2412 Park Springs Rd · Yanceyville, NC 27315

$94,900

2 bd · 1.0 ba · 1,000 sqft · SingleFamily public records · 107 Days on market

Built 1965 0.64 ac lot

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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 +26.0/30.0
• DSCR +8.7/10.0
• ARV discount +7.5/15.0
• 1% rule +6.1/10.0
• Appreciation +5.7/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0

Listing remarks MLS

Amazing 2 bedroom, 1 bath A-Frame home with nice wrap around front porch. The home includes an additional bedroom upstairs with numerous closet space. The home includes a 24' x 20' shop that sits on .64 acres in the country. The upper bonus room has windows and closets. The shop contains a wood stove and has its own electricity panel. Being sold "AS IS".

Key facts

• Wood stove
• 24 x 20 shop
• Upper bonus room

Tags

• WRAP AROUND FRONT PORCH
• ADDITIONAL BEDROOM UPSTAIRS
• 24 X 20 SHOP
• NUMEROUS CLOSET SPACE
• UPPER BONUS ROOM
• WOOD STOVE

Property features AI

Finance

• Other: Lot approximately 0.64 acres
• HOA & community: No association

Exterior

• Utilities: Electricity connected; Water connected (private well); Septic connected (private sewer)
• Home design: Single-family house; One and one-half stories
• Construction: Stucco and wood siding; Built with unspecified foundation; crawl space noted
• Exterior features: Asphalt roof; No waterfront; County road frontage (publicly maintained, asphalt surface)

Interior

• Kitchen: Free-standing electric oven; Free-standing refrigerator
• Bedrooms: 2 bedrooms (both on the main level)
• Flooring: Carpet; Linoleum
• Bathrooms: 1 full bathroom
• Heating & cooling: Wood stove; Other heating; Ceiling fan(s); Window unit(s)
• Interior features: Crawl space basement (unfinished); Fixer condition
• Laundry & utility: Washer; Dryer; Separate meters

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $95k.

Deal economics

• At list price, monthly cash flow is $235 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $95k).
• Recommended offer: $86k (9.0% below list) — sets the bar for market timing.
• Cap rate 9.3% vs local median 3.6% in Yanceyville — 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 68/100 on livability (#179 in NC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, crime B+; Watch: schools F, amenities F, commute F.
• Caswell County Schools (rural): math 24% / reading 37% proficiency, ranked #146 of 178 in NC (top 82%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 61% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 29 active listings in the ZIP; 54 units permitted in Caswell County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $2k of equity ($656 loan paydown + $1k appreciation (1.4% local appreciation)).
• Caswell County population projected at -27% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (1.4% appreciation + 3.0% rent growth), your $27k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 107 days — a 9% lower offer ($86k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 8y ago; this cycle's ask has dropped $25k (21%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $40k; list at $95k implies a 137% gain — meaningful room to come down on a strong offer.

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 $86,359 (9.0% below list)

Questions for the listing agent

1. It's been on market 107 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1965 — 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. 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: 1.11% ✓
• Cap rate: 9.27%
• Cash-on-cash: 10.63%
• DSCR: 1.47
• GRM: 7.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

1.38% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 13.4%
• Equity multiple: 1.70×
• Total profit: $18,500
• Equity at exit: $34,265

10-year hold

• IRR: 16.6%
• Equity multiple: 3.08×
• Total profit: $55,341
• Equity at exit: $47,017

Cash invested: $26,572 (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 27315

• Home prices YoY: 0.7%
• Active inventory: 29
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,050 medium
• Mortgage (P&I): −$498
• Tax from tax record: −$57 /mo · $686/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$221
• Net cashflow: $235

Break-even live

Break-even rent $752

Max offer price $94,900

Occupancy floor 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: $23,725
• Closing costs: $2,847
• Reserves months: —
• Total cash needed: —

Listing history 30 events

1. 2026-06-19
   days on market $94,900 Active 107 DOM
2. 2026-06-18
   days on market $94,900 Active 106 DOM
3. 2026-06-17
   days on market $94,900 Active 105 DOM
4. 2026-06-16
   days on market $94,900 Active 104 DOM
5. 2026-06-15
   days on market $94,900 Active 103 DOM
6. 2026-06-14
   days on market $94,900 Active 101 DOM
7. 2026-06-13
   days on market $94,900 Active 100 DOM
8. 2026-06-10
   days on market $94,900 Active 98 DOM
9. 2026-06-09
   days on market $94,900 Active 97 DOM
10. 2026-06-08
    days on market $94,900 Active 96 DOM
11. 2026-06-07
    days on market $94,900 Active 95 DOM
12. 2026-06-03
    days on market $94,900 Active 91 DOM
13. 2026-06-02
    days on market $94,900 Active 90 DOM
14. 2026-06-01
    days on market $94,900 Active 89 DOM
15. 2026-05-31
    days on market $94,900 Active 88 DOM
16. 2026-05-30
    days on market $94,900 Active 87 DOM
17. 2026-05-14
    price $94,900 366-char remark

    Show marketing remark (366 chars)

    Amazing 2 bedroom, 1 bath A-Frame home with nice wrap around front porch. The home includes an additional bedroom upstairs with numerous closet space. The home includes a 24' x 20' shop that sits on .64 acres in the country. The upper bonus room has windows and closets. The shop contains a wood stove and has its own electricity panel. Being sold "AS IS".

18. 2026-05-14
    price $94,900

    Show marketing remark (366 chars)

    Amazing 2 bedroom, 1 bath A-Frame home with nice wrap around front porch. The home includes an additional bedroom upstairs with numerous closet space. The home includes a 24' x 20' shop that sits on .64 acres in the country. The upper bonus room has windows and closets. The shop contains a wood stove and has its own electricity panel. Being sold "AS IS".

19. 2026-03-23
    price $99,000 366-char remark

    Show marketing remark (366 chars)

    Amazing 2 bedroom, 1 bath A-Frame home with nice wrap around front porch. The home includes an additional bedroom upstairs with numerous closet space. The home includes a 24' x 20' shop that sits on .64 acres in the country. The upper bonus room has windows and closets. The shop contains a wood stove and has its own electricity panel. Being sold "AS IS".

20. 2026-03-23
    price $99,000

    Show marketing remark (366 chars)

    Amazing 2 bedroom, 1 bath A-Frame home with nice wrap around front porch. The home includes an additional bedroom upstairs with numerous closet space. The home includes a 24' x 20' shop that sits on .64 acres in the country. The upper bonus room has windows and closets. The shop contains a wood stove and has its own electricity panel. Being sold "AS IS".

21. 2026-03-03
    listed $119,900 Active 366-char remark

    Show marketing remark (366 chars)

    Amazing 2 bedroom, 1 bath A-Frame home with nice wrap around front porch. The home includes an additional bedroom upstairs with numerous closet space. The home includes a 24' x 20' shop that sits on .64 acres in the country. The upper bonus room has windows and closets. The shop contains a wood stove and has its own electricity panel. Being sold "AS IS".

22. 2026-03-03
    listed $119,900 Active

    Show marketing remark (366 chars)

    Amazing 2 bedroom, 1 bath A-Frame home with nice wrap around front porch. The home includes an additional bedroom upstairs with numerous closet space. The home includes a 24' x 20' shop that sits on .64 acres in the country. The upper bonus room has windows and closets. The shop contains a wood stove and has its own electricity panel. Being sold "AS IS".

23. 2018-07-23
    soldstatus $40,000 349-char remark

    Show marketing remark (349 chars)

    Cute 2 bedroom, 1 bath bungalow, with nice wrap around porch, that has a 24' x 20' shop included and sits on . 64 acres in the country. The upper bonus room (finished attic) has windows and closets. Lots of built in storage! The shop contains a woodstove and has electricity. Priced below tax assessment for quick sale. Being sold "AS IS".

24. 2018-07-23
    soldstatus $40,000

    Show marketing remark (349 chars)

    Cute 2 bedroom, 1 bath bungalow, with nice wrap around porch, that has a 24' x 20' shop included and sits on . 64 acres in the country. The upper bonus room (finished attic) has windows and closets. Lots of built in storage! The shop contains a woodstove and has electricity. Priced below tax assessment for quick sale. Being sold "AS IS".

25. 2018-07-23
    soldstatus $40,000 349-char remark

    Show marketing remark (349 chars)

    Cute 2 bedroom, 1 bath bungalow, with nice wrap around porch, that has a 24' x 20' shop included and sits on . 64 acres in the country. The upper bonus room (finished attic) has windows and closets. Lots of built in storage! The shop contains a woodstove and has electricity. Priced below tax assessment for quick sale. Being sold "AS IS".

26. 2018-07-23
    soldstatus $40,000

    Show marketing remark (349 chars)

    Cute 2 bedroom, 1 bath bungalow, with nice wrap around porch, that has a 24' x 20' shop included and sits on . 64 acres in the country. The upper bonus room (finished attic) has windows and closets. Lots of built in storage! The shop contains a woodstove and has electricity. Priced below tax assessment for quick sale. Being sold "AS IS".

27. 2018-05-25
    listed $45,000
28. 2018-05-23
    listed $45,000 349-char remark

    Show marketing remark (349 chars)

    Cute 2 bedroom, 1 bath bungalow, with nice wrap around porch, that has a 24' x 20' shop included and sits on . 64 acres in the country. The upper bonus room (finished attic) has windows and closets. Lots of built in storage! The shop contains a woodstove and has electricity. Priced below tax assessment for quick sale. Being sold "AS IS".

29. 2018-05-23
    listed $45,000

    Show marketing remark (349 chars)

    Cute 2 bedroom, 1 bath bungalow, with nice wrap around porch, that has a 24' x 20' shop included and sits on . 64 acres in the country. The upper bonus room (finished attic) has windows and closets. Lots of built in storage! The shop contains a woodstove and has electricity. Priced below tax assessment for quick sale. Being sold "AS IS".

30. 2018-05-23
    listed $45,000 349-char remark

    Show marketing remark (349 chars)

    Cute 2 bedroom, 1 bath bungalow, with nice wrap around porch, that has a 24' x 20' shop included and sits on . 64 acres in the country. The upper bonus room (finished attic) has windows and closets. Lots of built in storage! The shop contains a woodstove and has electricity. Priced below tax assessment for quick sale. Being sold "AS IS".

ⓘ 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: $686 · $57/mo
• Projected year-2 tax: $778 · $65/mo
• Expected delta: +$92/yr (+$8/mo · 13.4%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥106°F today · 18 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 11% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,604
• − Mortgage interest: −$5,316
• − Property taxes: −$686
• − Insurance: −$474
• − Repairs & maintenance: −$1,008
• − Management: −$1,008
• − Depreciation: −$2,761
• Taxable income: $1,350
• Est. tax owed @ 24.0%: −$324
• After-tax cash flow: $2,500/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: Caswell County Schools
• NCES district ID: 3700660
• Math proficiency: 24% ▼ -2.00%
• Reading proficiency: 37% ▲ 3.00%
• Median HH income: $38,172
• Composite: 25.44/100
• National rank: #7452
• State rank: #146 of 178 in NC

Livability — Yanceyville

• Score: 68/100
• State rank: #179
• US rank: #9189

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 2,005

Population outlook (Caswell County) Hauer SSP2

• Today (2025): 21,389 people
• By 2030: 20,297 · -5.1%
• By 2040: 17,848 · -16.6%
• By 2050: 15,578 · -27.2%
• By 2075: 11,939 · -44.2%
• By 2100: 8,930 · -58.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Black 17% Hispanic / Latino 7% Two or more races 5%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Serbian 3% Italian 1% Slovak 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 5%

Political lean MEDSL · Caswell

• 2024 margin: Strong R (+24.6) · D 37.4% · R 61.9%
• 2008→2024 swing: -27.7pp toward R · 2008: 3.1pp · 2024: -24.6pp
• All cycles: 2024: R+24.6 2020: R+18.5 2016: R+11.5 2012: R+2.7 2008: D+3.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 1.38%
• Current HPI: 206.3891
• 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

+110.9% since first listed

14 events — show timeline

• 2026-05-14 Price Changed $94,900 Triad MLS
• 2026-05-14 Price Changed $94,900 TMLS
• 2026-03-23 Price Changed $99,000 Triad MLS
• 2026-03-23 Price Changed $99,000 TMLS
• 2026-03-03 Listed $119,900 TMLS
• 2026-03-03 Listed $119,900 Triad MLS
• 2018-07-23 Sold (MLS) $40,000 DRRAR
• 2018-07-23 Sold (MLS) $40,000 AMLSNC
• 2018-07-23 Sold (MLS) $40,000 Triad MLS
• 2018-07-23 Sold (MLS) $40,000 TMLS
• 2018-05-25 Listed $45,000 DRRAR
• 2018-05-23 Listed $45,000 AMLSNC
• 2018-05-23 Listed $45,000 Triad MLS
• 2018-05-23 Listed $45,000 TMLS

Property tax history

+10.0%/yr

Latest (2025): $686 · +6.3% YoY. Source: county tax records.