430 Ledbetter Rd · Rocky Mount, VA 24151

$160,000

4 bd · 2.0 ba · 1,248 sqft · Manufactured public records · 90 Days on market

Built 1995 5.02 ac lot $128/sqft · 5% below area Est $169k · 5% under ↓ 9% since listing

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Why this score? — see what drove the C 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 +23.1/30.0
• ARV discount +9.9/15.0
• DSCR +7.4/10.0
• Schools +6.0/10.0
• 1% rule +4.9/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor-ready on this generous 5-acre parcel offers room to roam, potential for gardening, animals, or future expansion. One-level living with laminate flooring in kitchen/living room, split bedroom layout, and gas log fireplace with beautiful stone surround. Step out to the large front deck-perfect for relaxing or entertaining amid peaceful surroundings. Durable metal roof (installed last 10 years) ensures long-term, low-maintenance protection. Lean-to/livestock shelter ideal for tools, equipment, or small-scale farming. Proven 10-year rental history; some TLC can boost returns significantly. Convenient location for daily needs, yet true rural living feel!

Key facts

• Laminate flooring
• Metal roof
• Gas log fireplace

Tags

• 5 ACRE PARCEL
• ONE LEVEL LIVING
• LAMINATE FLOORING
• GAS LOG FIREPLACE
• LARGE FRONT DECK
• METAL ROOF

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath manufactured listed at $160k.

Deal economics

• At list price, monthly cash flow is $288 ($3k/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 $159k (0.9% below list).
• Recommended offer: $150k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.5% vs local median 2.7% in Rocky Mount — 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 (#153 in VA, #4,873 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, schools A-; Watch: amenities F, commute F, employment F.
• Franklin County Public School District (town): math 69% / reading 72% proficiency, ranked #24 of 131 in VA (top 18%) — strong family-tenant draw, lease renewals of 3-5y typical.
• Market conditions: 193 active listings in the ZIP; 167 units permitted in Franklin County in 2024 (10 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 $5k of value loss. Plan a longer hold.
• Franklin County population projected at -11% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 90 days — a 6% lower offer ($150k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $15k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $150,400 (6.0% below list)

Questions for the listing agent

1. It's been on market 90 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 0.99% ✗
• Cap rate: 8.45%
• Cash-on-cash: 7.71%
• DSCR: 1.34
• GRM: 8.4

CMA / ARV

• ARV (median comp): $168,933
• List price: $160,000
• Delta: -5.29%
• Verdict: FAIR
• Comps: 2 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -4.6%
• Equity multiple: 0.83×
• Total profit: $-7,663
• Equity at exit: $23,857

10-year hold

• IRR: 5.1%
• Equity multiple: 1.37×
• Total profit: $16,671
• Equity at exit: $13,834

Cash invested: $44,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 55 Moderately Landlord-Leaning
• State Virginia: 55 Moderately Landlord-Leaning · D+2
• County: — inherits STATE
• City: — inherits STATE

VRLTA gives some tenant protections; Northern Virginia courts slower; rural VA landlord-leaning.

Methodology + full state rankings →

ZIP-level market 24151

• Home prices YoY: -13.4%
• Active inventory: 193
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $1,585 medium
• Mortgage (P&I): −$839
• Tax from tax record: −$59 /mo · $708/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$333
• Net cashflow: $288

Break-even live

Break-even rent $1,221

Max offer price $160,000

Occupancy floor 77%

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Listing history 11 events

1. 2026-06-09
   status $160,000 Pending 90 DOM
2. 2026-06-08
   days on market $160,000 Active 90 DOM
3. 2026-06-07
   days on market $160,000 Active 89 DOM
4. 2026-06-02
   days on market $160,000 Active 84 DOM
5. 2026-06-01
   days on market $160,000 Active 83 DOM
6. 2026-05-31
   days on market $160,000 Active 82 DOM
7. 2026-05-30
   days on market $160,000 Active 81 DOM
8. 2026-04-15
   price $160,000 666-char remark

   Show marketing remark (666 chars)

   Investor-ready on this generous 5-acre parcel offers room to roam, potential for gardening, animals, or future expansion. One-level living with laminate flooring in kitchen/living room, split bedroom layout, and gas log fireplace with beautiful stone surround. Step out to the large front deck-perfect for relaxing or entertaining amid peaceful surroundings. Durable metal roof (installed last 10 years) ensures long-term, low-maintenance protection. Lean-to/livestock shelter ideal for tools, equipment, or small-scale farming. Proven 10-year rental history; some TLC can boost returns significantly. Convenient location for daily needs, yet true rural living feel!

9. 2026-03-10
   listed $174,950 Active 666-char remark

   Show marketing remark (666 chars)

   Investor-ready on this generous 5-acre parcel offers room to roam, potential for gardening, animals, or future expansion. One-level living with laminate flooring in kitchen/living room, split bedroom layout, and gas log fireplace with beautiful stone surround. Step out to the large front deck-perfect for relaxing or entertaining amid peaceful surroundings. Durable metal roof (installed last 10 years) ensures long-term, low-maintenance protection. Lean-to/livestock shelter ideal for tools, equipment, or small-scale farming. Proven 10-year rental history; some TLC can boost returns significantly. Convenient location for daily needs, yet true rural living feel!

10. 2026-02-28
    historical
11. 2026-01-30
    listed $174,950 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast VA · Resets to sale price

• Current annual tax: $708 · $59/mo
• Projected year-2 tax: $1,312 · $109/mo
• Expected delta: +$604/yr (+$50/mo · 85.4%)

ⓘ 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 2% 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: $19,025
• − Mortgage interest: −$8,962
• − Property taxes: −$708
• − Insurance: −$800
• − Repairs & maintenance: −$1,522
• − Management: −$1,522
• − Depreciation: −$4,655
• Taxable income: $856
• Est. tax owed @ 24.0%: −$205
• After-tax cash flow: $3,248/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: Franklin County Public School District
• NCES district ID: 5101440
• Math proficiency: 69% ▼ -17.00%
• Reading proficiency: 72% ▼ -8.00%
• Median HH income: $47,093
• Composite: 59.5/100
• National rank: #921
• State rank: #24 of 131 in VA

Livability — Rocky Mount

• Score: 74/100
• State rank: #153
• US rank: #4873

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Franklin County · 18,154 people
• City population: 18,154
• Metro: Roanoke, VA
• Population (ZIP): 18,154
• Household income: $65,223
• Rent vs Own: 32.7% rent · 67.3% own
• Severe rent burden: 462.0

Population outlook (Franklin County) Hauer SSP2

• Today (2025): 56,242 people
• By 2030: 55,742 · -0.9%
• By 2040: 53,669 · -4.6%
• By 2050: 50,291 · -10.6%
• By 2075: 42,395 · -24.6%
• By 2100: 32,981 · -41.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (78%)
• Race & ethnicity: White 78% Black 14% Two or more races 5% Hispanic / Latino 4%
• Common ancestry: Lithuanian 2% Serbian 1% Slovak 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 3% Arabic 1%

Political lean MEDSL · Franklin

• 2024 margin: Solid R (+45.3) · D 26.9% · R 72.2%
• 2008→2024 swing: -22.5pp toward R · 2008: -22.8pp · 2024: -45.3pp
• All cycles: 2024: R+45.3 2020: R+42.1 2016: R+42.2 2012: R+28.6 2008: R+22.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -31.83%
• Current HPI: 204.9607
• Rent YoY: —
• Metro: Roanoke, VA
• State GDP YoY: ▲ 2.40%
• F500 in state: 50

Industry mix (Fortune 500 HQ in VA)

Industry	F500 HQs	Revenue
▸Aerospace / Defense	4	$236B
▸Technology / Defense	3	$32B
▸Financial Services	2	$176B
▸Utilities	2	$27B
▸Insurance	2	$25B
▸Technology	2	$15B

Price history

-8.5% since first listed

4 events — show timeline

• 2026-04-15 Price Changed $160,000 MLSRV
• 2026-03-10 Listed $174,950 MLSRV
• 2026-02-28 Listing Removed — MLSRV
• 2026-01-30 Listed $174,950 MLSRV

Property tax history

+2.1%/yr

Latest (2025): $708 · +0.0% YoY. Source: county tax records.