209 7th St · Burlington, NC 27215

$150,000

4 bd · 1.0 ba · 1,053 sqft · SingleFamily public records · 86 Days on market

Built 1990 6,534 sqft lot Est $159k · 6% under

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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
• ARV discount +10.0/15.0
• DSCR +8.7/10.0
• 1% rule +6.0/10.0
• Livability +3.5/5.0
• Rent growth +3.2/5.0
• Schools +3.0/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Investor Special! This 4-bedroom, 1-bath home offers a fantastic opportunity for those looking to renovate and add value. With a spacious layout and solid footprint, this property is perfect for a fix-and-flip or buy-and-hold investment. Features include a functional floor plan, and ample potential to customize to your vision. Conveniently located near local amenities, shopping, and major roadways. Property is being sold as-is. Bring your ideas and turn this diamond in the rough into something special!

Key facts

• 6,534 sq ft lot
• Built 1990
• Listed 86 days

Property features AI

Finance

• Other: Directions available to downtown Burlington (209 7th St, ZIP 27215)
• Financial info: Property tax information not included per instructions
• HOA & community: No homeowners association; Subdivision: Alamance Acres

Exterior

• Parking: Gravel parking area
• Security: Security details not provided
• Utilities: Public sewer; Electric water heater; Natural gas for heating
• Home design: Residential stick/site-built house; One-story; Built in 1990; Existing structure
• Construction: Vinyl siding; Crawl space foundation
• Exterior features: Public water supply; No pool; Lot approximately 0.15 acre; Publicly maintained road access

Interior

• Kitchen: Kitchen on the main level (approx. 12' x 6'); Electric water heater
• Bedrooms: Multiple bedrooms on the main level (two rooms approx. 12' x 10' and 12' x 11')
• Flooring: Flooring details not provided
• Bathrooms: One full bathroom
• Heating & cooling: Central air conditioning; Forced air heating with natural gas
• Interior features: Primary bedroom located on the main level
• Laundry & utility: Washer/dryer details not provided

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $371 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $141k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.3% vs local median 3.6% in Burlington — 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 (#123 in NC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: commute D+, schools F, crime F.
• Alamance-Burlington Schools (rural): math 30% / reading 40% proficiency, ranked #133 of 178 in NC (top 75%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+2.6%/yr); 312 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 2,466 units permitted in Alamance County in 2024 (403 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 $4k of value loss. Plan a longer hold.
• Alamance County population projected at +19% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 86 days — a 6% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $34k; list at $150k implies a 335% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major flood risk; moderate wind risk, 20% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $141,000 (6.0% below list)

Questions for the listing agent

1. It's been on market 86 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 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. 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: 1.10% ✓
• Cap rate: 9.26%
• Cash-on-cash: 10.61%
• DSCR: 1.47
• GRM: 7.6

CMA / ARV

• ARV (on-the-fly): $159,003
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
416 6th St	0.13mi	3/1.0 (-1)	974 (-8%)	9mo	$147,000	$151	69
416 Everett St	0.70mi	3/2.0 (-1)	1,078 (+2%)	10mo	$220,000	$204	46
506 E 6th St	0.20mi	3/1.0 (-1)	900 (-14%)	23mo	$90,000	$100	42
1001 E Morehead St	0.71mi	3/1.0 (-1)	1,143 (+8%)	15mo	$110,000	$96	35

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 · 2.61% rent growth · sell at horizon

5-year hold

• IRR: -0.8%
• Equity multiple: 0.97×
• Total profit: $-1,337
• Equity at exit: $22,365

10-year hold

• IRR: 8.4%
• Equity multiple: 1.63×
• Total profit: $26,505
• Equity at exit: $12,969

Cash invested: $42,000 (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 27215

• Rents YoY: 2.6%
• Active inventory: 312
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,643 high
• Mortgage (P&I): −$787
• Tax from tax record: −$77 /mo · $926/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$345
• Net cashflow: $371

Break-even live

Break-even rent $1,172

Max offer price $150,000

Occupancy floor 72%

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
830 Oxford Ln Burlington, NC	3.0	1.5	1137	$1,495	$1.31	13d	1	0.09mi
721 E Morehead St Burlington, NC	4.0	2.0	1470	$1,550	$1.05	13d	1	0.61mi
2076 Legacy Park Trl Burlington, NC	1.0–3.0	1.0–2.0	1025	$1,850	$1.80	21d	22	0.68mi
1907 Trail Five Burlington, NC	3.0	2.0	1100	$1,695	$1.54	21d	1	0.91mi
1515 Woodland Ave Burlington, NC	3.0	2.0	1101	$1,500	$1.36	13d	1	1.03mi
1352 Snow Ct Burlington, NC	3.0	2.0	1250	$1,625	$1.30	13d	1	1.05mi
1016 Grace Ave Burlington, NC	3.0	1.0	994	$1,245	$1.25	21d	1	1.24mi
1106 Attica St Burlington, NC	3.0	2.0	1500	$1,750	$1.17	13d	1	1.29mi
525 Lakeside Ave Burlington, NC	3.0	1.0	975	$1,300	$1.33	21d	1	1.36mi
2008 S Mebane St Burlington, NC	2.0–3.0	1.5–2.0	1121	$1,499	$1.34	21d	1	1.39mi

Listing history 19 events

1. 2026-06-16
   status $150,000 Pending 86 DOM
2. 2026-06-15
   days on market $150,000 Due Diligence Period 86 DOM
3. 2026-06-14
   days on market $150,000 Due Diligence Period 84 DOM
4. 2026-06-13
   days on market $150,000 Due Diligence Period 83 DOM
5. 2026-06-10
   days on market $150,000 Due Diligence Period 81 DOM
6. 2026-06-09
   days on market $150,000 Due Diligence Period 80 DOM
7. 2026-06-08
   days on market $150,000 Due Diligence Period 79 DOM
8. 2026-06-07
   days on market $150,000 Due Diligence Period 78 DOM
9. 2026-06-05
   statusdays on market $150,000 Due Diligence Period 75 DOM
10. 2026-06-02
    days on market $150,000 Active 73 DOM
11. 2026-06-01
    days on market $150,000 Active 72 DOM
12. 2026-05-31
    days on market $150,000 Active 71 DOM
13. 2026-05-30
    days on market $150,000 Active 70 DOM
14. 2026-05-18
    price $150,000
15. 2026-05-01
    price $160,000
16. 2026-03-30
    price $179,900
17. 2026-03-21
    listed $190,000 Active
18. 2026-03-18
    historical $190,000
19. 1992-06-26
    soldstatus $34,500

ⓘ 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: $926 · $77/mo
• Projected year-2 tax: $1,230 · $102/mo
• Expected delta: +$304/yr (+$25/mo · 32.9%)

ⓘ 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 6/10 Major 7 d/yr ≥104°F today · 18 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 20% 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: $19,711
• − Mortgage interest: −$8,402
• − Property taxes: −$926
• − Insurance: −$750
• − Repairs & maintenance: −$1,577
• − Management: −$1,577
• − Depreciation: −$4,364
• Taxable income: $2,116
• Est. tax owed @ 24.0%: −$508
• After-tax cash flow: $3,949/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: Alamance-Burlington Schools
• NCES district ID: 3700030
• Math proficiency: 30% ▼ -6.00%
• Reading proficiency: 40% ▲ 2.00%
• Median HH income: $43,359
• Composite: 29.68/100
• National rank: #6460
• State rank: #133 of 178 in NC

Livability — Burlington

• Score: 70/100
• State rank: #123
• US rank: #7396

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Burlington, NC
• County: Alamance County · 173,369 people
• City population: 88,508
• Metro: Burlington, NC
• Population (ZIP): 47,102
• Household income: $68,825
• Rent vs Own: 40.3% rent · 59.7% own
• Severe rent burden: 1497.0

Population outlook (Alamance County) Hauer SSP2

• Today (2025): 173,381 people
• By 2030: 180,609 · +4.2%
• By 2040: 194,327 · +12.1%
• By 2050: 206,158 · +18.9%
• By 2075: 235,665 · +35.9%
• By 2100: 258,626 · +49.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (64%)
• Race & ethnicity: White 64% Black 20% Hispanic / Latino 10% Two or more races 5% Asian 3%
• Hispanic origin (detail): Mexican 5% Puerto Rican 1%
• Common ancestry: Slovak 3% Serbian 3% Italian 2%
• Foreign-born: 8% · Canada, Vietnam
• Languages at home: 88% English-only · Spanish 8% Other Indo-European 1% Other Asian/Pacific 1%

Political lean MEDSL · Alamance

• 2024 margin: Lean R (+8.2) · D 45.4% · R 53.5% · Other 1.1%
• 2008→2024 swing: +1.1pp toward D · 2008: -9.2pp · 2024: -8.2pp
• All cycles: 2024: R+8.2 2020: R+8.4 2016: R+12.9 2012: R+14.1 2008: R+9.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -263.87%
• Current HPI: 224.3392
• Rent YoY: ▲ 2.61%
• Metro: Burlington, 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

+334.8% since first listed

6 events — show timeline

• 2026-05-18 Price Changed $150,000 Triad MLS
• 2026-05-01 Price Changed $160,000 Triad MLS
• 2026-03-30 Price Changed $179,900 Triad MLS
• 2026-03-21 Listed $190,000 Triad MLS
• 2026-03-18 Coming Soon $190,000 Triad MLS
• 1992-06-26 Sold (Public Records) $34,500 Public Records

Property tax history

+7.1%/yr

Latest (2025): $926 · -48.7% YoY. Source: county tax records.