1729 Swamp Rd · Engelhard, NC 27824

$49,900

3 bd · 1.0 ba · 1,272 sqft · SingleFamily public records · 76 Days on market

Built 1973 0.35 ac lot

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Why this score? — see what drove the B+ 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +8.6/10.0
• ARV discount +7.5/15.0
• Schools +3.5/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Ranch style property located in Engelhard, NC. 1729 Swamp Rd is a 0.35 acre lot that backs up to farmland. The house is a one story, 1303 sqft site built home with 3 bedrooms, 1 bathroom, kitchen, living room, and office. Located within 3 miles to Mattamuskeet National Wildlife Refuge, 12 miles to Gull Rock Hunting and Game Land, and 2 miles to the Pamlico Sound. Contact the listing agent for questions and additional info.

Key facts

• Backs up to farmland
• One story home
• 0.35 acre lot

Tags

• RANCH STYLE PROPERTY
• 0.35 ACRE LOT
• BACKS UP TO FARMLAND
• ONE STORY HOME
• 2 MILES TO THE PAMLICO SOUND

Property features AI

Finance

• HOA & community: No association

Exterior

• Parking: Driveway parking for 2 vehicles
• Utilities: Public water; Public sewer
• Home design: Single-story site-built home; Property condition: fixer
• Construction: Brick veneer construction; Block foundation; Shingle roof; Built as site-built structure
• Exterior features: Front porch

Interior

• Bedrooms: Three bedrooms (all on the main level)
• Flooring: See remarks
• Bathrooms: One full bathroom
• Heating & cooling: Electric heating; No cooling
• Interior features: Main-level laundry; Flooring: see remarks
• Laundry & utility: Laundry located on the main level

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $50k.

Deal economics

• At list price, monthly cash flow is $87 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $50k).
• Recommended offer: $47k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 57/100 on livability (#589 in NC) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, health & safety A+, crime A; Watch: schools F, amenities F, commute F.
• Hyde County Schools (rural): math 36% / reading 47% proficiency, ranked #107 of 178 in NC (top 60%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 5 active listings in the ZIP; 23 units permitted in Hyde County in 2024 (10 in 5+ unit buildings).

Forward outlook

• In year one you build about $4k of equity ($345 loan paydown + $4k appreciation (7.2% local appreciation)).
• Hyde County population projected at -23% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (7.2% appreciation + 3.0% rent growth), your $14k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 8, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 76 days — a 6% lower offer ($47k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $46,906 (6.0% below list)

Questions for the listing agent

1. It's been on market 76 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
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: 2.14% ✓
• Cap rate: 18.65%
• Cash-on-cash: 44.14%
• DSCR: 2.96
• GRM: 3.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

7.25% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 24.5%
• Equity multiple: 2.72×
• Total profit: $24,043
• Equity at exit: $35,410

10-year hold

• IRR: 22.6%
• Equity multiple: 5.74×
• Total profit: $66,196
• Equity at exit: $68,028

Cash invested: $13,972 (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 27824

• Home prices YoY: 4.7%
• Active inventory: 5
• Price-to-rent: 3.9×

Monthly cashflow live

• Estimated rent: $1,067 medium
• Mortgage (P&I): −$262
• Tax from tax record: −$47 /mo · $562/yr
• Insurance: −$21
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$224
• Net cashflow: $87

Break-even live

Break-even rent $957

Max offer price $49,900

Occupancy floor 87%

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: $12,475
• Closing costs: $1,497
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-18
   days on market $49,900 Active 76 DOM
2. 2026-06-17
   days on market $49,900 Active 75 DOM
3. 2026-06-16
   days on market $49,900 Active 74 DOM
4. 2026-06-15
   days on market $49,900 Active 73 DOM
5. 2026-06-13
   days on market $49,900 Active 71 DOM
6. 2026-06-12
   days on market $49,900 Active 70 DOM
7. 2026-06-09
   days on market $49,900 Active 67 DOM
8. 2026-06-08
   days on market $49,900 Active 66 DOM
9. 2026-06-07
   days on market $49,900 Active 65 DOM
10. 2026-06-07
    days on market $49,900 Active 64 DOM
11. 2026-06-04
    days on market $49,900 Active 61 DOM
12. 2026-06-02
    days on market $49,900 Active 60 DOM
13. 2026-06-01
    days on market $49,900 Active 59 DOM
14. 2026-05-31
    days on market $49,900 Active 58 DOM
15. 2026-04-03
    listed $49,900 Active
16. 2026-04-02
    listed $49,900 Active 426-char remark

    Show marketing remark (426 chars)

    Ranch style property located in Engelhard, NC. 1729 Swamp Rd is a 0.35 acre lot that backs up to farmland. The house is a one story, 1303 sqft site built home with 3 bedrooms, 1 bathroom, kitchen, living room, and office. Located within 3 miles to Mattamuskeet National Wildlife Refuge, 12 miles to Gull Rock Hunting and Game Land, and 2 miles to the Pamlico Sound. Contact the listing agent for questions and additional info.

ⓘ 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: $562 · $47/mo
• Projected year-2 tax: $562 · $47/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone AE · 97% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥105°F today · 19 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,809
• − Mortgage interest: −$2,795
• − Property taxes: −$562
• − Insurance: −$5,368
• − Repairs & maintenance: −$1,025
• − Management: −$1,025
• − Depreciation: −$1,452
• Taxable income: $583
• Est. tax owed @ 24.0%: −$140
• After-tax cash flow: $909/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: Hyde County Schools
• NCES district ID: 3702280
• Math proficiency: 36% ▲ 1.00%
• Reading proficiency: 47% ▲ 4.00%
• Median HH income: $41,288
• Composite: 34.86/100
• National rank: #5089
• State rank: #107 of 178 in NC

Livability — Engelhard

• Score: 57/100
• State rank: #589
• US rank: #21589

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Engelhard, NC
• Population (ZIP): 1,093

Population outlook (Hyde County) Hauer SSP2

• Today (2025): 5,182 people
• By 2030: 4,962 · -4.2%
• By 2040: 4,409 · -14.9%
• By 2050: 3,987 · -23.1%
• By 2075: 3,401 · -34.4%
• By 2100: 2,717 · -47.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.67)
• Race & ethnicity: White 44% Black 32% Two or more races 23% Hispanic / Latino 19%
• Hispanic origin (detail): Mexican 10% Cuban 3% Salvadoran 2%
• Common ancestry: Serbian 8% Romanian 4%
• Foreign-born: 8% · Canada
• Languages at home: 86% English-only · Spanish 14%

Political lean MEDSL · Hyde

• 2024 margin: Strong R (+22.1) · D 38.5% · R 60.6%
• 2008→2024 swing: -23.3pp toward R · 2008: 1.2pp · 2024: -22.1pp
• All cycles: 2024: R+22.1 2020: R+14.9 2016: R+14.0 2012: R+1.1 2008: D+1.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 7.25%
• Current HPI: 163.0597
• 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
▸Retail	2	$95B
▸Industrial Conglomerate	1	$38B
▸Metals / Steel	1	$35B
▸Utilities	1	$30B
▸Industrial Machinery	1	$19B

Price history

+0.0% since first listed

2 events — show timeline

• 2026-04-03 Listed $49,900 TMLS
• 2026-04-02 Listed $49,900 Hive MLS

Property tax history

+3.7%/yr

Latest (2025): $562 · +0.0% YoY. Source: county tax records.