124 Old English Ln · Anderson Creek, NC 28390

$1

3 bd · 2.0 ba · 1,294 sqft · SingleFamily public records · 2 Days on market

Built 2011

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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
• Rent growth +3.6/5.0
• Schools +3.0/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

A Must See!!!!! This move in ready home is an absolute gem. This home has luxury Trentwood Oak Laminate floor throughout, Vaulted ceiling covered in a fresh coat of paint. a water filtration system installed that covers the entire home and the dual flush toilets in both bathrooms. Lets not forget the fenced in backyard or the river rock flower bed that gives this home its curb appeal. A French drain was also added to the front gutters. This open concept home is sure to go quick....

Key facts

• 2 garage spots
• Built 2011
• Listed 2 days

Property features AI

Finance

• Other: Zoned RA-20M (Residential/Agricultural); Subdivision: Country Squire

Exterior

• Parking: Attached 2-car garage; 2 covered parking spaces
• Utilities: Public water
• Home design: Single-family residence; One story
• Construction: Vinyl siding
• Exterior features: Patio; Fenced backyard; Cleared lot; Paved road access

Interior

• Kitchen: Cooktop; Dishwasher; Microwave; Range; Refrigerator
• Flooring: Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Heat pump heating; Central electric air conditioning; Ceiling fans
• Interior features: Ceiling fan(s); Electric fireplace (1)
• Laundry & utility: In-unit laundry

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $1.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $1).
• Cap rate 1418443.0% vs local median 3.5% in Anderson Creek — 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.
• Harnett County Schools (rural): math 31% / reading 39% proficiency, ranked #130 of 178 in NC (top 73%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Overhills Elementary (math 31% / reading 35%, grade F, #890 of 1,410 statewide, top 64%, 930 students, 53% FRL); Overhills Middle (math 29% / reading 40%, grade F, #292 of 475 statewide, top 62%, 799 students, 61% FRL); Overhills High (math 52% / reading 63%, grade C, #245 of 535 statewide, top 46%, 1,971 students, 47% FRL) — zoned schools at 53% FRL track the district average.
• Market conditions: Rents rising fast (+4.5%/yr); 348 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 2,080 units permitted in Harnett County in 2024 (12 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $0 of loan paydown is wiped out by about $0 of value loss. Plan a longer hold.
• Harnett County population projected at +42% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 4.5% rent growth), your $0 cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 4y 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, 74% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $1

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: 149625.00% ✓
• Cap rate: 1418443.00%
• Cash-on-cash: 5065845.38%
• DSCR: 225402.61
• GRM: 0.0

CMA / ARV

• ARV (on-the-fly): $207,040
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
46 Old English Ln	0.08mi	3/2.0	1,460 (+13%)	3mo	$233,000	$160	72
86 Londontown Dr	0.25mi	3/2.0	1,152 (-11%)	1mo	$170,000	$148	69
51 Old Forte Trl	0.07mi	3/2.0	1,367 (+6%)	24mo	$179,500	$131	67
350 Old Salem Dr	0.20mi	3/2.0	1,335 (+3%)	22mo	$179,000	$134	67
5104 Marvin Dr	0.74mi	3/2.0	1,257 (-3%)	15mo	$220,000	$175	48
79 Orrin Ct	0.70mi	3/2.0	1,251 (-3%)	20mo	$220,000	$176	45
546 Old Salem Dr	0.33mi	3/2.0	1,457 (+13%)	22mo	$245,000	$168	45

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 · 4.49% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 277082.80×
• Total profit: $77,583
• Equity at exit: $0

10-year hold

• IRR: —
• Equity multiple: 622212.88×
• Total profit: $174,219
• Equity at exit: $0

Cash invested: $0 (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 28390

• Home prices YoY: -15.2%
• Rents YoY: 4.5%
• Active inventory: 348

Monthly cashflow live

• Estimated rent: $1,496 high
• Mortgage (P&I): −$0
• Tax est. 1.5%: −$0 /mo · $0/yr
• Insurance: −$0
• HOA: −$0
• Vacancy / Maint / Mgmt: −$314
• Net cashflow: $1,182

Break-even live

Break-even rent —

Max offer price $1

Occupancy floor 16%

Sensitivity live

Price	-10% $1,182	-5% $1,182	+0% $1,182	+5% $1,182	+10% $1,182
Rent	-10% $1,064	-5% $1,123	+0% $1,182	+5% $1,241	+10% $1,300
Rate	-1.0pp $1,182	-0.5pp $1,182	base $1,182	+0.5pp $1,182	+1.0pp $1,182

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: $0
• Closing costs: $0
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
54 Tryon Ct W Spring Lake, NC	3.0	2.0	1101	$1,400	$1.27	24d	1	0.22mi
16B Wedgewood Dr Spring Lake, NC	2.0	1.0–1.5	904	$1,120	$1.24	24d	15	0.39mi
65 W Northpoint Rd Spring Lake, NC	2.0	2.0	905	$1,197	$1.32	14d	2	0.53mi
201 W Northpoint Rd Spring Lake, NC	2.0	2.0	920	$1,197	$1.30	24d	1	0.66mi
290 W Northpoint Rd Spring Lake, NC	2.0	2.0	905	$1,197	$1.32	24d	1	0.75mi
38 Hallmark Dr Spring Lake, NC	3.0	2.0	1340	$1,800	$1.34	14d	1	0.82mi
301 River Oak St Spring Lake, NC	4.0	2.5	1859	$1,850	$1.00	24d	1	1.12mi

Listing history 3 events

1. 2026-06-18
   days on market $1 Active 2 DOM
2. 2026-06-17
   remarks 677-char remark
3. 2026-06-17
   listed $1 Active 1 DOM

ⓘ 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 6/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥106°F today · 17 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 74% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,955
• − Mortgage interest: −$0
• − Property taxes: −$0
• − Insurance: −$0
• − Repairs & maintenance: −$1,436
• − Management: −$1,436
• − Depreciation: −$0
• Taxable income: $15,082
• Est. tax owed @ 24.0%: −$3,620
• After-tax cash flow: $10,565/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: Harnett County Schools
• NCES district ID: 3702010
• Math proficiency: 31% ▼ -2.00%
• Reading proficiency: 39% ▼ -1.00%
• Median HH income: $45,400
• Composite: 29.88/100
• National rank: #6397
• State rank: #130 of 178 in NC

Livability — Anderson Creek

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

Census & demographics

• Census place: Anderson Creek, NC
• County: Harnett County · 125,715 people
• City population: 24,158
• Metro: Fayetteville, NC
• Population (ZIP): 24,000
• Household income: $62,972
• Rent vs Own: 50.7% rent · 49.3% own
• Severe rent burden: 811.0

Population outlook (Harnett County) Hauer SSP2

• Today (2025): 153,758 people
• By 2030: 166,581 · +8.3%
• By 2040: 192,741 · +25.4%
• By 2050: 218,332 · +42.0%
• By 2075: 275,422 · +79.1%
• By 2100: 313,511 · +103.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.70)
• Race & ethnicity: White 41% Black 33% Hispanic / Latino 14% Two or more races 12% Asian 2% Native American 1%
• Hispanic origin (detail): Mexican 6% Puerto Rican 4%
• Common ancestry: Italian 1% Slovak 1% Romanian 1%
• Foreign-born: 7% · Canada, South Korea, Jamaica
• Languages at home: 88% English-only · Spanish 8% German/W. Germanic 1% Korean 1%

Political lean MEDSL · Harnett

• 2024 margin: Strong R (+25.1) · D 36.9% · R 62.0% · Other 1.1%
• 2008→2024 swing: -8.4pp toward R · 2008: -16.7pp · 2024: -25.1pp
• All cycles: 2024: R+25.1 2020: R+22.4 2016: R+24.1 2012: R+19.4 2008: R+16.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -37.43%
• Current HPI: 207.9349
• Rent YoY: ▲ 4.49%
• Metro: Fayetteville, 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

+0.0% since first listed

7 events — show timeline

• 2026-06-17 Listed $1 LPRMLS
• 2022-07-25 Sold (Public Records) $180,000 Public Records
• 2022-07-25 Sold (MLS) $180,000 LPRMLS
• 2022-07-25 Sold (MLS) $180,000 TMLS
• 2022-06-23 Pending — TMLS
• 2022-06-16 Listed $180,000 LPRMLS
• 2022-06-16 Listed $180,000 TMLS

Property tax history

+0.5%/yr

Latest (2025): $1,194 · +0.0% YoY. Source: county tax records.