811 Queens St NW · Lenoir, NC
Flood risk 6/10 · Moderate
- FEMA flood zone
- X (shaded)
- Chance of flooding over 30 yrs
- 0.72%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 4/10 · Minor
- Est. fire insurance / yr
- $906 – $1,684
Heat risk 5/10 · Moderate
- Hot days now (above 103°F)
- 7 days/yr
- Hot days in 30 yrs
- 19 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- 1.0%
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 1 days/yr
- Unhealthy air days in 30 yrs
- 1 days/yr
Risk factors via First Street. Map © Google.
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
🖨 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
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
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.
Questions for the listing agent
- 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?
- Built in 1971 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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?
- 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.
- 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.
- 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
- IRR
- -15.8%
- Equity multiple
- 0.44×
- Total profit
- $-23,540
- Equity at exit
- $22,365
- 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
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
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
| Address | Beds | Baths | Sqft | Rent | $/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
-
2026-06-19days on market $150,000 Active 269 DOM
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2026-06-18days on market $150,000 Active 268 DOM
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2026-06-17days on market $150,000 Active 267 DOM
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2026-06-16days on market $150,000 Active 266 DOM
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2026-06-15days on market $150,000 Active 265 DOM
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2026-06-14days on market $150,000 Active 263 DOM
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2026-06-13days on market $150,000 Active 262 DOM
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2026-06-10days on market $150,000 Active 260 DOM
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2026-06-09days on market $150,000 Active 259 DOM
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2026-06-09pricestatus $150,000 Active 258 DOM
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2026-05-18status 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.
-
2026-05-18status 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.
-
2026-05-16price $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.
-
2026-05-16price $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.
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2026-04-24price $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.
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2026-04-24price $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.
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2026-03-26status 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.
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2026-03-26historical 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.
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2026-03-14price $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.
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2026-03-13price $160,000
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2026-03-11status 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.
-
2026-03-11status 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.
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2026-02-22status 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.
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2026-02-21status 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.
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2026-02-20historical 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.
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2026-02-12historical Active Under Contract
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2026-01-24price $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.
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2026-01-23price $162,293
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2025-11-14status 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.
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2025-11-14price $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.
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2025-11-14status 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.
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2025-11-14price $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.
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2025-10-27historical 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.
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2025-10-26historical
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2025-10-04price $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.
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2025-10-04price $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.
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2025-08-14$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.
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2025-08-14$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.
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2025-08-05historical
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2025-05-10$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
- 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
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 |
|---|---|---|
| Financial Services | 2 | $213B |
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| Retail | 2 | $95B |
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| Industrial Conglomerate | 1 | $38B |
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| Metals / Steel | 1 | $35B |
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| Utilities | 1 | $30B |
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| Industrial Machinery | 1 | $19B |
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Price history
-31.9% since first listed30 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%/yrLatest (2025): $1,034 · +94.0% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…