124 S Byrd St · Eden, NC 27288

$99,900

2 bd · 1.0 ba · 816 sqft · SingleFamily public records · 45 Days on market

Built 1980 4,356 sqft lot Est $117k · 14% 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 +22.2/30.0
• ARV discount +14.0/15.0
• DSCR +7.1/10.0
• 1% rule +5.3/10.0
• Livability +3.4/5.0
• Schools +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Back on the market no fault of the sellers! This charming home offers comfort, updates, and everyday convenience—all wrapped into one inviting space. Whether you're a first-time buyer, downsizing, or looking for a smart investment, this property is full of value and potential. Key Features You'll Love: • Brand new heat pump (Dec 2025) for year-round efficiency • Roof replaced in 2015 • Kitchen equipped with all appliances included • Laundry conveniently located in the kitchen (washer & dryer purchased in 2025!) • Spacious primary bedroom with a great closet • Generously sized bedrooms • Nice storage building—perfect for tools, hobb

Key facts

• Brand new heat pump
• Roof replaced
• 4,356 sq ft lot

Tags

• BRAND NEW HEAT PUMP
• ROOF REPLACED
• LAUNDRY CONVENIENTLY LOCATED
• NICE STORAGE BUILDING

Property features AI

Finance

• HOA & community: No homeowners association

Exterior

• Parking: Driveway
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer; Electric water heater; Publicly maintained road
• Home design: Residential stick/site-built house; Single-story
• Construction: Built in 1980; Masonite exterior; Crawl space foundation
• Exterior features: Cleared lot; No fence; Storage structure on property

Interior

• Kitchen: Range
• Bedrooms: Main level bedrooms (dimensions listed below)
• Flooring: Carpet; Vinyl
• Bathrooms: One full bathroom
• Heating & cooling: Heat pump (electric); Central air
• Interior features: Primary bedroom located on the main level; Attic access only; Deadbolt(s); Carpet and vinyl flooring
• Laundry & utility: Washer hookup on main level; Dryer connection

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $162 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $97k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.2% vs local median 4.3% in Eden — 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 67/100 on livability (#224 in NC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools F, crime D-, amenities F.
• Rockingham County Schools (rural): math 38% / reading 40% proficiency, ranked #120 of 178 in NC (top 67%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 208 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 344 units permitted in Rockingham County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Rockingham County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 45 days — a 3% lower offer ($97k) is reasonable based on typical stale-listing flexibility.
• 2 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.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $96,903 (3.0% below list)

Questions for the listing agent

1. It's been on market 45 days. Have you received any prior offers? Is the seller open to a 3% 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 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. Crime grade is D 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: 1.03% ✓
• Cap rate: 8.24%
• Cash-on-cash: 6.97%
• DSCR: 1.31
• GRM: 8.1

CMA / ARV

• ARV (on-the-fly): $116,688
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
124 S Byrd St	0.00mi	2/1.0	816 (0%)	1mo	$92,000	$113	99
107 S High St	0.30mi	2/1.0	803 (-2%)	7mo	$23,000	$29	78
1424 South Ave	0.15mi	2/1.5	801 (-2%)	12mo	$155,000	$194	77
406 S Byrd St	0.26mi	2/1.0	861 (+6%)	6mo	$120,000	$139	74
408 Merriman St	0.28mi	2/1.0	854 (+5%)	15mo	$122,500	$143	67
1108 Maryland Ave	0.44mi	2/1.0	825 (+1%)	14mo	$23,000	$28	66
1233 Front St	0.47mi	2/1.0	777 (-5%)	6mo	$120,000	$154	65
1202 Ridge Ave	0.36mi	2/1.0	937 (+15%)	1mo	$47,500	$51	58
311 S Fieldcrest Rd	0.26mi	2/1.0	932 (+14%)	12mo	$148,000	$159	54
501 Overby St	0.51mi	3/1.0 (+1)	890 (+9%)	6mo	$145,000	$163	51
1140 Fieldcrest Rd	0.52mi	1/1.0 (-1)	752 (-8%)	14mo	$32,000	$43	46
545 S Fieldcrest Rd	0.75mi	2/1.0	922 (+13%)	10mo	$150,000	$163	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: -5.6%
• Equity multiple: 0.79×
• Total profit: $-5,852
• Equity at exit: $14,895

10-year hold

• IRR: 4.0%
• Equity multiple: 1.29×
• Total profit: $8,190
• Equity at exit: $8,638

Cash invested: $27,972 (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 27288

• Home prices YoY: -26.5%
• Active inventory: 208
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,030 medium
• Mortgage (P&I): −$524
• Tax from tax record: −$86 /mo · $1,032/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$216
• Net cashflow: $162

Break-even live

Break-even rent $825

Max offer price $99,900

Occupancy floor 79%

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1318 Ridge Ave Eden, NC	2.0	2.0	783	$1,100	$1.40	21d	1	0.25mi
1318 Front St Eden, NC	3.0	1.0	1007	$1,000	$0.99	23d	1	0.44mi
1314 Front St Eden, NC	2.0	1.0	1040	$1,100	$1.06	23d	1	0.44mi

Listing history 5 events

1. 2026-05-07
   historical Due Diligence Period
2. 2026-04-28
   status Active
3. 2026-04-21
   status Pending
4. 2026-04-06
   historical Due Diligence Period
5. 2026-04-02
   listed $99,900 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: $1,032 · $86/mo
• Projected year-2 tax: $1,032 · $86/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 6/10 Major 7 d/yr ≥104°F today · 19 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 8% 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: $12,364
• − Mortgage interest: −$5,596
• − Property taxes: −$1,032
• − Insurance: −$500
• − Repairs & maintenance: −$989
• − Management: −$989
• − Depreciation: −$2,906
• Taxable income: $352
• Est. tax owed @ 24.0%: −$84
• After-tax cash flow: $1,865/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: Rockingham County Schools
• NCES district ID: 3703990
• Math proficiency: 38% ▼ -2.00%
• Reading proficiency: 40% ▲ 1.00%
• Median HH income: $38,914
• Composite: 32.6/100
• National rank: #5673
• State rank: #120 of 178 in NC

Livability — Eden

• Score: 67/100
• State rank: #224
• US rank: #10535

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Eden, NC
• County: Rockingham County · 22,926 people
• City population: 22,926
• Metro: Greensboro-High Point, NC
• Population (ZIP): 22,926
• Household income: $52,594
• Rent vs Own: 37.8% rent · 62.2% own
• Severe rent burden: 860.0

Population outlook (Rockingham County) Hauer SSP2

• Today (2025): 87,103 people
• By 2030: 83,763 · -3.8%
• By 2040: 76,082 · -12.7%
• By 2050: 68,106 · -21.8%
• By 2075: 52,531 · -39.7%
• By 2100: 39,871 · -54.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (67%)
• Race & ethnicity: White 67% Black 23% Hispanic / Latino 6% Two or more races 5% Native American 1%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Serbian 2% Slovak 2% Lithuanian 1%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 5% German/W. Germanic 1%

Political lean MEDSL · Rockingham

• 2024 margin: Solid R (+35.9) · D 31.7% · R 67.6%
• 2008→2024 swing: -19.9pp toward R · 2008: -16.0pp · 2024: -35.9pp
• All cycles: 2024: R+35.9 2020: R+32.0 2016: R+30.0 2012: R+21.3 2008: R+16.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -66.28%
• Current HPI: 183.5709
• Rent YoY: —
• Metro: Greensboro-High Point, 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

5 events — show timeline

• 2026-05-07 Contingent — Triad MLS
• 2026-04-28 Relisted — Triad MLS
• 2026-04-21 Pending — Triad MLS
• 2026-04-06 Contingent — Triad MLS
• 2026-04-02 Listed $99,900 Triad MLS

Property tax history

+5.0%/yr

Latest (2025): $1,032 · +0.0% YoY. Source: county tax records.