580 Us Hwy 158 Business East

Warrenton, NC 27589

$90,000B+

3 bd · 1.0 ba · 1,076 sqft · Built 1962 · SingleFamily · Active · 73 DOM

Cashflow @ list (25.0% down · 7.5%)

• Estimated rent: $1,485/mo
• Mortgage (P&I): −$472
• Tax + insurance: −$150
• HOA: −$0
• Vac / Maint / Mgmt: −$312
• Net cashflow: $552/mo
• Annual: $6,618/yr
• Cap rate: 13.65%
• Cash-on-cash: 26.26%
• DSCR: 2.17
• 1% rule: 1.65%
• Cash to close: $25,200

Investor read

• This is a 3-bed/1.0-bath single-family listed at $90k. Condition is rated poor.
• At list price, monthly cash flow is $552 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $90k).
• It's been on market 73 days — a 6% lower offer ($85k) is reasonable based on typical stale-listing flexibility.
• Recommended offer: $85k (6.0% below list) — sets the bar for market timing.
• In year one you build about $9k of equity ($622 loan paydown + $9k appreciation (9.6% local appreciation)).
• Location reads 67/100 on livability (#250 in NC) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, health & safety A; Watch: housing D+, employment D, amenities F.
• Warren County Schools (rural): math 11% / reading 25% proficiency, ranked #174 of 178 in NC (top 98%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 79% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Mariam Boyd Elementary (math 2% / reading 8%, grade F, #1,405 of 1,410 statewide, top 100%, 341 students, 99% FRL); Warren County High (math 15% / reading 27%, grade F, #488 of 535 statewide, top 91%, 384 students, 99% FRL) — zoned schools average 99% FRL vs 79% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 54 active listings in the ZIP; 255 units permitted in Warren County in 2024 (0 in 5+ unit buildings).
• Warren County population projected at -27% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (9.6% appreciation + 3.0% rent growth), your $25k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.
• Climate carrying-cost: major wind risk, 55% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Questions for listing agent

• It's been on market 73 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
• Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
• Built in 1962 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
• Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
• Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
• 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?
• 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.
• 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.

Repairs flagged (vision-AI assessment)

• Major: roof — The independent image shows visible damage and wear on the roof, indicating a major repair is needed.
• Major: exterior paint — The independent image shows peeling paint on the brick exterior, indicating a major repair is needed.
• Major: flooring — The independent image shows worn carpet in the bedrooms and living areas, indicating a major replacement is needed.
• Major: wallpaper — The independent image shows damaged wallpaper in the bedrooms and living areas, indicating a major replacement is needed.
• Major: bathroom fixtures — The independent image shows outdated fixtures and tiles in the bathroom, indicating a major renovation is needed.
• Major: kitchen cabinets — The independent image shows outdated cabinets in the kitchen, indicating a major renovation is needed.