609 W Academy St · Fuquay-Varina, NC 27526

$2,800

3 bd · 2.5 ba · 2,344 sqft · SingleFamily public records · 5 Days on market

Built 1992

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Why this score? — see what drove the D+ 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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +4.9/10.0
• Rent growth +3.3/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

With a Solar System in place and only $16.29/mo for unlimited electricity and all of its comforts, this Home is nestled in a prime location, just a short walk from downtown Fuquay. This beautiful ranch-style home offers a seamless blend of comfort, functionality, and versatility. In addition to spacious Owner's retreat en-suite, this home features 3 additional generously sized bedrooms with 2 additional Full Bathrooms, providing the perfect 4 Bedroom 3 Full Bath layout for both relaxation and everyday living. The expansive living room, bathed in natural light, creates a spacious and inviting atmosphere that flows effortlessly into the formal dining area—ideal for quiet meal times or entertaining guests. The traditional kitchen is equipped with a high-efficiency gas stove top, built-in oven, microwave, dishwasher, and to make your transition easier, the refrigerator and washer/dryer will remain. Step outside into the sprawling fenced backyard, ideal for kids and pets to roam as they wish. You'll enjoy a large deck, perfect for hosting gatherings or simply enjoying peaceful outdoor moments. With a massive yard space that stretches both front and back, the property is perfect for gardening, play, or the possibility of further development. A long, private driveway provides ample parking for multiple vehicles and leads to an attached two-door car garage for added convenience. Not to be overlooked, a separate 2 Car garage located in the backyard presents an incredible opportunity for conversion into an in-law suite, ADU (Accessory Dwelling Unit), or home office/workshop—providing potential rental income or space for personal projects. One of the standout features of this home is the newly installed solar power system, which includes two Tesla Batteries. This energy-efficient upgrade not only reduces utility costs down to almost nothing but also offers sustainable living. It's a rare bonus that enhances the long-term value and environmental impact of the home. This property combines comfort, charm, and untapped potential in one truly remarkable package that you may soon find yourself calling ''Home''. NOTE: Solar Panel System automatically switches to Battery Power in the event of a local power outage.

Key facts

• 2 garage spots
• Built 1992
• Listed 5 days

Property features AI

Finance

• Other: Zoned RLD; Private maintained road; Located in Wake County
• Financial info: Owner pays all utilities and other specified items; tenant pays all utilities (multi-family info indicates 1 unit)
• HOA & community: No association

Exterior

• Parking: Attached garage with 2 spaces; Carport with 2 spaces; 3 open parking spaces
• Utilities: Public water; Sewer: unknown
• Home design: Single-story house; Above-grade finished living area approximately 2,504
• Construction: Brick construction; Shingle roof; One-level structure
• Exterior features: Deck

Interior

• Kitchen: Built-in electric oven; Dishwasher; Microwave; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Tile
• Bathrooms: 3 full bathrooms
• Heating & cooling: Central heating; Fireplace heating; Solar heating; Central air conditioning
• Interior features: One fireplace; Accessible bedroom, central living area, common area, full bath, kitchen, kitchen appliances, and washer/dryer
• Laundry & utility: Washer; Dryer; Accessible washer/dryer

🏷️ Possibly a rental listed for sale. The $2,800 price doesn't fit this home's estimated sale value (~$468,800) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $3k.

Deal economics

• At list price, monthly cash flow is $2k ($22k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $3k).
• Cap rate 775.4% vs local median 3.0% in Fuquay-Varina — 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: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• Wake County Schools (suburban): math 52% / reading 60% proficiency, ranked #35 of 178 in NC (top 20%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+3.1%/yr); 1151 active listings in the ZIP; 27 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 15,249 units permitted in Wake County in 2024 (5,568 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $19 of loan paydown is wiped out by about $84 of value loss. Plan a longer hold.
• Wake County population projected at +51% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.1% rent growth), your $784 cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 10y ago 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: major wind risk, 60% 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 $2,800

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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
3. 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.
4. 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.
5. 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: 82.00% ✓
• Cap rate: 775.40%
• Cash-on-cash: 2746.83%
• DSCR: 123.22
• GRM: 0.1

CMA / ARV

• ARV (on-the-fly): $468,800
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
575 Dawley Dr	0.28mi	3/2.5	2,300 (-2%)	12mo	$425,000	$185	74
1064 Kafka Dr	0.40mi	3/2.5	2,429 (+4%)	12mo	$465,000	$191	66
105 Bridge St	0.23mi	4/2.5 (+1)	2,596 (+11%)	1mo	$399,000	$154	65
118 Tweedbank Ct	0.17mi	4/2.5 (+1)	2,038 (-13%)	10mo	$415,000	$204	57
1112 Summer Meadow Dr	0.54mi	4/2.5 (+1)	2,349 (+0%)	22mo	$470,000	$200	51
354 Leyland Cypress Ln	0.58mi	4/2.5 (+1)	2,016 (-14%)	0mo	$420,500	$209	44
490 Walker Ranch Dr	0.62mi	4/2.5 (+1)	2,684 (+14%)	2mo	$570,000	$212	40
725 Silk Tree Trce	0.72mi	4/2.5 (+1)	2,694 (+15%)	19mo	$505,000	$187	21

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 · 3.12% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 146.61×
• Total profit: $114,157
• Equity at exit: $417

10-year hold

• IRR: —
• Equity multiple: 317.16×
• Total profit: $247,866
• Equity at exit: $242

Cash invested: $784 (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 27526

• Home prices YoY: -33.0%
• Rents YoY: 3.1%
• Active inventory: 1151
• Price-to-rent: 0.1×

Monthly cashflow live

• Estimated rent: $2,296 high
• Mortgage (P&I): −$15
• Tax est. 1.5%: −$4 /mo · $42/yr
• Insurance: −$1
• HOA: −$0
• Vacancy / Maint / Mgmt: −$482
• Net cashflow: $1,795

Break-even live

Break-even rent $24

Max offer price $2,800

Occupancy floor 17%

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: $700
• Closing costs: $84
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
609 W Academy St Fuquay Varina, NC	3.0	3.0	2504	$2,800	$1.12	12d	1	0.00mi
535 Smithridge Way Fuquay Varina, NC	3.0	2.5	1600	$1,950	$1.22	17d	1	0.31mi
721 Lucky Clover Way Fuquay Varina, NC	4.0	3.5	2300	$2,100	$0.91	23d	1	0.35mi
761 Dorset Stream Dr Fuquay Varina, NC	4.0	3.5	2350	$2,100	$0.89	23d	1	0.38mi
803 Washington St Fuquay Varina, NC	4.0	3.5	1998	$2,095	$1.05	12d	1	0.42mi
813 Washington St Fuquay Varina, NC	4.0	3.5	2286	$2,300	$1.01	23d	1	0.42mi
208 Asher Springs Cir Unit 1 Fuquay-Varina, NC	3.0	3.5	2173	$1,995	$0.92	23d	1	0.53mi
847 Ribbonleaf Ln Fuquay Varina, NC	4.0	3.0	2506	$2,395	$0.96	17d	1	0.70mi
913 Steelhorse Dr Fuquay Varina, NC	4.0	2.5	2425	$2,400	$0.99	4d	1	0.88mi
520 Citrus Petal Rd Fuquay Varina, NC	4.0	3.0	2700	$2,295	$0.85	4d	1	1.00mi
533 Citrus Petal Rd Fuquay Varina, NC	3.0	2.5	1738	$1,850	$1.06	23d	1	1.02mi
620 Prickly Pear Dr Fuquay Varina, NC	3.0	2.5	1802	$1,725	$0.96	12d	1	1.03mi
1004 Magnolia Farm Way Fuquay Varina, NC	4.0	2.5	2047	$1,915	$0.94	23d	1	1.06mi
693 Citrus Petal Rd Fuquay Varina, NC	3.0	2.5	2012	$1,995	$0.99	4d	1	1.12mi
602 Oakbrook Pass Way Fuquay Varina, NC	3.0	2.5	1700	$2,122	$1.25	1d	6	1.20mi
920 Clearhaven Ln Fuquay Varina, NC	3.0	2.5	1923	$2,000	$1.04	23d	1	1.22mi
928 Clearhaven Ln Fuquay Varina, NC	3.0	3.0	1600	$1,800	$1.12	23d	1	1.23mi
903 Clearhaven Ln Fuquay Varina, NC	3.0	2.5	1625	$1,795	$1.10	16d	1	1.23mi
932 Clearhaven Ln Fuquay Varina, NC	3.0	2.5	1850	$1,945	$1.05	23d	1	1.23mi
217 Brook Farm Ln Fuquay Varina, NC	3.0	2.5	1597	$1,980	$1.24	2d	1	1.29mi
915 Field Ivy Dr Fuquay Varina, NC	3.0	2.5	1892	$2,350	$1.24	23d	1	1.31mi
731 Amarra Dr Fuquay Varina, NC	3.0	2.5	1920	$1,900	$0.99	23d	1	1.34mi
680 Barneswyck Dr Fuquay Varina, NC	3.0	2.5	2127	$1,950	$0.92	23d	1	1.35mi
303 Parker Station Ave Fuquay Varina, NC	3.0	2.5	1755	$1,795	$1.02	23d	1	1.36mi
250 Brook Farm Ln Fuquay Varina, NC	3.0	2.5	1597	$1,795	$1.12	4d	1	1.36mi
612 Creekway Dr Fuquay Varina, NC	3.0	2.5	1803	$1,995	$1.11	23d	1	1.39mi
204 Parker Station Ave Fuquay Varina, NC	3.0	2.5	1735	$1,795	$1.03	21d	1	1.44mi

Listing history 23 events

1. 2026-06-03
   days on market $2,800 Active 5 DOM
2. 2026-06-02
   days on market $2,800 Active 4 DOM
3. 2026-06-01
   days on market $2,800 Active 3 DOM
4. 2026-05-31
   days on market $2,800 Active 2 DOM
5. 2026-04-29
   historical $2,800
6. 2025-04-03
   historical $2,800
7. 2025-04-01
   listed $2,800
8. 2025-03-13
   historical $3,250
9. 2025-03-08
   listed $3,250
10. 2025-01-22
    soldstatus $650,000 Sold 2246-char remark

    Show marketing remark (2246 chars)

    With a Solar System in place and only $16.29/mo for unlimited electricity and all of its comforts, this Home is nestled in a prime location, just a short walk from downtown Fuquay. This beautiful ranch-style home offers a seamless blend of comfort, functionality, and versatility. In addition to spacious Owner's retreat en-suite, this home features 3 additional generously sized bedrooms with 2 additional Full Bathrooms, providing the perfect 4 Bedroom 3 Full Bath layout for both relaxation and everyday living. The expansive living room, bathed in natural light, creates a spacious and inviting atmosphere that flows effortlessly into the formal dining area—ideal for quiet meal times or entertaining guests. The traditional kitchen is equipped with a high-efficiency gas stove top, built-in oven, microwave, dishwasher, and to make your transition easier, the refrigerator and washer/dryer will remain. Step outside into the sprawling fenced backyard, ideal for kids and pets to roam as they wish. You'll enjoy a large deck, perfect for hosting gatherings or simply enjoying peaceful outdoor moments. With a massive yard space that stretches both front and back, the property is perfect for gardening, play, or the possibility of further development. A long, private driveway provides ample parking for multiple vehicles and leads to an attached two-door car garage for added convenience. Not to be overlooked, a separate 2 Car garage located in the backyard presents an incredible opportunity for conversion into an in-law suite, ADU (Accessory Dwelling Unit), or home office/workshop—providing potential rental income or space for personal projects. One of the standout features of this home is the newly installed solar power system, which includes two Tesla Batteries. This energy-efficient upgrade not only reduces utility costs down to almost nothing but also offers sustainable living. It's a rare bonus that enhances the long-term value and environmental impact of the home. This property combines comfort, charm, and untapped potential in one truly remarkable package that you may soon find yourself calling ''Home''. NOTE: Solar Panel System automatically switches to Battery Power in the event of a local power outage.

11. 2025-01-22
    soldstatus $650,000

    Show marketing remark (2246 chars)

    With a Solar System in place and only $16.29/mo for unlimited electricity and all of its comforts, this Home is nestled in a prime location, just a short walk from downtown Fuquay. This beautiful ranch-style home offers a seamless blend of comfort, functionality, and versatility. In addition to spacious Owner's retreat en-suite, this home features 3 additional generously sized bedrooms with 2 additional Full Bathrooms, providing the perfect 4 Bedroom 3 Full Bath layout for both relaxation and everyday living. The expansive living room, bathed in natural light, creates a spacious and inviting atmosphere that flows effortlessly into the formal dining area—ideal for quiet meal times or entertaining guests. The traditional kitchen is equipped with a high-efficiency gas stove top, built-in oven, microwave, dishwasher, and to make your transition easier, the refrigerator and washer/dryer will remain. Step outside into the sprawling fenced backyard, ideal for kids and pets to roam as they wish. You'll enjoy a large deck, perfect for hosting gatherings or simply enjoying peaceful outdoor moments. With a massive yard space that stretches both front and back, the property is perfect for gardening, play, or the possibility of further development. A long, private driveway provides ample parking for multiple vehicles and leads to an attached two-door car garage for added convenience. Not to be overlooked, a separate 2 Car garage located in the backyard presents an incredible opportunity for conversion into an in-law suite, ADU (Accessory Dwelling Unit), or home office/workshop—providing potential rental income or space for personal projects. One of the standout features of this home is the newly installed solar power system, which includes two Tesla Batteries. This energy-efficient upgrade not only reduces utility costs down to almost nothing but also offers sustainable living. It's a rare bonus that enhances the long-term value and environmental impact of the home. This property combines comfort, charm, and untapped potential in one truly remarkable package that you may soon find yourself calling ''Home''. NOTE: Solar Panel System automatically switches to Battery Power in the event of a local power outage.

12. 2024-12-11
    historical Active Under Contract 2246-char remark

    Show marketing remark (2246 chars)

    With a Solar System in place and only $16.29/mo for unlimited electricity and all of its comforts, this Home is nestled in a prime location, just a short walk from downtown Fuquay. This beautiful ranch-style home offers a seamless blend of comfort, functionality, and versatility. In addition to spacious Owner's retreat en-suite, this home features 3 additional generously sized bedrooms with 2 additional Full Bathrooms, providing the perfect 4 Bedroom 3 Full Bath layout for both relaxation and everyday living. The expansive living room, bathed in natural light, creates a spacious and inviting atmosphere that flows effortlessly into the formal dining area—ideal for quiet meal times or entertaining guests. The traditional kitchen is equipped with a high-efficiency gas stove top, built-in oven, microwave, dishwasher, and to make your transition easier, the refrigerator and washer/dryer will remain. Step outside into the sprawling fenced backyard, ideal for kids and pets to roam as they wish. You'll enjoy a large deck, perfect for hosting gatherings or simply enjoying peaceful outdoor moments. With a massive yard space that stretches both front and back, the property is perfect for gardening, play, or the possibility of further development. A long, private driveway provides ample parking for multiple vehicles and leads to an attached two-door car garage for added convenience. Not to be overlooked, a separate 2 Car garage located in the backyard presents an incredible opportunity for conversion into an in-law suite, ADU (Accessory Dwelling Unit), or home office/workshop—providing potential rental income or space for personal projects. One of the standout features of this home is the newly installed solar power system, which includes two Tesla Batteries. This energy-efficient upgrade not only reduces utility costs down to almost nothing but also offers sustainable living. It's a rare bonus that enhances the long-term value and environmental impact of the home. This property combines comfort, charm, and untapped potential in one truly remarkable package that you may soon find yourself calling ''Home''. NOTE: Solar Panel System automatically switches to Battery Power in the event of a local power outage.

13. 2024-11-16
    price $650,000 2246-char remark

    Show marketing remark (2246 chars)

    With a Solar System in place and only $16.29/mo for unlimited electricity and all of its comforts, this Home is nestled in a prime location, just a short walk from downtown Fuquay. This beautiful ranch-style home offers a seamless blend of comfort, functionality, and versatility. In addition to spacious Owner's retreat en-suite, this home features 3 additional generously sized bedrooms with 2 additional Full Bathrooms, providing the perfect 4 Bedroom 3 Full Bath layout for both relaxation and everyday living. The expansive living room, bathed in natural light, creates a spacious and inviting atmosphere that flows effortlessly into the formal dining area—ideal for quiet meal times or entertaining guests. The traditional kitchen is equipped with a high-efficiency gas stove top, built-in oven, microwave, dishwasher, and to make your transition easier, the refrigerator and washer/dryer will remain. Step outside into the sprawling fenced backyard, ideal for kids and pets to roam as they wish. You'll enjoy a large deck, perfect for hosting gatherings or simply enjoying peaceful outdoor moments. With a massive yard space that stretches both front and back, the property is perfect for gardening, play, or the possibility of further development. A long, private driveway provides ample parking for multiple vehicles and leads to an attached two-door car garage for added convenience. Not to be overlooked, a separate 2 Car garage located in the backyard presents an incredible opportunity for conversion into an in-law suite, ADU (Accessory Dwelling Unit), or home office/workshop—providing potential rental income or space for personal projects. One of the standout features of this home is the newly installed solar power system, which includes two Tesla Batteries. This energy-efficient upgrade not only reduces utility costs down to almost nothing but also offers sustainable living. It's a rare bonus that enhances the long-term value and environmental impact of the home. This property combines comfort, charm, and untapped potential in one truly remarkable package that you may soon find yourself calling ''Home''. NOTE: Solar Panel System automatically switches to Battery Power in the event of a local power outage.

14. 2024-11-15
    listed $600,000 Active 2246-char remark

    Show marketing remark (2246 chars)

    With a Solar System in place and only $16.29/mo for unlimited electricity and all of its comforts, this Home is nestled in a prime location, just a short walk from downtown Fuquay. This beautiful ranch-style home offers a seamless blend of comfort, functionality, and versatility. In addition to spacious Owner's retreat en-suite, this home features 3 additional generously sized bedrooms with 2 additional Full Bathrooms, providing the perfect 4 Bedroom 3 Full Bath layout for both relaxation and everyday living. The expansive living room, bathed in natural light, creates a spacious and inviting atmosphere that flows effortlessly into the formal dining area—ideal for quiet meal times or entertaining guests. The traditional kitchen is equipped with a high-efficiency gas stove top, built-in oven, microwave, dishwasher, and to make your transition easier, the refrigerator and washer/dryer will remain. Step outside into the sprawling fenced backyard, ideal for kids and pets to roam as they wish. You'll enjoy a large deck, perfect for hosting gatherings or simply enjoying peaceful outdoor moments. With a massive yard space that stretches both front and back, the property is perfect for gardening, play, or the possibility of further development. A long, private driveway provides ample parking for multiple vehicles and leads to an attached two-door car garage for added convenience. Not to be overlooked, a separate 2 Car garage located in the backyard presents an incredible opportunity for conversion into an in-law suite, ADU (Accessory Dwelling Unit), or home office/workshop—providing potential rental income or space for personal projects. One of the standout features of this home is the newly installed solar power system, which includes two Tesla Batteries. This energy-efficient upgrade not only reduces utility costs down to almost nothing but also offers sustainable living. It's a rare bonus that enhances the long-term value and environmental impact of the home. This property combines comfort, charm, and untapped potential in one truly remarkable package that you may soon find yourself calling ''Home''. NOTE: Solar Panel System automatically switches to Battery Power in the event of a local power outage.

15. 2021-10-07
    soldstatus $450,000 Closed 318-char remark

    Show marketing remark (318 chars)

    Welcome Home! over an acre and a half inside the town limits with city water/sewer. Brick ranch home with attached two car and detached two car garage building, recently updated back deck, large master suite with recently updated bathroom. NO HOA. This home is centrally located yet feels like your own private oasis.

16. 2021-09-15
    status Pending 318-char remark

    Show marketing remark (318 chars)

    Welcome Home! over an acre and a half inside the town limits with city water/sewer. Brick ranch home with attached two car and detached two car garage building, recently updated back deck, large master suite with recently updated bathroom. NO HOA. This home is centrally located yet feels like your own private oasis.

17. 2021-09-03
    listed $450,000 Active 318-char remark

    Show marketing remark (318 chars)

    Welcome Home! over an acre and a half inside the town limits with city water/sewer. Brick ranch home with attached two car and detached two car garage building, recently updated back deck, large master suite with recently updated bathroom. NO HOA. This home is centrally located yet feels like your own private oasis.

18. 2021-08-24
    historical $450,000 318-char remark

    Show marketing remark (318 chars)

    Welcome Home! over an acre and a half inside the town limits with city water/sewer. Brick ranch home with attached two car and detached two car garage building, recently updated back deck, large master suite with recently updated bathroom. NO HOA. This home is centrally located yet feels like your own private oasis.

19. 2016-11-07
    soldstatus $300,000
20. 2016-03-04
    historical
21. 2016-02-21
    listed $329,000 Active
22. 1997-09-08
    soldstatus $180,000
23. 1991-05-29
    soldstatus $18,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥105°F today · 17 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 60% 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: $27,554
• − Mortgage interest: −$157
• − Property taxes: −$42
• − Insurance: −$14
• − Repairs & maintenance: −$2,204
• − Management: −$2,204
• − Depreciation: −$81
• Taxable income: $22,851
• Est. tax owed @ 24.0%: −$5,484
• After-tax cash flow: $16,051/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: Wake County Schools
• NCES district ID: 3704720
• Math proficiency: 52% ▲ 2.00%
• Reading proficiency: 60% ▲ 4.00%
• Median HH income: $67,509
• Composite: 49.41/100
• National rank: #2010
• State rank: #35 of 178 in NC

Livability — Fuquay-Varina

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Fuquay-Varina, NC
• County: Wake County · 1,216,256 people
• Metro: Raleigh-Cary, NC
• Population (ZIP): 61,588
• Household income: $110,017
• Rent vs Own: 19.5% rent · 80.5% own
• Severe rent burden: 844.0

Population outlook (Wake County) Hauer SSP2

• Today (2025): 1,293,152 people
• By 2030: 1,428,223 · +10.4%
• By 2040: 1,698,188 · +31.3%
• By 2050: 1,955,807 · +51.2%
• By 2075: 2,520,273 · +94.9%
• By 2100: 2,893,335 · +123.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Black 14% Hispanic / Latino 10% Two or more races 9% Asian 2%
• Hispanic origin (detail): Mexican 6% Puerto Rican 2%
• Common ancestry: Slovak 3% Romanian 2% Italian 2%
• Foreign-born: 6% · Canada
• Languages at home: 90% English-only · Spanish 6% Other Indo-European 1% French/Haitian/Cajun 1%

Political lean MEDSL · Wake

• 2024 margin: Strong D (+25.5) · D 61.9% · R 36.4% · Other 1.7%
• 2008→2024 swing: +11.1pp toward D · 2008: 14.4pp · 2024: 25.5pp
• All cycles: 2024: D+25.5 2020: D+26.4 2016: D+20.5 2012: D+10.2 2008: D+14.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -121.48%
• Current HPI: 246.1976
• Rent YoY: ▲ 3.12%
• Metro: Raleigh-Cary, 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

-84.4% since first listed

19 events — show timeline

• 2026-04-29 Coming Soon $2,800 TMLS
• 2025-04-03 Rental Removed $2,800 RENTALBEAST
• 2025-04-01 Listed for Rent $2,800 RENTALBEAST
• 2025-03-13 Rental Removed $3,250 TMLS
• 2025-03-08 Listed for Rent $3,250 TMLS
• 2025-01-22 Sold (Public Records) $650,000 Public Records
• 2025-01-22 Sold (MLS) $650,000 TMLS
• 2024-12-11 Contingent — TMLS
• 2024-11-16 Price Changed $650,000 TMLS
• 2024-11-15 Listed $600,000 TMLS
• 2021-10-07 Sold (MLS) $450,000 TMLS
• 2021-09-15 Pending — TMLS
• 2021-09-03 Listed $450,000 TMLS
• 2021-08-24 Coming Soon $450,000 TMLS
• 2016-11-07 Sold (Public Records) $300,000 Public Records
• 2016-03-04 Listing Removed — TMLS
• 2016-02-21 Listed $329,000 TMLS
• 1997-09-08 Sold (Public Records) $180,000 Public Records
• 1991-05-29 Sold (Public Records) $18,000 Public Records

Property tax history

+4.0%/yr

Latest (2025): $4,910 · +0.4% YoY. Source: county tax records.