1409 Ridge Ave · Eden, NC 27288

$89,999

3 bd · 1.0 ba · 868 sqft · SingleFamily public records · 52 Days on market

Built 1921 10,454 sqft lot Est $108k · 16% 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 +29.8/30.0
• ARV discount +14.9/15.0
• DSCR +10.0/10.0
• 1% rule +7.3/10.0
• Livability +3.4/5.0
• Schools +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 1409 Ridge Ave—an ideal opportunity for first-time buyers, those looking to downsize, or investors seeking a solid rental property. This home offers low-maintenance living with baseboard heat and two window AC units for year-round comfort. New interior and some exterior paint. Conveniently located with public transportation nearby, it’s less than 2 miles to Purina and under 20 miles to Caesars Virginia. Enjoy an easy commute to Greensboro, Danville, and Martinsville, making this a smart choice for both homeowners and tenants alike. Close to UNC_-Rockingham hospital/medical facilities, restaurants, shopping, gold/swimming, skating, parks, rivers. Eden even has a drive

Key facts

• Close to parks
• Close to restaurants
• Close to shopping

Tags

• LOW MAINTENANCE LIVING
• PUBLIC TRANSPORTATION NEARBY
• CLOSE TO MEDICAL FACILITIES
• CLOSE TO RESTAURANTS
• CLOSE TO SHOPPING
• CLOSE TO PARKS

Property features AI

Finance

• HOA & community: No homeowners association

Exterior

• Parking: Driveway (gravel)
• Utilities: Public water; Public sewer; Electric water heater; Electric heating fuel
• Home design: Residential stick/site-built house; One-level (single story); Built in 1921; Existing structure
• Construction: Vinyl siding and wood siding; Crawl space foundation
• Exterior features: City lot; Lot dimensions approximately 78 x 154 x 77 x 151

Interior

• Kitchen: Kitchen on the main level
• Bedrooms: Bedrooms on the main level (total rooms listed include bedrooms and living spaces)
• Bathrooms: One full bathroom
• Heating & cooling: Baseboard heating (electric); Window air conditioning units
• Interior features: Primary bedroom located on the main level; Attic access only
• Laundry & utility: Washer hookup; Dryer connection; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $90k.

Deal economics

• At list price, monthly cash flow is $330 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $90k).
• Recommended offer: $87k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.7% vs local median 4.3% in Eden — 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 67/100 on livability (#224 in NC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools F, crime D-, amenities F.
• Rockingham County Schools (rural): math 38% / reading 40% proficiency, ranked #120 of 178 in NC (top 67%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 208 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 344 units permitted in Rockingham County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $622 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Rockingham County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $25k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 52 days — a 3% lower offer ($87k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $40k; list at $90k implies a 125% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1921 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $87,299 (3.0% below list)

Questions for the listing agent

1. It's been on market 52 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1921 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is D 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?
6. 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.
7. 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.
8. 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: 1.23% ✓
• Cap rate: 10.70%
• Cash-on-cash: 15.73%
• DSCR: 1.70
• GRM: 6.8

CMA / ARV

• ARV (on-the-fly): $107,632
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
124 S Byrd St	0.22mi	2/1.0 (-1)	816 (-6%)	1mo	$92,000	$113	74
1411 Ridge Ave	0.02mi	2/1.0 (-1)	964 (+11%)	8mo	$89,500	$93	69
406 S Byrd St	0.48mi	2/1.0 (-1)	861 (-1%)	6mo	$120,000	$139	66
1202 Ridge Ave	0.33mi	2/1.0 (-1)	937 (+8%)	1mo	$47,500	$51	66
104 Main St	0.14mi	2/1.0 (-1)	967 (+11%)	5mo	$120,000	$124	65
107 S High St	0.27mi	2/1.0 (-1)	803 (-8%)	6mo	$23,000	$29	64
1233 Front St	0.31mi	2/1.0 (-1)	777 (-10%)	6mo	$120,000	$154	58
501 Overby St	0.71mi	3/1.0	890 (+2%)	6mo	$145,000	$163	58
1322 Delaware Ave	0.27mi	2/1.0 (-1)	980 (+13%)	4mo	$48,000	$49	57
1424 South Ave	0.34mi	2/1.5 (-1)	801 (-8%)	12mo	$155,000	$194	54
311 S Fieldcrest Rd	0.41mi	2/1.0 (-1)	932 (+7%)	12mo	$148,000	$159	53
1137 W Fieldcrest Rd	0.48mi	2/1.0 (-1)	992 (+14%)	10mo	$110,000	$111	40

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: 6.5%
• Equity multiple: 1.26×
• Total profit: $6,427
• Equity at exit: $13,419

10-year hold

• IRR: 15.9%
• Equity multiple: 2.29×
• Total profit: $32,564
• Equity at exit: $7,781

Cash invested: $25,200 (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 27288

• Home prices YoY: -26.5%
• Active inventory: 208
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,106 medium
• Mortgage (P&I): −$472
• Tax from tax record: −$34 /mo · $403/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$232
• Net cashflow: $330

Break-even live

Break-even rent $687

Max offer price $89,999

Occupancy floor 65%

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: $22,500
• Closing costs: $2,700
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1318 Ridge Ave Eden, NC	2.0	2.0	783	$1,100	$1.40	21d	1	0.12mi
1318 Front St Eden, NC	3.0	1.0	1007	$1,000	$0.99	23d	1	0.20mi
1314 Front St Eden, NC	2.0	1.0	1040	$1,100	$1.06	23d	1	0.20mi

Listing history 24 events

1. 2026-06-18
   days on market $89,999 Active 52 DOM
2. 2026-06-17
   days on market $89,999 Active 51 DOM
3. 2026-06-16
   days on market $89,999 Active 50 DOM
4. 2026-06-15
   days on market $89,999 Active 49 DOM
5. 2026-06-14
   days on market $89,999 Active 47 DOM
6. 2026-06-13
   pricedays on market $89,999 Active 46 DOM
7. 2026-06-10
   days on market $99,999 Active 44 DOM
8. 2026-06-09
   days on market $99,999 Active 43 DOM
9. 2026-06-08
   days on market $99,999 Active 42 DOM
10. 2026-06-07
    days on market $99,999 Active 41 DOM
11. 2026-06-03
    days on market $99,999 Active 37 DOM
12. 2026-06-02
    days on market $99,999 Active 36 DOM
13. 2026-06-01
    days on market $99,999 Active 35 DOM
14. 2026-05-31
    days on market $99,999 Active 34 DOM
15. 2026-05-31
    days on market $99,999 Active 33 DOM
16. 2026-04-27
    listed $120,000 Active
17. 2026-01-02
    price $79,900
18. 2025-08-26
    price $85,000
19. 2025-06-24
    price $99,900
20. 2025-05-29
    price $105,000
21. 2017-02-01
    soldstatus $40,000
22. 2009-04-29
    soldstatus $22,750
23. 2006-04-13
    soldstatus $39,000
24. 2002-06-10
    soldstatus $17,000

ⓘ 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: $403 · $34/mo
• Projected year-2 tax: $738 · $61/mo
• Expected delta: +$335/yr (+$28/mo · 83.0%)

ⓘ 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 6/10 Major 7 d/yr ≥104°F today · 18 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 7% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,268
• − Mortgage interest: −$5,041
• − Property taxes: −$403
• − Insurance: −$450
• − Repairs & maintenance: −$1,061
• − Management: −$1,061
• − Depreciation: −$2,618
• Taxable income: $2,632
• Est. tax owed @ 24.0%: −$632
• After-tax cash flow: $3,333/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: Rockingham County Schools
• NCES district ID: 3703990
• Math proficiency: 38% ▼ -2.00%
• Reading proficiency: 40% ▲ 1.00%
• Median HH income: $38,914
• Composite: 32.6/100
• National rank: #5673
• State rank: #120 of 178 in NC

Livability — Eden

• Score: 67/100
• State rank: #224
• US rank: #10535

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Eden, NC
• County: Rockingham County · 22,926 people
• City population: 22,926
• Metro: Greensboro-High Point, NC
• Population (ZIP): 22,926
• Household income: $52,594
• Rent vs Own: 37.8% rent · 62.2% own
• Severe rent burden: 860.0

Population outlook (Rockingham County) Hauer SSP2

• Today (2025): 87,103 people
• By 2030: 83,763 · -3.8%
• By 2040: 76,082 · -12.7%
• By 2050: 68,106 · -21.8%
• By 2075: 52,531 · -39.7%
• By 2100: 39,871 · -54.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (67%)
• Race & ethnicity: White 67% Black 23% Hispanic / Latino 6% Two or more races 5% Native American 1%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Serbian 2% Slovak 2% Lithuanian 1%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 5% German/W. Germanic 1%

Political lean MEDSL · Rockingham

• 2024 margin: Solid R (+35.9) · D 31.7% · R 67.6%
• 2008→2024 swing: -19.9pp toward R · 2008: -16.0pp · 2024: -35.9pp
• All cycles: 2024: R+35.9 2020: R+32.0 2016: R+30.0 2012: R+21.3 2008: R+16.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -66.28%
• Current HPI: 183.5709
• 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

+605.9% since first listed

9 events — show timeline

• 2026-04-27 Listed $120,000 Triad MLS
• 2026-01-02 Price Changed $79,900 Triad MLS
• 2025-08-26 Price Changed $85,000 Triad MLS
• 2025-06-24 Price Changed $99,900 Triad MLS
• 2025-05-29 Price Changed $105,000 Triad MLS
• 2017-02-01 Sold (Public Records) $40,000 Public Records
• 2009-04-29 Sold (Public Records) $22,750 Public Records
• 2006-04-13 Sold (Public Records) $39,000 Public Records
• 2002-06-10 Sold (Public Records) $17,000 Public Records

Property tax history

+1.4%/yr

Latest (2025): $403 · +0.0% YoY. Source: county tax records.