1907 Anthony Ave · Rockingham, NC 28379

$165,000

3 bd · 1.5 ba · 1,684 sqft · SingleFamily public records · 84 Days on market

Built 1965 0.38 ac lot Est $229k · 28% under ↓ 8% since listing

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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 +21.2/30.0
• ARV discount +15.0/15.0
• DSCR +6.8/10.0
• 1% rule +4.7/10.0
• Livability +3.2/5.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Spacious 3 bedroom 2 bath home located on a quiet street in Rockingham. Home features a formal living room with bay windows . The eat in kitchen offers space for family gatherings. The master bedroom has a bonus room that can be transformed to a retreat area or a private office. Laundry room is located in the garage and can serve as much needed storage space. Outside the property is fully fenced in with a spacious back yard to entertain family and friends. There is a small building that can be restored with some TLC and can be used as additional storage. Schedule your appointment today.

Key facts

• Fully fenced
• Laundry room
• Eat in kitchen

Tags

• FORMAL LIVING ROOM
• BAY WINDOWS
• EAT IN KITCHEN
• BONUS ROOM
• LAUNDRY ROOM
• FULLY FENCED

Property features AI

Exterior

• Parking: Attached garage with 1 garage space (1 total parking space)
• Utilities: Public water; Public sewer; Sewer and water connected
• Home design: Single-family residence; One level; Residential property
• Construction: Aluminum siding and brick exterior; Composition roof
• Exterior features: Covered rear porch; Chain link fencing around back yard; Shed(s) on the property; Has a view

Interior

• Kitchen: Dishwasher
• Bedrooms: 3 total rooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air conditioning; Electric forced air heating
• Interior features: Window coverings; Crawl space basement (no finished basement)
• Laundry & utility: Washer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $165k.

Deal economics

• At list price, monthly cash flow is $240 ($3k/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 $159k (3.5% below list).
• Recommended offer: $155k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.0% vs local median 5.7% in Rockingham — 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 63/100 on livability (#403 in NC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A, health & safety B+; Watch: crime F, amenities F, commute F.
• Richmond County Schools (town): math 30% / reading 36% proficiency, ranked #139 of 178 in NC (top 78%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 70% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Washington Street Elementary (math 22% / reading 37%, grade F, #975 of 1,410 statewide, top 71%, 434 students, 96% FRL); Rockingham Middle (math 24% / reading 35%, grade F, #343 of 475 statewide, top 73%, 616 students, 100% FRL); Richmond Senior High (math 58% / reading 38%, grade D, #329 of 535 statewide, top 62%, 1,286 students, 99% FRL) — zoned schools average 98% FRL vs 70% district-wide (29 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 155 active listings in the ZIP; 54 units permitted in Richmond County in 2024 (0 in 5+ unit buildings).

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.
• Richmond 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 84 days — a 6% lower offer ($155k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 65% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $155,100 (6.0% below list)

Questions for the listing agent

1. It's been on market 84 days. Have you received any prior offers? Is the seller open to a 6% 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 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?
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. 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.
8. 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.
9. 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: 0.97% ✗
• Cap rate: 8.03%
• Cash-on-cash: 6.22%
• DSCR: 1.28
• GRM: 8.6

CMA / ARV

• ARV (on-the-fly): $229,024
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1907 Anthony Ave	0.00mi	3/2.0	1,684 (0%)	0mo	$130,000	$77	98
1507 Fayetteville Rd	0.36mi	3/1.0	1,659 (-2%)	3mo	$119,000	$72	76
1809 Sandcrest Dr	0.46mi	3/2.0	1,695 (+1%)	8mo	$285,000	$168	68
1418 Carolina Dr	0.49mi	3/2.0	1,630 (-3%)	4mo	$221,000	$136	66
2019 Brooklyn Ln	0.55mi	3/2.0	1,650 (-2%)	6mo	$270,000	$164	64
1611 Summit Dr	0.31mi	3/2.0	1,487 (-12%)	7mo	$195,000	$131	58
714 Richmond Rd	0.60mi	4/3.0 (+1)	1,730 (+3%)	1mo	$260,000	$150	56
710 Scotland Ave	0.66mi	3/2.0	1,811 (+8%)	0mo	$249,000	$137	54
2022 Pinedale Rd	0.70mi	3/2.0	1,728 (+3%)	11mo	$226,000	$131	52
1206 Lancaster Ln	0.68mi	4/2.0 (+1)	1,776 (+6%)	2mo	$295,000	$166	50
1604 E Washington St	0.43mi	3/1.0	1,456 (-14%)	6mo	$114,000	$78	50
2108 Brookbank Rd	0.62mi	3/1.5	1,500 (-11%)	12mo	$145,000	$97	43

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: -6.7%
• Equity multiple: 0.75×
• Total profit: $-11,533
• Equity at exit: $24,602

10-year hold

• IRR: 2.8%
• Equity multiple: 1.20×
• Total profit: $9,394
• Equity at exit: $14,266

Cash invested: $46,200 (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 28379

• Home prices YoY: -32.4%
• Active inventory: 155
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,593 medium
• Mortgage (P&I): −$865
• Tax from tax record: −$85 /mo · $1,016/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$334
• Net cashflow: $240

Break-even live

Break-even rent $1,290

Max offer price $165,000

Occupancy floor 80%

Sensitivity live

Price	-10% $333	-5% $286	+0% $240	+5% $193	+10% $146
Rent	-10% $114	-5% $177	+0% $240	+5% $302	+10% $365
Rate	-1.0pp $323	-0.5pp $281	base $240	+0.5pp $197	+1.0pp $153

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Listing history 2 events

1. 2026-05-15
   price $165,000
2. 2026-03-03
   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: $1,016 · $85/mo
• Projected year-2 tax: $1,353 · $113/mo
• Expected delta: +$337/yr (+$28/mo · 33.1%)

ⓘ 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 5/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥109°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 65% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,112
• − Mortgage interest: −$9,243
• − Property taxes: −$1,016
• − Insurance: −$825
• − Repairs & maintenance: −$1,529
• − Management: −$1,529
• − Depreciation: −$4,800
• Taxable income: $170
• Est. tax owed @ 24.0%: −$41
• After-tax cash flow: $2,833/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: Richmond County Schools
• NCES district ID: 3703870
• Math proficiency: 30% ▼ -12.00%
• Reading proficiency: 36% ▼ -3.00%
• Median HH income: $32,224
• Composite: 26.97/100
• National rank: #7076
• State rank: #139 of 178 in NC

Livability — Rockingham

• Score: 63/100
• State rank: #403
• US rank: #15356

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rockingham, NC
• City population: 24,068
• Population (ZIP): 24,068

Population outlook (Richmond County) Hauer SSP2

• Today (2025): 42,892 people
• By 2030: 41,257 · -3.8%
• By 2040: 37,629 · -12.3%
• By 2050: 33,655 · -21.5%
• By 2075: 23,992 · -44.1%
• By 2100: 14,782 · -65.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: White 56% Black 32% Hispanic / Latino 8% Two or more races 4% Asian 1%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Serbian 2% Slovak 2% Lithuanian 1%
• Foreign-born: 4% · Canada, Jamaica
• Languages at home: 91% English-only · Spanish 7%

Political lean MEDSL · Richmond

• 2024 margin: Strong R (+20.9) · D 39.2% · R 60.1%
• 2008→2024 swing: -22.4pp toward R · 2008: 1.5pp · 2024: -20.9pp
• All cycles: 2024: R+20.9 2020: R+14.8 2016: R+10.1 2012: D+2.7 2008: D+1.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -97.10%
• Current HPI: 203.0628
• 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

-8.3% since first listed

2 events — show timeline

• 2026-05-15 Price Changed $165,000 Hive MLS
• 2026-03-03 Listed $180,000 Hive MLS

Property tax history

+2.4%/yr

Latest (2025): $1,016 · -2.5% YoY. Source: county tax records.