3843 S Nc Highway 150 · Tyro, NC 27295

$163,900

2 bd · 1.0 ba · 896 sqft · SingleFamily public records · 274 Days on market

Built 1942 0.47 ac lot ↓ 53% since listing

---

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 +14.9/30.0
• ARV discount +7.5/15.0
• DSCR +4.6/10.0
• Schools +4.3/10.0
• Livability +3.6/5.0
• Rent growth +3.3/5.0
• 1% rule +3.0/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Seller offering $5000. in concessions /w acceptable offer! Cute and cozy cottage in the Heart of Tyro. 2 bedrooms, 1 bath, nice kitchen, dining and laundry room. Front porch has ramp for easy access. Circle drive and storage shed. Just minutes to downtown Tyro, schools, restaurants and shopping! Great starter home or investment property. Fresh paint and new blinds

Key facts

• Front porch ramp
• Circle drive
• Minutes to downtown

Tags

• FRONT PORCH RAMP
• CIRCLE DRIVE
• STORAGE SHED
• MINUTES TO DOWNTOWN

Property features AI

Finance

• Other: Property listed with Winston-Salem association area
• HOA & community: No homeowners association

Exterior

• Parking: Driveway with circular drive; No garage
• Security: Deadbolt locks
• Utilities: Public water; Septic tank sewer; Electric hot water heater; Electric power
• Home design: Residential stick/site-built house; One-story; Built in 1942; Existing structure
• Construction: Vinyl siding; Crawl space foundation
• Exterior features: Cleared, rolling lot; No fencing; Storage structure on property; Accessible approach with ramp

Interior

• Kitchen: Free-standing range; Pantry
• Bedrooms: Multiple bedrooms on the main level
• Flooring: Laminate; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Heat pump for heating and cooling; Electric heating
• Interior features: Ceiling fans; Deadbolt locks; Pantry; Insulated doors and windows; Primary bedroom on main level
• Laundry & utility: Washer hookup on main level; Dryer connection; Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $164k.

Deal economics

• At list price, monthly cash flow is $49 ($592/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 $131k (20.2% below list).
• Recommended offer: $131k (20.2% below list) — sets the bar for 1% rule.
• Cap rate 6.7% vs local median 2.1% in Tyro — 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 71/100 on livability (#114 in NC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A; Watch: employment D+, amenities F, commute F.
• Davidson County Schools (rural): math 50% / reading 50% proficiency, ranked #62 of 178 in NC (top 35%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Tyro Middle (math 34% / reading 44%, grade F, #238 of 475 statewide, top 51%, 561 students, 58% FRL); West Davidson High (math 57% / reading 52%, grade C-, #270 of 535 statewide, top 52%, 725 students, 50% FRL) — zoned schools average 54% FRL vs 39% district-wide (15 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+3.4%/yr); 362 active listings in the ZIP; 990 units permitted in Davidson County in 2024 (54 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.
• Davidson County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 274 days — a 12% lower offer ($144k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $40k; list at $164k implies a 310% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1942 — expect roof / HVAC / electrical / plumbing capex.
• 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 $130,777 (20.2% below list)

Questions for the listing agent

1. It's been on market 274 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
2. Built in 1942 — 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 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?
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: 0.80% ✗
• Cap rate: 6.65%
• Cash-on-cash: 1.29%
• DSCR: 1.06
• GRM: 10.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.37% rent growth · sell at horizon

5-year hold

• IRR: -13.9%
• Equity multiple: 0.50×
• Total profit: $-23,000
• Equity at exit: $24,438

10-year hold

• IRR: -4.7%
• Equity multiple: 0.69×
• Total profit: $-14,254
• Equity at exit: $14,171

Cash invested: $45,892 (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 27295

• Home prices YoY: -15.2%
• Rents YoY: 3.4%
• Active inventory: 362
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $1,308 medium
• Mortgage (P&I): −$860
• Tax from tax record: −$56 /mo · $672/yr
• Insurance: −$68
• HOA: −$0
• Vacancy / Maint / Mgmt: −$275
• Net cashflow: $49

Break-even live

Break-even rent $1,245

Max offer price $163,900

Occupancy floor 91%

Sensitivity live

Price	-10% $142	-5% $96	+0% $49	+5% $3	+10% $-43
Rent	-10% $-54	-5% $-2	+0% $49	+5% $101	+10% $153
Rate	-1.0pp $132	-0.5pp $91	base $49	+0.5pp $7	+1.0pp $-36

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: $40,975
• Closing costs: $4,917
• Reserves months: —
• Total cash needed: —

Listing history 29 events

1. 2026-06-21
   statusdays on market $163,900 Pending 274 DOM
2. 2026-06-18
   days on market $163,900 Due Diligence Period 273 DOM
3. 2026-06-17
   days on market $163,900 Due Diligence Period 272 DOM
4. 2026-06-16
   days on market $163,900 Due Diligence Period 271 DOM
5. 2026-06-15
   days on market $163,900 Due Diligence Period 270 DOM
6. 2026-06-14
   days on market $163,900 Due Diligence Period 268 DOM
7. 2026-06-13
   days on market $163,900 Due Diligence Period 267 DOM
8. 2026-06-10
   days on market $163,900 Due Diligence Period 265 DOM
9. 2026-06-09
   days on market $163,900 Due Diligence Period 264 DOM
10. 2026-06-08
    days on market $163,900 Due Diligence Period 263 DOM
11. 2026-06-07
    days on market $163,900 Due Diligence Period 262 DOM
12. 2026-06-05
    days on market $163,900 Due Diligence Period 259 DOM
13. 2026-06-03
    days on market $163,900 Due Diligence Period 258 DOM
14. 2026-06-02
    days on market $163,900 Due Diligence Period 257 DOM
15. 2026-06-01
    days on market $163,900 Due Diligence Period 256 DOM
16. 2026-05-31
    days on market $163,900 Due Diligence Period 255 DOM
17. 2026-05-31
    days on market $163,900 Due Diligence Period 254 DOM
18. 2026-04-30
    price $163,900
19. 2026-04-23
    price $165,000
20. 2026-04-16
    price $169,900
21. 2026-04-08
    price $175,000
22. 2026-03-20
    price $185,000
23. 2025-11-10
    price $179,900
24. 2025-10-23
    price $189,900
25. 2025-09-18
    listed $199,900 Active
26. 2021-11-08
    soldstatus $40,000
27. 2021-11-08
    soldstatus $15,000
28. 2021-07-02
    soldstatus $1,400,000
29. 2017-09-01
    soldstatus $350,000

ⓘ 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: $672 · $56/mo
• Projected year-2 tax: $1,344 · $112/mo
• Expected delta: +$672/yr (+$56/mo · 100.0%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥104°F today · 16 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 12% 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: $15,693
• − Mortgage interest: −$9,181
• − Property taxes: −$672
• − Insurance: −$820
• − Repairs & maintenance: −$1,255
• − Management: −$1,255
• − Depreciation: −$4,768
• Taxable loss: −$2,258
• Est. tax savings @ 24.0%: +$542
• After-tax cash flow: $1,134/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: Davidson County Schools
• NCES district ID: 3701140
• Math proficiency: 50% ▲ 2.00%
• Reading proficiency: 50% ▲ 2.00%
• Median HH income: $49,696
• Composite: 42.76/100
• National rank: #3157
• State rank: #62 of 178 in NC

Livability — Tyro

• Score: 71/100
• State rank: #114
• US rank: #7079

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Tyro, NC
• County: Davidson County · 129,088 people
• Metro: Winston-Salem, NC
• Population (ZIP): 39,267
• Household income: $63,961
• Rent vs Own: 24.5% rent · 75.5% own
• Severe rent burden: 733.0

Population outlook (Davidson County) Hauer SSP2

• Today (2025): 167,156 people
• By 2030: 167,216 · +0.0%
• By 2040: 164,524 · -1.6%
• By 2050: 157,229 · -5.9%
• By 2075: 138,084 · -17.4%
• By 2100: 112,729 · -32.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Hispanic / Latino 6% Black 6% Two or more races 4% Asian 3%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Serbian 2% Slovak 2% Italian 2%
• Foreign-born: 5% · Canada, Jamaica
• Languages at home: 93% English-only · Spanish 5% Other Asian/Pacific 1%

Political lean MEDSL · Davidson

• 2024 margin: Solid R (+47.1) · D 25.9% · R 73.0% · Other 1.1%
• 2008→2024 swing: -13.5pp toward R · 2008: -33.5pp · 2024: -47.1pp
• All cycles: 2024: R+47.1 2020: R+47.5 2016: R+49.4 2012: R+40.9 2008: R+33.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -46.39%
• Current HPI: 258.6557
• Rent YoY: ▲ 3.37%
• Metro: Winston-Salem, 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

-53.2% since first listed

12 events — show timeline

• 2026-04-30 Price Changed $163,900 Triad MLS
• 2026-04-23 Price Changed $165,000 Triad MLS
• 2026-04-16 Price Changed $169,900 Triad MLS
• 2026-04-08 Price Changed $175,000 Triad MLS
• 2026-03-20 Price Changed $185,000 Triad MLS
• 2025-11-10 Price Changed $179,900 Triad MLS
• 2025-10-23 Price Changed $189,900 Triad MLS
• 2025-09-18 Listed $199,900 Triad MLS
• 2021-11-08 Sold (Public Records) $15,000 Public Records
• 2021-11-08 Sold (Public Records) $40,000 Public Records
• 2021-07-02 Sold (Public Records) $1,400,000 Public Records
• 2017-09-01 Sold (Public Records) $350,000 Public Records

Property tax history

-21.4%/yr

Latest (2025): $672 · +0.0% YoY. Source: county tax records.