1314 Moore St · Elizabeth City, NC 27909

$85,000

2 bd · 1.0 ba · 816 sqft · Other public records · 59 Days on market

Built 1960 3,920 sqft lot

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Why this score? — see what drove the B- 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.6/5.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks

This 2-bedroom, 1-bath bungalow offers solid potential in a growing Elizabeth City market. Built in 1960 with approximately 816 sq ft of living space, the home sits on a 4,008 sq ft lot in a quiet residential area near downtown conveniences, schools, and major employers. The property is currently vacant and ready for renovation. With city utilities, level topography, and R-6 zoning, investors can explore value-add improvements or replacement. Located minutes from the Museum of the Albemarle, Elizabeth City State University, and waterfront dining, this location combines accessibility with neighborhood stability--ideal for portfolio growth or a quick flip.

Key facts

• City utilities
• Level topography
• Ready for renovation

Tags

• QUIET RESIDENTIAL AREA
• NEAR DOWNTOWN CONVENIENCES
• READY FOR RENOVATION
• CITY UTILITIES
• LEVEL TOPOGRAPHY
• R-6 ZONING

Property features AI

Finance

• Other: Zoning: R-6
• Financial info: Investor or income details not provided
• HOA & community: No HOA information listed

Exterior

• Parking: On-street parking; Off-street parking
• Security: No security features listed
• Utilities: Public water; Public sewer; Cable available
• Home design: Single family residence; One-story; Entry on level 1; Residential property
• Construction: Vinyl siding and frame construction; Concrete perimeter foundation; Built year not specified
• Exterior features: Front porch; No fencing; Shingle roof; Lot dimensions approximately 38 x 104 x 38 x 104; Approximately 0.09 acre lot; Frontage: see remarks

Interior

• Kitchen: Kitchen details not specified
• Bedrooms: Bedroom count not specified
• Flooring: Flooring details not specified
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating; No cooling
• Interior features: Two total rooms; Front porch; Has a view
• Laundry & utility: Laundry details not specified

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath other listed at $85k.

Deal economics

• At list price, monthly cash flow is $540 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $85k).
• Recommended offer: $82k (3.0% below list) — sets the bar for market timing.
• Cap rate 13.9% vs local median 2.9% in Elizabeth City — 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 71/100 on livability (#119 in NC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime D+, commute F, employment F.
• Elizabeth City-Pasquotank Public Schools (rural): math 21% / reading 34% proficiency, ranked #152 of 178 in NC (top 85%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: J C Sawyer Elementary (math 12% / reading 27%, grade F, #1,242 of 1,410 statewide, top 90%, 368 students, 99% FRL); River Road Middle (math 18% / reading 37%, grade F, #368 of 475 statewide, top 78%, 463 students, 99% FRL); Northeastern High (math 37% / reading 42%, grade F, #393 of 535 statewide, top 75%, 701 students, 100% FRL) — zoned schools average 99% FRL vs 56% district-wide (43 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+4.0%/yr); 351 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); 153 units permitted in Pasquotank County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $588 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Pasquotank County population projected at -19% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 4.0% rent growth), your $24k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 59 days — a 3% lower offer ($82k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $82,450 (3.0% below list)

Questions for the listing agent

1. It's been on market 59 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
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. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 1.62% ✓
• Cap rate: 13.92%
• Cash-on-cash: 27.24%
• DSCR: 2.21
• GRM: 5.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 4.02% rent growth · sell at horizon

5-year hold

• IRR: 22.3%
• Equity multiple: 1.93×
• Total profit: $22,060
• Equity at exit: $12,674

10-year hold

• IRR: 31.0%
• Equity multiple: 3.92×
• Total profit: $69,485
• Equity at exit: $7,349

Cash invested: $23,800 (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 27909

• Rents YoY: 4.0%
• Active inventory: 351
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $1,377 medium
• Mortgage (P&I): −$446
• Tax from tax record: −$67 /mo · $799/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$289
• Net cashflow: $540

Break-even live

Break-even rent $693

Max offer price $85,000

Occupancy floor 56%

Sensitivity live

Price	-10% $588	-5% $564	+0% $540	+5% $516	+10% $492
Rent	-10% $431	-5% $486	+0% $540	+5% $595	+10% $649
Rate	-1.0pp $583	-0.5pp $562	base $540	+0.5pp $518	+1.0pp $496

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: $21,250
• Closing costs: $2,550
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
805 Hunter St Elizabeth City, NC	3.0	1.0	924	$1,250	$1.35	13d	1	0.56mi
225 N Water St Unit 304 Elizabeth City, NC	1.0	1.0	575	$1,425	$2.48	9d	1	1.07mi
225 N Water St Unit 208 Elizabeth City, NC	1.0	1.0	610	$1,400	$2.30	25d	1	1.07mi

Listing history 18 events

1. 2026-06-21
   days on market $85,000 Active 59 DOM
2. 2026-06-19
   days on market $85,000 Active 57 DOM
3. 2026-06-18
   days on market $85,000 Active 56 DOM
4. 2026-06-17
   days on market $85,000 Active 55 DOM
5. 2026-06-16
   days on market $85,000 Active 54 DOM
6. 2026-06-15
   days on market $85,000 Active 53 DOM
7. 2026-06-14
   days on market $85,000 Active 51 DOM
8. 2026-06-12
   days on market $85,000 Active 50 DOM
9. 2026-06-09
   days on market $85,000 Active 47 DOM
10. 2026-06-08
    days on market $85,000 Active 46 DOM
11. 2026-06-07
    days on market $85,000 Active 45 DOM
12. 2026-06-05
    days on market $85,000 Active 42 DOM
13. 2026-06-03
    days on market $85,000 Active 41 DOM
14. 2026-06-02
    days on market $85,000 Active 40 DOM
15. 2026-06-01
    days on market $85,000 Active 39 DOM
16. 2026-05-31
    days on market $85,000 Active 38 DOM
17. 2026-05-30
    days on market $85,000 Active 37 DOM
18. 2026-04-23
    listed $99,999 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 NC · Resets to sale price

• Current annual tax: $799 · $67/mo
• Projected year-2 tax: $799 · $67/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 6/10 Major FEMA zone X (unshaded) · 74% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°F today · 19 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 99% 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: $16,527
• − Mortgage interest: −$4,761
• − Property taxes: −$799
• − Insurance: −$425
• − Repairs & maintenance: −$1,322
• − Management: −$1,322
• − Depreciation: −$2,473
• Taxable income: $5,424
• Est. tax owed @ 24.0%: −$1,302
• After-tax cash flow: $5,181/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: Elizabeth City-Pasquotank Public Schools
• NCES district ID: 3703540
• Math proficiency: 21% ▼ -7.00%
• Reading proficiency: 34% ▼ -1.00%
• Median HH income: $45,294
• Composite: 23.63/100
• National rank: #7847
• State rank: #152 of 178 in NC

Livability — Elizabeth City

• Score: 71/100
• State rank: #119
• US rank: #7304

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Elizabeth City, NC
• County: Pasquotank County · 40,869 people
• City population: 40,869
• Metro: Elizabeth City, NC
• Population (ZIP): 40,869
• Household income: $66,732
• Rent vs Own: 32.5% rent · 67.5% own
• Severe rent burden: 1160.0

Population outlook (Pasquotank County) Hauer SSP2

• Today (2025): 38,172 people
• By 2030: 36,890 · -3.4%
• By 2040: 33,845 · -11.3%
• By 2050: 31,086 · -18.6%
• By 2075: 27,191 · -28.8%
• By 2100: 26,093 · -31.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 54% Black 35% Hispanic / Latino 6% Two or more races 6% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2%
• Common ancestry: Slovak 2% Romanian 1% Lithuanian 1%
• Foreign-born: 3% · Canada, Vietnam
• Languages at home: 96% English-only · Spanish 2% Other Asian/Pacific 1% Vietnamese 1%

Political lean MEDSL · Pasquotank

• 2024 margin: Toss-up / Even · D 47.1% · R 52.0%
• 2008→2024 swing: -18.6pp toward R · 2008: 13.7pp · 2024: -4.9pp
• All cycles: 2024: R+4.9 2020: D+0.3 2016: D+2.2 2012: D+15.9 2008: D+13.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -141.03%
• Current HPI: 164.7511
• Rent YoY: ▲ 4.02%
• Metro: Elizabeth City, 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

1 event — show timeline

• 2026-04-23 Listed $99,999 Hive MLS

Property tax history

+2.1%/yr

Latest (2025): $799 · +6.4% YoY. Source: county tax records.