10248 Nc 43 Hwy N · Rocky Mount, NC 27801

$139,900

2 bd · 1.0 ba · 742 sqft · SingleFamily · 74 Days on market

Built 1988 1.54 ac lot Est $145k · at est.

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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 +16.2/30.0
• ARV discount +9.2/15.0
• DSCR +5.0/10.0
• 1% rule +3.5/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Lovely renovated home inside and outside on a spacious corner lot nestled in the pines of rural Edgecombe County. This home is conveniently located with quick access to Rocky Mount, Pinetops, Tarboro, Wilson, and Greenville just up the road. Perfect for a starter home, small family, or an empty nester. All upgrades and updates were completed in 2025 and 2026 including new shingles, HVAC and ductwork, Windows, siding, doors, flooring, Septic tank replacement/maintenance, and paint. Other interior upgrades include new granite countertops, combo oven with microwave over, stainless kitchen sink, bathroom vanity, shower surround, plumbing fixtrures, light fixtures, ceramic tile in bathroom, and living room ceiling fan. All work permitted, inspected, and performed by qualified technicians. This is a custom stick built home on a frame. Edgecombe County does not have inspection records dating back past 1999. Recent FHA appraisal labeled the home ''manufactured'' and due to no HUD information being available because it is a stick built home on a frame, terms are cash and conventional. Home inspection report with details of repairs made available, too large to attach.

Key facts

• Renovated home
• Spacious corner lot
• New shingles

Tags

• RENOVATED HOME
• SPACIOUS CORNER LOT
• NEW SHINGLES
• HVAC AND DUCTWORK
• NEW GRANITE COUNTERTOPS
• STAINLESS KITCHEN SINK

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $74 ($883/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 $118k (15.5% below list).
• Recommended offer: $118k (15.5% below list) — sets the bar for 1% rule.
• Cap rate 6.9% vs local median 4.5% in Rocky Mount — 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 70/100 on livability (#134 in NC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, amenities F, employment F.
• Edgecombe County Public Schools (rural): math 21% / reading 27% proficiency, ranked #163 of 178 in NC (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 74% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: G W Bulluck Elementary (math 19% / reading 27%, grade F, #1,168 of 1,410 statewide, top 83%, 609 students, 100% FRL); West Edgecombe Middle (math 22% / reading 30%, grade F, #385 of 475 statewide, top 81%, 314 students, 99% FRL); Southwest Edgecombe High (math 42% / reading 37%, grade F, #393 of 535 statewide, top 75%, 802 students, 100% FRL) — zoned schools average 99% FRL vs 74% district-wide (26 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 134 active listings in the ZIP; lower-income renter base — watch delinquency; 50 units permitted in Edgecombe County in 2024 (5 in 5+ unit buildings).
• This rent runs 32% of the median local income ($45k/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 $967 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Edgecombe County population projected at -34% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 74 days — a 6% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $68k; list at $140k implies a 106% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 78% 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 $118,268 (15.5% below list)

Questions for the listing agent

1. It's been on market 74 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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 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?
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: 0.85% ✗
• Cap rate: 6.92%
• Cash-on-cash: 2.26%
• DSCR: 1.10
• GRM: 9.9

CMA / ARV

• ARV (on-the-fly): $145,432
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
10248 Nc 43 Hwy N	0.00mi	2/1.0	742 (0%)	0mo	$145,500	$196	100

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: -12.8%
• Equity multiple: 0.54×
• Total profit: $-18,029
• Equity at exit: $20,860

10-year hold

• IRR: -3.8%
• Equity multiple: 0.75×
• Total profit: $-9,854
• Equity at exit: $12,096

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 27801

• Home prices YoY: -5.6%
• Active inventory: 134
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $1,183 medium
• Mortgage (P&I): −$734
• Tax from tax record: −$69 /mo · $825/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$248
• Net cashflow: $74

Break-even live

Break-even rent $1,089

Max offer price $139,900

Occupancy floor 89%

Sensitivity live

Price	-10% $153	-5% $113	+0% $74	+5% $34	+10% $-6
Rent	-10% $-20	-5% $27	+0% $74	+5% $120	+10% $167
Rate	-1.0pp $144	-0.5pp $109	base $74	+0.5pp $37	+1.0pp $0

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 35 events

1. 2026-04-28
   status Pending
2. 2026-04-27
   status Pending 1176-char remark

   Show marketing remark (1176 chars)

   Lovely renovated home inside and outside on a spacious corner lot nestled in the pines of rural Edgecombe County. This home is conveniently located with quick access to Rocky Mount, Pinetops, Tarboro, Wilson, and Greenville just up the road. Perfect for a starter home, small family, or an empty nester. All upgrades and updates were completed in 2025 and 2026 including new shingles, HVAC and ductwork, Windows, siding, doors, flooring, Septic tank replacement/maintenance, and paint. Other interior upgrades include new granite countertops, combo oven with microwave over, stainless kitchen sink, bathroom vanity, shower surround, plumbing fixtrures, light fixtures, ceramic tile in bathroom, and living room ceiling fan. All work permitted, inspected, and performed by qualified technicians. This is a custom stick built home on a frame. Edgecombe County does not have inspection records dating back past 1999. Recent FHA appraisal labeled the home ''manufactured'' and due to no HUD information being available because it is a stick built home on a frame, terms are cash and conventional. Home inspection report with details of repairs made available, too large to attach.

3. 2026-04-14
   price $139,900
4. 2026-04-02
   price $139,900 1176-char remark

   Show marketing remark (1176 chars)

   Lovely renovated home inside and outside on a spacious corner lot nestled in the pines of rural Edgecombe County. This home is conveniently located with quick access to Rocky Mount, Pinetops, Tarboro, Wilson, and Greenville just up the road. Perfect for a starter home, small family, or an empty nester. All upgrades and updates were completed in 2025 and 2026 including new shingles, HVAC and ductwork, Windows, siding, doors, flooring, Septic tank replacement/maintenance, and paint. Other interior upgrades include new granite countertops, combo oven with microwave over, stainless kitchen sink, bathroom vanity, shower surround, plumbing fixtrures, light fixtures, ceramic tile in bathroom, and living room ceiling fan. All work permitted, inspected, and performed by qualified technicians. This is a custom stick built home on a frame. Edgecombe County does not have inspection records dating back past 1999. Recent FHA appraisal labeled the home ''manufactured'' and due to no HUD information being available because it is a stick built home on a frame, terms are cash and conventional. Home inspection report with details of repairs made available, too large to attach.

5. 2026-02-13
   listed $144,900 Active

   Show marketing remark (1176 chars)

   Lovely renovated home inside and outside on a spacious corner lot nestled in the pines of rural Edgecombe County. This home is conveniently located with quick access to Rocky Mount, Pinetops, Tarboro, Wilson, and Greenville just up the road. Perfect for a starter home, small family, or an empty nester. All upgrades and updates were completed in 2025 and 2026 including new shingles, HVAC and ductwork, Windows, siding, doors, flooring, Septic tank replacement/maintenance, and paint. Other interior upgrades include new granite countertops, combo oven with microwave over, stainless kitchen sink, bathroom vanity, shower surround, plumbing fixtrures, light fixtures, ceramic tile in bathroom, and living room ceiling fan. All work permitted, inspected, and performed by qualified technicians. This is a custom stick built home on a frame. Edgecombe County does not have inspection records dating back past 1999. Recent FHA appraisal labeled the home ''manufactured'' and due to no HUD information being available because it is a stick built home on a frame, terms are cash and conventional. Home inspection report with details of repairs made available, too large to attach.

6. 2026-02-13
   listed $144,900 Active 1176-char remark

   Show marketing remark (1176 chars)

   Lovely renovated home inside and outside on a spacious corner lot nestled in the pines of rural Edgecombe County. This home is conveniently located with quick access to Rocky Mount, Pinetops, Tarboro, Wilson, and Greenville just up the road. Perfect for a starter home, small family, or an empty nester. All upgrades and updates were completed in 2025 and 2026 including new shingles, HVAC and ductwork, Windows, siding, doors, flooring, Septic tank replacement/maintenance, and paint. Other interior upgrades include new granite countertops, combo oven with microwave over, stainless kitchen sink, bathroom vanity, shower surround, plumbing fixtrures, light fixtures, ceramic tile in bathroom, and living room ceiling fan. All work permitted, inspected, and performed by qualified technicians. This is a custom stick built home on a frame. Edgecombe County does not have inspection records dating back past 1999. Recent FHA appraisal labeled the home ''manufactured'' and due to no HUD information being available because it is a stick built home on a frame, terms are cash and conventional. Home inspection report with details of repairs made available, too large to attach.

7. 2025-12-07
   status Active
8. 2025-12-07
   status Active
9. 2025-10-30
   status Pending
10. 2025-10-30
    historical
11. 2025-10-30
    status Pending
12. 2025-10-30
    historical
13. 2025-10-14
    price $139,900
14. 2025-10-14
    price $139,900
15. 2025-09-16
    price $144,900
16. 2025-09-16
    price $144,900
17. 2025-09-03
    price $149,900
18. 2025-09-03
    price $149,900
19. 2025-08-21
    price $156,000
20. 2025-08-21
    price $156,000
21. 2025-08-04
    price $157,000
22. 2025-08-04
    price $157,000
23. 2025-07-28
    price $159,900
24. 2025-07-28
    price $159,900
25. 2025-07-01
    listed $169,900 Active
26. 2025-07-01
    listed $169,900 Active
27. 2025-06-27
    historical
28. 2025-06-27
    historical
29. 2025-03-10
    soldstatus $68,000 Closed
30. 2025-03-10
    soldstatus $68,000 Sold
31. 2025-03-10
    soldstatus $68,000
32. 2025-02-16
    status Pending
33. 2025-02-16
    status Pending
34. 2025-02-12
    listed $80,000 Active
35. 2025-02-10
    listed $80,000 Active

ⓘ 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: $825 · $69/mo
• Projected year-2 tax: $1,147 · $96/mo
• Expected delta: +$322/yr (+$27/mo · 39.0%)

ⓘ 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 7/10 Severe 7 d/yr ≥107°F today · 16 d/yr by 30 yrs out
• 💨 Wind 7/10 Severe 78% 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: $14,192
• − Mortgage interest: −$7,837
• − Property taxes: −$825
• − Insurance: −$700
• − Repairs & maintenance: −$1,135
• − Management: −$1,135
• − Depreciation: −$4,070
• Taxable loss: −$1,510
• Est. tax savings @ 24.0%: +$362
• After-tax cash flow: $1,246/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: Edgecombe County Public Schools
• NCES district ID: 3701320
• Math proficiency: 21% ▼ -2.00%
• Reading proficiency: 27% ▲ 2.00%
• Median HH income: $35,711
• Composite: 19.85/100
• National rank: #8696
• State rank: #163 of 178 in NC

Livability — Rocky Mount

• Score: 70/100
• State rank: #134
• US rank: #7692

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Edgecombe County · 37,913 people
• City population: 70,300
• Metro: Rocky Mount, NC
• Population (ZIP): 19,532
• Household income: $44,884
• Rent vs Own: 50.7% rent · 49.3% own
• Severe rent burden: 900.0

Population outlook (Edgecombe County) Hauer SSP2

• Today (2025): 47,800 people
• By 2030: 44,396 · -7.1%
• By 2040: 37,562 · -21.4%
• By 2050: 31,495 · -34.1%
• By 2075: 20,943 · -56.2%
• By 2100: 13,674 · -71.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (70%)
• Race & ethnicity: Black 70% White 24% Two or more races 3% Hispanic / Latino 1%
• Common ancestry: Romanian 1%
• Foreign-born: 1% · Canada
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Edgecombe

• 2024 margin: Strong D (+22.7) · D 61.0% · R 38.3%
• 2008→2024 swing: -11.8pp toward R · 2008: 34.5pp · 2024: 22.7pp
• All cycles: 2024: D+22.7 2020: D+27.0 2016: D+32.2 2012: D+36.4 2008: D+34.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -17.65%
• Current HPI: 296.3428
• Rent YoY: —
• Metro: Rocky Mount, 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

+74.9% since first listed

35 events — show timeline

• 2026-04-28 Pending — TMLS
• 2026-04-27 Pending — Hive MLS
• 2026-04-14 Price Changed $139,900 TMLS
• 2026-04-02 Price Changed $139,900 Hive MLS
• 2026-02-13 Listed $144,900 Hive MLS
• 2026-02-13 Listed $144,900 TMLS
• 2025-12-07 Relisted — TMLS
• 2025-12-07 Relisted — Hive MLS
• 2025-10-30 Pending — TMLS
• 2025-10-30 Listing Removed — TMLS
• 2025-10-30 Pending — Hive MLS
• 2025-10-30 Listing Removed — Hive MLS
• 2025-10-14 Price Changed $139,900 TMLS
• 2025-10-14 Price Changed $139,900 Hive MLS
• 2025-09-16 Price Changed $144,900 TMLS
• 2025-09-16 Price Changed $144,900 Hive MLS
• 2025-09-03 Price Changed $149,900 TMLS
• 2025-09-03 Price Changed $149,900 Hive MLS
• 2025-08-21 Price Changed $156,000 TMLS
• 2025-08-21 Price Changed $156,000 Hive MLS
• 2025-08-04 Price Changed $157,000 TMLS
• 2025-08-04 Price Changed $157,000 Hive MLS
• 2025-07-28 Price Changed $159,900 TMLS
• 2025-07-28 Price Changed $159,900 Hive MLS
• 2025-07-01 Listed $169,900 TMLS
• 2025-07-01 Listed $169,900 Hive MLS
• 2025-06-27 Coming Soon — TMLS
• 2025-06-27 Coming Soon — Hive MLS
• 2025-03-10 Sold (Public Records) $68,000 Public Records
• 2025-03-10 Sold (MLS) $68,000 TMLS
• 2025-03-10 Sold (MLS) $68,000 Hive MLS
• 2025-02-16 Pending — TMLS
• 2025-02-16 Pending — Hive MLS
• 2025-02-12 Listed $80,000 TMLS
• 2025-02-10 Listed $80,000 Hive MLS

Property tax history

+2.9%/yr

Latest (2025): $825 · +3.1% YoY. Source: county tax records.