626 Taylor St · Wilmington, NC 28401

$244,900

3 bd · 2.0 ba · 1,220 sqft · SingleFamily public records · 10 Days on market

Built 2002 6,490 sqft lot Est $362k · 32% under

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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).

• ARV discount +15.0/15.0
• Cash flow +14.7/30.0
• DSCR +4.5/10.0
• Schools +4.3/10.0
• Livability +3.5/5.0
• 1% rule +3.0/10.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This cute home is move in ready. Features include hardwood floors throughout, open floor plan, Master suit upstairs, spare room that would make a great office, or additional bedroom, back deck, fenced in yard and located at the end of a cul-de-sac. Located just a few blocks from downtown Wilmington.

Key facts

• 6,490 sq ft lot
• Built 2002
• Listed 10 days

Property features AI

Finance

• Other: Zoning: R-3
• Financial info: Financial details not provided
• HOA & community: No association amenities

Exterior

• Parking: On-site parking; On-street parking; Parking available in front of house
• Security: Security information not provided
• Utilities: Public water; Sewer available; Water available
• Home design: Single-family residence; Two levels; Entry level: 1; Not in a subdivision; Facing/directional info not provided
• Construction: Vinyl siding and frame construction; Built year not provided
• Exterior features: Deck; Porch; Chain link fencing; Shingle roof; Paved road access; Frontage: see remarks

Interior

• Kitchen: Laundry located in the kitchen
• Bedrooms: Bedrooms information not provided
• Flooring: Flooring information not provided
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air conditioning; Electric forced-air heating
• Interior features: 7 total rooms; Crawl space basement; Has a view
• Laundry & utility: Laundry in kitchen

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $245k.

Deal economics

• At list price, monthly cash flow is $63 ($751/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 $195k (20.3% below list).
• Recommended offer: $195k (20.3% below list) — sets the bar for 1% rule.
• Cap rate 6.6% vs local median 2.6% in Wilmington — 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 (#142 in NC) — a middle-class / working-renter tenant base. Strengths: health & safety A+, cost of living B+, housing B+; Watch: amenities C-, employment C-, crime F.
• New Hanover County Schools (urban): math 48% / reading 53% proficiency, ranked #61 of 178 in NC (top 34%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: A H Snipes Academy of Arts/Des (math 17% / reading 22%, grade F, #1,242 of 1,410 statewide, top 90%, 377 students, 99% FRL); Williston Middle (math 17% / reading 30%, grade F, #402 of 475 statewide, top 85%, 683 students, 100% FRL); New Hanover High (math 60% / reading 53%, grade C, #261 of 535 statewide, top 49%, 1,466 students, 100% FRL) — zoned schools average 100% FRL vs 42% district-wide (58 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 33% at this address vs 50% district-wide (-17 pts) — the specific schools serving this property underperform the New Hanover County Schools average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-0.5%/yr); 278 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 2,581 units permitted in New Hanover County in 2024 (1,185 in 5+ unit buildings).
• This rent runs 40% of the median local income ($58k/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 $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• New Hanover County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 14y 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: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $195,115 (20.3% below list)

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. 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?
3. 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?
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: 0.80% ✗
• Cap rate: 6.60%
• Cash-on-cash: 1.10%
• DSCR: 1.05
• GRM: 10.5

CMA / ARV

• ARV (on-the-fly): $362,340
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
516 Brunswick St	0.36mi	2/1.0 (-1)	1,194 (-2%)	1mo	$370,000	$310	70
823 Campbell St	0.51mi	3/3.0	1,236 (+1%)	2mo	$399,000	$323	68
410 Mcrae St	0.61mi	3/2.0	1,197 (-2%)	2mo	$360,000	$301	67
925 Campbell St	0.56mi	3/2.5	1,248 (+2%)	8mo	$300,000	$240	62
1301 King St	0.61mi	3/1.0	1,256 (+3%)	1mo	$140,000	$111	62
813 Walnut St	0.64mi	2/2.0 (-1)	1,163 (-5%)	4mo	$345,000	$297	54
707 Grace St	0.70mi	4/2.0 (+1)	1,292 (+6%)	2mo	$450,000	$348	51
710 Grace St	0.72mi	3/2.0	1,326 (+9%)	5mo	$500,000	$377	47
908 Campbell St	0.56mi	2/1.0 (-1)	1,100 (-10%)	3mo	$225,000	$205	46
609 N 10th St	0.54mi	4/2.0 (+1)	1,363 (+12%)	5mo	$268,000	$197	46
717 Red Cross St	0.55mi	3/2.0	1,045 (-14%)	7mo	$310,800	$297	45
1011 Rankin St	0.65mi	2/2.0 (-1)	1,039 (-15%)	4mo	$265,000	$255	37

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -17.6%
• Equity multiple: 0.39×
• Total profit: $-41,517
• Equity at exit: $36,515

10-year hold

• IRR: -15.8%
• Equity multiple: 0.22×
• Total profit: $-53,530
• Equity at exit: $21,174

Cash invested: $68,572 (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 28401

• Rents YoY: -0.5%
• Active inventory: 278
• Price-to-rent: 10.5×

Monthly cashflow live

• Estimated rent: $1,951 high
• Mortgage (P&I): −$1,284
• Tax from tax record: −$92 /mo · $1,110/yr
• Insurance: −$102
• HOA: −$0
• Vacancy / Maint / Mgmt: −$410
• Net cashflow: $63

Break-even live

Break-even rent $1,872

Max offer price $244,900

Occupancy floor 92%

Sensitivity live

Price	-10% $201	-5% $132	+0% $63	+5% $-7	+10% $-76
Rent	-10% $-92	-5% $-14	+0% $63	+5% $140	+10% $217
Rate	-1.0pp $186	-0.5pp $125	base $63	+0.5pp $-1	+1.0pp $-65

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: $61,225
• Closing costs: $7,347
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
710 Taylor St Unit D Wilmington, NC	2.0	2.0	885	$1,395	$1.58	15d	1	0.12mi
816 Nixon St Apt D Wilmington, NC	3.0	2.0	1270	$1,650	$1.30	23d	1	0.17mi
507 Bladen St Wilmington, NC	2.0	2.0	1222	$2,500	$2.05	23d	1	0.28mi
1015 Nutt St Wilmington, NC	1.0–2.0	1.0–2.0	934	$2,150	$2.30	15d	28	0.37mi
1045 N Front St Wilmington, NC	1.0–3.0	1.0–2.0	1107	$2,898	$2.62	15d	19	0.39mi
805 N 4th St Unit 201 Wilmington, NC	2.0	2.0	1200	$2,000	$1.67	23d	1	0.39mi
814 N 3rd St Wilmington, NC	2.0	2.0	1009	$1,692	$1.68	15d	3	0.41mi
19 Harnett St Wilmington, NC	2.0	1.0–2.0	832	$3,709	$4.46	15d	18	0.53mi
705 Brooks Aly Wilmington, NC	2.0	3.0	1308	$1,950	$1.49	23d	1	0.54mi
901 Nutt St Wilmington, NC	3.0	1.0–3.0	1112	$5,769	$5.19	15d	24	0.57mi
709 N 11th St Wilmington, NC	2.0	1.0	800	$1,475	$1.84	23d	1	0.57mi
524 N 2nd St Wilmington, NC	2.0	2.0	1000	$1,450	$1.45	23d	1	0.61mi
1419 King St Wilmington, NC	3.0	2.5	1389	$2,200	$1.58	23d	1	0.73mi
14 Grace St Wilmington, NC	1.0–2.0	1.0–2.0	1041	$2,347	$2.25	15d	3	0.92mi
420 Market St Wilmington, NC	1.0–3.0	1.0	935	$1,500	$1.60	15d	1	1.00mi
106 Ann St Wilmington, NC	2.0	2.5	1150	$2,450	$2.13	23d	1	1.31mi
418 S 8th St Wilmington, NC	2.0	1.0	873	$2,200	$2.52	15d	1	1.38mi
1904 Perry Ave Wilmington, NC	2.0	1.0	1017	$2,500	$2.46	23d	1	1.42mi
422 S 3rd St Wilmington, NC	2.0	1.0	734	$1,550	$2.11	15d	1	1.43mi
506 S 7th St Wilmington, NC	3.0	1.0	1250	$1,800	$1.44	15d	1	1.43mi
506 S 7th St Wilmington, NC	3.0	1.0	1250	$1,800	$1.44	23d	1	1.43mi
511 S 10th St Unit 1 Wilmington, NC	3.0	2.0	1200	$2,000	$1.67	15d	1	1.48mi

Listing history 8 events

1. 2026-06-21
   days on market $244,900 Active 10 DOM
2. 2026-06-18
   days on market $244,900 Active 7 DOM
3. 2026-06-17
   days on market $244,900 Active 6 DOM
4. 2026-06-16
   days on market $244,900 Active 5 DOM
5. 2026-06-15
   days on market $244,900 Active 4 DOM
6. 2026-06-14
   days on market $244,900 Active 2 DOM
7. 2026-06-13
   remarks 507-char remark
8. 2026-06-13
   listed $244,900 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: $1,110 · $92/mo
• Projected year-2 tax: $2,008 · $167/mo
• Expected delta: +$898/yr (+$75/mo · 80.9%)

ⓘ 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 9/10 Extreme 7 d/yr ≥105°F today · 19 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 99% 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: $23,414
• − Mortgage interest: −$13,718
• − Property taxes: −$1,110
• − Insurance: −$1,224
• − Repairs & maintenance: −$1,873
• − Management: −$1,873
• − Depreciation: −$7,124
• Taxable loss: −$3,509
• Est. tax savings @ 24.0%: +$842
• After-tax cash flow: $1,593/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: New Hanover County Schools
• NCES district ID: 3703330
• Math proficiency: 48% ▼ -3.00%
• Reading proficiency: 53% ▬ 0.00%
• Median HH income: $49,406
• Composite: 43.13/100
• National rank: #3081
• State rank: #61 of 178 in NC

Livability — Wilmington

• Score: 70/100
• State rank: #142
• US rank: #8131

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wilmington, NC
• County: New Hanover County · 232,153 people
• City population: 215,355
• Metro: Wilmington, NC
• Population (ZIP): 22,007
• Household income: $57,968
• Rent vs Own: 58.9% rent · 41.1% own
• Severe rent burden: 1696.0

Population outlook (New Hanover County) Hauer SSP2

• Today (2025): 259,517 people
• By 2030: 279,586 · +7.7%
• By 2040: 318,223 · +22.6%
• By 2050: 354,831 · +36.7%
• By 2075: 437,158 · +68.5%
• By 2100: 486,769 · +87.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: White 52% Black 33% Hispanic / Latino 9% Two or more races 7%
• Hispanic origin (detail): Mexican 5% Puerto Rican 1%
• Common ancestry: Romanian 2% Serbian 2% Lithuanian 2%
• Foreign-born: 6% · Canada
• Languages at home: 91% English-only · Spanish 7% Other Indo-European 1%

Political lean MEDSL · New Hanover

• 2024 margin: Toss-up / Even · D 49.8% · R 49.1% · Other 1.1%
• 2008→2024 swing: +2.0pp toward D · 2008: -1.4pp · 2024: 0.6pp
• All cycles: 2024: D+0.6 2020: D+2.1 2016: R+4.1 2012: R+4.7 2008: R+1.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -309.34%
• Current HPI: 293.4396
• Rent YoY: ▼ -0.52%
• Metro: Wilmington, 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

+157.8% since first listed

13 events — show timeline

• 2026-06-11 Listed $244,900 Hive MLS
• 2025-11-03 Price Changed $244,900 Hive MLS
• 2025-09-12 Relisted — Hive MLS
• 2025-06-18 Pending — Hive MLS
• 2025-06-18 Listing Removed — Hive MLS
• 2025-02-17 Listed $254,900 Hive MLS
• 2022-07-07 Sold (Public Records) $1,775,000 Public Records
• 2017-11-13 Sold (Public Records) $105,500 Public Records
• 2017-11-13 Sold (MLS) $105,500 Hive MLS
• 2017-09-07 Listed $120,000 Hive MLS
• 2012-11-27 Sold (MLS) $79,500 Hive MLS
• 2012-07-20 Listed $99,900 Hive MLS
• 2004-04-01 Sold (Public Records) $95,000 Public Records

Property tax history

+0.4%/yr

Latest (2025): $1,110 · -32.8% YoY. Source: county tax records.