837 Nashville Rd · Rocky Mount, NC 27803

$119,900

3 bd · 1.0 ba · 1,176 sqft · SingleFamily public records · 101 Days on market

Built 1910 7,405 sqft lot Est $86k · 40% over

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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 +25.0/30.0
• DSCR +8.1/10.0
• 1% rule +6.5/10.0
• Rent growth +3.9/5.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

CUTE BUNGALOW/ COTTAGE style feel with UPDATES!! Great Rental potential or make it your home. Step onto the large Covered Front Porch and enter this Remodeled 2 bedroom 1 bath home. Original Hardwood Flooring Refinished and GORGEOUS, New Vinyl Flooring in Kitchen, Pantry and Bath. New paint, New fixtures, NEW METAL ROOF, NEW HVAC, NEW Water Heater. Bathroom completely remodeled with new EVERYTHING!! Mirror has been added. Beautiful Original Fireplace mantle in Living Room. Never used fireplace & seller doesn't know if it functions or not. Both bedrooms have nice size closets. Formal Dining Room leads to the kitchen that has updates and a nice pantry as well. NEW Butcher Block counter tops and stove/oven. Exterior of home has been painted. Landscaping done. Partially fenced back yard (facing home - fence on right side of home belongs to the neighbor) , This is an adorable home.

Key facts

• Covered front porch
• New metal roof
• New hvac

Tags

• COVERED FRONT PORCH
• REMODELED HOME
• ORIGINAL HARDWOOD FLOORING
• NEW VINYL FLOORING
• NEW METAL ROOF
• NEW HVAC

Property features AI

Finance

• Other: Zoning: R-6MFA; Lot dimensions approximately 50 x 150 (0.17 acre)
• HOA & community: No association

Exterior

• Parking: On-site parking
• Utilities: Public water; Public sewer; Electricity connected; Natural gas connected; Sewer connected; Water connected
• Home design: Single-story site-built home; One level
• Construction: Aluminum siding; Metal roof; Brick/mortar foundation; Built as site-built construction
• Exterior features: Covered porch; Porch; Partial fencing in back yard; Outbuilding on property; Updated/remodeled condition

Interior

• Kitchen: Electric oven; Electric range; Pantry; Eat-in kitchen
• Bedrooms: 2 bedrooms (both on the main level)
• Flooring: Hardwood floors; Vinyl flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Gas heating (gas pack); Central air conditioning; Natural gas available
• Interior features: Bathtub/shower combination; Eat-in kitchen; Pantry; Living room fireplace (1)
• Laundry & utility: Laundry area in kitchen; Water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $261 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $120k).
• Recommended offer: $109k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.9% 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: crime F, amenities F, employment F.
• Nash-Rocky Mount Schools (rural): math 20% / reading 32% proficiency, ranked #155 of 178 in NC (top 87%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Williford Elementary (201 students, 98% FRL); G R Edwards Middle (math 20% / reading 31%, grade F, #388 of 475 statewide, top 83%, 410 students, 88% FRL); Rocky Mount High (math 27% / reading 36%, grade F, #449 of 535 statewide, top 85%, 1,072 students, 76% FRL) — zoned schools average 87% FRL vs 59% district-wide (28 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+5.5%/yr); 176 active listings in the ZIP; 500 units permitted in Nash County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $829 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Nash County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 5.5% rent growth), your $34k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 101 days — a 9% lower offer ($109k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts; this cycle's ask has dropped $10k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $1k; list at $120k implies a 11890% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1910 — 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 $109,109 (9.0% below list)

Questions for the listing agent

1. It's been on market 101 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1910 — 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 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?
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: 1.15% ✓
• Cap rate: 8.90%
• Cash-on-cash: 9.32%
• DSCR: 1.41
• GRM: 7.2

CMA / ARV

• ARV (on-the-fly): $85,848
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1642 W Raleigh Blvd	0.22mi	3/1.0	1,170 (-0%)	9mo	$158,000	$135	81
902 Nashville Rd	0.06mi	2/1.5 (-1)	1,293 (+10%)	1mo	$57,900	$45	73
1201 York St	0.29mi	3/2.0	1,243 (+6%)	2mo	$91,000	$73	72
623 Henry St	0.51mi	3/1.0	1,188 (+1%)	4mo	$21,000	$18	72
605 Dexter St	0.50mi	3/1.0	1,216 (+3%)	2mo	$65,000	$53	69
625 Powell Dr	0.69mi	3/1.5	1,212 (+3%)	1mo	$148,500	$123	60
414 Dexter St	0.67mi	3/1.0	1,154 (-2%)	8mo	$62,500	$54	59
513 Mullins St	0.51mi	3/1.0	1,056 (-10%)	4mo	$103,000	$98	56
1220 Neal St	0.37mi	4/1.0 (+1)	1,342 (+14%)	2mo	$149,000	$111	53
733 Cedarbrook Dr	0.74mi	3/1.0	1,322 (+12%)	2mo	$84,000	$64	44
625 W Raleigh Blvd	0.70mi	3/1.0	1,332 (+13%)	7mo	$30,000	$23	40
736 Cedarbrook Dr	0.72mi	4/2.0 (+1)	1,260 (+7%)	8mo	$168,500	$134	39

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 · 5.51% rent growth · sell at horizon

5-year hold

• IRR: 0.6%
• Equity multiple: 1.02×
• Total profit: $768
• Equity at exit: $17,877

10-year hold

• IRR: 12.6%
• Equity multiple: 2.12×
• Total profit: $37,559
• Equity at exit: $10,367

Cash invested: $33,572 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 85 Strongly Landlord-Friendly
• State North Carolina: 85 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

10-day notice; preempted; landlord-favorable but court speed varies.

Methodology + full state rankings →

ZIP-level market 27803

• Rents YoY: 5.5%
• Active inventory: 176
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $1,379 medium
• Mortgage (P&I): −$629
• Tax est. 1.5%: −$150 /mo · $1,798/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$290
• Net cashflow: $261

Break-even live

Break-even rent $1,049

Max offer price $119,900

Occupancy floor 76%

Sensitivity live

Price	-10% $344	-5% $302	+0% $261	+5% $219	+10% $178
Rent	-10% $152	-5% $206	+0% $261	+5% $315	+10% $370
Rate	-1.0pp $321	-0.5pp $291	base $261	+0.5pp $230	+1.0pp $198

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: $29,975
• Closing costs: $3,597
• Reserves months: —
• Total cash needed: —

Listing history 13 events

1. 2026-05-25
   status Pending
2. 2026-05-25
   price $119,900
3. 2026-04-01
   price $119,900 895-char remark

   Show marketing remark (895 chars)

   CUTE BUNGALOW/ COTTAGE style feel with UPDATES!! Great Rental potential or make it your home. Step onto the large Covered Front Porch and enter this Remodeled 2 bedroom 1 bath home. Original Hardwood Flooring Refinished and GORGEOUS, New Vinyl Flooring in Kitchen, Pantry and Bath. New paint, New fixtures, NEW METAL ROOF, NEW HVAC, NEW Water Heater. Bathroom completely remodeled with new EVERYTHING!! Mirror has been added. Beautiful Original Fireplace mantle in Living Room. Never used fireplace & seller doesn't know if it functions or not. Both bedrooms have nice size closets. Formal Dining Room leads to the kitchen that has updates and a nice pantry as well. NEW Butcher Block counter tops and stove/oven. Exterior of home has been painted. Landscaping done. Partially fenced back yard (facing home - fence on right side of home belongs to the neighbor) , This is an adorable home.

4. 2026-03-26
   status Active 895-char remark

   Show marketing remark (895 chars)

   CUTE BUNGALOW/ COTTAGE style feel with UPDATES!! Great Rental potential or make it your home. Step onto the large Covered Front Porch and enter this Remodeled 2 bedroom 1 bath home. Original Hardwood Flooring Refinished and GORGEOUS, New Vinyl Flooring in Kitchen, Pantry and Bath. New paint, New fixtures, NEW METAL ROOF, NEW HVAC, NEW Water Heater. Bathroom completely remodeled with new EVERYTHING!! Mirror has been added. Beautiful Original Fireplace mantle in Living Room. Never used fireplace & seller doesn't know if it functions or not. Both bedrooms have nice size closets. Formal Dining Room leads to the kitchen that has updates and a nice pantry as well. NEW Butcher Block counter tops and stove/oven. Exterior of home has been painted. Landscaping done. Partially fenced back yard (facing home - fence on right side of home belongs to the neighbor) , This is an adorable home.

5. 2026-03-26
   historical 895-char remark

   Show marketing remark (895 chars)

   CUTE BUNGALOW/ COTTAGE style feel with UPDATES!! Great Rental potential or make it your home. Step onto the large Covered Front Porch and enter this Remodeled 2 bedroom 1 bath home. Original Hardwood Flooring Refinished and GORGEOUS, New Vinyl Flooring in Kitchen, Pantry and Bath. New paint, New fixtures, NEW METAL ROOF, NEW HVAC, NEW Water Heater. Bathroom completely remodeled with new EVERYTHING!! Mirror has been added. Beautiful Original Fireplace mantle in Living Room. Never used fireplace & seller doesn't know if it functions or not. Both bedrooms have nice size closets. Formal Dining Room leads to the kitchen that has updates and a nice pantry as well. NEW Butcher Block counter tops and stove/oven. Exterior of home has been painted. Landscaping done. Partially fenced back yard (facing home - fence on right side of home belongs to the neighbor) , This is an adorable home.

6. 2026-03-05
   status Active

   Show marketing remark (895 chars)

   CUTE BUNGALOW/ COTTAGE style feel with UPDATES!! Great Rental potential or make it your home. Step onto the large Covered Front Porch and enter this Remodeled 2 bedroom 1 bath home. Original Hardwood Flooring Refinished and GORGEOUS, New Vinyl Flooring in Kitchen, Pantry and Bath. New paint, New fixtures, NEW METAL ROOF, NEW HVAC, NEW Water Heater. Bathroom completely remodeled with new EVERYTHING!! Mirror has been added. Beautiful Original Fireplace mantle in Living Room. Never used fireplace & seller doesn't know if it functions or not. Both bedrooms have nice size closets. Formal Dining Room leads to the kitchen that has updates and a nice pantry as well. NEW Butcher Block counter tops and stove/oven. Exterior of home has been painted. Landscaping done. Partially fenced back yard (facing home - fence on right side of home belongs to the neighbor) , This is an adorable home.

7. 2026-03-05
   status Active 895-char remark

   Show marketing remark (895 chars)

   CUTE BUNGALOW/ COTTAGE style feel with UPDATES!! Great Rental potential or make it your home. Step onto the large Covered Front Porch and enter this Remodeled 2 bedroom 1 bath home. Original Hardwood Flooring Refinished and GORGEOUS, New Vinyl Flooring in Kitchen, Pantry and Bath. New paint, New fixtures, NEW METAL ROOF, NEW HVAC, NEW Water Heater. Bathroom completely remodeled with new EVERYTHING!! Mirror has been added. Beautiful Original Fireplace mantle in Living Room. Never used fireplace & seller doesn't know if it functions or not. Both bedrooms have nice size closets. Formal Dining Room leads to the kitchen that has updates and a nice pantry as well. NEW Butcher Block counter tops and stove/oven. Exterior of home has been painted. Landscaping done. Partially fenced back yard (facing home - fence on right side of home belongs to the neighbor) , This is an adorable home.

8. 2026-02-02
   historical
9. 2026-01-19
   historical Active Under Contract 895-char remark

   Show marketing remark (895 chars)

   CUTE BUNGALOW/ COTTAGE style feel with UPDATES!! Great Rental potential or make it your home. Step onto the large Covered Front Porch and enter this Remodeled 2 bedroom 1 bath home. Original Hardwood Flooring Refinished and GORGEOUS, New Vinyl Flooring in Kitchen, Pantry and Bath. New paint, New fixtures, NEW METAL ROOF, NEW HVAC, NEW Water Heater. Bathroom completely remodeled with new EVERYTHING!! Mirror has been added. Beautiful Original Fireplace mantle in Living Room. Never used fireplace & seller doesn't know if it functions or not. Both bedrooms have nice size closets. Formal Dining Room leads to the kitchen that has updates and a nice pantry as well. NEW Butcher Block counter tops and stove/oven. Exterior of home has been painted. Landscaping done. Partially fenced back yard (facing home - fence on right side of home belongs to the neighbor) , This is an adorable home.

10. 2026-01-19
    status Pending

    Show marketing remark (895 chars)

    CUTE BUNGALOW/ COTTAGE style feel with UPDATES!! Great Rental potential or make it your home. Step onto the large Covered Front Porch and enter this Remodeled 2 bedroom 1 bath home. Original Hardwood Flooring Refinished and GORGEOUS, New Vinyl Flooring in Kitchen, Pantry and Bath. New paint, New fixtures, NEW METAL ROOF, NEW HVAC, NEW Water Heater. Bathroom completely remodeled with new EVERYTHING!! Mirror has been added. Beautiful Original Fireplace mantle in Living Room. Never used fireplace & seller doesn't know if it functions or not. Both bedrooms have nice size closets. Formal Dining Room leads to the kitchen that has updates and a nice pantry as well. NEW Butcher Block counter tops and stove/oven. Exterior of home has been painted. Landscaping done. Partially fenced back yard (facing home - fence on right side of home belongs to the neighbor) , This is an adorable home.

11. 2025-12-30
    listed $129,900 Active

    Show marketing remark (895 chars)

    CUTE BUNGALOW/ COTTAGE style feel with UPDATES!! Great Rental potential or make it your home. Step onto the large Covered Front Porch and enter this Remodeled 2 bedroom 1 bath home. Original Hardwood Flooring Refinished and GORGEOUS, New Vinyl Flooring in Kitchen, Pantry and Bath. New paint, New fixtures, NEW METAL ROOF, NEW HVAC, NEW Water Heater. Bathroom completely remodeled with new EVERYTHING!! Mirror has been added. Beautiful Original Fireplace mantle in Living Room. Never used fireplace & seller doesn't know if it functions or not. Both bedrooms have nice size closets. Formal Dining Room leads to the kitchen that has updates and a nice pantry as well. NEW Butcher Block counter tops and stove/oven. Exterior of home has been painted. Landscaping done. Partially fenced back yard (facing home - fence on right side of home belongs to the neighbor) , This is an adorable home.

12. 2025-12-30
    listed $129,900 Active 895-char remark

    Show marketing remark (895 chars)

    CUTE BUNGALOW/ COTTAGE style feel with UPDATES!! Great Rental potential or make it your home. Step onto the large Covered Front Porch and enter this Remodeled 2 bedroom 1 bath home. Original Hardwood Flooring Refinished and GORGEOUS, New Vinyl Flooring in Kitchen, Pantry and Bath. New paint, New fixtures, NEW METAL ROOF, NEW HVAC, NEW Water Heater. Bathroom completely remodeled with new EVERYTHING!! Mirror has been added. Beautiful Original Fireplace mantle in Living Room. Never used fireplace & seller doesn't know if it functions or not. Both bedrooms have nice size closets. Formal Dining Room leads to the kitchen that has updates and a nice pantry as well. NEW Butcher Block counter tops and stove/oven. Exterior of home has been painted. Landscaping done. Partially fenced back yard (facing home - fence on right side of home belongs to the neighbor) , This is an adorable home.

13. 2023-01-24
    soldstatus $1,000

ⓘ 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 ≥107°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: $16,547
• − Mortgage interest: −$6,716
• − Property taxes: −$1,798
• − Insurance: −$600
• − Repairs & maintenance: −$1,324
• − Management: −$1,324
• − Depreciation: −$3,488
• Taxable income: $1,297
• Est. tax owed @ 24.0%: −$311
• After-tax cash flow: $2,818/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: Nash-Rocky Mount Schools
• NCES district ID: 3703270
• Math proficiency: 20% ▼ -3.00%
• Reading proficiency: 32% ▲ 1.00%
• Median HH income: $41,553
• Composite: 22.04/100
• National rank: #8198
• State rank: #155 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: Nash County · 50,768 people
• City population: 70,300
• Metro: Rocky Mount, NC
• Population (ZIP): 20,055
• Household income: $60,124
• Rent vs Own: 38.3% rent · 61.7% own
• Severe rent burden: 641.0

Population outlook (Nash County) Hauer SSP2

• Today (2025): 91,107 people
• By 2030: 89,193 · -2.1%
• By 2040: 84,959 · -6.7%
• By 2050: 80,517 · -11.6%
• By 2075: 72,941 · -19.9%
• By 2100: 63,602 · -30.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 46% Black 44% Two or more races 6% Hispanic / Latino 5% Asian 1%
• Common ancestry: Iranian 1% Italian 1% Slovak 1%
• Foreign-born: 3% · Canada
• Languages at home: 93% English-only · Spanish 5% Arabic 1% Other Indo-European 1%

Political lean MEDSL · Nash

• 2024 margin: Toss-up / Even · D 48.7% · R 50.5%
• 2008→2024 swing: -0.4pp no change · 2008: -1.3pp · 2024: -1.8pp
• All cycles: 2024: R+1.8 2020: D+0.2 2016: R+0.2 2012: D+0.9 2008: R+1.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -162.95%
• Current HPI: 190.0204
• Rent YoY: ▲ 5.51%
• 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

+11890.0% since first listed

13 events — show timeline

• 2026-05-25 Pending — TMLS
• 2026-05-25 Price Changed $119,900 TMLS
• 2026-04-01 Price Changed $119,900 Hive MLS
• 2026-03-26 Relisted — Hive MLS
• 2026-03-26 Listing Removed — Hive MLS
• 2026-03-05 Relisted — TMLS
• 2026-03-05 Relisted — Hive MLS
• 2026-02-02 Listing Removed — TMLS
• 2026-01-19 Contingent — Hive MLS
• 2026-01-19 Pending — TMLS
• 2025-12-30 Listed $129,900 Hive MLS
• 2025-12-30 Listed $129,900 TMLS
• 2023-01-24 Sold (Public Records) $1,000 Public Records

Property tax history

+0.5%/yr

Latest (2025): $237 · +0.0% YoY. Source: county tax records.