519 Kime Ave · Liberty, NC 27298

$199,900

3 bd · 1.0 ba · 1,260 sqft · SingleFamily public records · 89 Days on market

Built 1962 0.70 ac lot Est $253k · 21% 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 +14.4/30.0
• DSCR +4.4/10.0
• Livability +3.7/5.0
• 1% rule +3.6/10.0
• Schools +3.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Love Coming Home to this 3 bedroom brick ranch with custom cabinets in kitchen, fireplace in living room and full basement (part of basement is finished and includes shower and wood burning fireplace). House sits on large 0.70 acre lot inside Town of Liberty. Large deck overlooking shady backyard. Workshop out back has electricity and plumbing. Interior pictures coming soon. Showings begin Wednesday 06/08/22.

Key facts

• Spacious lot
• Outdoor space
• Excellent storage

Tags

• SPACIOUS LOT
• FULL UNFINISHED BASEMENT
• EXCELLENT STORAGE
• OUTDOOR SPACE

Property features AI

Finance

• HOA & community: No association

Exterior

• Parking: Attached carport (2 parking spaces); Carport
• Security: Deadbolt(s)
• Utilities: Public water; Public sewer; Gas water heater; Natural gas service
• Home design: Residential stick/site-built house; One level
• Construction: Built in 1962; Brick construction; Basement: unfinished
• Exterior features: Cable available; Public maintained road; Storage building/other structure

Interior

• Kitchen: Microwave; Dishwasher; Free-standing range; Gas water heater
• Bedrooms: Bedrooms located on main level
• Flooring: Laminate
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating (natural gas); Central air conditioning
• Interior features: Primary bedroom on main level; Attic access only; Deadbolt(s)
• Laundry & utility: Dryer connection

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $40 ($484/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 $172k (13.8% below list).
• Recommended offer: $172k (13.8% below list) — sets the bar for 1% rule.
• Cap rate 6.5% vs local median 4.1% in Liberty — 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 74/100 on livability (#56 in NC, #4,472 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F, employment F.
• Randolph County School System (rural): math 43% / reading 43% proficiency, ranked #94 of 178 in NC (top 53%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Liberty Elementary School (math 42% / reading 37%, grade F, #694 of 1,410 statewide, top 53%, 415 students, 77% FRL); Northeastern Randolph Middle School (math 36% / reading 39%, grade F, #256 of 475 statewide, top 55%, 481 students, 61% FRL); Providence Grove High School (math 47% / reading 52%, grade D, #311 of 535 statewide, top 60%, 653 students, 51% FRL).
• Market conditions: 80 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 789 units permitted in Randolph County in 2024 (168 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 $6k of value loss. Plan a longer hold.
• Randolph County population projected to shrink 10% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 89 days — a 6% lower offer ($188k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 18y ago; this cycle's ask has dropped $30k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% 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 $172,354 (13.8% below list)

Questions for the listing agent

1. It's been on market 89 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
2. Built in 1962 — 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 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?
6. 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?
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: 0.86% ✗
• Cap rate: 6.53%
• Cash-on-cash: 0.86%
• DSCR: 1.04
• GRM: 9.7

CMA / ARV

• ARV (on-the-fly): $253,260
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
420 E Grandview Ave	0.22mi	3/2.0	1,263 (+0%)	10mo	$273,000	$216	77
525 E Kime Ave	0.02mi	3/2.0	1,220 (-3%)	24mo	$269,900	$221	70
530 E Raleigh Ave	0.30mi	3/2.0	1,317 (+4%)	11mo	$287,500	$218	66
409 S Fayetteville St	0.44mi	4/2.0 (+1)	1,244 (-1%)	4mo	$225,000	$181	65
432 E Raleigh Ave	0.30mi	3/2.0	1,225 (-3%)	16mo	$265,000	$216	64
567 E Ridge Ave	0.21mi	3/2.5	1,369 (+9%)	11mo	$270,000	$197	60
634 E Swannanoa Ave	0.52mi	3/2.0	1,344 (+7%)	1mo	$288,700	$215	60
345 E Starmount Ave	0.65mi	3/1.5	1,355 (+8%)	1mo	$205,000	$151	54
378 E Raleigh Ave	0.37mi	3/2.0	1,369 (+9%)	13mo	$250,000	$183	54
675 S Valley St	0.34mi	3/2.0	1,425 (+13%)	23mo	$286,000	$201	40
535 Asheboro St	0.61mi	3/1.5	1,076 (-15%)	12mo	$199,000	$185	36

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: -14.9%
• Equity multiple: 0.47×
• Total profit: $-29,836
• Equity at exit: $29,806

10-year hold

• IRR: -6.3%
• Equity multiple: 0.59×
• Total profit: $-22,720
• Equity at exit: $17,284

Cash invested: $55,972 (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 27298

• Home prices YoY: -12.8%
• Active inventory: 80
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $1,724 medium
• Mortgage (P&I): −$1,048
• Tax from tax record: −$190 /mo · $2,276/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$362
• Net cashflow: $40

Break-even live

Break-even rent $1,673

Max offer price $199,900

Occupancy floor 93%

Sensitivity live

Price	-10% $153	-5% $97	+0% $40	+5% $-16	+10% $-73
Rent	-10% $-96	-5% $-28	+0% $40	+5% $108	+10% $176
Rate	-1.0pp $141	-0.5pp $91	base $40	+0.5pp $-11	+1.0pp $-64

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
315 E Dameron Ave Liberty, NC	3.0	1.0	1050	$1,650	$1.57	14d	1	0.25mi
3773 Hinshaw Country Rd Liberty, NC	3.0	2.0	1220	$1,750	$1.43	14d	1	0.27mi
400 N Smith St Liberty, NC	3.0	2.0	1220	$1,825	$1.50	15d	1	1.13mi
408 N Smith St Liberty, NC	3.0	2.0	1220	$1,795	$1.47	21d	1	1.13mi

Listing history 29 events

1. 2026-06-21
   days on market $199,900 Active 89 DOM
2. 2026-06-18
   remarks 606-char remark
3. 2026-06-18
   days on market $199,900 Active 86 DOM
4. 2026-06-17
   days on market $199,900 Active 85 DOM
5. 2026-06-16
   days on market $199,900 Active 84 DOM
6. 2026-06-15
   days on market $199,900 Active 83 DOM
7. 2026-06-14
   days on market $199,900 Active 81 DOM
8. 2026-06-10
   days on market $199,900 Active 78 DOM
9. 2026-06-09
   days on market $199,900 Active 77 DOM
10. 2026-06-08
    days on market $199,900 Active 76 DOM
11. 2026-06-07
    days on market $199,900 Active 75 DOM
12. 2026-06-05
    days on market $199,900 Active 72 DOM
13. 2026-06-03
    days on market $199,900 Active 71 DOM
14. 2026-06-02
    days on market $199,900 Active 70 DOM
15. 2026-06-01
    days on market $199,900 Active 69 DOM
16. 2026-05-31
    days on market $199,900 Active 68 DOM
17. 2026-05-31
    days on market $199,900 Active 67 DOM
18. 2026-04-21
    price $219,900
19. 2026-03-24
    listed $229,900 Active
20. 2022-07-11
    soldstatus $190,000 412-char remark

    Show marketing remark (476 chars)

    Love Coming Home to this 3 bedroom brick ranch sitting on .70 acre lot inside Town of Liberty. This home features custom cabinets in kitchen, fireplace in den, and a basement--half of which is finished and includes a fireplace and a shower. Home has a maintenance free metal roof, newer HVAC system, attached carport and large deck. All kitchen appliances remain including refrigerator. Outbuilding is wired. More photos coming soon. Opens for showings on Wednesday, June 8th!

21. 2022-07-11
    soldstatus $190,000 Closed 412-char remark

    Show marketing remark (476 chars)

    Love Coming Home to this 3 bedroom brick ranch sitting on .70 acre lot inside Town of Liberty. This home features custom cabinets in kitchen, fireplace in den, and a basement--half of which is finished and includes a fireplace and a shower. Home has a maintenance free metal roof, newer HVAC system, attached carport and large deck. All kitchen appliances remain including refrigerator. Outbuilding is wired. More photos coming soon. Opens for showings on Wednesday, June 8th!

22. 2022-07-11
    soldstatus $190,000 Closed 476-char remark

    Show marketing remark (476 chars)

    Love Coming Home to this 3 bedroom brick ranch sitting on .70 acre lot inside Town of Liberty. This home features custom cabinets in kitchen, fireplace in den, and a basement--half of which is finished and includes a fireplace and a shower. Home has a maintenance free metal roof, newer HVAC system, attached carport and large deck. All kitchen appliances remain including refrigerator. Outbuilding is wired. More photos coming soon. Opens for showings on Wednesday, June 8th!

23. 2022-07-11
    soldstatus $190,000

    Show marketing remark (476 chars)

    Love Coming Home to this 3 bedroom brick ranch sitting on .70 acre lot inside Town of Liberty. This home features custom cabinets in kitchen, fireplace in den, and a basement--half of which is finished and includes a fireplace and a shower. Home has a maintenance free metal roof, newer HVAC system, attached carport and large deck. All kitchen appliances remain including refrigerator. Outbuilding is wired. More photos coming soon. Opens for showings on Wednesday, June 8th!

24. 2022-06-04
    status Pending 476-char remark

    Show marketing remark (412 chars)

    Love Coming Home to this 3 bedroom brick ranch with custom cabinets in kitchen, fireplace in living room and full basement (part of basement is finished and includes shower and wood burning fireplace). House sits on large 0.70 acre lot inside Town of Liberty. Large deck overlooking shady backyard. Workshop out back has electricity and plumbing. Interior pictures coming soon. Showings begin Wednesday 06/08/22.

25. 2022-06-04
    status Pending 412-char remark

    Show marketing remark (412 chars)

    Love Coming Home to this 3 bedroom brick ranch with custom cabinets in kitchen, fireplace in living room and full basement (part of basement is finished and includes shower and wood burning fireplace). House sits on large 0.70 acre lot inside Town of Liberty. Large deck overlooking shady backyard. Workshop out back has electricity and plumbing. Interior pictures coming soon. Showings begin Wednesday 06/08/22.

26. 2022-06-03
    historical $185,000 476-char remark

    Show marketing remark (412 chars)

    Love Coming Home to this 3 bedroom brick ranch with custom cabinets in kitchen, fireplace in living room and full basement (part of basement is finished and includes shower and wood burning fireplace). House sits on large 0.70 acre lot inside Town of Liberty. Large deck overlooking shady backyard. Workshop out back has electricity and plumbing. Interior pictures coming soon. Showings begin Wednesday 06/08/22.

27. 2022-06-03
    listed $185,000 412-char remark

    Show marketing remark (412 chars)

    Love Coming Home to this 3 bedroom brick ranch with custom cabinets in kitchen, fireplace in living room and full basement (part of basement is finished and includes shower and wood burning fireplace). House sits on large 0.70 acre lot inside Town of Liberty. Large deck overlooking shady backyard. Workshop out back has electricity and plumbing. Interior pictures coming soon. Showings begin Wednesday 06/08/22.

28. 2009-03-04
    historical
29. 2008-09-04
    listed $129,900

ⓘ 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: $2,276 · $190/mo
• Projected year-2 tax: $2,276 · $190/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 ≥102°F today · 17 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% 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: $20,682
• − Mortgage interest: −$11,198
• − Property taxes: −$2,276
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,655
• − Management: −$1,655
• − Depreciation: −$5,815
• Taxable loss: −$2,915
• Est. tax savings @ 24.0%: +$700
• After-tax cash flow: $1,183/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: Randolph County School System
• NCES district ID: 3703780
• Math proficiency: 43% ▲ 1.00%
• Reading proficiency: 43% ▲ 2.00%
• Median HH income: $43,490
• Composite: 36.37/100
• National rank: #4686
• State rank: #94 of 178 in NC

Livability — Liberty

• Score: 74/100
• State rank: #56
• US rank: #4472

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Liberty, NC
• Population (ZIP): 10,507

Population outlook (Randolph County) Hauer SSP2

• Today (2025): 142,640 people
• By 2030: 140,911 · -1.2%
• By 2040: 135,692 · -4.9%
• By 2050: 128,575 · -9.9%
• By 2075: 111,507 · -21.8%
• By 2100: 93,376 · -34.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (76%)
• Race & ethnicity: White 76% Hispanic / Latino 15% Two or more races 10% Black 7%
• Hispanic origin (detail): Mexican 12%
• Common ancestry: Slovak 4% Lithuanian 2% Serbian 1%
• Foreign-born: 7% · Canada
• Languages at home: 90% English-only · Spanish 9% French/Haitian/Cajun 1%

Political lean MEDSL · Randolph

• 2024 margin: Solid R (+57.2) · D 21.0% · R 78.3%
• 2008→2024 swing: -15.0pp toward R · 2008: -42.3pp · 2024: -57.2pp
• All cycles: 2024: R+57.2 2020: R+56.3 2016: R+56.7 2012: R+50.2 2008: R+42.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -37.90%
• Current HPI: 257.7834
• 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

+69.3% since first listed

12 events — show timeline

• 2026-04-21 Price Changed $219,900 Triad MLS
• 2026-03-24 Listed $229,900 Triad MLS
• 2022-07-11 Sold (Public Records) $190,000 Public Records
• 2022-07-11 Sold (MLS) $190,000 Triad MLS
• 2022-07-11 Sold (MLS) $190,000 AMLSNC
• 2022-07-11 Sold (MLS) $190,000 TMLS
• 2022-06-04 Pending — Triad MLS
• 2022-06-04 Pending — AMLSNC
• 2022-06-03 Coming Soon $185,000 Triad MLS
• 2022-06-03 Listed $185,000 TMLS
• 2009-03-04 Listing Removed — TMLS
• 2008-09-04 Listed $129,900 TMLS

Property tax history

+6.3%/yr

Latest (2025): $2,276 · +7.0% YoY. Source: county tax records.