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811 Queens St NW
D+ Composite 47.91
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).

  • ARV discount +15.0/15.0
  • Cash flow +13.8/30.0
  • DSCR +4.2/10.0
  • Schools +3.5/10.0
  • Livability +3.5/5.0
  • 1% rule +3.0/10.0
  • Rent growth +2.5/5.0
  • Condition / age +2.5/5.0
  • Appreciation +0.0/10.0

$150,000

811 Queens St NW · Lenoir, NC 28645
2 bd · 1.0 ba · 1,208 sqft · SingleFamily public records · 269 Days on market
Built 1971 0.54 ac lot Est $222k · 33% under ↓ 32% since listing

🖨 Deal sheet 📄 Offer letter ✓ Due diligence

Listing remarks MLS

PRICE REDUCED + $3,000 INCENTIVE! Estate-sale cottage on a wide, grassy homesite framed by mature trees. The sale includes two adjoining parcels, for a total of three parcels. One-level layout with covered front porch, eat-in kitchen, and den/flex room with classic wood accents. Two detached storage buildings convey. Bring your vision to refresh and add value, great for first-time buyers or investors. Seller is MOTIVATED + $3,000 ''Use as you choose''. Easy to show and ready for its next chapter.

Key facts

  • Covered front porch
  • Wide grassy homesite
  • One-level layout

Tags

WIDE GRASSY HOMESITEMATURE TREESTWO ADJOINING PARCELSONE-LEVEL LAYOUTCOVERED FRONT PORCHEAT-IN KITCHEN

Property features AI

Finance

  • HOA & community: No association

Exterior

  • Parking: Attached or detached 2-car garage; 1-car carport; Open parking for about 4 vehicles (total parking for 7)
  • Utilities: Public water; Public sewer; Electric service
  • Home design: One-story house; Vinyl siding
  • Construction: Vinyl siding construction; Shingle roof; Slab foundation; Built as a house
  • Exterior features: Front yard fencing; Porch; Garage(s); Shed(s)

Interior

  • Kitchen: Electric range; Refrigerator
  • Bedrooms: 2 bedrooms (both on the main level)
  • Flooring: Carpet; Vinyl
  • Bathrooms: 1 full bathroom
  • Heating & cooling: Heat pump heating; Central air conditioning
  • Interior features: Bathtub/shower combination
  • Laundry & utility: Washer hookup

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/1.0-bath single-family listed at $150k.

Deal economics

  • At list price, monthly cash flow is $13 ($153/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 $120k (20.0% below list).
  • Recommended offer: $120k (20.0% below list) — sets the bar for 1% rule.
  • Cap rate 6.4% vs local median 2.7% in Lenoir — 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 (#139 in NC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime D+, amenities D, schools F.
  • Caldwell County Schools (suburban): math 38% / reading 46% proficiency, ranked #106 of 178 in NC (top 60%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
  • Market conditions: 465 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 217 units permitted in Caldwell County in 2024 (0 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.
  • Caldwell County population projected at -23% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

  • It's been on market 269 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
  • 9 sale attempts; this cycle's ask has dropped $20k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

  • Climate carrying-cost: major flood risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $120,000 (20.0% below list)

Questions for the listing agent

  1. It's been on market 269 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
  2. Built in 1971 — 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. 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?
  7. 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?
  8. 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.
  9. 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.
  10. 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
0.80%
Cap rate
6.39%
Cash-on-cash
0.36%
DSCR
1.02
GRM
10.4

CMA / ARV

ARV (on-the-fly)
$222,272
Comps found
6
Show comp detail 6 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
951 Cypress Ct NW 0.16mi 3/2.0 (+1) 1,092 (-10%) 4mo $230,000 $211 65
201 Maple Dr NW 0.59mi 3/2.0 (+1) 1,269 (+5%) 16mo $225,000 $177 42
434 Maple Dr 0.55mi 3/1.5 (+1) 1,283 (+6%) 20mo $208,800 $163 40
829 Montclair Cir NW 0.70mi 3/1.0 (+1) 1,134 (-6%) 22mo $180,000 $159 34
305 Melody Ln 0.57mi 3/1.0 (+1) 1,040 (-14%) 21mo $205,000 $197 27
114 Pope Pl NW 0.61mi 3/2.0 (+1) 1,380 (+14%) 18mo $254,000 $184 24

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
-15.8%
Equity multiple
0.44×
Total profit
$-23,540
Equity at exit
$22,365
10-year hold
IRR
-7.4%
Equity multiple
0.53×
Total profit
$-19,635
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.

ZIP-level market 28645

Home prices YoY
-17.4%
Active inventory
465
Price-to-rent
10.4×

Monthly cashflow live

Estimated rent
$1,200 medium interval (Pro) →
Mortgage (P&I)
$787
Tax from tax record
$86 /mo · $1,034/yr
Insurance
$62
HOA
$0
Vacancy / Maint / Mgmt
$252
Net cashflow
$13

Break-even live

Break-even rent $1,184
Max offer price $150,000
Occupancy floor 94%

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

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 1 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
1421 Piedmont Dr NW Lenoir, NC 2.0 1.0 994 $1,200 $1.21 21d 1 0.76mi

Listing history 40 events

  1. 2026-06-19
    days on market $150,000 Active 269 DOM
  2. 2026-06-18
    days on market $150,000 Active 268 DOM
  3. 2026-06-17
    days on market $150,000 Active 267 DOM
  4. 2026-06-16
    days on market $150,000 Active 266 DOM
  5. 2026-06-15
    days on market $150,000 Active 265 DOM
  6. 2026-06-14
    days on market $150,000 Active 263 DOM
  7. 2026-06-13
    days on market $150,000 Active 262 DOM
  8. 2026-06-10
    days on market $150,000 Active 260 DOM
  9. 2026-06-09
    days on market $150,000 Active 259 DOM
  10. 2026-06-09
    pricestatus $150,000 Active 258 DOM
  11. 2026-05-18
    status Pending 501-char remark
    Show marketing remark (501 chars)

    PRICE REDUCED + $3,000 INCENTIVE! Estate-sale cottage on a wide, grassy homesite framed by mature trees. The sale includes two adjoining parcels, for a total of three parcels. One-level layout with covered front porch, eat-in kitchen, and den/flex room with classic wood accents. Two detached storage buildings convey. Bring your vision to refresh and add value, great for first-time buyers or investors. Seller is MOTIVATED + $3,000 ''Use as you choose''. Easy to show and ready for its next chapter.

  12. 2026-05-18
    status Pending
    Show marketing remark (501 chars)

    PRICE REDUCED + $3,000 INCENTIVE! Estate-sale cottage on a wide, grassy homesite framed by mature trees. The sale includes two adjoining parcels, for a total of three parcels. One-level layout with covered front porch, eat-in kitchen, and den/flex room with classic wood accents. Two detached storage buildings convey. Bring your vision to refresh and add value, great for first-time buyers or investors. Seller is MOTIVATED + $3,000 ''Use as you choose''. Easy to show and ready for its next chapter.

  13. 2026-05-16
    price $160,000 501-char remark
    Show marketing remark (501 chars)

    PRICE REDUCED + $3,000 INCENTIVE! Estate-sale cottage on a wide, grassy homesite framed by mature trees. The sale includes two adjoining parcels, for a total of three parcels. One-level layout with covered front porch, eat-in kitchen, and den/flex room with classic wood accents. Two detached storage buildings convey. Bring your vision to refresh and add value, great for first-time buyers or investors. Seller is MOTIVATED + $3,000 ''Use as you choose''. Easy to show and ready for its next chapter.

  14. 2026-05-16
    price $160,000
    Show marketing remark (501 chars)

    PRICE REDUCED + $3,000 INCENTIVE! Estate-sale cottage on a wide, grassy homesite framed by mature trees. The sale includes two adjoining parcels, for a total of three parcels. One-level layout with covered front porch, eat-in kitchen, and den/flex room with classic wood accents. Two detached storage buildings convey. Bring your vision to refresh and add value, great for first-time buyers or investors. Seller is MOTIVATED + $3,000 ''Use as you choose''. Easy to show and ready for its next chapter.

  15. 2026-04-24
    price $155,000 501-char remark
    Show marketing remark (501 chars)

    PRICE REDUCED + $3,000 INCENTIVE! Estate-sale cottage on a wide, grassy homesite framed by mature trees. The sale includes two adjoining parcels, for a total of three parcels. One-level layout with covered front porch, eat-in kitchen, and den/flex room with classic wood accents. Two detached storage buildings convey. Bring your vision to refresh and add value, great for first-time buyers or investors. Seller is MOTIVATED + $3,000 ''Use as you choose''. Easy to show and ready for its next chapter.

  16. 2026-04-24
    price $155,000
    Show marketing remark (501 chars)

    PRICE REDUCED + $3,000 INCENTIVE! Estate-sale cottage on a wide, grassy homesite framed by mature trees. The sale includes two adjoining parcels, for a total of three parcels. One-level layout with covered front porch, eat-in kitchen, and den/flex room with classic wood accents. Two detached storage buildings convey. Bring your vision to refresh and add value, great for first-time buyers or investors. Seller is MOTIVATED + $3,000 ''Use as you choose''. Easy to show and ready for its next chapter.

  17. 2026-03-26
    status Active 501-char remark
    Show marketing remark (501 chars)

    PRICE REDUCED + $3,000 INCENTIVE! Estate-sale cottage on a wide, grassy homesite framed by mature trees. The sale includes two adjoining parcels, for a total of three parcels. One-level layout with covered front porch, eat-in kitchen, and den/flex room with classic wood accents. Two detached storage buildings convey. Bring your vision to refresh and add value, great for first-time buyers or investors. Seller is MOTIVATED + $3,000 ''Use as you choose''. Easy to show and ready for its next chapter.

  18. 2026-03-26
    historical 501-char remark
    Show marketing remark (501 chars)

    PRICE REDUCED + $3,000 INCENTIVE! Estate-sale cottage on a wide, grassy homesite framed by mature trees. The sale includes two adjoining parcels, for a total of three parcels. One-level layout with covered front porch, eat-in kitchen, and den/flex room with classic wood accents. Two detached storage buildings convey. Bring your vision to refresh and add value, great for first-time buyers or investors. Seller is MOTIVATED + $3,000 ''Use as you choose''. Easy to show and ready for its next chapter.

  19. 2026-03-14
    price $160,000 501-char remark
    Show marketing remark (501 chars)

    PRICE REDUCED + $3,000 INCENTIVE! Estate-sale cottage on a wide, grassy homesite framed by mature trees. The sale includes two adjoining parcels, for a total of three parcels. One-level layout with covered front porch, eat-in kitchen, and den/flex room with classic wood accents. Two detached storage buildings convey. Bring your vision to refresh and add value, great for first-time buyers or investors. Seller is MOTIVATED + $3,000 ''Use as you choose''. Easy to show and ready for its next chapter.

  20. 2026-03-13
    price $160,000
  21. 2026-03-11
    status Active 501-char remark
    Show marketing remark (501 chars)

    PRICE REDUCED + $3,000 INCENTIVE! Estate-sale cottage on a wide, grassy homesite framed by mature trees. The sale includes two adjoining parcels, for a total of three parcels. One-level layout with covered front porch, eat-in kitchen, and den/flex room with classic wood accents. Two detached storage buildings convey. Bring your vision to refresh and add value, great for first-time buyers or investors. Seller is MOTIVATED + $3,000 ''Use as you choose''. Easy to show and ready for its next chapter.

  22. 2026-03-11
    status Active
    Show marketing remark (501 chars)

    PRICE REDUCED + $3,000 INCENTIVE! Estate-sale cottage on a wide, grassy homesite framed by mature trees. The sale includes two adjoining parcels, for a total of three parcels. One-level layout with covered front porch, eat-in kitchen, and den/flex room with classic wood accents. Two detached storage buildings convey. Bring your vision to refresh and add value, great for first-time buyers or investors. Seller is MOTIVATED + $3,000 ''Use as you choose''. Easy to show and ready for its next chapter.

  23. 2026-02-22
    status Pending 501-char remark
    Show marketing remark (501 chars)

    PRICE REDUCED + $3,000 INCENTIVE! Estate-sale cottage on a wide, grassy homesite framed by mature trees. The sale includes two adjoining parcels, for a total of three parcels. One-level layout with covered front porch, eat-in kitchen, and den/flex room with classic wood accents. Two detached storage buildings convey. Bring your vision to refresh and add value, great for first-time buyers or investors. Seller is MOTIVATED + $3,000 ''Use as you choose''. Easy to show and ready for its next chapter.

  24. 2026-02-21
    status Active 501-char remark
    Show marketing remark (501 chars)

    PRICE REDUCED + $3,000 INCENTIVE! Estate-sale cottage on a wide, grassy homesite framed by mature trees. The sale includes two adjoining parcels, for a total of three parcels. One-level layout with covered front porch, eat-in kitchen, and den/flex room with classic wood accents. Two detached storage buildings convey. Bring your vision to refresh and add value, great for first-time buyers or investors. Seller is MOTIVATED + $3,000 ''Use as you choose''. Easy to show and ready for its next chapter.

  25. 2026-02-20
    historical 501-char remark
    Show marketing remark (501 chars)

    PRICE REDUCED + $3,000 INCENTIVE! Estate-sale cottage on a wide, grassy homesite framed by mature trees. The sale includes two adjoining parcels, for a total of three parcels. One-level layout with covered front porch, eat-in kitchen, and den/flex room with classic wood accents. Two detached storage buildings convey. Bring your vision to refresh and add value, great for first-time buyers or investors. Seller is MOTIVATED + $3,000 ''Use as you choose''. Easy to show and ready for its next chapter.

  26. 2026-02-12
    historical Active Under Contract
  27. 2026-01-24
    price $162,293 501-char remark
    Show marketing remark (501 chars)

    PRICE REDUCED + $3,000 INCENTIVE! Estate-sale cottage on a wide, grassy homesite framed by mature trees. The sale includes two adjoining parcels, for a total of three parcels. One-level layout with covered front porch, eat-in kitchen, and den/flex room with classic wood accents. Two detached storage buildings convey. Bring your vision to refresh and add value, great for first-time buyers or investors. Seller is MOTIVATED + $3,000 ''Use as you choose''. Easy to show and ready for its next chapter.

  28. 2026-01-23
    price $162,293
  29. 2025-11-14
    status Active 501-char remark
    Show marketing remark (501 chars)

    PRICE REDUCED + $3,000 INCENTIVE! Estate-sale cottage on a wide, grassy homesite framed by mature trees. The sale includes two adjoining parcels, for a total of three parcels. One-level layout with covered front porch, eat-in kitchen, and den/flex room with classic wood accents. Two detached storage buildings convey. Bring your vision to refresh and add value, great for first-time buyers or investors. Seller is MOTIVATED + $3,000 ''Use as you choose''. Easy to show and ready for its next chapter.

  30. 2025-11-14
    price $162,493 501-char remark
    Show marketing remark (501 chars)

    PRICE REDUCED + $3,000 INCENTIVE! Estate-sale cottage on a wide, grassy homesite framed by mature trees. The sale includes two adjoining parcels, for a total of three parcels. One-level layout with covered front porch, eat-in kitchen, and den/flex room with classic wood accents. Two detached storage buildings convey. Bring your vision to refresh and add value, great for first-time buyers or investors. Seller is MOTIVATED + $3,000 ''Use as you choose''. Easy to show and ready for its next chapter.

  31. 2025-11-14
    status Active
    Show marketing remark (501 chars)

    PRICE REDUCED + $3,000 INCENTIVE! Estate-sale cottage on a wide, grassy homesite framed by mature trees. The sale includes two adjoining parcels, for a total of three parcels. One-level layout with covered front porch, eat-in kitchen, and den/flex room with classic wood accents. Two detached storage buildings convey. Bring your vision to refresh and add value, great for first-time buyers or investors. Seller is MOTIVATED + $3,000 ''Use as you choose''. Easy to show and ready for its next chapter.

  32. 2025-11-14
    price $162,493
    Show marketing remark (501 chars)

    PRICE REDUCED + $3,000 INCENTIVE! Estate-sale cottage on a wide, grassy homesite framed by mature trees. The sale includes two adjoining parcels, for a total of three parcels. One-level layout with covered front porch, eat-in kitchen, and den/flex room with classic wood accents. Two detached storage buildings convey. Bring your vision to refresh and add value, great for first-time buyers or investors. Seller is MOTIVATED + $3,000 ''Use as you choose''. Easy to show and ready for its next chapter.

  33. 2025-10-27
    historical 501-char remark
    Show marketing remark (501 chars)

    PRICE REDUCED + $3,000 INCENTIVE! Estate-sale cottage on a wide, grassy homesite framed by mature trees. The sale includes two adjoining parcels, for a total of three parcels. One-level layout with covered front porch, eat-in kitchen, and den/flex room with classic wood accents. Two detached storage buildings convey. Bring your vision to refresh and add value, great for first-time buyers or investors. Seller is MOTIVATED + $3,000 ''Use as you choose''. Easy to show and ready for its next chapter.

  34. 2025-10-26
    historical
  35. 2025-10-04
    price $165,000 501-char remark
    Show marketing remark (501 chars)

    PRICE REDUCED + $3,000 INCENTIVE! Estate-sale cottage on a wide, grassy homesite framed by mature trees. The sale includes two adjoining parcels, for a total of three parcels. One-level layout with covered front porch, eat-in kitchen, and den/flex room with classic wood accents. Two detached storage buildings convey. Bring your vision to refresh and add value, great for first-time buyers or investors. Seller is MOTIVATED + $3,000 ''Use as you choose''. Easy to show and ready for its next chapter.

  36. 2025-10-04
    price $165,000
    Show marketing remark (501 chars)

    PRICE REDUCED + $3,000 INCENTIVE! Estate-sale cottage on a wide, grassy homesite framed by mature trees. The sale includes two adjoining parcels, for a total of three parcels. One-level layout with covered front porch, eat-in kitchen, and den/flex room with classic wood accents. Two detached storage buildings convey. Bring your vision to refresh and add value, great for first-time buyers or investors. Seller is MOTIVATED + $3,000 ''Use as you choose''. Easy to show and ready for its next chapter.

  37. 2025-08-14
    listed $170,000 Active 501-char remark
    Show marketing remark (501 chars)

    PRICE REDUCED + $3,000 INCENTIVE! Estate-sale cottage on a wide, grassy homesite framed by mature trees. The sale includes two adjoining parcels, for a total of three parcels. One-level layout with covered front porch, eat-in kitchen, and den/flex room with classic wood accents. Two detached storage buildings convey. Bring your vision to refresh and add value, great for first-time buyers or investors. Seller is MOTIVATED + $3,000 ''Use as you choose''. Easy to show and ready for its next chapter.

  38. 2025-08-14
    listed $170,000 Active
    Show marketing remark (501 chars)

    PRICE REDUCED + $3,000 INCENTIVE! Estate-sale cottage on a wide, grassy homesite framed by mature trees. The sale includes two adjoining parcels, for a total of three parcels. One-level layout with covered front porch, eat-in kitchen, and den/flex room with classic wood accents. Two detached storage buildings convey. Bring your vision to refresh and add value, great for first-time buyers or investors. Seller is MOTIVATED + $3,000 ''Use as you choose''. Easy to show and ready for its next chapter.

  39. 2025-08-05
    historical
  40. 2025-05-10
    listed $235,000 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
$1,034 · $86/mo
Projected year-2 tax
$1,230 · $102/mo
Expected delta
+$196/yr (+$16/mo · 19.0%)

ⓘ 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 (shaded) · 72% chance over 30 yrs
  • 🔥 Wildfire 4/10 Moderate
  • 🌡 Heat 5/10 Major 7 d/yr ≥103°F today · 19 d/yr by 30 yrs out
  • 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
  • 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$14,400
− Mortgage interest
−$8,402
− Property taxes
−$1,034
− Insurance
−$750
− Repairs & maintenance
−$1,152
− Management
−$1,152
− Depreciation
−$4,364
Taxable loss
−$2,454
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$589
After-tax cash flow
$742/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
Caldwell County Schools
NCES district ID
3700580
Math proficiency
38% ▲ 1.00%
Reading proficiency
46% ▼ -1.00%
Median HH income
$37,165
Composite
34.9/100
National rank
#5079
State rank
#106 of 178 in NC

Livability — Lenoir

Score
70/100
State rank
#139
US rank
#7940

Category grades

Amenities D 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
Lenoir, NC
Population (ZIP)
46,237

Population outlook (Caldwell County) Hauer SSP2

Today (2025)
77,603 people
By 2030
74,714 · -3.7%
By 2040
67,732 · -12.7%
By 2050
59,938 · -22.8%
By 2075
43,232 · -44.3%
By 2100
28,894 · -62.8%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Predominantly White (83%)
Race & ethnicity
White 83% Hispanic / Latino 8% Black 6% Two or more races 5%
Hispanic origin (detail)
Mexican 3%
Common ancestry
Slovak 3% Serbian 2% Italian 2%
Foreign-born
4% · Canada, Vietnam
Languages at home
93% English-only · Spanish 5% Other Asian/Pacific 1%

Political lean MEDSL · Caldwell

2024 margin
Solid R (+52.6) · D 23.4% · R 76.0%
2008→2024 swing
-22.9pp toward R · 2008: -29.7pp · 2024: -52.6pp
All cycles
2024: R+52.6 2020: R+51.1 2016: R+50.6 2012: R+35.7 2008: R+29.7

Not yet ingested

Civics

Market trends

HPI YoY
▼ -56.03%
Current HPI
265.0987
Rent YoY
Metro
State GDP YoY
▲ 3.28%
F500 in state
26

Industry mix (Fortune 500 HQ in NC)

Industry F500 HQs Revenue

Price history

-31.9% since first listed
30 events — show timeline
  • 2026-05-18 Pending Hive MLS
  • 2026-05-18 Pending TMLS
  • 2026-05-16 Price Changed $160,000 Hive MLS
  • 2026-05-16 Price Changed $160,000 TMLS
  • 2026-04-24 Price Changed $155,000 Hive MLS
  • 2026-04-24 Price Changed $155,000 TMLS
  • 2026-03-26 Relisted Hive MLS
  • 2026-03-26 Listing Removed Hive MLS
  • 2026-03-14 Price Changed $160,000 Hive MLS
  • 2026-03-13 Price Changed $160,000 TMLS
  • 2026-03-11 Relisted Hive MLS
  • 2026-03-11 Relisted TMLS
  • 2026-02-22 Pending Hive MLS
  • 2026-02-21 Relisted Hive MLS
  • 2026-02-20 Listing Removed Hive MLS
  • 2026-02-12 Contingent TMLS
  • 2026-01-24 Price Changed $162,293 Hive MLS
  • 2026-01-23 Price Changed $162,293 TMLS
  • 2025-11-14 Relisted Hive MLS
  • 2025-11-14 Price Changed $162,493 Hive MLS
  • 2025-11-14 Relisted TMLS
  • 2025-11-14 Price Changed $162,493 TMLS
  • 2025-10-27 Listing Removed Hive MLS
  • 2025-10-26 Listing Removed TMLS
  • 2025-10-04 Price Changed $165,000 Hive MLS
  • 2025-10-04 Price Changed $165,000 TMLS
  • 2025-08-14 Listed $170,000 TMLS
  • 2025-08-14 Listed $170,000 Hive MLS
  • 2025-08-05 Listing Removed TMLS
  • 2025-05-10 Listed $235,000 TMLS

Property tax history

+17.8%/yr

Latest (2025): $1,034 · +94.0% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…