443 Pads Rd · Cricket, NC 28697

$194,500

3 bd · 1.0 ba · 1,170 sqft · SingleFamily public records · 5 Days on market

Built 1960 0.89 ac lot Est $178k · 9% over

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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 +12.1/30.0
• Schools +4.3/10.0
• Appreciation +4.0/10.0
• DSCR +3.6/10.0
• ARV discount +3.3/15.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.3/10.0

Listing remarks MLS

Charming, convenient, and close to town! This beautiful home is located just minutes from Hwy 421 and features a full sized basement with full bathroom, an additional garage, storage shed and spacious backyard. This property offers endless possibilities and is ready for its next owner. Roof installed in 2016.

Key facts

• Additional garage
• Spacious backyard
• Full bathroom

Tags

• FULL SIZED BASEMENT
• FULL BATHROOM
• ADDITIONAL GARAGE
• STORAGE SHED
• SPACIOUS BACKYARD

Property features AI

Finance

• Other: Lot size approximately 0.89 acres; Road is publicly maintained
• HOA & community: No HOA

Exterior

• Parking: Attached carport (1 space); Detached garage (additional garage in back); Driveway; Main-level garage (1 space); Carport (1 space)
• Utilities: Public water; Septic system installed
• Home design: Single family residence (site built); One level; R1 zoning
• Construction: Brick exterior; Basement foundation; Site built construction
• Exterior features: Asphalt-paved public road access

Interior

• Kitchen: No appliances listed
• Bedrooms: 3 bedrooms on the main level
• Bathrooms: 1 full bathroom on the main level
• Heating & cooling: Central heating; Electric heating; Forced air; Heat pump; Propane heating; Wood stove; Electric cooling; Heat pump cooling; Wall unit(s)
• Interior features: Partially finished basement; 5 total rooms
• Laundry & utility: Electric dryer hookup inside

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $194k.

Deal economics

• At list price, monthly cash flow is $-43 ($-511/yr) — negative.
• To cash-flow at today's rent, offer at most $187k (3.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $143k (26.6% below list).
• Recommended offer: $143k (26.6% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 63/100 on livability (#419 in NC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: health & safety C-, amenities F, commute F.
• Wilkes County Schools (rural): math 55% / reading 50% proficiency, ranked #59 of 178 in NC (top 33%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Millers Creek Elementary School (math 58% / reading 50%, grade C, #328 of 1,410 statewide, top 24%, 734 students, 100% FRL); West Wilkes Middle School (math 48% / reading 42%, grade D, #160 of 475 statewide, top 35%, 468 students, 99% FRL); West Wilkes High School (math 57% / reading 62%, grade C+, #216 of 535 statewide, top 43%, 628 students, 47% FRL) — zoned schools average 82% FRL vs 56% district-wide (25 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 99 active listings in the ZIP; 134 units permitted in Wilkes County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-2.1%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Wilkes County population projected at -18% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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: extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $142,718 (26.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1960 — 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. 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?
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: 0.73% ✗
• Cap rate: 6.03%
• Cash-on-cash: -0.94%
• DSCR: 0.96
• GRM: 11.4

CMA / ARV

• ARV (on-the-fly): $177,840
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
191 Union Methodist Ch Rd	0.56mi	2/1.0 (-1)	1,100 (-6%)	5mo	$157,000	$143	55
1953 Boone Trl	0.67mi	2/1.0 (-1)	1,100 (-6%)	2mo	$185,000	$168	52
455 Winkler Mill Rd	0.53mi	2/1.0 (-1)	1,315 (+12%)	16mo	$199,900	$152	36

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-2.1% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -12.6%
• Equity multiple: 0.51×
• Total profit: $-26,879
• Equity at exit: $36,909

10-year hold

• IRR: -5.0%
• Equity multiple: 0.62×
• Total profit: $-20,646
• Equity at exit: $30,722

Cash invested: $54,460 (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 28697

• Home prices YoY: -0.7%
• Active inventory: 99
• Price-to-rent: 11.4×

Monthly cashflow live

• Estimated rent: $1,427 medium
• Mortgage (P&I): −$1,020
• Tax from tax record: −$69 /mo · $828/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$300
• Net cashflow: $-43

Break-even live

Break-even rent $1,481

Max offer price $186,982

Occupancy floor 98%

Sensitivity live

Price	-10% $68	-5% $12	+0% $-43	+5% $-98	+10% $-153
Rent	-10% $-155	-5% $-99	+0% $-43	+5% $14	+10% $70
Rate	-1.0pp $55	-0.5pp $7	base $-43	+0.5pp $-93	+1.0pp $-144

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: $48,625
• Closing costs: $5,835
• Reserves months: —
• Total cash needed: —

Listing history 4 events

1. 2026-04-30
   status Pending 310-char remark

   Show marketing remark (310 chars)

   Charming, convenient, and close to town! This beautiful home is located just minutes from Hwy 421 and features a full sized basement with full bathroom, an additional garage, storage shed and spacious backyard. This property offers endless possibilities and is ready for its next owner. Roof installed in 2016.

2. 2026-04-30
   status Pending

   Show marketing remark (310 chars)

   Charming, convenient, and close to town! This beautiful home is located just minutes from Hwy 421 and features a full sized basement with full bathroom, an additional garage, storage shed and spacious backyard. This property offers endless possibilities and is ready for its next owner. Roof installed in 2016.

3. 2026-04-24
   listed $194,500 Active 310-char remark

   Show marketing remark (310 chars)

   Charming, convenient, and close to town! This beautiful home is located just minutes from Hwy 421 and features a full sized basement with full bathroom, an additional garage, storage shed and spacious backyard. This property offers endless possibilities and is ready for its next owner. Roof installed in 2016.

4. 2026-04-24
   listed $194,500 Active

   Show marketing remark (310 chars)

   Charming, convenient, and close to town! This beautiful home is located just minutes from Hwy 421 and features a full sized basement with full bathroom, an additional garage, storage shed and spacious backyard. This property offers endless possibilities and is ready for its next owner. Roof installed in 2016.

ⓘ 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: $828 · $69/mo
• Projected year-2 tax: $1,595 · $133/mo
• Expected delta: +$767/yr (+$64/mo · 92.6%)

ⓘ 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 5/10 Major 7 d/yr ≥100°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% 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: $17,126
• − Mortgage interest: −$10,895
• − Property taxes: −$828
• − Insurance: −$972
• − Repairs & maintenance: −$1,370
• − Management: −$1,370
• − Depreciation: −$5,658
• Taxable loss: −$3,968
• Est. tax savings @ 24.0%: +$952
• After-tax cash flow: $442/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: Wilkes County Schools
• NCES district ID: 3704950
• Math proficiency: 55% ▲ 13.00%
• Reading proficiency: 50% ▲ 5.00%
• Median HH income: $34,538
• Composite: 43.41/100
• National rank: #3017
• State rank: #59 of 178 in NC

Livability — Cricket

• Score: 63/100
• State rank: #419
• US rank: #15662

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 13,412

Population outlook (Wilkes County) Hauer SSP2

• Today (2025): 66,349 people
• By 2030: 64,411 · -2.9%
• By 2040: 59,800 · -9.9%
• By 2050: 54,770 · -17.5%
• By 2075: 45,211 · -31.9%
• By 2100: 36,956 · -44.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (83%)
• Race & ethnicity: White 83% Hispanic / Latino 10% Black 5% Two or more races 5%
• Hispanic origin (detail): Mexican 7% Puerto Rican 1%
• Common ancestry: Serbian 4% Italian 2% Slovak 2%
• Foreign-born: 3% · Canada
• Languages at home: 93% English-only · Spanish 7%

Political lean MEDSL · Wilkes

• 2024 margin: Solid R (+59.6) · D 19.9% · R 79.5%
• 2008→2024 swing: -21.5pp toward R · 2008: -38.2pp · 2024: -59.6pp
• All cycles: 2024: R+59.6 2020: R+56.6 2016: R+55.2 2012: R+42.7 2008: R+38.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -2.10%
• Current HPI: 312.7598
• 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

+0.0% since first listed

4 events — show timeline

• 2026-04-30 Pending — Triad MLS
• 2026-04-30 Pending — CANOPYMLS as Distributed by MLS Grid
• 2026-04-24 Listed $194,500 CANOPYMLS as Distributed by MLS Grid
• 2026-04-24 Listed $194,500 Triad MLS

Property tax history

+2.6%/yr

Latest (2025): $828 · +39.1% YoY. Source: county tax records.