2862 Eagle Point Dr · Trinity, NC 27370

$189,999

3 bd · 2.0 ba · 1,188 sqft · Manufactured public records · 36 Days on market

Built 2001 0.97 ac lot

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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).

• Cash flow +18.9/30.0
• ARV discount +7.5/15.0
• DSCR +6.0/10.0
• 1% rule +3.9/10.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Tucked away on a beautiful, tree-lined lot, this inviting home offers the perfect balance of comfort and outdoor living. The spacious living room flows seamlessly into an open kitchen, creating an ideal setting for everyday living and entertaining. Step outside to enjoy the peaceful surroundings from two expansive decks—perfect for hosting, relaxing, or unwinding in nature. With 3 bedrooms and 2 full bathrooms, this home provides plenty of space both inside and out, making it a great option for those seeking privacy, comfort, and room to enjoy. No HOA, generous lot size, and move-in ready potential! Ideal for first-time buyers, downsizers, or investors looking for a solid opportunity. Easy to show—schedule your tour today!

Key facts

• Two expansive decks
• Move in ready
• Open kitchen

Tags

• TREE LINED LOT
• OPEN KITCHEN
• TWO EXPANSIVE DECKS
• GENEROUS LOT SIZE
• MOVE IN READY

Property features AI

Finance

• HOA & community: No HOA

Exterior

• Parking: Driveway
• Utilities: City water; Septic system installed
• Home design: Manufactured doublewide single-family residence; One story (single-level); Partial brick and vinyl exterior
• Construction: Manufactured construction; Partial brick and vinyl siding; Crawl space foundation
• Exterior features: Lot is approximately 0.97 acres; Paved road access on a publicly maintained road; Road surface includes paved and other

Interior

• Kitchen: Kitchen includes dishwasher, oven and refrigerator
• Bedrooms: Three bedrooms on the main level
• Bathrooms: Two full bathrooms on the main level
• Heating & cooling: Heat pump provides heating and cooling
• Interior features: Open room layout (1 main living space); Dishwasher, Oven, Refrigerator, Washer/Dryer included
• Laundry & utility: In-unit laundry (washer/dryer included)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $190k.

Deal economics

• At list price, monthly cash flow is $195 ($2k/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 $170k (10.8% below list).
• Recommended offer: $170k (10.8% below list) — sets the bar for 1% rule.
• Cap rate 7.5% vs local median 3.4% in Trinity — 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 69/100 on livability (#161 in NC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D, amenities F, commute F.
• Randolph County School System (rural): math 43% / reading 43% proficiency, ranked #94 of 178 in NC (top 53%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 117 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 789 units permitted in Randolph County in 2024 (168 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 $6k of value loss. Plan a longer hold.
• Randolph County population projected to shrink 10% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 36 days — a 3% lower offer ($184k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $15k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $169,500 (10.8% below list)

Questions for the listing agent

1. It's been on market 36 days. Have you received any prior offers? Is the seller open to a 11% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. 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?
5. 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.
6. 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.
7. 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: 0.89% ✗
• Cap rate: 7.53%
• Cash-on-cash: 4.41%
• DSCR: 1.20
• GRM: 9.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -9.5%
• Equity multiple: 0.65×
• Total profit: $-18,428
• Equity at exit: $28,329

10-year hold

• IRR: -0.1%
• Equity multiple: 0.99×
• Total profit: $-348
• Equity at exit: $16,428

Cash invested: $53,200 (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 27370

• Home prices YoY: -9.9%
• Active inventory: 117
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,695 medium
• Mortgage (P&I): −$996
• Tax from tax record: −$68 /mo · $818/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$356
• Net cashflow: $195

Break-even live

Break-even rent $1,448

Max offer price $189,999

Occupancy floor 83%

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: $47,500
• Closing costs: $5,700
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7076 Kennedy Rd Trinity, NC	3.0	2.0	1395	$1,695	$1.22	14d	1	1.05mi

Listing history 18 events

1. 2026-06-05
   listing id $189,999 Pending 36 DOM
2. 2026-05-02
   status Pending 744-char remark

   Show marketing remark (744 chars)

   Tucked away on a beautiful, tree-lined lot, this inviting home offers the perfect balance of comfort and outdoor living. The spacious living room flows seamlessly into an open kitchen, creating an ideal setting for everyday living and entertaining. Step outside to enjoy the peaceful surroundings from two expansive decks—perfect for hosting, relaxing, or unwinding in nature. With 3 bedrooms and 2 full bathrooms, this home provides plenty of space both inside and out, making it a great option for those seeking privacy, comfort, and room to enjoy. No HOA, generous lot size, and move-in ready potential! Ideal for first-time buyers, downsizers, or investors looking for a solid opportunity. Easy to show—schedule your tour today!

3. 2026-05-02
   status Pending

   Show marketing remark (744 chars)

   Tucked away on a beautiful, tree-lined lot, this inviting home offers the perfect balance of comfort and outdoor living. The spacious living room flows seamlessly into an open kitchen, creating an ideal setting for everyday living and entertaining. Step outside to enjoy the peaceful surroundings from two expansive decks—perfect for hosting, relaxing, or unwinding in nature. With 3 bedrooms and 2 full bathrooms, this home provides plenty of space both inside and out, making it a great option for those seeking privacy, comfort, and room to enjoy. No HOA, generous lot size, and move-in ready potential! Ideal for first-time buyers, downsizers, or investors looking for a solid opportunity. Easy to show—schedule your tour today!

4. 2026-05-01
   price $189,999 744-char remark

   Show marketing remark (744 chars)

   Tucked away on a beautiful, tree-lined lot, this inviting home offers the perfect balance of comfort and outdoor living. The spacious living room flows seamlessly into an open kitchen, creating an ideal setting for everyday living and entertaining. Step outside to enjoy the peaceful surroundings from two expansive decks—perfect for hosting, relaxing, or unwinding in nature. With 3 bedrooms and 2 full bathrooms, this home provides plenty of space both inside and out, making it a great option for those seeking privacy, comfort, and room to enjoy. No HOA, generous lot size, and move-in ready potential! Ideal for first-time buyers, downsizers, or investors looking for a solid opportunity. Easy to show—schedule your tour today!

5. 2026-05-01
   price $189,999

   Show marketing remark (744 chars)

   Tucked away on a beautiful, tree-lined lot, this inviting home offers the perfect balance of comfort and outdoor living. The spacious living room flows seamlessly into an open kitchen, creating an ideal setting for everyday living and entertaining. Step outside to enjoy the peaceful surroundings from two expansive decks—perfect for hosting, relaxing, or unwinding in nature. With 3 bedrooms and 2 full bathrooms, this home provides plenty of space both inside and out, making it a great option for those seeking privacy, comfort, and room to enjoy. No HOA, generous lot size, and move-in ready potential! Ideal for first-time buyers, downsizers, or investors looking for a solid opportunity. Easy to show—schedule your tour today!

6. 2026-04-17
   price $199,999 744-char remark

   Show marketing remark (744 chars)

   Tucked away on a beautiful, tree-lined lot, this inviting home offers the perfect balance of comfort and outdoor living. The spacious living room flows seamlessly into an open kitchen, creating an ideal setting for everyday living and entertaining. Step outside to enjoy the peaceful surroundings from two expansive decks—perfect for hosting, relaxing, or unwinding in nature. With 3 bedrooms and 2 full bathrooms, this home provides plenty of space both inside and out, making it a great option for those seeking privacy, comfort, and room to enjoy. No HOA, generous lot size, and move-in ready potential! Ideal for first-time buyers, downsizers, or investors looking for a solid opportunity. Easy to show—schedule your tour today!

7. 2026-04-17
   price $199,999

   Show marketing remark (744 chars)

   Tucked away on a beautiful, tree-lined lot, this inviting home offers the perfect balance of comfort and outdoor living. The spacious living room flows seamlessly into an open kitchen, creating an ideal setting for everyday living and entertaining. Step outside to enjoy the peaceful surroundings from two expansive decks—perfect for hosting, relaxing, or unwinding in nature. With 3 bedrooms and 2 full bathrooms, this home provides plenty of space both inside and out, making it a great option for those seeking privacy, comfort, and room to enjoy. No HOA, generous lot size, and move-in ready potential! Ideal for first-time buyers, downsizers, or investors looking for a solid opportunity. Easy to show—schedule your tour today!

8. 2026-03-27
   listed $204,999 Active 744-char remark

   Show marketing remark (744 chars)

   Tucked away on a beautiful, tree-lined lot, this inviting home offers the perfect balance of comfort and outdoor living. The spacious living room flows seamlessly into an open kitchen, creating an ideal setting for everyday living and entertaining. Step outside to enjoy the peaceful surroundings from two expansive decks—perfect for hosting, relaxing, or unwinding in nature. With 3 bedrooms and 2 full bathrooms, this home provides plenty of space both inside and out, making it a great option for those seeking privacy, comfort, and room to enjoy. No HOA, generous lot size, and move-in ready potential! Ideal for first-time buyers, downsizers, or investors looking for a solid opportunity. Easy to show—schedule your tour today!

9. 2026-03-27
   listed $204,999 Active

   Show marketing remark (744 chars)

   Tucked away on a beautiful, tree-lined lot, this inviting home offers the perfect balance of comfort and outdoor living. The spacious living room flows seamlessly into an open kitchen, creating an ideal setting for everyday living and entertaining. Step outside to enjoy the peaceful surroundings from two expansive decks—perfect for hosting, relaxing, or unwinding in nature. With 3 bedrooms and 2 full bathrooms, this home provides plenty of space both inside and out, making it a great option for those seeking privacy, comfort, and room to enjoy. No HOA, generous lot size, and move-in ready potential! Ideal for first-time buyers, downsizers, or investors looking for a solid opportunity. Easy to show—schedule your tour today!

10. 2025-08-01
    soldstatus $175,000 Closed 463-char remark

    Show marketing remark (463 chars)

    Nestled on a spacious tree-lined lot, this charming home offers the perfect blend of comfort and outdoor enjoyment! Huge living room and open kitchen creates a welcoming space to gather and entertain! Enjoy the serenity of nature with not one, but two large decks, perfect for relaxing, entertaining or simply soaking in the peaceful surroundings! With ample space both inside and out, this home is a fantastic opportunity for those seeking privacy and comfort!

11. 2025-08-01
    soldstatus $175,000

    Show marketing remark (463 chars)

    Nestled on a spacious tree-lined lot, this charming home offers the perfect blend of comfort and outdoor enjoyment! Huge living room and open kitchen creates a welcoming space to gather and entertain! Enjoy the serenity of nature with not one, but two large decks, perfect for relaxing, entertaining or simply soaking in the peaceful surroundings! With ample space both inside and out, this home is a fantastic opportunity for those seeking privacy and comfort!

12. 2025-07-15
    status Pending 463-char remark

    Show marketing remark (463 chars)

    Nestled on a spacious tree-lined lot, this charming home offers the perfect blend of comfort and outdoor enjoyment! Huge living room and open kitchen creates a welcoming space to gather and entertain! Enjoy the serenity of nature with not one, but two large decks, perfect for relaxing, entertaining or simply soaking in the peaceful surroundings! With ample space both inside and out, this home is a fantastic opportunity for those seeking privacy and comfort!

13. 2025-06-24
    historical Due Diligence Period 463-char remark

    Show marketing remark (463 chars)

    Nestled on a spacious tree-lined lot, this charming home offers the perfect blend of comfort and outdoor enjoyment! Huge living room and open kitchen creates a welcoming space to gather and entertain! Enjoy the serenity of nature with not one, but two large decks, perfect for relaxing, entertaining or simply soaking in the peaceful surroundings! With ample space both inside and out, this home is a fantastic opportunity for those seeking privacy and comfort!

14. 2025-05-30
    listed $185,000 Active 463-char remark

    Show marketing remark (463 chars)

    Nestled on a spacious tree-lined lot, this charming home offers the perfect blend of comfort and outdoor enjoyment! Huge living room and open kitchen creates a welcoming space to gather and entertain! Enjoy the serenity of nature with not one, but two large decks, perfect for relaxing, entertaining or simply soaking in the peaceful surroundings! With ample space both inside and out, this home is a fantastic opportunity for those seeking privacy and comfort!

15. 2025-04-04
    soldstatus $107,250 Closed
16. 2025-02-18
    status Pending
17. 2025-02-06
    listed $100,000 Active
18. 2001-08-09
    soldstatus $32,000

ⓘ 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: $818 · $68/mo
• Projected year-2 tax: $1,558 · $130/mo
• Expected delta: +$740/yr (+$62/mo · 90.3%)

ⓘ 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 5/10 Major 7 d/yr ≥103°F today · 16 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 16% 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: $20,340
• − Mortgage interest: −$10,643
• − Property taxes: −$818
• − Insurance: −$950
• − Repairs & maintenance: −$1,627
• − Management: −$1,627
• − Depreciation: −$5,527
• Taxable loss: −$853
• Est. tax savings @ 24.0%: +$205
• After-tax cash flow: $2,548/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: Randolph County School System
• NCES district ID: 3703780
• Math proficiency: 43% ▲ 1.00%
• Reading proficiency: 43% ▲ 2.00%
• Median HH income: $43,490
• Composite: 36.37/100
• National rank: #4686
• State rank: #94 of 178 in NC

Livability — Trinity

• Score: 69/100
• State rank: #161
• US rank: #8823

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 15,223

Population outlook (Randolph County) Hauer SSP2

• Today (2025): 142,640 people
• By 2030: 140,911 · -1.2%
• By 2040: 135,692 · -4.9%
• By 2050: 128,575 · -9.9%
• By 2075: 111,507 · -21.8%
• By 2100: 93,376 · -34.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Hispanic / Latino 5% Two or more races 3% Black 2% Asian 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Serbian 5% Slovak 5% Iranian 3%
• Foreign-born: 1% · Canada
• Languages at home: 96% English-only · Spanish 3% Tagalog/Filipino 1%

Political lean MEDSL · Randolph

• 2024 margin: Solid R (+57.2) · D 21.0% · R 78.3%
• 2008→2024 swing: -15.0pp toward R · 2008: -42.3pp · 2024: -57.2pp
• All cycles: 2024: R+57.2 2020: R+56.3 2016: R+56.7 2012: R+50.2 2008: R+42.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -26.61%
• Current HPI: 242.2984
• 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

+493.7% since first listed

17 events — show timeline

• 2026-05-02 Pending — Triad MLS
• 2026-05-02 Pending — CANOPYMLS as Distributed by MLS Grid
• 2026-05-01 Price Changed $189,999 Triad MLS
• 2026-05-01 Price Changed $189,999 CANOPYMLS as Distributed by MLS Grid
• 2026-04-17 Price Changed $199,999 Triad MLS
• 2026-04-17 Price Changed $199,999 CANOPYMLS as Distributed by MLS Grid
• 2026-03-27 Listed $204,999 CANOPYMLS as Distributed by MLS Grid
• 2026-03-27 Listed $204,999 Triad MLS
• 2025-08-01 Sold (Public Records) $175,000 Public Records
• 2025-08-01 Sold (MLS) $175,000 Triad MLS
• 2025-07-15 Pending — Triad MLS
• 2025-06-24 Contingent — Triad MLS
• 2025-05-30 Listed $185,000 Triad MLS
• 2025-04-04 Sold (MLS) $107,250 Triad MLS
• 2025-02-18 Pending — Triad MLS
• 2025-02-06 Listed $100,000 Triad MLS
• 2001-08-09 Sold (Public Records) $32,000 Public Records

Property tax history

+10.0%/yr

Latest (2025): $818 · +1.5% YoY. Source: county tax records.