102 House St · Robersonville, NC 27871

$142,000

3 bd · 1.0 ba · 988 sqft · SingleFamily public records · 14 Days on market

Built 1961 0.31 ac lot Est $125k · 13% 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 +19.0/30.0
• DSCR +6.0/10.0
• 1% rule +5.0/10.0
• Appreciation +5.0/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• ARV discount +1.6/15.0

Listing remarks MLS

Why rent when you can possibly own this beautiful property for less! Just to sweeten the deal, seller is giving up to $1500 in seller credit! Use it your way. No Restrictions!!! Welcome to 102 House Street, a beautiful brick home in the heart of Robersonville, NC. This move-in ready property offers comfort, style, and convenience all in one package. Step inside to find fresh finishes, updated finishes, fairly new roof, and a layout designed for easy living. Whether you're a first-time buyer, downsizing, or looking for an investment, this home fits the bill. Enjoy being within walking distance to local stores, restaurants, and everyday conveniences, making daily life a breeze. Don't miss this opportunity to own a turnkey home in a friendly, walkable neighborhood.

Key facts

• 0.31 acre lot
• Built 1961
• Listed 13 days

Property features AI

Exterior

• Parking: Off-street parking; On-site parking
• Utilities: Public water; Sewer connected; Natural gas connected; Water connected
• Home design: Single-family residence; One level / 1 story; Entry level: 1
• Construction: Brick veneer and frame construction; Metal roof
• Exterior features: Porch; Storm door(s); Partial wood fencing around back yard; Has a view

Interior

• Kitchen: Electric range; Refrigerator; Vented exhaust fan
• Bedrooms: 5 total rooms (includes bedrooms and living spaces)
• Flooring: Hardwood
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air conditioning; Electric heating; Heat pump; Natural gas heating
• Interior features: Ceiling fan(s); Window coverings; Unfurnished; Crawl space
• Laundry & utility: Washer; Dryer; Washer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $142k.

Deal economics

• At list price, monthly cash flow is $147 ($2k/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 $142k (0.1% below list).
• Recommended offer: $142k (0.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 68/100 on livability (#190 in NC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, crime A; Watch: employment D+, amenities F, commute F.
• Martin County Schools (rural): math 24% / reading 34% proficiency, ranked #150 of 178 in NC (top 84%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 62% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: South Creek Elementary (math 17% / reading 22%, grade F, #1,242 of 1,410 statewide, top 90%, 316 students, 99% FRL); South Creek Middle (204 students, 98% FRL); Riverside High (math 22% / reading 37%, grade F, #459 of 535 statewide, top 87%, 447 students, 99% FRL) — zoned schools average 99% FRL vs 62% district-wide (37 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 21 active listings in the ZIP.

Forward outlook

• In year one you build about $5k of equity ($982 loan paydown + $4k appreciation (3.0% local appreciation)).
• Martin County population projected at -33% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (3.0% appreciation + 3.0% rent growth), your $40k cash investment doubles in ~5 years — after that, you're playing with house money.
• By year 7, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 2y 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, 80% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $141,872

Questions for the listing agent

1. Built in 1961 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.00% ✗
• Cap rate: 7.54%
• Cash-on-cash: 4.45%
• DSCR: 1.20
• GRM: 8.3

CMA / ARV

• ARV (on-the-fly): $125,476
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
102 House St	0.00mi	3/2.0	1,000 (+1%)	7mo	$127,000	$127	88
704 N Grimes St	0.05mi	3/1.0	1,027 (+4%)	9mo	$50,000	$49	84
404 E Purvis St	0.34mi	3/2.0	1,014 (+3%)	3mo	$142,500	$141	73
103 Dell St	0.10mi	2/1.0 (-1)	1,073 (+9%)	6mo	$140,000	$130	70
405 Pecan St	0.48mi	3/1.0	950 (-4%)	24mo	$75,000	$79	52
303 E Purvis St	0.29mi	2/1.0 (-1)	840 (-15%)	14mo	$95,000	$113	45
304 N Everett St	0.55mi	2/1.0 (-1)	864 (-13%)	20mo	$115,000	$133	32

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: 11.7%
• Equity multiple: 1.67×
• Total profit: $26,515
• Equity at exit: $63,849

10-year hold

• IRR: 13.8%
• Equity multiple: 3.04×
• Total profit: $81,273
• Equity at exit: $98,399

Cash invested: $39,760 (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 27871

• Active inventory: 21
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $1,419 medium
• Mortgage (P&I): −$745
• Tax from tax record: −$169 /mo · $2,034/yr
• Insurance: −$59
• HOA: −$0
• Vacancy / Maint / Mgmt: −$298
• Net cashflow: $147

Break-even live

Break-even rent $1,232

Max offer price $142,000

Occupancy floor 85%

Sensitivity live

Price	-10% $228	-5% $188	+0% $147	+5% $107	+10% $67
Rent	-10% $35	-5% $91	+0% $147	+5% $204	+10% $260
Rate	-1.0pp $219	-0.5pp $184	base $147	+0.5pp $111	+1.0pp $73

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: $35,500
• Closing costs: $4,260
• Reserves months: —
• Total cash needed: —

Listing history 11 events

1. 2026-06-19
   days on market $142,000 Active 14 DOM
2. 2026-06-18
   days on market $142,000 Active 13 DOM
3. 2026-06-17
   days on market $142,000 Active 12 DOM
4. 2026-06-16
   days on market $142,000 Active 11 DOM
5. 2026-06-15
   days on market $142,000 Active 10 DOM
6. 2026-06-14
   days on market $142,000 Active 8 DOM
7. 2026-06-12
   days on market $142,000 Active 7 DOM
8. 2026-06-09
   days on market $142,000 Active 4 DOM
9. 2026-06-08
   days on market $142,000 Active 3 DOM
10. 2026-06-07
    remarks 401-char remark
11. 2026-06-07
    listed $142,000 Active 2 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: $2,034 · $169/mo
• Projected year-2 tax: $2,034 · $169/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 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥106°F today · 16 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,025
• − Mortgage interest: −$7,954
• − Property taxes: −$2,034
• − Insurance: −$710
• − Repairs & maintenance: −$1,362
• − Management: −$1,362
• − Depreciation: −$4,131
• Taxable loss: −$528
• Est. tax savings @ 24.0%: +$127
• After-tax cash flow: $1,897/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: Martin County Schools
• NCES district ID: 3702880
• Math proficiency: 24% ▼ -2.00%
• Reading proficiency: 34% ▲ 1.00%
• Median HH income: $35,403
• Composite: 23.94/100
• National rank: #7781
• State rank: #150 of 178 in NC

Livability — Robersonville

• Score: 68/100
• State rank: #190
• US rank: #9464

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Robersonville, NC
• Population (ZIP): 3,559

Population outlook (Martin County) Hauer SSP2

• Today (2025): 21,018 people
• By 2030: 19,693 · -6.3%
• By 2040: 16,793 · -20.1%
• By 2050: 14,171 · -32.6%
• By 2075: 9,804 · -53.4%
• By 2100: 6,894 · -67.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: Black 45% White 45% Two or more races 10% Hispanic / Latino 5%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Serbian 3% Lithuanian 1% Italian 1%
• Foreign-born: 1%

Political lean MEDSL · Martin

• 2024 margin: R (+10.3) · D 44.6% · R 54.9%
• 2008→2024 swing: -15.0pp toward R · 2008: 4.6pp · 2024: -10.3pp
• All cycles: 2024: R+10.3 2020: R+5.0 2016: R+0.5 2012: D+4.4 2008: D+4.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• 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

+127.2% since first listed

18 events — show timeline

• 2026-06-05 Listed $142,000 Hive MLS
• 2025-11-24 Sold (Public Records) $127,000 Public Records
• 2025-11-24 Sold (MLS) $127,000 Hive MLS
• 2025-10-31 Pending — Hive MLS
• 2025-08-01 Price Changed $124,999 Hive MLS
• 2025-06-01 Listed $135,000 Hive MLS
• 2025-05-28 Coming Soon $135,000 Hive MLS
• 2025-05-17 Listing Removed — Hive MLS
• 2025-04-17 Price Changed $130,000 Hive MLS
• 2024-12-16 Listed $135,000 Hive MLS
• 2024-07-31 Price Changed $135,000 Hive MLS
• 2024-06-27 Relisted — Hive MLS
• 2024-06-27 Price Changed $140,000 Hive MLS
• 2024-05-24 Pending — Hive MLS
• 2024-05-24 Listing Removed — Hive MLS
• 2024-04-18 Price Changed $135,000 Hive MLS
• 2024-04-17 Listed $135 Hive MLS
• 2007-08-13 Sold (Public Records) $62,500 Public Records

Property tax history

+10.2%/yr

Latest (2025): $2,034 · +83.6% YoY. Source: county tax records.