3829 U.s. 70 · Raleigh, NC 27703

$150,000

2 bd · 1.0 ba · 560 sqft · SingleFamily public records · 154 Days on market

Built 1975 0.89 ac lot

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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 +26.5/30.0
• DSCR +9.0/10.0
• ARV discount +7.5/15.0
• 1% rule +6.0/10.0
• Livability +4.2/5.0
• Schools +3.0/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Great opportunity in a growing area. The home needs a full renovation to be livable, giving you the option to rebuild, tear down, or start fresh with new construction. The lot is currently zoned commercial, adding even more potential as the area continues to develop. Zoning is currently GC. Interested parties are encouraged to contact the Durham County Planning Department regarding potential zoning changes or alternative uses. No well or septic information available. Property is a Judicial Sale and Sold AS IS. Currently, the parcel has no deeded access. Lots of possibilities for the right buyer or investor.

Key facts

• Full renovation
• Zoned commercial
• 0.89 acre lot

Tags

• FULL RENOVATION
• ZONED COMMERCIAL
• POTENTIAL ZONING CHANGES

Property features AI

Finance

• Other: Lot approximately 0.89 acres; Zoning: GC; Publicly maintained road access; Directions: TW Alexander Dr to west on US 70 for around 1 mile; driveway is near the Durham County road sign (home not visible from US 70)
• Financial info: Annual tax noted
• HOA & community: No association

Exterior

• Utilities: Well water; Septic tank
• Home design: Single-story house; One level
• Construction: Wood siding; Shingle roof
• Exterior features: Front porch; Side porch

Interior

• Bedrooms: 1 total bedroom; 2 main-level bedrooms
• Flooring: Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Heating present (type: Other / See remarks); No central cooling
• Interior features: Vinyl flooring

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 $396 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $132k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.5% vs local median 2.7% in Raleigh — 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 83/100 on livability (#10 in NC, #1,028 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, housing A+; Watch: crime F.
• Durham Public Schools (urban): math 29% / reading 39% proficiency, ranked #132 of 178 in NC (top 74%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Spring Valley Elementary (math 18% / reading 36%, grade F, #1,033 of 1,410 statewide, top 76%, 534 students, 57% FRL) — zoned schools at 57% FRL track the district average.
• Market conditions: Rents flat; 1103 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 2,905 units permitted in Durham County in 2024 (955 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.
• Durham County population projected at +44% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 154 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 25y ago 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

• Climate carrying-cost: major wind risk, 27% 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 $132,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 154 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1975 — 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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 1.10% ✓
• Cap rate: 9.46%
• Cash-on-cash: 11.32%
• DSCR: 1.50
• GRM: 7.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.84% rent growth · sell at horizon

5-year hold

• IRR: -1.7%
• Equity multiple: 0.94×
• Total profit: $-2,638
• Equity at exit: $22,365

10-year hold

• IRR: 5.7%
• Equity multiple: 1.38×
• Total profit: $16,152
• 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.

Methodology + full state rankings →

ZIP-level market 27703

• Rents YoY: 0.8%
• Active inventory: 1103
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,657 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$63 /mo · $759/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$348
• Net cashflow: $396

Break-even live

Break-even rent $1,155

Max offer price $150,000

Occupancy floor 71%

Sensitivity live

Price	-10% $481	-5% $439	+0% $396	+5% $354	+10% $311
Rent	-10% $265	-5% $331	+0% $396	+5% $462	+10% $527
Rate	-1.0pp $472	-0.5pp $435	base $396	+0.5pp $357	+1.0pp $318

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: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
100 Adelaide Cir Morrisville, NC	1.0–2.0	1.0–3.0	848	$1,631	$1.92	15d	54	0.59mi
7900 Accent Brier Ln Raleigh, NC	1.0–2.0	1.0–2.0	899	$1,915	$2.13	3d	28	1.16mi
600 Discovery Way Durham, NC	1.0	1.0	730	$1,225	$1.68	24d	1	1.30mi
7651 Brier Creek Pkwy Raleigh, NC	1.0–2.0	1.0–2.0	975	$1,525	$1.56	5d	37	1.45mi

Listing history 25 events

1. 2026-06-18
   days on market $150,000 Active 154 DOM
2. 2026-06-17
   days on market $150,000 Active 153 DOM
3. 2026-06-16
   days on market $150,000 Active 152 DOM
4. 2026-06-15
   days on market $150,000 Active 151 DOM
5. 2026-06-14
   days on market $150,000 Active 149 DOM
6. 2026-06-10
   days on market $150,000 Active 146 DOM
7. 2026-06-09
   days on market $150,000 Active 145 DOM
8. 2026-06-08
   days on market $150,000 Active 144 DOM
9. 2026-06-07
   days on market $150,000 Active 143 DOM
10. 2026-06-05
    days on market $150,000 Active 140 DOM
11. 2026-06-03
    days on market $150,000 Active 139 DOM
12. 2026-06-02
    days on market $150,000 Active 138 DOM
13. 2026-06-01
    days on market $150,000 Active 137 DOM
14. 2026-05-31
    days on market $150,000 Active 136 DOM
15. 2026-05-30
    days on market $150,000 Active 135 DOM
16. 2026-01-15
    listed $150,000 Active
17. 2022-07-18
    historical
18. 2021-12-22
    listed $129,900 Active
19. 2021-12-22
    listed $129,900
20. 2020-07-24
    historical
21. 2017-09-09
    listed $100,000 Active
22. 2011-06-01
    historical
23. 2010-09-10
    listed $69,900
24. 2009-05-14
    historical
25. 2001-05-17
    listed $105,000

ⓘ 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: $759 · $63/mo
• Projected year-2 tax: $1,230 · $102/mo
• Expected delta: +$471/yr (+$39/mo · 62.1%)

ⓘ 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 6/10 Major 7 d/yr ≥105°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% 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: $19,879
• − Mortgage interest: −$8,402
• − Property taxes: −$759
• − Insurance: −$750
• − Repairs & maintenance: −$1,590
• − Management: −$1,590
• − Depreciation: −$4,364
• Taxable income: $2,424
• Est. tax owed @ 24.0%: −$582
• After-tax cash flow: $4,175/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: Durham Public Schools
• NCES district ID: 3701260
• Math proficiency: 29% ▼ -3.00%
• Reading proficiency: 39% ▲ 2.00%
• Median HH income: $52,143
• Composite: 29.69/100
• National rank: #6457
• State rank: #132 of 178 in NC

Livability — Raleigh

• Score: 83/100
• State rank: #10
• US rank: #1028

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Durham County · 288,747 people
• City population: 569,344
• Metro: Durham-Chapel Hill, NC
• Population (ZIP): 63,458
• Household income: $89,317
• Rent vs Own: 34.0% rent · 66.0% own
• Severe rent burden: 1685.0

Population outlook (Durham County) Hauer SSP2

• Today (2025): 368,962 people
• By 2030: 402,686 · +9.1%
• By 2040: 468,677 · +27.0%
• By 2050: 531,727 · +44.1%
• By 2075: 660,446 · +79.0%
• By 2100: 739,971 · +100.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.70)
• Race & ethnicity: Black 40% White 32% Hispanic / Latino 20% Two or more races 9% Asian 5%
• Hispanic origin (detail): Mexican 11% Puerto Rican 1%
• Common ancestry: Swiss 2% Romanian 2% Italian 1%
• Foreign-born: 15% · Canada, Vietnam, China
• Languages at home: 77% English-only · Spanish 17% Other Asian/Pacific 1% Other Indo-European 1%

Political lean MEDSL · Durham

• 2024 margin: Solid D (+61.9) · D 80.2% · R 18.2% · Other 1.6%
• 2008→2024 swing: +10.0pp toward D · 2008: 51.9pp · 2024: 61.9pp
• All cycles: 2024: D+61.9 2020: D+62.4 2016: D+60.4 2012: D+52.7 2008: D+51.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -129.81%
• Current HPI: 206.7413
• Rent YoY: ▲ 0.84%
• Metro: Durham-Chapel Hill, 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

+42.9% since first listed

10 events — show timeline

• 2026-01-15 Listed $150,000 TMLS
• 2022-07-18 Listing Removed — TMLS
• 2021-12-22 Listed $129,900 LPRMLS
• 2021-12-22 Listed $129,900 TMLS
• 2020-07-24 Listing Removed — TMLS
• 2017-09-09 Listed $100,000 TMLS
• 2011-06-01 Listing Removed — TMLS
• 2010-09-10 Listed $69,900 TMLS
• 2009-05-14 Listing Removed — TMLS
• 2001-05-17 Listed $105,000 TMLS

Property tax history

+3.4%/yr

Latest (2024): $759 · -16.6% YoY. Source: county tax records.