408 Woodland Ave · Rocky Mount, NC 27801

$79,900

3 bd · 2.0 ba · 1,490 sqft · SingleFamily public records · 59 Days on market

Built 1920 7,405 sqft lot Est $131k · 39% under ↓ 19% since listing

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 3-bedroom, 2 full bath ranch home offers a solid layout and plenty of potential for buyers looking to add their own style and updates. With a little cleaning and cosmetic improvements, this home can truly shine. The property also features a private backyard, providing a peaceful outdoor space for relaxing or entertaining. A great opportunity for homeowners or investors looking to personalize a home to their taste.

Key facts

• Private backyard
• 7,405 sq ft lot
• Built 1920

Tags

• PRIVATE BACKYARD

Property features AI

Finance

• Other: Lot approximately 0.17 acres; Zoning: R6
• HOA & community: No association

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer
• Home design: One-story house
• Construction: Vinyl siding; Shingle roof; House structure
• Exterior features: Covered front porch

Interior

• Bedrooms: 3 bedrooms (all on the main level)
• Flooring: Carpet flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Bathtub/shower combination

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $610 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Recommended offer: $78k (3.0% below list) — sets the bar for market timing.
• Cap rate 15.5% 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: schools F, crime F, amenities F.
• Edgecombe County Public Schools (rural): math 21% / reading 27% proficiency, ranked #163 of 178 in NC (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 74% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 133 active listings in the ZIP; lower-income renter base — watch delinquency; 50 units permitted in Edgecombe County in 2024 (5 in 5+ unit buildings).
• This rent runs 37% of the median local income ($45k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $552 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Edgecombe County population projected at -34% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 59 days — a 3% lower offer ($78k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $30k (27%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1920 — 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 $77,503 (3.0% below list)

Questions for the listing agent

1. It's been on market 59 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.75% ✓
• Cap rate: 15.46%
• Cash-on-cash: 32.74%
• DSCR: 2.46
• GRM: 4.8

CMA / ARV

• ARV (on-the-fly): $131,120
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1012 E Highland Ave	0.19mi	3/2.0	1,456 (-2%)	11mo	$215,000	$148	78
823 E Holly St	0.08mi	3/1.0	1,538 (+3%)	12mo	$85,000	$55	77
317 E Virginia St	0.38mi	3/2.0	1,534 (+3%)	3mo	$110,000	$72	75
509 N Mercer St	0.37mi	3/2.0	1,439 (-3%)	3mo	$75,000	$52	74
421 N Daughtry St	0.41mi	3/1.0	1,506 (+1%)	2mo	$80,000	$53	73
321 Coleman Ave	0.13mi	4/1.0 (+1)	1,572 (+6%)	7mo	$145,000	$92	70
521 Pennsylvania Ave	0.27mi	3/1.0	1,316 (-12%)	1mo	$116,000	$88	63
412 Suburb St	0.25mi	3/1.0	1,353 (-9%)	9mo	$130,000	$96	62
432 N Mercer St N	0.46mi	3/2.0	1,426 (-4%)	12mo	$140,000	$98	61
322 Myrtle Ave	0.17mi	3/2.0	1,351 (-9%)	19mo	$215,000	$159	61
511 Avent St	0.72mi	3/1.0	1,475 (-1%)	7mo	$50,000	$34	55
734 Park Ave	0.36mi	2/1.0 (-1)	1,290 (-13%)	16mo	$60,000	$47	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 27.8%
• Equity multiple: 2.16×
• Total profit: $25,916
• Equity at exit: $11,913

10-year hold

• IRR: 35.3%
• Equity multiple: 4.24×
• Total profit: $72,574
• Equity at exit: $6,908

Cash invested: $22,372 (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 27801

• Home prices YoY: -5.6%
• Active inventory: 133
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $1,401 medium
• Mortgage (P&I): −$419
• Tax from tax record: −$44 /mo · $530/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$294
• Net cashflow: $610

Break-even live

Break-even rent $628

Max offer price $79,900

Occupancy floor 51%

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-19
   days on market $79,900 Active 59 DOM
2. 2026-06-18
   days on market $79,900 Active 58 DOM
3. 2026-06-17
   days on market $79,900 Active 57 DOM
4. 2026-06-16
   days on market $79,900 Active 56 DOM
5. 2026-06-15
   days on market $79,900 Active 55 DOM
6. 2026-06-14
   days on market $79,900 Active 53 DOM
7. 2026-06-13
   pricedays on market $79,900 Active 52 DOM
8. 2026-06-10
   days on market $89,000 Active 50 DOM
9. 2026-06-09
   days on market $89,000 Active 49 DOM
10. 2026-06-08
    days on market $89,000 Active 48 DOM
11. 2026-06-07
    days on market $89,000 Active 47 DOM
12. 2026-06-03
    days on market $89,000 Active 43 DOM
13. 2026-06-02
    days on market $89,000 Active 42 DOM
14. 2026-06-01
    days on market $89,000 Active 41 DOM
15. 2026-05-31
    days on market $89,000 Active 40 DOM
16. 2026-05-30
    days on market $89,000 Active 39 DOM
17. 2026-05-20
    price $89,000
18. 2026-05-04
    price $99,900 422-char remark

    Show marketing remark (422 chars)

    This 3-bedroom, 2 full bath ranch home offers a solid layout and plenty of potential for buyers looking to add their own style and updates. With a little cleaning and cosmetic improvements, this home can truly shine. The property also features a private backyard, providing a peaceful outdoor space for relaxing or entertaining. A great opportunity for homeowners or investors looking to personalize a home to their taste.

19. 2026-05-04
    price $99,900

    Show marketing remark (422 chars)

    This 3-bedroom, 2 full bath ranch home offers a solid layout and plenty of potential for buyers looking to add their own style and updates. With a little cleaning and cosmetic improvements, this home can truly shine. The property also features a private backyard, providing a peaceful outdoor space for relaxing or entertaining. A great opportunity for homeowners or investors looking to personalize a home to their taste.

20. 2026-04-21
    listed $109,900 Active

    Show marketing remark (422 chars)

    This 3-bedroom, 2 full bath ranch home offers a solid layout and plenty of potential for buyers looking to add their own style and updates. With a little cleaning and cosmetic improvements, this home can truly shine. The property also features a private backyard, providing a peaceful outdoor space for relaxing or entertaining. A great opportunity for homeowners or investors looking to personalize a home to their taste.

21. 2026-04-21
    listed $109,900 Active 422-char remark

    Show marketing remark (422 chars)

    This 3-bedroom, 2 full bath ranch home offers a solid layout and plenty of potential for buyers looking to add their own style and updates. With a little cleaning and cosmetic improvements, this home can truly shine. The property also features a private backyard, providing a peaceful outdoor space for relaxing or entertaining. A great opportunity for homeowners or investors looking to personalize a home to their taste.

ⓘ 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: $530 · $44/mo
• Projected year-2 tax: $655 · $55/mo
• Expected delta: +$125/yr (+$10/mo · 23.6%)

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

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 ≥109°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: $16,813
• − Mortgage interest: −$4,476
• − Property taxes: −$530
• − Insurance: −$400
• − Repairs & maintenance: −$1,345
• − Management: −$1,345
• − Depreciation: −$2,324
• Taxable income: $6,393
• Est. tax owed @ 24.0%: −$1,534
• After-tax cash flow: $5,790/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: Edgecombe County Public Schools
• NCES district ID: 3701320
• Math proficiency: 21% ▼ -2.00%
• Reading proficiency: 27% ▲ 2.00%
• Median HH income: $35,711
• Composite: 19.85/100
• National rank: #8696
• State rank: #163 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: Edgecombe County · 37,913 people
• City population: 70,300
• Metro: Rocky Mount, NC
• Population (ZIP): 19,532
• Household income: $44,884
• Rent vs Own: 50.7% rent · 49.3% own
• Severe rent burden: 900.0

Population outlook (Edgecombe County) Hauer SSP2

• Today (2025): 47,800 people
• By 2030: 44,396 · -7.1%
• By 2040: 37,562 · -21.4%
• By 2050: 31,495 · -34.1%
• By 2075: 20,943 · -56.2%
• By 2100: 13,674 · -71.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (70%)
• Race & ethnicity: Black 70% White 24% Two or more races 3% Hispanic / Latino 1%
• Common ancestry: Romanian 1%
• Foreign-born: 1% · Canada
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Edgecombe

• 2024 margin: Strong D (+22.7) · D 61.0% · R 38.3%
• 2008→2024 swing: -11.8pp toward R · 2008: 34.5pp · 2024: 22.7pp
• All cycles: 2024: D+22.7 2020: D+27.0 2016: D+32.2 2012: D+36.4 2008: D+34.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -17.65%
• Current HPI: 296.3428
• Rent YoY: —
• 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

-19.0% since first listed

5 events — show timeline

• 2026-05-20 Price Changed $89,000 TMLS
• 2026-05-04 Price Changed $99,900 Hive MLS
• 2026-05-04 Price Changed $99,900 TMLS
• 2026-04-21 Listed $109,900 Hive MLS
• 2026-04-21 Listed $109,900 TMLS

Property tax history

+1.2%/yr

Latest (2025): $530 · +0.0% YoY. Source: county tax records.