304 Woodland Ave · Rocky Mount, NC 27801

$129,000

3 bd · 1.0 ba · 1,036 sqft · SingleFamily public records · 38 Days on market

Built 1920 Est $91k · 41% 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 +22.5/30.0
• DSCR +7.2/10.0
• 1% rule +5.9/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

PRICE IMPROVEMENT on this beautifully updated corner-lot home in Rocky Mount. Fresh paint, LVP flooring, and high ceilings create a bright, open feel throughout. Major upgrades are already done, including a new roof and water heater. The kitchen features granite countertops, a modern backsplash, and stainless steel appliances. Recently added storm door for an extra touch of functionality. $5000 in closing cost assistance available with acceptable offer. Move-in ready and priced to sell.

Key facts

• Corner-lot home
• Water heater
• Modern backsplash

Tags

• CORNER-LOT HOME
• NEW ROOF
• WATER HEATER
• GRANITE COUNTERTOPS
• MODERN BACKSPLASH
• STAINLESS STEEL APPLIANCES

Property features AI

Finance

• Other: Located on a public maintained road
• HOA & community: No homeowners association

Exterior

• Utilities: Public water; Public sewer
• Home design: Single-story house; Zoned R6
• Construction: Vinyl siding construction; Built as a house
• Exterior features: Architectural shingle roof

Interior

• Bedrooms: 3 bedrooms (all on the main level)
• Flooring: Luxury vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Heat pump heating; Central air conditioning
• Interior features: Luxury vinyl flooring

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $129k.

Deal economics

• At list price, monthly cash flow is $218 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $129k).
• Recommended offer: $125k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.3% vs local median 4.5% 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 70/100 on livability (#134 in NC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools F, crime F, amenities F.
• Edgecombe County Public Schools (rural): math 21% / reading 27% proficiency, ranked #163 of 178 in NC (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 74% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 133 active listings in the ZIP; lower-income renter base — watch delinquency; 50 units permitted in Edgecombe County in 2024 (5 in 5+ unit buildings).
• This rent runs 38% of the median local income ($45k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $892 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Edgecombe County population projected at -34% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($125k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 14y ago; this cycle's ask has dropped $10k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $8k; list at $129k implies a 1512% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 73% 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 $125,130 (3.0% below list)

Questions for the listing agent

1. It's been on market 38 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 1920 — 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 F 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. 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?
7. 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.
8. 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.
9. 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: 1.09% ✓
• Cap rate: 8.32%
• Cash-on-cash: 7.25%
• DSCR: 1.32
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $91,168
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
230 Park Ave	0.12mi	3/1.0	1,072 (+4%)	2mo	$38,000	$35	87
818 E Holly St	0.13mi	3/2.0	1,126 (+9%)	8mo	$221,000	$196	69
1004 Moore St	0.36mi	2/1.5 (-1)	1,047 (+1%)	9mo	$70,000	$67	67
1035 Moore St	0.39mi	3/1.5	1,073 (+4%)	9mo	$91,000	$85	66
428 Matthews St	0.27mi	2/1.0 (-1)	1,078 (+4%)	13mo	$95,000	$88	65
316 Woodland Ave	0.03mi	3/2.0	1,178 (+14%)	11mo	$75,000	$64	62
215 Durham St	0.39mi	3/3.0	971 (-6%)	1mo	$45,000	$46	62
1010 Scott St	0.33mi	3/1.0	1,136 (+10%)	8mo	$123,000	$108	62
333 Park Ave	0.08mi	3/2.0	1,159 (+12%)	12mo	$115,000	$99	62
522 Shearin St	0.17mi	2/1.0 (-1)	925 (-11%)	13mo	$30,000	$32	59
405 N Daughtry St	0.34mi	3/1.0	884 (-15%)	2mo	$93,000	$105	57
644 Carolina Ave	0.44mi	3/2.0	1,189 (+15%)	10mo	$105,000	$88	43

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: -5.2%
• Equity multiple: 0.81×
• Total profit: $-6,984
• Equity at exit: $19,234

10-year hold

• IRR: 4.5%
• Equity multiple: 1.33×
• Total profit: $11,901
• Equity at exit: $11,154

Cash invested: $36,120 (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 27801

• Home prices YoY: -5.6%
• Active inventory: 133
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,405 medium
• Mortgage (P&I): −$676
• Tax est. 1.5%: −$161 /mo · $1,935/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$295
• Net cashflow: $218

Break-even live

Break-even rent $1,128

Max offer price $129,000

Occupancy floor 79%

Sensitivity live

Price	-10% $307	-5% $263	+0% $218	+5% $174	+10% $129
Rent	-10% $107	-5% $163	+0% $218	+5% $274	+10% $329
Rate	-1.0pp $283	-0.5pp $251	base $218	+0.5pp $185	+1.0pp $151

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: $32,250
• Closing costs: $3,870
• Reserves months: —
• Total cash needed: —

Listing history 33 events

1. 2026-06-19
   days on market $129,000 Active 38 DOM
2. 2026-06-18
   days on market $129,000 Active 37 DOM
3. 2026-06-17
   days on market $129,000 Active 36 DOM
4. 2026-06-16
   days on market $129,000 Active 35 DOM
5. 2026-06-15
   days on market $129,000 Active 34 DOM
6. 2026-06-14
   days on market $129,000 Active 32 DOM
7. 2026-06-13
   days on market $129,000 Active 31 DOM
8. 2026-06-10
   days on market $129,000 Active 29 DOM
9. 2026-06-09
   days on market $129,000 Active 28 DOM
10. 2026-06-08
    days on market $129,000 Active 27 DOM
11. 2026-06-07
    days on market $129,000 Active 26 DOM
12. 2026-06-03
    days on market $129,000 Active 22 DOM
13. 2026-06-02
    days on market $129,000 Active 21 DOM
14. 2026-06-01
    days on market $129,000 Active 20 DOM
15. 2026-05-31
    days on market $129,000 Active 19 DOM
16. 2026-05-30
    days on market $129,000 Active 18 DOM
17. 2026-05-13
    price $135,000 491-char remark

    Show marketing remark (491 chars)

    PRICE IMPROVEMENT on this beautifully updated corner-lot home in Rocky Mount. Fresh paint, LVP flooring, and high ceilings create a bright, open feel throughout. Major upgrades are already done, including a new roof and water heater. The kitchen features granite countertops, a modern backsplash, and stainless steel appliances. Recently added storm door for an extra touch of functionality. $5000 in closing cost assistance available with acceptable offer. Move-in ready and priced to sell.

18. 2026-05-13
    price $135,000

    Show marketing remark (491 chars)

    PRICE IMPROVEMENT on this beautifully updated corner-lot home in Rocky Mount. Fresh paint, LVP flooring, and high ceilings create a bright, open feel throughout. Major upgrades are already done, including a new roof and water heater. The kitchen features granite countertops, a modern backsplash, and stainless steel appliances. Recently added storm door for an extra touch of functionality. $5000 in closing cost assistance available with acceptable offer. Move-in ready and priced to sell.

19. 2026-05-12
    listed $139,000 Active
20. 2026-04-07
    status Active 491-char remark

    Show marketing remark (491 chars)

    PRICE IMPROVEMENT on this beautifully updated corner-lot home in Rocky Mount. Fresh paint, LVP flooring, and high ceilings create a bright, open feel throughout. Major upgrades are already done, including a new roof and water heater. The kitchen features granite countertops, a modern backsplash, and stainless steel appliances. Recently added storm door for an extra touch of functionality. $5000 in closing cost assistance available with acceptable offer. Move-in ready and priced to sell.

21. 2026-04-07
    price $139,000 491-char remark

    Show marketing remark (491 chars)

    PRICE IMPROVEMENT on this beautifully updated corner-lot home in Rocky Mount. Fresh paint, LVP flooring, and high ceilings create a bright, open feel throughout. Major upgrades are already done, including a new roof and water heater. The kitchen features granite countertops, a modern backsplash, and stainless steel appliances. Recently added storm door for an extra touch of functionality. $5000 in closing cost assistance available with acceptable offer. Move-in ready and priced to sell.

22. 2026-04-01
    historical 491-char remark

    Show marketing remark (491 chars)

    PRICE IMPROVEMENT on this beautifully updated corner-lot home in Rocky Mount. Fresh paint, LVP flooring, and high ceilings create a bright, open feel throughout. Major upgrades are already done, including a new roof and water heater. The kitchen features granite countertops, a modern backsplash, and stainless steel appliances. Recently added storm door for an extra touch of functionality. $5000 in closing cost assistance available with acceptable offer. Move-in ready and priced to sell.

23. 2026-03-26
    status Active 491-char remark

    Show marketing remark (491 chars)

    PRICE IMPROVEMENT on this beautifully updated corner-lot home in Rocky Mount. Fresh paint, LVP flooring, and high ceilings create a bright, open feel throughout. Major upgrades are already done, including a new roof and water heater. The kitchen features granite countertops, a modern backsplash, and stainless steel appliances. Recently added storm door for an extra touch of functionality. $5000 in closing cost assistance available with acceptable offer. Move-in ready and priced to sell.

24. 2026-03-26
    historical 491-char remark

    Show marketing remark (491 chars)

    PRICE IMPROVEMENT on this beautifully updated corner-lot home in Rocky Mount. Fresh paint, LVP flooring, and high ceilings create a bright, open feel throughout. Major upgrades are already done, including a new roof and water heater. The kitchen features granite countertops, a modern backsplash, and stainless steel appliances. Recently added storm door for an extra touch of functionality. $5000 in closing cost assistance available with acceptable offer. Move-in ready and priced to sell.

25. 2026-03-03
    status Active 491-char remark

    Show marketing remark (491 chars)

    PRICE IMPROVEMENT on this beautifully updated corner-lot home in Rocky Mount. Fresh paint, LVP flooring, and high ceilings create a bright, open feel throughout. Major upgrades are already done, including a new roof and water heater. The kitchen features granite countertops, a modern backsplash, and stainless steel appliances. Recently added storm door for an extra touch of functionality. $5000 in closing cost assistance available with acceptable offer. Move-in ready and priced to sell.

26. 2026-02-28
    historical 491-char remark

    Show marketing remark (491 chars)

    PRICE IMPROVEMENT on this beautifully updated corner-lot home in Rocky Mount. Fresh paint, LVP flooring, and high ceilings create a bright, open feel throughout. Major upgrades are already done, including a new roof and water heater. The kitchen features granite countertops, a modern backsplash, and stainless steel appliances. Recently added storm door for an extra touch of functionality. $5000 in closing cost assistance available with acceptable offer. Move-in ready and priced to sell.

27. 2026-02-07
    price $147,000 491-char remark

    Show marketing remark (491 chars)

    PRICE IMPROVEMENT on this beautifully updated corner-lot home in Rocky Mount. Fresh paint, LVP flooring, and high ceilings create a bright, open feel throughout. Major upgrades are already done, including a new roof and water heater. The kitchen features granite countertops, a modern backsplash, and stainless steel appliances. Recently added storm door for an extra touch of functionality. $5000 in closing cost assistance available with acceptable offer. Move-in ready and priced to sell.

28. 2025-12-24
    listed $150,000 Active 491-char remark

    Show marketing remark (491 chars)

    PRICE IMPROVEMENT on this beautifully updated corner-lot home in Rocky Mount. Fresh paint, LVP flooring, and high ceilings create a bright, open feel throughout. Major upgrades are already done, including a new roof and water heater. The kitchen features granite countertops, a modern backsplash, and stainless steel appliances. Recently added storm door for an extra touch of functionality. $5000 in closing cost assistance available with acceptable offer. Move-in ready and priced to sell.

29. 2021-11-30
    historical
30. 2021-10-14
    listed $35,000
31. 2013-05-31
    historical
32. 2012-05-02
    listed $16,000
33. 2009-04-03
    soldstatus $8,000

ⓘ 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 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥109°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 73% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,856
• − Mortgage interest: −$7,226
• − Property taxes: −$1,935
• − Insurance: −$645
• − Repairs & maintenance: −$1,349
• − Management: −$1,349
• − Depreciation: −$3,753
• Taxable income: $601
• Est. tax owed @ 24.0%: −$144
• After-tax cash flow: $2,474/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: Edgecombe County Public Schools
• NCES district ID: 3701320
• Math proficiency: 21% ▼ -2.00%
• Reading proficiency: 27% ▲ 2.00%
• Median HH income: $35,711
• Composite: 19.85/100
• National rank: #8696
• State rank: #163 of 178 in NC

Livability — Rocky Mount

• Score: 70/100
• State rank: #134
• US rank: #7692

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rocky Mount, NC
• County: Edgecombe County · 37,913 people
• City population: 70,300
• Metro: Rocky Mount, NC
• Population (ZIP): 19,532
• Household income: $44,884
• Rent vs Own: 50.7% rent · 49.3% own
• Severe rent burden: 900.0

Population outlook (Edgecombe County) Hauer SSP2

• Today (2025): 47,800 people
• By 2030: 44,396 · -7.1%
• By 2040: 37,562 · -21.4%
• By 2050: 31,495 · -34.1%
• By 2075: 20,943 · -56.2%
• By 2100: 13,674 · -71.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (70%)
• Race & ethnicity: Black 70% White 24% Two or more races 3% Hispanic / Latino 1%
• Common ancestry: Romanian 1%
• Foreign-born: 1% · Canada
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Edgecombe

• 2024 margin: Strong D (+22.7) · D 61.0% · R 38.3%
• 2008→2024 swing: -11.8pp toward R · 2008: 34.5pp · 2024: 22.7pp
• All cycles: 2024: D+22.7 2020: D+27.0 2016: D+32.2 2012: D+36.4 2008: D+34.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -17.65%
• Current HPI: 296.3428
• Rent YoY: —
• Metro: Rocky Mount, 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

+1587.5% since first listed

17 events — show timeline

• 2026-05-13 Price Changed $135,000 Hive MLS
• 2026-05-13 Price Changed $135,000 TMLS
• 2026-05-12 Listed $139,000 TMLS
• 2026-04-07 Relisted — Hive MLS
• 2026-04-07 Price Changed $139,000 Hive MLS
• 2026-04-01 Listing Removed — Hive MLS
• 2026-03-26 Relisted — Hive MLS
• 2026-03-26 Listing Removed — Hive MLS
• 2026-03-03 Relisted — Hive MLS
• 2026-02-28 Listing Removed — Hive MLS
• 2026-02-07 Price Changed $147,000 Hive MLS
• 2025-12-24 Listed $150,000 Hive MLS
• 2021-11-30 Listing Removed — Hive MLS
• 2021-10-14 Listed $35,000 Hive MLS
• 2013-05-31 Listing Removed — Hive MLS
• 2012-05-02 Listed $16,000 Hive MLS
• 2009-04-03 Sold (Public Records) $8,000 Public Records

Property tax history

+1.3%/yr

Latest (2025): $257 · +0.0% YoY. Source: county tax records.