1832 Blandwood Dr · Rocky Mount, NC 27801

$167,000

3 bd · 1.5 ba · 1,200 sqft · SingleFamily public records · 101 Days on market

Built 1965 0.35 ac lot Est $118k · 42% over

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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).

• Cash flow +15.3/30.0
• DSCR +4.7/10.0
• 1% rule +3.5/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

CHARMING, UPDATED BRICK RANCH AT AN AFFORDABLE PRICE! This beautifully refreshed all-brick ranch offers 3 bedrooms, 1.5 baths, and 1,203 square feet, nestled on a spacious . 35-acre lot. The price make it a smart choice for investors or first-time buyers looking for an affordable move-in-ready home. Step inside to find stylish LVP hardwood-style flooring throughout, updated bathroom vanities, and a bright kitchen with updated white cabinets, granite-inspired countertops, and a window over the stainless steel double basin sink that overlooks the fenced backyard. Enjoy outdoor living on the large concrete patio--perfect for entertaining--and take advantage of the included storage shed. Private showings available Thursday through Sunday with 24-hour notice. Conveniently located for an easy commute to Nash & Wilson Counties and Raleigh.

Key facts

• Bright kitchen
• Large concrete patio
• Fenced backyard

Tags

• UPDATED BATHROOM VANITIES
• BRIGHT KITCHEN
• GRANITE INSPIRED COUNTERTOPS
• FENCED BACKYARD
• LARGE CONCRETE PATIO
• INCLUDED STORAGE SHED

Property features AI

Finance

• HOA & community: No association

Exterior

• Parking: Attached carport (1 space); Open parking / driveway (2 spaces); Total 3 parking spaces
• Utilities: Public water; Public sewer
• Home design: One-story site-built house; Faces east
• Construction: Brick veneer exterior; Shingle roof; Brick/mortar foundation; Built as a site-built house
• Exterior features: Patio; Fenced backyard; Back yard fencing; Shed(s)

Interior

• Kitchen: Electric range; Microwave
• Bedrooms: 3 bedrooms (all on the main level)
• Flooring: Luxury vinyl
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating (forced air); Central air conditioning
• Interior features: Updated/remodeled condition; Luxury vinyl flooring; Crawl space basement; Patio; Fenced backyard; Shed(s) on property; Grassed yard
• Laundry & utility: Main level laundry; Exterior/outside laundry access

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $167k.

Deal economics

• At list price, monthly cash flow is $62 ($743/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 $142k (14.8% below list).
• Recommended offer: $142k (14.8% below list) — sets the bar for 1% rule.
• Cap rate 6.7% vs local median 4.5% in Rocky Mount — 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 70/100 on livability (#134 in NC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools F, crime F, amenities F.
• Edgecombe County Public Schools (rural): math 21% / reading 27% proficiency, ranked #163 of 178 in NC (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 74% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 133 active listings in the ZIP; lower-income renter base — watch delinquency; 50 units permitted in Edgecombe County in 2024 (5 in 5+ unit buildings).
• This rent runs 38% of the median local income ($45k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Edgecombe County population projected at -34% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 101 days — a 9% lower offer ($152k) is reasonable based on typical stale-listing flexibility.
• 14 sale attempts since 15y 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.
• Current owner paid $130k; 28% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 68% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $142,327 (14.8% below list)

Questions for the listing agent

1. It's been on market 101 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
2. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.85% ✗
• Cap rate: 6.74%
• Cash-on-cash: 1.59%
• DSCR: 1.07
• GRM: 9.8

CMA / ARV

• ARV (on-the-fly): $117,600
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1133 Brownview Dr	0.18mi	3/1.5	1,228 (+2%)	14mo	$174,900	$142	76
929 Tyan St	0.24mi	3/2.0	1,187 (-1%)	10mo	$90,000	$76	76
805 Tyan St	0.33mi	3/1.0	1,163 (-3%)	13mo	$65,000	$56	66
801 Lincoln Dr	0.46mi	3/2.0	1,251 (+4%)	5mo	$170,000	$136	66
1157 S Cambridge Cir	0.24mi	3/1.5	1,308 (+9%)	12mo	$115,000	$88	64
1104 Johnson St	0.26mi	4/1.5 (+1)	1,076 (-10%)	9mo	$60,000	$56	58
540 Lincoln Dr	0.44mi	3/2.0	1,067 (-11%)	9mo	$128,000	$120	52
1317 Proctor St	0.56mi	3/1.5	1,107 (-8%)	11mo	$140,000	$126	52
901 Daughtridge St	0.40mi	3/1.0	1,346 (+12%)	11mo	$40,000	$30	50
1525 Hargrove St	0.41mi	3/1.0	1,020 (-15%)	11mo	$100,000	$98	44
1214 Cypress St	0.59mi	3/1.5	1,064 (-11%)	13mo	$133,000	$125	43
1210 Cypress St	0.60mi	3/1.0	1,380 (+15%)	13mo	$80,000	$58	35

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -13.8%
• Equity multiple: 0.50×
• Total profit: $-23,152
• Equity at exit: $24,900

10-year hold

• IRR: -5.0%
• Equity multiple: 0.67×
• Total profit: $-15,224
• Equity at exit: $14,439

Cash invested: $46,760 (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 27801

• Home prices YoY: -5.6%
• Active inventory: 133
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $1,423 medium
• Mortgage (P&I): −$876
• Tax from tax record: −$117 /mo · $1,405/yr
• Insurance: −$70
• HOA: −$0
• Vacancy / Maint / Mgmt: −$299
• Net cashflow: $62

Break-even live

Break-even rent $1,345

Max offer price $167,000

Occupancy floor 91%

Sensitivity live

Price	-10% $156	-5% $109	+0% $62	+5% $15	+10% $-33
Rent	-10% $-51	-5% $6	+0% $62	+5% $118	+10% $174
Rate	-1.0pp $146	-0.5pp $104	base $62	+0.5pp $19	+1.0pp $-25

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: $41,750
• Closing costs: $5,010
• Reserves months: —
• Total cash needed: —

Listing history 50 events

1. 2026-06-19
   days on market $167,000 Active 101 DOM
2. 2026-06-18
   days on market $167,000 Active 100 DOM
3. 2026-06-17
   days on market $167,000 Active 99 DOM
4. 2026-06-16
   days on market $167,000 Active 98 DOM
5. 2026-06-15
   days on market $167,000 Active 97 DOM
6. 2026-06-14
   days on market $167,000 Active 95 DOM
7. 2026-06-13
   days on market $167,000 Active 94 DOM
8. 2026-06-10
   days on market $167,000 Active 92 DOM
9. 2026-06-09
   days on market $167,000 Active 91 DOM
10. 2026-06-08
    days on market $167,000 Active 90 DOM
11. 2026-06-07
    days on market $167,000 Active 89 DOM
12. 2026-06-05
    days on market $167,000 Active 86 DOM
13. 2026-06-02
    days on market $167,000 Active 84 DOM
14. 2026-06-01
    days on market $167,000 Active 83 DOM
15. 2026-05-31
    days on market $167,000 Active 82 DOM
16. 2026-05-30
    days on market $167,000 Active 81 DOM
17. 2026-05-12
    price $167,000 850-char remark

    Show marketing remark (850 chars)

    CHARMING, UPDATED BRICK RANCH AT AN AFFORDABLE PRICE! This beautifully refreshed all-brick ranch offers 3 bedrooms, 1.5 baths, and 1,203 square feet, nestled on a spacious . 35-acre lot. The price make it a smart choice for investors or first-time buyers looking for an affordable move-in-ready home. Step inside to find stylish LVP hardwood-style flooring throughout, updated bathroom vanities, and a bright kitchen with updated white cabinets, granite-inspired countertops, and a window over the stainless steel double basin sink that overlooks the fenced backyard. Enjoy outdoor living on the large concrete patio--perfect for entertaining--and take advantage of the included storage shed. Private showings available Thursday through Sunday with 24-hour notice. Conveniently located for an easy commute to Nash & Wilson Counties and Raleigh.

18. 2026-05-12
    price $167,000

    Show marketing remark (850 chars)

    CHARMING, UPDATED BRICK RANCH AT AN AFFORDABLE PRICE! This beautifully refreshed all-brick ranch offers 3 bedrooms, 1.5 baths, and 1,203 square feet, nestled on a spacious . 35-acre lot. The price make it a smart choice for investors or first-time buyers looking for an affordable move-in-ready home. Step inside to find stylish LVP hardwood-style flooring throughout, updated bathroom vanities, and a bright kitchen with updated white cabinets, granite-inspired countertops, and a window over the stainless steel double basin sink that overlooks the fenced backyard. Enjoy outdoor living on the large concrete patio--perfect for entertaining--and take advantage of the included storage shed. Private showings available Thursday through Sunday with 24-hour notice. Conveniently located for an easy commute to Nash & Wilson Counties and Raleigh.

19. 2026-03-10
    listed $175,000 Active 850-char remark

    Show marketing remark (850 chars)

    CHARMING, UPDATED BRICK RANCH AT AN AFFORDABLE PRICE! This beautifully refreshed all-brick ranch offers 3 bedrooms, 1.5 baths, and 1,203 square feet, nestled on a spacious . 35-acre lot. The price make it a smart choice for investors or first-time buyers looking for an affordable move-in-ready home. Step inside to find stylish LVP hardwood-style flooring throughout, updated bathroom vanities, and a bright kitchen with updated white cabinets, granite-inspired countertops, and a window over the stainless steel double basin sink that overlooks the fenced backyard. Enjoy outdoor living on the large concrete patio--perfect for entertaining--and take advantage of the included storage shed. Private showings available Thursday through Sunday with 24-hour notice. Conveniently located for an easy commute to Nash & Wilson Counties and Raleigh.

20. 2026-03-10
    listed $175,000 Active

    Show marketing remark (850 chars)

    CHARMING, UPDATED BRICK RANCH AT AN AFFORDABLE PRICE! This beautifully refreshed all-brick ranch offers 3 bedrooms, 1.5 baths, and 1,203 square feet, nestled on a spacious . 35-acre lot. The price make it a smart choice for investors or first-time buyers looking for an affordable move-in-ready home. Step inside to find stylish LVP hardwood-style flooring throughout, updated bathroom vanities, and a bright kitchen with updated white cabinets, granite-inspired countertops, and a window over the stainless steel double basin sink that overlooks the fenced backyard. Enjoy outdoor living on the large concrete patio--perfect for entertaining--and take advantage of the included storage shed. Private showings available Thursday through Sunday with 24-hour notice. Conveniently located for an easy commute to Nash & Wilson Counties and Raleigh.

21. 2025-12-31
    historical
22. 2025-10-15
    historical
23. 2025-07-07
    price $175,000
24. 2025-07-07
    price $175,000
25. 2025-06-10
    listed $185,000 Active
26. 2025-06-10
    listed $185,000 Active
27. 2025-02-23
    historical
28. 2024-11-23
    price $167,900
29. 2024-09-20
    price $169,900
30. 2024-09-02
    listed $172,000 Active
31. 2024-07-22
    historical
32. 2024-07-02
    price $150,000
33. 2024-06-24
    price $156,000
34. 2024-05-20
    price $157,500
35. 2024-04-06
    listed $160,000 Active
36. 2024-04-02
    historical
37. 2024-03-02
    price $160,000
38. 2024-02-09
    price $162,500
39. 2024-01-03
    price $162,900
40. 2023-12-01
    historical
41. 2023-11-28
    listed $165,000 Active
42. 2023-11-22
    listed $165,000 Active
43. 2023-11-22
    historical
44. 2023-10-13
    historical
45. 2023-09-19
    price $165,900
46. 2023-08-24
    price $170,000
47. 2023-08-15
    price $175,000
48. 2023-07-31
    price $176,000
49. 2023-07-09
    price $178,000
50. 2023-05-15
    listed $180,000 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: $1,405 · $117/mo
• Projected year-2 tax: $1,405 · $117/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 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 68% 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: $17,079
• − Mortgage interest: −$9,355
• − Property taxes: −$1,405
• − Insurance: −$835
• − Repairs & maintenance: −$1,366
• − Management: −$1,366
• − Depreciation: −$4,858
• Taxable loss: −$2,107
• Est. tax savings @ 24.0%: +$506
• After-tax cash flow: $1,249/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: Edgecombe County Public Schools
• NCES district ID: 3701320
• Math proficiency: 21% ▼ -2.00%
• Reading proficiency: 27% ▲ 2.00%
• Median HH income: $35,711
• Composite: 19.85/100
• National rank: #8696
• State rank: #163 of 178 in NC

Livability — Rocky Mount

• Score: 70/100
• State rank: #134
• US rank: #7692

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rocky Mount, NC
• County: Edgecombe County · 37,913 people
• City population: 70,300
• Metro: Rocky Mount, NC
• Population (ZIP): 19,532
• Household income: $44,884
• Rent vs Own: 50.7% rent · 49.3% own
• Severe rent burden: 900.0

Population outlook (Edgecombe County) Hauer SSP2

• Today (2025): 47,800 people
• By 2030: 44,396 · -7.1%
• By 2040: 37,562 · -21.4%
• By 2050: 31,495 · -34.1%
• By 2075: 20,943 · -56.2%
• By 2100: 13,674 · -71.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (70%)
• Race & ethnicity: Black 70% White 24% Two or more races 3% Hispanic / Latino 1%
• Common ancestry: Romanian 1%
• Foreign-born: 1% · Canada
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Edgecombe

• 2024 margin: Strong D (+22.7) · D 61.0% · R 38.3%
• 2008→2024 swing: -11.8pp toward R · 2008: 34.5pp · 2024: 22.7pp
• All cycles: 2024: D+22.7 2020: D+27.0 2016: D+32.2 2012: D+36.4 2008: D+34.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -17.65%
• Current HPI: 296.3428
• Rent YoY: —
• Metro: Rocky Mount, 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

+183.1% since first listed

50 events — show timeline

• 2026-05-12 Price Changed $167,000 Hive MLS
• 2026-05-12 Price Changed $167,000 TMLS
• 2026-03-10 Listed $175,000 Hive MLS
• 2026-03-10 Listed $175,000 TMLS
• 2025-12-31 Listing Removed — Hive MLS
• 2025-10-15 Listing Removed — TMLS
• 2025-07-07 Price Changed $175,000 Hive MLS
• 2025-07-07 Price Changed $175,000 TMLS
• 2025-06-10 Listed $185,000 Hive MLS
• 2025-06-10 Listed $185,000 TMLS
• 2025-02-23 Listing Removed — TMLS
• 2024-11-23 Price Changed $167,900 TMLS
• 2024-09-20 Price Changed $169,900 TMLS
• 2024-09-02 Listed $172,000 TMLS
• 2024-07-22 Listing Removed — TMLS
• 2024-07-02 Price Changed $150,000 TMLS
• 2024-06-24 Price Changed $156,000 TMLS
• 2024-05-20 Price Changed $157,500 TMLS
• 2024-04-06 Listed $160,000 TMLS
• 2024-04-02 Listing Removed — TMLS
• 2024-03-02 Price Changed $160,000 TMLS
• 2024-02-09 Price Changed $162,500 TMLS
• 2024-01-03 Price Changed $162,900 TMLS
• 2023-12-01 Listing Removed — TMLS
• 2023-11-28 Listed $165,000 TMLS
• 2023-11-22 Listed $165,000 TMLS
• 2023-11-22 Coming Soon — TMLS
• 2023-10-13 Listing Removed — Hive MLS
• 2023-09-19 Price Changed $165,900 Hive MLS
• 2023-08-24 Price Changed $170,000 Hive MLS
• 2023-08-15 Price Changed $175,000 Hive MLS
• 2023-07-31 Price Changed $176,000 Hive MLS
• 2023-07-09 Price Changed $178,000 Hive MLS
• 2023-05-15 Listed $180,000 Hive MLS
• 2023-04-28 Pending — Hive MLS
• 2023-04-27 Listing Removed — Hive MLS
• 2023-01-06 Price Changed $169,900 Hive MLS
• 2022-12-08 Listed $175,000 Hive MLS
• 2022-10-28 Listing Removed — TMLS
• 2022-08-24 Price Changed $159,000 TMLS
• 2022-07-19 Listed $170,000 TMLS
• 2022-06-03 Sold (Public Records) $130,000 Public Records
• 2022-06-03 Sold (MLS) $130,000 AMLSNC
• 2022-06-03 Sold (MLS) $130,000 TMLS
• 2022-05-01 Pending — TMLS
• 2022-04-04 Listed $145,000 AMLSNC
• 2022-04-04 Listed $145,000 TMLS
• 2021-12-28 Sold (Public Records) $56,500 Public Records
• 2012-04-27 Listing Removed — Hive MLS
• 2011-04-08 Listed $59,000 Hive MLS

Property tax history

+6.8%/yr

Latest (2025): $1,405 · +0.0% YoY. Source: county tax records.