22485 Nc 125 · Williamston, NC 27892

$139,900

4 bd · 3.0 ba · 2,608 sqft · SingleFamily public records · 355 Days on market

Built 1945 0.36 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 +16.7/30.0
• Appreciation +7.6/10.0
• ARV discount +7.5/15.0
• DSCR +5.2/10.0
• 1% rule +4.1/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0

Listing remarks MLS

Handyman's Dream Duplex with Huge Potential! Opportunity knocks with this versatile duplex packed with possibilities! Featuring five total bedrooms, two full bathrooms, and two large kitchens, this property offers a flexible layout ideal for investors, multi-generational living, or an owner-occupant looking to build instant equity. The home sits on a nice, shady yard, perfect for relaxing, gardening, or future outdoor enhancements. While it does need some TLC, the solid footprint and generous space make it a true handyman's dream. Renovate, update, and unlock the full potential--whether that's restoring it as an income-producing duplex or converting it into a spacious single-family home. If you're looking for a project with upside, character, and room to grow, this is one you won't want to miss. Bring your vision and make this property shine!

Key facts

• Large eat-in kitchen
• Income potential
• Formal dining room

Tags

• INCOME POTENTIAL
• LARGE EAT-IN KITCHEN
• FORMAL DINING ROOM
• COMFORTABLE LIVING ROOM
• CONVENIENT LAUNDRY ROOM
• WELCOMING ENTRY HALLWAY

Property features AI

Finance

• HOA & community: No homeowners association

Exterior

• Parking: Unpaved parking; 2 open parking spaces (4 total parking spaces)
• Utilities: Public water; Septic tank; Cable available and connected; Water connected
• Home design: Site-built house; One level; Residential zoning
• Construction: Vinyl siding; Block foundation; Shingle roof; Built as a site-built house
• Exterior features: Outbuilding; State road frontage; Paved public road access

Interior

• Kitchen: Electric oven; Refrigerator
• Bedrooms: 5 bedrooms total; 4 bedrooms on the main level
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Forced air; Heat pump; Central air
• Interior features: Ceiling fans; Eat-in kitchen; Entrance foyer; High ceilings; Insulated windows
• Laundry & utility: Main-level laundry room; Electric water heater

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $88 ($1k/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 $128k (8.5% below list).
• Recommended offer: $123k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.0% vs local median 4.6% in Williamston — 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 58/100 on livability (#584 in NC) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, health & safety A+, housing B+; Watch: schools D-, crime F, amenities F.
• Martin County Schools (rural): math 24% / reading 34% proficiency, ranked #150 of 178 in NC (top 84%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 62% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 72 active listings in the ZIP.

Forward outlook

• In year one you build about $8k of equity ($967 loan paydown + $7k appreciation (5.1% local appreciation)).
• Martin County population projected at -33% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (5.1% appreciation + 3.0% rent growth), your $39k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 355 days — a 12% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 8y ago; this cycle's ask has dropped $35k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $120k; 17% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1945 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 80% 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 $123,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 355 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 1945 — 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. 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: 0.91% ✗
• Cap rate: 7.05%
• Cash-on-cash: 2.69%
• DSCR: 1.12
• GRM: 9.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

5.13% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 15.5%
• Equity multiple: 1.99×
• Total profit: $38,834
• Equity at exit: $80,344

10-year hold

• IRR: 15.9%
• Equity multiple: 3.86×
• Total profit: $112,108
• Equity at exit: $139,551

Cash invested: $39,172 (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 27892

• Home prices YoY: 3.0%
• Active inventory: 72
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $1,280 medium
• Mortgage (P&I): −$734
• Tax from tax record: −$131 /mo · $1,574/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$269
• Net cashflow: $88

Break-even live

Break-even rent $1,169

Max offer price $139,900

Occupancy floor 88%

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Listing history 30 events

1. 2026-06-19
   days on market $139,900 Active 355 DOM
2. 2026-06-18
   days on market $139,900 Active 354 DOM
3. 2026-06-17
   days on market $139,900 Active 353 DOM
4. 2026-06-16
   days on market $139,900 Active 352 DOM
5. 2026-06-15
   days on market $139,900 Active 351 DOM
6. 2026-06-14
   pricedays on market $139,900 Active 349 DOM
7. 2026-06-12
   days on market $145,000 Active 348 DOM
8. 2026-06-09
   days on market $145,000 Active 345 DOM
9. 2026-06-08
   days on market $145,000 Active 344 DOM
10. 2026-06-07
    days on market $145,000 Active 343 DOM
11. 2026-06-03
    days on market $145,000 Active 339 DOM
12. 2026-06-02
    days on market $145,000 Active 338 DOM
13. 2026-06-01
    days on market $145,000 Active 337 DOM
14. 2026-05-31
    days on market $145,000 Active 336 DOM
15. 2026-05-30
    days on market $145,000 Active 335 DOM
16. 2026-05-03
    price $145,000 857-char remark

    Show marketing remark (857 chars)

    Handyman's Dream Duplex with Huge Potential! Opportunity knocks with this versatile duplex packed with possibilities! Featuring five total bedrooms, two full bathrooms, and two large kitchens, this property offers a flexible layout ideal for investors, multi-generational living, or an owner-occupant looking to build instant equity. The home sits on a nice, shady yard, perfect for relaxing, gardening, or future outdoor enhancements. While it does need some TLC, the solid footprint and generous space make it a true handyman's dream. Renovate, update, and unlock the full potential--whether that's restoring it as an income-producing duplex or converting it into a spacious single-family home. If you're looking for a project with upside, character, and room to grow, this is one you won't want to miss. Bring your vision and make this property shine!

17. 2026-05-02
    price $145,000
18. 2026-02-03
    price $149,000 857-char remark

    Show marketing remark (857 chars)

    Handyman's Dream Duplex with Huge Potential! Opportunity knocks with this versatile duplex packed with possibilities! Featuring five total bedrooms, two full bathrooms, and two large kitchens, this property offers a flexible layout ideal for investors, multi-generational living, or an owner-occupant looking to build instant equity. The home sits on a nice, shady yard, perfect for relaxing, gardening, or future outdoor enhancements. While it does need some TLC, the solid footprint and generous space make it a true handyman's dream. Renovate, update, and unlock the full potential--whether that's restoring it as an income-producing duplex or converting it into a spacious single-family home. If you're looking for a project with upside, character, and room to grow, this is one you won't want to miss. Bring your vision and make this property shine!

19. 2025-12-13
    price $155,000
20. 2025-12-12
    price $155,000 857-char remark

    Show marketing remark (857 chars)

    Handyman's Dream Duplex with Huge Potential! Opportunity knocks with this versatile duplex packed with possibilities! Featuring five total bedrooms, two full bathrooms, and two large kitchens, this property offers a flexible layout ideal for investors, multi-generational living, or an owner-occupant looking to build instant equity. The home sits on a nice, shady yard, perfect for relaxing, gardening, or future outdoor enhancements. While it does need some TLC, the solid footprint and generous space make it a true handyman's dream. Renovate, update, and unlock the full potential--whether that's restoring it as an income-producing duplex or converting it into a spacious single-family home. If you're looking for a project with upside, character, and room to grow, this is one you won't want to miss. Bring your vision and make this property shine!

21. 2025-10-30
    price $165,000

    Show marketing remark (857 chars)

    Handyman's Dream Duplex with Huge Potential! Opportunity knocks with this versatile duplex packed with possibilities! Featuring five total bedrooms, two full bathrooms, and two large kitchens, this property offers a flexible layout ideal for investors, multi-generational living, or an owner-occupant looking to build instant equity. The home sits on a nice, shady yard, perfect for relaxing, gardening, or future outdoor enhancements. While it does need some TLC, the solid footprint and generous space make it a true handyman's dream. Renovate, update, and unlock the full potential--whether that's restoring it as an income-producing duplex or converting it into a spacious single-family home. If you're looking for a project with upside, character, and room to grow, this is one you won't want to miss. Bring your vision and make this property shine!

22. 2025-10-30
    price $165,000 857-char remark

    Show marketing remark (857 chars)

    Handyman's Dream Duplex with Huge Potential! Opportunity knocks with this versatile duplex packed with possibilities! Featuring five total bedrooms, two full bathrooms, and two large kitchens, this property offers a flexible layout ideal for investors, multi-generational living, or an owner-occupant looking to build instant equity. The home sits on a nice, shady yard, perfect for relaxing, gardening, or future outdoor enhancements. While it does need some TLC, the solid footprint and generous space make it a true handyman's dream. Renovate, update, and unlock the full potential--whether that's restoring it as an income-producing duplex or converting it into a spacious single-family home. If you're looking for a project with upside, character, and room to grow, this is one you won't want to miss. Bring your vision and make this property shine!

23. 2025-09-11
    price $169,900
24. 2025-09-09
    price $169,900 857-char remark

    Show marketing remark (857 chars)

    Handyman's Dream Duplex with Huge Potential! Opportunity knocks with this versatile duplex packed with possibilities! Featuring five total bedrooms, two full bathrooms, and two large kitchens, this property offers a flexible layout ideal for investors, multi-generational living, or an owner-occupant looking to build instant equity. The home sits on a nice, shady yard, perfect for relaxing, gardening, or future outdoor enhancements. While it does need some TLC, the solid footprint and generous space make it a true handyman's dream. Renovate, update, and unlock the full potential--whether that's restoring it as an income-producing duplex or converting it into a spacious single-family home. If you're looking for a project with upside, character, and room to grow, this is one you won't want to miss. Bring your vision and make this property shine!

25. 2025-08-12
    listed $175,000 Active 857-char remark

    Show marketing remark (857 chars)

    Handyman's Dream Duplex with Huge Potential! Opportunity knocks with this versatile duplex packed with possibilities! Featuring five total bedrooms, two full bathrooms, and two large kitchens, this property offers a flexible layout ideal for investors, multi-generational living, or an owner-occupant looking to build instant equity. The home sits on a nice, shady yard, perfect for relaxing, gardening, or future outdoor enhancements. While it does need some TLC, the solid footprint and generous space make it a true handyman's dream. Renovate, update, and unlock the full potential--whether that's restoring it as an income-producing duplex or converting it into a spacious single-family home. If you're looking for a project with upside, character, and room to grow, this is one you won't want to miss. Bring your vision and make this property shine!

26. 2025-06-20
    listed $175,000 Active
27. 2022-02-17
    soldstatus $120,000
28. 2019-04-18
    soldstatus $32,000 297-char remark

    Show marketing remark (297 chars)

    Perfect duplex for a large family. Live on one side and in-laws on the other. Side A features 3 bedrooms, large bathroom, cozy living room, huge dining area for all the family to eat. Side B feature open living room, 2 bedrooms 1 bathroom and a open kitchen/dining combo. This home is a must see!!

29. 2018-10-11
    listed $39,900 297-char remark

    Show marketing remark (297 chars)

    Perfect duplex for a large family. Live on one side and in-laws on the other. Side A features 3 bedrooms, large bathroom, cozy living room, huge dining area for all the family to eat. Side B feature open living room, 2 bedrooms 1 bathroom and a open kitchen/dining combo. This home is a must see!!

30. 2007-06-20
    soldstatus $16,500

ⓘ 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: $1,574 · $131/mo
• Projected year-2 tax: $1,574 · $131/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 ≥107°F today · 16 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,357
• − Mortgage interest: −$7,837
• − Property taxes: −$1,574
• − Insurance: −$700
• − Repairs & maintenance: −$1,229
• − Management: −$1,229
• − Depreciation: −$4,070
• Taxable loss: −$1,280
• Est. tax savings @ 24.0%: +$307
• After-tax cash flow: $1,362/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: Martin County Schools
• NCES district ID: 3702880
• Math proficiency: 24% ▼ -2.00%
• Reading proficiency: 34% ▲ 1.00%
• Median HH income: $35,403
• Composite: 23.94/100
• National rank: #7781
• State rank: #150 of 178 in NC

Livability — Williamston

• Score: 58/100
• State rank: #584
• US rank: #21504

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 13,387

Population outlook (Martin County) Hauer SSP2

• Today (2025): 21,018 people
• By 2030: 19,693 · -6.3%
• By 2040: 16,793 · -20.1%
• By 2050: 14,171 · -32.6%
• By 2075: 9,804 · -53.4%
• By 2100: 6,894 · -67.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 53% Black 38% Two or more races 5% Hispanic / Latino 5%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Slovak 2% Serbian 1% Iranian 1%
• Foreign-born: 2% · Canada, China
• Languages at home: 94% English-only · Spanish 5% Chinese 1%

Political lean MEDSL · Martin

• 2024 margin: R (+10.3) · D 44.6% · R 54.9%
• 2008→2024 swing: -15.0pp toward R · 2008: 4.6pp · 2024: -10.3pp
• All cycles: 2024: R+10.3 2020: R+5.0 2016: R+0.5 2012: D+4.4 2008: D+4.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 5.13%
• Current HPI: 178.4817
• 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

+778.8% since first listed

15 events — show timeline

• 2026-05-03 Price Changed $145,000 Hive MLS
• 2026-05-02 Price Changed $145,000 TMLS
• 2026-02-03 Price Changed $149,000 Hive MLS
• 2025-12-13 Price Changed $155,000 TMLS
• 2025-12-12 Price Changed $155,000 Hive MLS
• 2025-10-30 Price Changed $165,000 TMLS
• 2025-10-30 Price Changed $165,000 Hive MLS
• 2025-09-11 Price Changed $169,900 TMLS
• 2025-09-09 Price Changed $169,900 Hive MLS
• 2025-08-12 Listed $175,000 Hive MLS
• 2025-06-20 Listed $175,000 TMLS
• 2022-02-17 Sold (Public Records) $120,000 Public Records
• 2019-04-18 Sold (MLS) $32,000 Hive MLS
• 2018-10-11 Listed $39,900 Hive MLS
• 2007-06-20 Sold (Public Records) $16,500 Public Records

Property tax history

+3.3%/yr

Latest (2025): $1,574 · +54.6% YoY. Source: county tax records.