	1,296 (+13%)	10mo	$164,000	$127	39

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 · 1.37% rent growth · sell at horizon

5-year hold

• IRR: -12.7%
• Equity multiple: 0.55×
• Total profit: $-17,085
• Equity at exit: $20,129

10-year hold

• IRR: -6.2%
• Equity multiple: 0.63×
• Total profit: $-14,131
• Equity at exit: $11,672

Cash invested: $37,800 (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 27292

• Home prices YoY: -22.1%
• Rents YoY: 1.4%
• Active inventory: 400
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $1,241 high
• Mortgage (P&I): −$708
• Tax from tax record: −$109 /mo · $1,308/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$261
• Net cashflow: $107

Break-even live

Break-even rent $1,105

Max offer price $135,000

Occupancy floor 86%

Sensitivity live

Price	-10% $183	-5% $145	+0% $107	+5% $69	+10% $31
Rent	-10% $9	-5% $58	+0% $107	+5% $156	+10% $205
Rate	-1.0pp $175	-0.5pp $141	base $107	+0.5pp $72	+1.0pp $36

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9 Robbins Cir Lexington, NC	2.0	1.0	800	$1,150	$1.44	14d	1	0.47mi
420 Salem St Unit H Lexington, NC	2.0	1.5	1100	$875	$0.80	19d	1	0.79mi
110 Ridge Mill Cir Unit 517 Lexington, NC	2.0	2.0	864	$1,225	$1.42	24d	1	0.98mi
519 Leonford St Lexington, NC	2.0	1.0	867	$1,000	$1.15	24d	1	1.07mi
301 Williamson St Unit B Lexington, NC	2.0	1.0	896	$1,000	$1.12	24d	1	1.14mi
812 Fairview Dr Apt 200D Lexington, NC	2.0	1.5	976	$1,249	$1.28	21d	1	1.22mi
812 Fairview Dr Apt 450A Lexington, NC	2.0	1.5	976	$1,450	$1.49	24d	1	1.22mi
500 Rylee Ln Lexington, NC	3.0	2.0	1200	$1,550	$1.29	14d	1	1.37mi
6 London Ct Lexington, NC	1.0–4.0	1.0–1.5	875	$1,457	$1.66	14d	1	1.44mi
175 Young Dr Lexington, NC	2.0	1.0	800	$900	$1.12	14d	1	1.47mi
1115 Thomason St Unit D Lexington, NC	2.0	1.0	850	$1,100	$1.29	24d	1	1.49mi
1115 Thomason St Unit C Lexington, NC	2.0	1.0	850	$1,200	$1.41	14d	1	1.49mi

Listing history 8 events

1. 2026-05-02
   status Pending
2. 2026-04-21
   historical Due Diligence Period
3. 2026-04-11
   price $135,000
4. 2026-03-26
   listed $150,000 Active
5. 2025-10-23
   soldstatus $90,000
6. 2013-08-15
   soldstatus $45,025 446-char remark

   Show marketing remark (446 chars)

   381-803157(IE$2,200)HUD OWNED.AS IS W/O repairs or warranties. HUDHOMESTORE websites for Property Condition Report, environmental concerns, if any, online bidding, and required contract and addenda. Registered HUD brokers only. All info believed accurate, but should be verified by buyer. FHA borrowers may qualify for $100 down payment.FOR LOCKBOX&SHOWING INFORMATION PLEASE CONTACT LISTING BOOK.THIS IS AN EQUAL HOUSING OPPORTUNITY PROPERTY

7. 2013-02-05
   listed $45,000 446-char remark

   Show marketing remark (446 chars)

   381-803157(IE$2,200)HUD OWNED.AS IS W/O repairs or warranties. HUDHOMESTORE websites for Property Condition Report, environmental concerns, if any, online bidding, and required contract and addenda. Registered HUD brokers only. All info believed accurate, but should be verified by buyer. FHA borrowers may qualify for $100 down payment.FOR LOCKBOX&SHOWING INFORMATION PLEASE CONTACT LISTING BOOK.THIS IS AN EQUAL HOUSING OPPORTUNITY PROPERTY

8. 2004-10-01
   soldstatus $7,500

ⓘ 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: $1,308 · $109/mo
• Projected year-2 tax: $1,308 · $109/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥104°F today · 17 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 13% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,888
• − Mortgage interest: −$7,562
• − Property taxes: −$1,308
• − Insurance: −$675
• − Repairs & maintenance: −$1,191
• − Management: −$1,191
• − Depreciation: −$3,927
• Taxable loss: −$966
• Est. tax savings @ 24.0%: +$232
• After-tax cash flow: $1,515/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: Lexington City Schools
• NCES district ID: 3702640
• Math proficiency: 32% ▲ 3.00%
• Reading proficiency: 38% ▲ 6.00%
• Median HH income: $27,758
• Composite: 28.2/100
• National rank: #6807
• State rank: #136 of 178 in NC

Livability — Lexington

• Score: 72/100
• State rank: #89
• US rank: #6051

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lexington, NC
• County: Davidson County · 129,088 people
• City population: 79,578
• Metro: Winston-Salem, NC
• Population (ZIP): 40,311
• Household income: $57,264
• Rent vs Own: 29.8% rent · 70.2% own
• Severe rent burden: 1001.0

Population outlook (Davidson County) Hauer SSP2

• Today (2025): 167,156 people
• By 2030: 167,216 · +0.0%
• By 2040: 164,524 · -1.6%
• By 2050: 157,229 · -5.9%
• By 2075: 138,084 · -17.4%
• By 2100: 112,729 · -32.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Black 13% Two or more races 9% Hispanic / Latino 9% Asian 2%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Romanian 1% Slovak 1% Serbian 1%
• Foreign-born: 5% · Canada, Vietnam
• Languages at home: 91% English-only · Spanish 8%

Political lean MEDSL · Davidson

• 2024 margin: Solid R (+47.1) · D 25.9% · R 73.0% · Other 1.1%
• 2008→2024 swing: -13.5pp toward R · 2008: -33.5pp · 2024: -47.1pp
• All cycles: 2024: R+47.1 2020: R+47.5 2016: R+49.4 2012: R+40.9 2008: R+33.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -75.79%
• Current HPI: 267.074
• Rent YoY: ▲ 1.37%
• Metro: Winston-Salem, NC
• 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

+1700.0% since first listed

8 events — show timeline

• 2026-05-02 Pending — Triad MLS
• 2026-04-21 Contingent — Triad MLS
• 2026-04-11 Price Changed $135,000 Triad MLS
• 2026-03-26 Listed $150,000 Triad MLS
• 2025-10-23 Sold (Public Records) $90,000 Public Records
• 2013-08-15 Sold (MLS) $45,025 Triad MLS
• 2013-02-05 Listed $45,000 Triad MLS
• 2004-10-01 Sold (Public Records) $7,500 Public Records

Property tax history

+1.3%/yr

Latest (2025): $1,308 · +0.0% YoY. Source: county tax records.