5200 Harvey Rd · High Point, NC 27282

$180,000

3 bd · 2.0 ba · 1,573 sqft · SingleFamily public records · 8 Days on market

Built 1973 1.07 ac lot Est $289k · 38% under

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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
• DSCR +10.0/10.0
• 1% rule +8.9/10.0
• Livability +3.9/5.0
• Schools +3.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Investor opportunity! Ranch home situated on a spacious lot and priced to sell at $180,000. This fixer-upper offers tremendous potential for a fix & flip, rental investment, or owner renovation project. Property needs work and is being sold AS-IS. Ideal handyman special for buyers seeking a rehab opportunity with room to add value. Home needs TLC and updates throughout. Cash only. Bring your vision and transform this property into something special.

Key facts

• 1.07 acre lot
• 2 garage spots
• Built 1973

Property features AI

Finance

• Other: Publicly maintained road access; Lot is approximately 1.07 acres
• Financial info: Property tax information available (not included)
• HOA & community: No homeowners association

Exterior

• Parking: Attached garage with 2 spaces
• Security: Smoke detectors
• Utilities: Well water; Septic tank; Electric water heater
• Home design: Single-story house; Stick/site-built residential property; Built in 1973; Den with fireplace
• Construction: Brick construction; One level; Unfinished basement
• Exterior features: Fenced yard; Wooded lot

Interior

• Kitchen: Oven; Dishwasher; Disposal; Exhaust fan; Free-standing range; Electric water heater
• Bedrooms: Bedroom count not specified
• Flooring: Carpet; Vinyl
• Bathrooms: Two full bathrooms
• Heating & cooling: Heat pump heating; Electric heating; Central air conditioning; Heat pump cooling
• Interior features: Primary bedroom on the main level; Pulldown attic stairs; Ceiling fans; Deadbolt locks; Unfinished basement
• Laundry & utility: Washer hookups; Dryer connection; Main level laundry

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $836 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $180k).
• Cap rate 11.9% vs local median 4.0% in High Point — 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 77/100 on livability (#31 in NC, #3,084 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: schools D+, amenities D, employment D.
• Guilford County Schools (urban): math 39% / reading 45% proficiency, ranked #99 of 178 in NC (top 56%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 143 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 3,843 units permitted in Guilford County in 2024 (2,397 in 5+ unit buildings).
• This rent runs 33% of the median local income ($92k/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 $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Guilford County population projected at +26% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $50k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $110k; list at $180k implies a 64% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $180,000

Questions for the listing agent

1. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
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: 1.39% ✓
• Cap rate: 11.86%
• Cash-on-cash: 19.90%
• DSCR: 1.89
• GRM: 6.0

CMA / ARV

• ARV (on-the-fly): $289,432
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
966 Chatfield Dr	0.52mi	3/2.0	1,466 (-7%)	3mo	$260,000	$177	62
4025 Sherry Ct	0.62mi	3/2.0	1,659 (+6%)	8mo	$212,000	$128	56
976 Chatfield Dr	0.54mi	3/2.5	1,411 (-10%)	3mo	$290,000	$206	54
853 Sage Hill Dr	0.74mi	3/2.5	1,598 (+2%)	12mo	$317,000	$198	50
909 Pineburr Rd	0.64mi	3/2.5	1,673 (+6%)	13mo	$269,900	$161	47
5312 Adrian Rd	0.66mi	3/2.0	1,724 (+10%)	13mo	$339,000	$197	43
3209 Waterford Dr	0.68mi	3/2.0	1,415 (-10%)	16mo	$261,000	$184	38
4033 Sherry Ct	0.57mi	3/2.0	1,420 (-10%)	24mo	$240,000	$169	38

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: 12.0%
• Equity multiple: 1.48×
• Total profit: $24,028
• Equity at exit: $26,839

10-year hold

• IRR: 21.0%
• Equity multiple: 2.77×
• Total profit: $89,346
• Equity at exit: $15,563

Cash invested: $50,400 (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 27282

• Home prices YoY: -21.2%
• Active inventory: 143
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $2,499 medium
• Mortgage (P&I): −$944
• Tax from tax record: −$120 /mo · $1,438/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$525
• Net cashflow: $836

Break-even live

Break-even rent $1,441

Max offer price $180,000

Occupancy floor 62%

Sensitivity live

Price	-10% $938	-5% $887	+0% $836	+5% $785	+10% $734
Rent	-10% $638	-5% $737	+0% $836	+5% $934	+10% $1,033
Rate	-1.0pp $926	-0.5pp $881	base $836	+0.5pp $789	+1.0pp $742

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: $45,000
• Closing costs: $5,400
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3005 Manchester Dr Jamestown, NC	4.0	2.5	2104	$2,400	$1.14	15d	1	0.63mi
405 Amberly Dr Jamestown, NC	3.0	2.0	1200	$1,850	$1.54	24d	1	1.04mi

Listing history 7 events

1. 2026-06-10
   status $180,000 Pending 8 DOM
2. 2026-06-09
   days on market $180,000 Active 8 DOM
3. 2026-06-08
   days on market $180,000 Active 7 DOM
4. 2026-06-07
   days on market $180,000 Active 6 DOM
5. 2026-06-03
   days on market $180,000 Active 2 DOM
6. 2026-06-02
   remarks 455-char remark
7. 2026-06-02
   listed $180,000 Active 1 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: $1,438 · $120/mo
• Projected year-2 tax: $1,476 · $123/mo
• Expected delta: +$38/yr (+$3/mo · 2.6%)

ⓘ 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 5/10 Major 7 d/yr ≥103°F today · 17 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: $29,991
• − Mortgage interest: −$10,083
• − Property taxes: −$1,438
• − Insurance: −$900
• − Repairs & maintenance: −$2,399
• − Management: −$2,399
• − Depreciation: −$5,236
• Taxable income: $7,535
• Est. tax owed @ 24.0%: −$1,808
• After-tax cash flow: $8,219/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: Guilford County Schools
• NCES district ID: 3701920
• Math proficiency: 39% ▲ 1.00%
• Reading proficiency: 45% ▲ 1.00%
• Median HH income: $46,315
• Composite: 35.78/100
• National rank: #4842
• State rank: #99 of 178 in NC

Livability — High Point

• Score: 77/100
• State rank: #31
• US rank: #3084

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Guilford County · 487,190 people
• City population: 102,450
• Metro: Greensboro-High Point, NC
• Population (ZIP): 15,927
• Household income: $91,512
• Rent vs Own: 30.9% rent · 69.1% own
• Severe rent burden: 374.0

Population outlook (Guilford County) Hauer SSP2

• Today (2025): 584,596 people
• By 2030: 616,851 · +5.5%
• By 2040: 678,451 · +16.1%
• By 2050: 734,788 · +25.7%
• By 2075: 862,985 · +47.6%
• By 2100: 948,704 · +62.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (68%)
• Race & ethnicity: White 68% Black 16% Hispanic / Latino 9% Asian 5% Two or more races 4%
• Hispanic origin (detail): Mexican 4% Puerto Rican 1%
• Common ancestry: Slovak 3% Italian 2% Serbian 2%
• Foreign-born: 12% · Canada, South Korea, Jamaica
• Languages at home: 85% English-only · Spanish 6% Other Indo-European 2% Korean 2%

Political lean MEDSL · Guilford

• 2024 margin: Strong D (+21.8) · D 60.2% · R 38.4% · Other 1.4%
• 2008→2024 swing: +3.5pp toward D · 2008: 18.4pp · 2024: 21.8pp
• All cycles: 2024: D+21.8 2020: D+23.1 2016: D+20.0 2012: D+16.5 2008: D+18.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -55.56%
• Current HPI: 206.6685
• Rent YoY: —
• Metro: Greensboro-High Point, 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

+63.6% since first listed

3 events — show timeline

• 2026-06-01 Listed $180,000 Triad MLS
• 2026-04-21 Sold (Public Records) $110,000 Public Records
• 2001-06-07 Sold (Public Records) $110,000 Public Records

Property tax history

+3.2%/yr

Latest (2025): $1,438 · +2.4% YoY. Source: county tax records.