1113 Long Ave · Rocky Mount, NC 27801

$139,900

3 bd · 2.0 ba · 1,296 sqft · SingleFamily public records · 33 Days on market

Built 1954 Est $135k · at est.

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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 +24.5/30.0
• DSCR +7.9/10.0
• ARV discount +5.8/15.0
• 1% rule +5.1/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Freshly updated and move-in ready! This charming 3-bedroom, 2-bath home located at 1113 Long Ave offers fresh interior paint and a welcoming layout perfect for comfortable everyday living. Enjoy spacious bedrooms, functional living areas, and plenty of natural light throughout. Whether you are looking for your first home, downsizing, or adding to your investment portfolio, this property offers great potential and convenience. Conveniently located near shopping, dining, schools, and major roadways in Rocky Mount. Don't miss this affordable opportunity!

Key facts

• Built 1954
• Listed 33 days

Property features AI

Finance

• Other: Living area: 1,296 total; No below-grade finished area
• HOA & community: No association

Exterior

• Utilities: Public water; Public sewer
• Home design: Single-story house; Site-built construction
• Construction: Vinyl siding; Built as site-built home
• Exterior features: Shingle roof; Zoned R6; Publicly maintained road access

Interior

• Bedrooms: 3 bedrooms (all on the main level)
• Flooring: Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Electric cooling
• Interior features: Laminate flooring

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $287 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $140k).
• Recommended offer: $136k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.8% 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: crime F, amenities F, employment 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.
• Zoned schools: D S Johnson Elementary (math 3% / reading 13%, grade F, #1,396 of 1,410 statewide, top 99%, 362 students, 95% FRL); J W Parker Middle (math 6% / reading 16%, grade F, #471 of 475 statewide, top 99%, 255 students, 92% FRL); Southwest Edgecombe High (math 42% / reading 37%, grade F, #393 of 535 statewide, top 75%, 802 students, 100% FRL) — zoned schools average 96% FRL vs 74% district-wide (22 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 134 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 $967 of loan paydown is wiped out by about $4k 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 33 days — a 3% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $58k; list at $140k implies a 141% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1954 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk; major wind risk, 73% 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 $135,703 (3.0% below list)

Questions for the listing agent

1. It's been on market 33 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1954 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 1.01% ✓
• Cap rate: 8.75%
• Cash-on-cash: 8.78%
• DSCR: 1.39
• GRM: 8.2

CMA / ARV

• ARV (on-the-fly): $134,784
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1312 Hill Street St	0.30mi	4/2.0 (+1)	1,221 (-6%)	8mo	$159,900	$131	65
1316 N Oakwood Dr	0.51mi	3/2.0	1,348 (+4%)	8mo	$139,900	$104	63
1313 Old Wilson Rd	0.40mi	3/2.0	1,440 (+11%)	2mo	$128,000	$89	62
906 Arlington St	0.71mi	4/2.0 (+1)	1,326 (+2%)	1mo	$180,000	$136	57
818 Eastern Ave	0.51mi	2/1.0 (-1)	1,200 (-7%)	2mo	$142,000	$118	53
1132 Rosewood Ave	0.39mi	3/1.0	1,442 (+11%)	8mo	$162,500	$113	52
727 Long Ave	0.34mi	2/1.0 (-1)	1,177 (-9%)	10mo	$40,000	$34	52
715 Clark St	0.59mi	4/1.0 (+1)	1,378 (+6%)	3mo	$40,000	$29	50
617 Pender St	0.70mi	3/1.0	1,232 (-5%)	8mo	$42,000	$34	48
1510 Old Wilson Rd	0.53mi	3/2.0	1,454 (+12%)	9mo	$151,500	$104	48
621 Clark St	0.64mi	3/1.0	1,401 (+8%)	9mo	$45,000	$32	45
225 Hendricks St	0.74mi	2/1.0 (-1)	1,203 (-7%)	2mo	$20,000	$17	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: -3.0%
• Equity multiple: 0.89×
• Total profit: $-4,475
• Equity at exit: $20,860

10-year hold

• IRR: 6.6%
• Equity multiple: 1.49×
• Total profit: $19,366
• Equity at exit: $12,096

Cash invested: $39,172 (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: 134
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,419 medium
• Mortgage (P&I): −$734
• Tax from tax record: −$42 /mo · $507/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$298
• Net cashflow: $287

Break-even live

Break-even rent $1,056

Max offer price $139,900

Occupancy floor 75%

Sensitivity live

Price	-10% $366	-5% $326	+0% $287	+5% $247	+10% $207
Rent	-10% $175	-5% $231	+0% $287	+5% $343	+10% $399
Rate	-1.0pp $357	-0.5pp $322	base $287	+0.5pp $250	+1.0pp $213

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-21
   days on market $139,900 Active 33 DOM
2. 2026-06-19
   days on market $139,900 Active 31 DOM
3. 2026-06-18
   days on market $139,900 Active 30 DOM
4. 2026-06-17
   days on market $139,900 Active 29 DOM
5. 2026-06-16
   days on market $139,900 Active 28 DOM
6. 2026-06-15
   days on market $139,900 Active 27 DOM
7. 2026-06-14
   days on market $139,900 Active 25 DOM
8. 2026-06-13
   days on market $139,900 Active 24 DOM
9. 2026-06-10
   days on market $139,900 Active 22 DOM
10. 2026-06-09
    days on market $139,900 Active 21 DOM
11. 2026-06-08
    days on market $139,900 Active 20 DOM
12. 2026-06-07
    days on market $139,900 Active 19 DOM
13. 2026-06-03
    days on market $139,900 Active 15 DOM
14. 2026-06-02
    days on market $139,900 Active 14 DOM
15. 2026-06-01
    days on market $139,900 Active 13 DOM
16. 2026-05-31
    days on market $139,900 Active 12 DOM
17. 2026-05-30
    days on market $139,900 Active 11 DOM
18. 2026-05-11
    listed $139,900 Active
19. 2022-08-15
    soldstatus $58,000
20. 1997-11-14
    soldstatus $41,000

ⓘ 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: $507 · $42/mo
• Projected year-2 tax: $1,147 · $96/mo
• Expected delta: +$640/yr (+$53/mo · 126.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 67% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥107°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 73% 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: $17,025
• − Mortgage interest: −$7,837
• − Property taxes: −$507
• − Insurance: −$700
• − Repairs & maintenance: −$1,362
• − Management: −$1,362
• − Depreciation: −$4,070
• Taxable income: $1,188
• Est. tax owed @ 24.0%: −$285
• After-tax cash flow: $3,154/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

+241.2% since first listed

3 events — show timeline

• 2026-05-11 Listed $139,900 TMLS
• 2022-08-15 Sold (Public Records) $58,000 Public Records
• 1997-11-14 Sold (Public Records) $41,000 Public Records

Property tax history

+0.4%/yr

Latest (2025): $507 · +0.0% YoY. Source: county tax records.