148 Chole Marie Ln · Roxboro, NC 27541

$299,900

3 bd · 2.0 ba · 1,620 sqft · Manufactured public records · 7 Days on market

Built 2004 1.12 ac lot Est $261k · 15% over

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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 +26.2/30.0
• DSCR +8.9/10.0
• 1% rule +5.9/10.0
• Schools +3.4/10.0
• Livability +2.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +1.7/10.0
• ARV discount +0.8/15.0

Listing remarks

HERE'S YOUR CHANCE TO OWN A WELL-MAINTAINED MODULAR HOME IN SOUTHERN PERSON COUNTY!! 148 Chole Marie Lane in Hurdle Mills is just a short drive to Durham, Raleigh and Roxboro and offers 3 bedrooms and 2 bathrooms on over 1 acre of land. The home features a large living room with a wood-burning fireplace and a den that has a custom-built bar, perfect for entertaining. You can enjoy a peaceful evening on the large back deck, or you can sit in the porch swing on the covered front porch and sip your favorite beverage. The roomy kitchen features an island and plenty of cabinet space and the large master bedroom leads to the master bathroom, which has a soaking tub, walk-in shower, double vanity

Key facts

• Custom built bar
• Large back deck
• Covered front porch

Tags

• WOOD BURNING FIREPLACE
• CUSTOM BUILT BAR
• LARGE BACK DECK
• COVERED FRONT PORCH
• ROOMY KITCHEN
• FENCED PORTION

Property features AI

Finance

• Other: Lot size approximately 1.12 acres
• HOA & community: No association

Exterior

• Parking: Driveway (gravel)
• Utilities: Well water; Septic tank; Electricity connected; Water connected; Septic connected
• Home design: Modular home; One story; Private road frontage on a private maintained gravel road
• Construction: Vinyl siding; Metal roof; Brick/mortar foundation; Built as modular construction
• Exterior features: Front porch; Deck; Chain link fence with gate enclosing back yard; Grassed vegetation

Interior

• Kitchen: Dishwasher; Electric oven; Microwave; Refrigerator; Kitchen island
• Bedrooms: 3 bedrooms (all on main level)
• Flooring: Carpet; Laminate; Luxury vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heat; Heat pump; Fireplace(s); Ceiling fan(s); Electric cooling
• Interior features: Open floorplan; Kitchen/dining room combination; Kitchen island; Double vanity; Soaking tub; Bathtub/shower combination; Walk-in shower; Ceiling fans; Walk-in closet(s)
• Laundry & utility: Laundry room with washer hookup; Electric dryer hookup; Washer included; Dryer included

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $300k.

Deal economics

• At list price, monthly cash flow is $764 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $300k).
• Cap rate 9.3% vs local median 4.5% in Roxboro — 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 55/100 on livability (#649 in NC) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+; Watch: crime F, amenities F, commute F.
• Person County Schools (rural): math 39% / reading 42% proficiency, ranked #110 of 178 in NC (top 62%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Person High (math 45% / reading 44%, grade F, #352 of 535 statewide, top 68%, 1,079 students, 60% FRL).
• Market conditions: 23 active listings in the ZIP; 113 units permitted in Person 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 $9k of value loss. Plan a longer hold.
• Person County population projected at -15% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $84k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $145k; list at $300k implies a 107% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate wind risk, 25% 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.

Recommended offer $299,900

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
4. 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.
5. 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.
6. 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: 1.09% ✓
• Cap rate: 9.35%
• Cash-on-cash: 10.91%
• DSCR: 1.49
• GRM: 7.6

CMA / ARV

• ARV (on-the-fly): $260,820
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
273 Chole Marie Ln	0.14mi	3/2.0	1,512 (-7%)	5mo	$243,000	$161	78

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: -0.0%
• Equity multiple: 1.00×
• Total profit: $-55
• Equity at exit: $44,716

10-year hold

• IRR: 9.6%
• Equity multiple: 1.74×
• Total profit: $62,170
• Equity at exit: $25,930

Cash invested: $83,972 (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 27541

• Home prices YoY: -2.5%
• Active inventory: 23
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $3,276 medium
• Mortgage (P&I): −$1,573
• Tax from tax record: −$126 /mo · $1,516/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$688
• Net cashflow: $764

Break-even live

Break-even rent $2,309

Max offer price $299,900

Occupancy floor 72%

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: $74,975
• Closing costs: $8,997
• Reserves months: —
• Total cash needed: —

Listing history 7 events

1. 2026-06-09
   status $299,900 Pending 7 DOM
2. 2026-06-08
   days on market $299,900 Active 7 DOM
3. 2026-06-07
   days on market $299,900 Active 6 DOM
4. 2026-06-05
   days on market $299,900 Active 4 DOM
5. 2026-06-04
   days on market $299,900 Active 2 DOM
6. 2026-06-01
   remarks 699-char remark
7. 2026-06-01
   listed $299,900 Active 1 DOM

ⓘ 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: $1,516 · $126/mo
• Projected year-2 tax: $2,459 · $205/mo
• Expected delta: +$943/yr (+$79/mo · 62.2%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥103°F today · 17 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 25% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $39,308
• − Mortgage interest: −$16,799
• − Property taxes: −$1,516
• − Insurance: −$1,500
• − Repairs & maintenance: −$3,145
• − Management: −$3,145
• − Depreciation: −$8,724
• Taxable income: $4,480
• Est. tax owed @ 24.0%: −$1,075
• After-tax cash flow: $8,090/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: Person County Schools
• NCES district ID: 3703630
• Math proficiency: 39% ▬ 0.00%
• Reading proficiency: 42% ▲ 2.00%
• Median HH income: $43,729
• Composite: 34.3/100
• National rank: #5242
• State rank: #110 of 178 in NC

Livability — Roxboro

• Score: 55/100
• State rank: #649
• US rank: #23536

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 11,954
• Population (ZIP): 3,862

Population outlook (Person County) Hauer SSP2

• Today (2025): 38,577 people
• By 2030: 37,847 · -1.9%
• By 2040: 35,740 · -7.4%
• By 2050: 32,683 · -15.3%
• By 2075: 24,979 · -35.2%
• By 2100: 15,779 · -59.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Black 12% Two or more races 9% Hispanic / Latino 8% Asian 2%
• Hispanic origin (detail): Mexican 1%
• Common ancestry: Slovak 2% Serbian 1% English 1%
• Foreign-born: 7% · Canada, Jamaica, China
• Languages at home: 93% English-only · Spanish 6% Other Indo-European 1%

Political lean MEDSL · Person

• 2024 margin: Strong R (+23.7) · D 37.7% · R 61.4%
• 2008→2024 swing: -15.2pp toward R · 2008: -8.5pp · 2024: -23.7pp
• All cycles: 2024: R+23.7 2020: R+21.6 2016: R+17.3 2012: R+11.0 2008: R+8.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -6.62%
• Current HPI: 253.3751
• 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

+106.5% since first listed

2 events — show timeline

• 2026-06-01 Listed $299,900 TMLS
• 2004-01-30 Sold (Public Records) $145,220 Public Records

Property tax history

+2.9%/yr

Latest (2025): $1,516 · +17.0% YoY. Source: county tax records.