150 Alston Pruitt Rd · Louisburg, NC 27549

$159,900

3 bd · 1.0 ba · 960 sqft · SingleFamily public records · 112 Days on market

Built 1970 0.47 ac lot Est $131k · 22% over

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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 +21.0/30.0
• DSCR +6.7/10.0
• 1% rule +4.5/10.0
• Livability +3.3/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

Freshly updated and beautifully staged to showcase the home's layout and potential, this move-in-ready home blends modern finishes with the peaceful feel of country living. Inside, you'll find brand new LVP flooring, fresh interior and exterior paint, updated lighting throughout, and a bright, refreshed kitchen designed for everyday comfort and functionality. Situated on a spacious lot, the property also features a large detached shed with power - ideal for a workshop, storage, hobby space, or additional flex use. Enjoy quiet surroundings while still being conveniently located near US-401 and NC-56, offering easy access to Louisburg, Wake Forest, and Raleigh, plus nearby shopping, dining, a

Key facts

• Spacious lot
• Refreshed kitchen
• 0.47 acre lot

Tags

• DETACHED SHED WITH POWER
• REFRESHED KITCHEN
• SPACIOUS LOT
• EASY ACCESS TO HIGHWAYS

Property features AI

Finance

• Other: Lot size approximately 0.47 acres
• HOA & community: No association

Exterior

• Parking: Driveway; 2 parking spaces
• Utilities: Well water; Septic tank
• Home design: Single-story house
• Construction: Wood siding; Architectural shingle roof; Block foundation; Built as a house
• Exterior features: Shed(s) on property; Publicly maintained road access

Interior

• Kitchen: Electric range; Refrigerator
• Bedrooms: 3 bedrooms (all on the main level)
• Flooring: Hardwood; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric forced-air heating; Central air conditioning
• Interior features: Electric range; Refrigerator; Hardwood flooring; Vinyl flooring; Crawl space basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $225 ($3k/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 $151k (5.3% below list).
• Recommended offer: $146k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.0% vs local median 3.2% in Louisburg — 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 66/100 on livability (#289 in NC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: amenities F, commute F, employment F.
• Franklin County Schools (rural): math 34% / reading 37% proficiency, ranked #128 of 178 in NC (top 72%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Terrell Lane Middle (math 26% / reading 34%, grade F, #335 of 475 statewide, top 72%, 395 students, 79% FRL) — zoned schools average 79% FRL vs 54% district-wide (25 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 432 active listings in the ZIP; 948 units permitted in Franklin County in 2024 (0 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 $5k of value loss. Plan a longer hold.
• Franklin County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 112 days — a 9% lower offer ($146k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $15k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $125k; 28% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 50% 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 $145,509 (9.0% below list)

Questions for the listing agent

1. It's been on market 112 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 1970 — 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 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?
6. 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?
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: 0.95% ✗
• Cap rate: 7.98%
• Cash-on-cash: 6.04%
• DSCR: 1.27
• GRM: 8.8

CMA / ARV

• ARV (on-the-fly): $130,560
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
120 Hillard Rd	0.70mi	3/1.5	1,008 (+5%)	5mo	$137,000	$136	53

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: -7.0%
• Equity multiple: 0.74×
• Total profit: $-11,614
• Equity at exit: $23,842

10-year hold

• IRR: 2.5%
• Equity multiple: 1.18×
• Total profit: $8,130
• Equity at exit: $13,825

Cash invested: $44,772 (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 27549

• Home prices YoY: -18.7%
• Active inventory: 432
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $1,514 medium
• Mortgage (P&I): −$839
• Tax from tax record: −$66 /mo · $787/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$318
• Net cashflow: $225

Break-even live

Break-even rent $1,229

Max offer price $159,900

Occupancy floor 80%

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Listing history 15 events

1. 2026-06-18
   days on market $159,900 Active 112 DOM
2. 2026-06-17
   days on market $159,900 Active 111 DOM
3. 2026-06-16
   days on market $159,900 Active 110 DOM
4. 2026-06-15
   days on market $159,900 Active 109 DOM
5. 2026-06-13
   days on market $159,900 Active 107 DOM
6. 2026-06-12
   days on market $159,900 Active 106 DOM
7. 2026-06-09
   days on market $159,900 Active 103 DOM
8. 2026-06-08
   days on market $159,900 Active 102 DOM
9. 2026-06-07
   days on market $159,900 Active 101 DOM
10. 2026-06-07
    days on market $159,900 Active 100 DOM
11. 2026-06-04
    days on market $159,900 Active 97 DOM
12. 2026-06-02
    days on market $159,900 Active 96 DOM
13. 2026-06-01
    days on market $159,900 Active 95 DOM
14. 2026-05-31
    remarks 699-char remark
15. 2026-05-31
    listed $159,900 Active 94 DOM

ⓘ 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: $787 · $66/mo
• Projected year-2 tax: $1,311 · $109/mo
• Expected delta: +$524/yr (+$44/mo · 66.6%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥106°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 50% 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: $18,169
• − Mortgage interest: −$8,957
• − Property taxes: −$787
• − Insurance: −$800
• − Repairs & maintenance: −$1,454
• − Management: −$1,454
• − Depreciation: −$4,652
• Taxable income: $67
• Est. tax owed @ 24.0%: −$16
• After-tax cash flow: $2,689/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: Franklin County Schools
• NCES district ID: 3701530
• Math proficiency: 34% ▬ 0.00%
• Reading proficiency: 37% ▼ -4.00%
• Median HH income: $44,630
• Composite: 30.25/100
• National rank: #6286
• State rank: #128 of 178 in NC

Livability — Louisburg

• Score: 66/100
• State rank: #289
• US rank: #12287

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Franklin County · 64,885 people
• City population: 25,543
• Metro: Raleigh-Cary, NC
• Population (ZIP): 25,543
• Household income: $67,879
• Rent vs Own: 28.9% rent · 71.1% own
• Severe rent burden: 677.0

Population outlook (Franklin County) Hauer SSP2

• Today (2025): 69,848 people
• By 2030: 72,480 · +3.8%
• By 2040: 76,682 · +9.8%
• By 2050: 78,993 · +13.1%
• By 2075: 82,888 · +18.7%
• By 2100: 80,784 · +15.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: White 58% Black 25% Hispanic / Latino 13% Two or more races 5%
• Hispanic origin (detail): Mexican 10%
• Common ancestry: Serbian 1% Italian 1% Slovak 1%
• Foreign-born: 6% · Canada
• Languages at home: 88% English-only · Spanish 10% German/W. Germanic 1%

Political lean MEDSL · Franklin

• 2024 margin: R (+13.6) · D 42.7% · R 56.3%
• 2008→2024 swing: -12.9pp toward R · 2008: -0.7pp · 2024: -13.6pp
• All cycles: 2024: R+13.6 2020: R+13.4 2016: R+11.7 2012: R+4.2 2008: R+0.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -52.02%
• Current HPI: 225.8639
• Rent YoY: —
• Metro: Raleigh-Cary, 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

+27.9% since first listed

12 events — show timeline

• 2026-05-29 Price Changed $159,900 TMLS
• 2026-04-24 Relisted — TMLS
• 2026-04-02 Contingent — TMLS
• 2026-03-27 Price Changed $164,900 TMLS
• 2026-02-26 Listed $175,000 TMLS
• 2025-12-02 Listing Removed — TMLS
• 2025-09-25 Price Changed $150,000 TMLS
• 2025-08-29 Price Changed $164,000 TMLS
• 2025-08-23 Price Changed $165,000 TMLS
• 2025-08-06 Price Changed $170,000 TMLS
• 2025-07-05 Listed $175,000 TMLS
• 2025-06-12 Sold (Public Records) $125,000 Public Records

Property tax history

+1.4%/yr

Latest (2025): $787 · +131.6% YoY. Source: county tax records.