3104 Marlowe Rd N · Wilson, NC 27896

$215,000

3 bd · 1.5 ba · 1,270 sqft · SingleFamily public records · 55 Days on market

Built 1969 Est $253k · 15% under

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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 +14.4/30.0
• ARV discount +14.2/15.0
• DSCR +4.4/10.0
• Schools +3.3/10.0
• Livability +3.2/5.0
• 1% rule +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this well-maintained 3-bedroom, 1.5 bath ranch home on nearly half an acre in a quiet Wilson neighborhood. This property is vacant and easy to show; Perfect for families, first-time buyers, or investors looking for value. Inside, you'll find a functional layout with plenty of natural light throughout. The main bathroom features a recently updated ceiling and the spacious interior provides room to personalize. The large lot offers outdoor space for gardening, play or future improvements. Located near local schools and convenient to shopping and dining, this home offers affordable living with great potential. Don't miss the chance to make it yours!

Key facts

• Large lot
• Outdoor space
• Near local schools

Tags

• RECENTLY UPDATED CEILING
• LARGE LOT
• OUTDOOR SPACE
• NEAR LOCAL SCHOOLS

Property features AI

Exterior

• Parking: 1-car garage

Interior

• Interior features: 1 full bathroom; 1 half bathroom

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $215k.

Deal economics

• At list price, monthly cash flow is $42 ($507/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 $174k (19.3% below list).
• Recommended offer: $174k (19.3% below list) — sets the bar for 1% rule.
• Cap rate 6.5% vs local median 3.4% in Wilson — 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 64/100 on livability (#374 in NC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A; Watch: schools F, crime F, amenities F.
• Wilson County Schools (rural): math 38% / reading 40% proficiency, ranked #119 of 178 in NC (top 67%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 161 active listings in the ZIP; solid renter incomes; 580 units permitted in Wilson County in 2024 (168 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 $6k of value loss. Plan a longer hold.
• Wilson County population projected to shrink 5% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 55 days — a 3% lower offer ($209k) is reasonable based on typical stale-listing flexibility.
• 16 sale attempts since 11y ago 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 $186k; 16% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 71% 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 $173,504 (19.3% below list)

Questions for the listing agent

1. It's been on market 55 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
2. Built in 1969 — 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 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: 0.81% ✗
• Cap rate: 6.53%
• Cash-on-cash: 0.84%
• DSCR: 1.04
• GRM: 10.3

CMA / ARV

• ARV (on-the-fly): $252,730
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4275 Westerly Ct	0.42mi	3/2.0	1,318 (+4%)	11mo	$255,000	$193	63
3806 Lightwater Ln	0.47mi	3/2.0	1,383 (+9%)	1mo	$286,000	$207	61
3827 Bucklin Dr NE	0.54mi	3/2.0	1,308 (+3%)	10mo	$267,000	$204	59
3831 Bucklin Dr NE	0.51mi	3/2.0	1,365 (+8%)	5mo	$257,000	$188	58
3811 Valleyfield Ln	0.55mi	3/2.0	1,368 (+8%)	3mo	$270,000	$197	56
3809 Valleyfield Ln	0.57mi	3/2.0	1,352 (+6%)	6mo	$277,500	$205	56
3836 Bucklin Dr N	0.49mi	3/2.0	1,368 (+8%)	10mo	$275,000	$201	54
3719 Lightwater Ln	0.39mi	3/2.0	1,441 (+14%)	8mo	$286,500	$199	50
4246 Westerly Ct	0.52mi	3/1.5	1,148 (-10%)	13mo	$150,000	$131	49
3816 Valleyfield Ln	0.45mi	3/2.0	1,426 (+12%)	10mo	$291,309	$204	48
3708 Lightwater Ln N	0.44mi	3/2.0	1,450 (+14%)	19mo	$281,800	$194	38
3707 Shadow Ridge Rd N	0.64mi	3/2.0	1,419 (+12%)	20mo	$269,000	$190	32

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: -15.0%
• Equity multiple: 0.46×
• Total profit: $-32,221
• Equity at exit: $32,057

10-year hold

• IRR: -6.5%
• Equity multiple: 0.59×
• Total profit: $-24,882
• Equity at exit: $18,589

Cash invested: $60,200 (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 27896

• Active inventory: 161
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $1,735 medium
• Mortgage (P&I): −$1,127
• Tax from tax record: −$111 /mo · $1,337/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$364
• Net cashflow: $42

Break-even live

Break-even rent $1,682

Max offer price $215,000

Occupancy floor 93%

Sensitivity live

Price	-10% $164	-5% $103	+0% $42	+5% $-19	+10% $-79
Rent	-10% $-95	-5% $-26	+0% $42	+5% $111	+10% $179
Rate	-1.0pp $150	-0.5pp $97	base $42	+0.5pp $-13	+1.0pp $-70

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: $53,750
• Closing costs: $6,450
• Reserves months: —
• Total cash needed: —

Listing history 50 events

1. 2026-06-19
   days on market $215,000 Active 55 DOM
2. 2026-06-18
   days on market $215,000 Active 54 DOM
3. 2026-06-17
   days on market $215,000 Active 53 DOM
4. 2026-06-16
   days on market $215,000 Active 52 DOM
5. 2026-06-15
   days on market $215,000 Active 51 DOM
6. 2026-06-14
   days on market $215,000 Active 49 DOM
7. 2026-06-13
   days on market $215,000 Active 48 DOM
8. 2026-06-10
   days on market $215,000 Active 46 DOM
9. 2026-06-09
   days on market $215,000 Active 45 DOM
10. 2026-06-08
    days on market $215,000 Active 44 DOM
11. 2026-06-07
    days on market $215,000 Active 43 DOM
12. 2026-06-05
    days on market $215,000 Active 40 DOM
13. 2026-06-03
    days on market $215,000 Active 39 DOM
14. 2026-06-02
    days on market $215,000 Active 38 DOM
15. 2026-06-01
    days on market $215,000 Active 37 DOM
16. 2026-05-31
    days on market $215,000 Active 36 DOM
17. 2026-05-30
    days on market $215,000 Active 35 DOM
18. 2026-05-13
    price $209,900 665-char remark

    Show marketing remark (665 chars)

    Welcome to this well-maintained 3-bedroom, 1.5 bath ranch home on nearly half an acre in a quiet Wilson neighborhood. This property is vacant and easy to show; Perfect for families, first-time buyers, or investors looking for value. Inside, you'll find a functional layout with plenty of natural light throughout. The main bathroom features a recently updated ceiling and the spacious interior provides room to personalize. The large lot offers outdoor space for gardening, play or future improvements. Located near local schools and convenient to shopping and dining, this home offers affordable living with great potential. Don't miss the chance to make it yours!

19. 2026-05-12
    listed $215,000 Active 665-char remark

    Show marketing remark (665 chars)

    Welcome to this well-maintained 3-bedroom, 1.5 bath ranch home on nearly half an acre in a quiet Wilson neighborhood. This property is vacant and easy to show; Perfect for families, first-time buyers, or investors looking for value. Inside, you'll find a functional layout with plenty of natural light throughout. The main bathroom features a recently updated ceiling and the spacious interior provides room to personalize. The large lot offers outdoor space for gardening, play or future improvements. Located near local schools and convenient to shopping and dining, this home offers affordable living with great potential. Don't miss the chance to make it yours!

20. 2026-04-23
    listed $215,000 Active
21. 2024-10-08
    soldstatus $186,000 Closed 422-char remark

    Show marketing remark (422 chars)

    Nestled on nearly half an acre in a sought-after Wilson neighborhood, this charming ranch-style home seamlessly blends modern updates with rustic charm. The upgraded appliances and original hardwood floors enhance the cozy atmosphere, while the updated outdoor area is perfect for relaxing evenings. Whether you choose to enjoy it as is or customize it to your own rustic vision, this property offers endless possibilities

22. 2024-09-19
    soldstatus $186,184 Sold
23. 2024-09-10
    status Pending 422-char remark

    Show marketing remark (422 chars)

    Nestled on nearly half an acre in a sought-after Wilson neighborhood, this charming ranch-style home seamlessly blends modern updates with rustic charm. The upgraded appliances and original hardwood floors enhance the cozy atmosphere, while the updated outdoor area is perfect for relaxing evenings. Whether you choose to enjoy it as is or customize it to your own rustic vision, this property offers endless possibilities

24. 2024-09-10
    status Pending

    Show marketing remark (422 chars)

    Nestled on nearly half an acre in a sought-after Wilson neighborhood, this charming ranch-style home seamlessly blends modern updates with rustic charm. The upgraded appliances and original hardwood floors enhance the cozy atmosphere, while the updated outdoor area is perfect for relaxing evenings. Whether you choose to enjoy it as is or customize it to your own rustic vision, this property offers endless possibilities

25. 2024-09-06
    listed $210,000 Active 422-char remark

    Show marketing remark (422 chars)

    Nestled on nearly half an acre in a sought-after Wilson neighborhood, this charming ranch-style home seamlessly blends modern updates with rustic charm. The upgraded appliances and original hardwood floors enhance the cozy atmosphere, while the updated outdoor area is perfect for relaxing evenings. Whether you choose to enjoy it as is or customize it to your own rustic vision, this property offers endless possibilities

26. 2024-08-23
    listed $210,000 Active
27. 2024-04-30
    status Pending
28. 2024-04-30
    status Pending
29. 2024-04-30
    historical
30. 2024-04-30
    historical
31. 2024-04-28
    status Active
32. 2024-04-28
    status Active
33. 2024-04-15
    status Pending
34. 2024-04-15
    status Active
35. 2024-04-15
    status Pending
36. 2024-04-15
    status Active
37. 2024-04-15
    status Pending
38. 2024-04-15
    status Pending
39. 2024-04-07
    listed $229,900 Active
40. 2024-04-07
    listed $229,900 Active
41. 2022-08-01
    soldstatus $170,000 Closed
42. 2022-08-01
    soldstatus $170,000 Closed
43. 2022-08-01
    soldstatus $170,000
44. 2022-08-01
    soldstatus $170,000
45. 2022-07-04
    status Pending
46. 2022-07-02
    status Pending
47. 2022-06-26
    listed $174,900 Active
48. 2022-06-26
    listed $174,900
49. 2022-06-24
    listed $174,900 Active
50. 2018-05-24
    soldstatus $75,000

ⓘ 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: $1,337 · $111/mo
• Projected year-2 tax: $1,763 · $147/mo
• Expected delta: +$426/yr (+$36/mo · 31.9%)

ⓘ 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 7/10 Severe 7 d/yr ≥108°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 71% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,820
• − Mortgage interest: −$12,043
• − Property taxes: −$1,337
• − Insurance: −$1,075
• − Repairs & maintenance: −$1,666
• − Management: −$1,666
• − Depreciation: −$6,255
• Taxable loss: −$3,220
• Est. tax savings @ 24.0%: +$773
• After-tax cash flow: $1,280/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: Wilson County Schools
• NCES district ID: 3705020
• Math proficiency: 38% ▲ 2.00%
• Reading proficiency: 40% ▼ -1.00%
• Median HH income: $39,342
• Composite: 32.64/100
• National rank: #5665
• State rank: #119 of 178 in NC

Livability — Wilson

• Score: 64/100
• State rank: #374
• US rank: #14674

Category grades

Amenities F Commute F 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: Wilson County · 57,967 people
• City population: 57,967
• Metro: Wilson, NC
• Population (ZIP): 19,455
• Household income: $75,696
• Rent vs Own: 27.7% rent · 72.3% own
• Severe rent burden: 311.0

Population outlook (Wilson County) Hauer SSP2

• Today (2025): 82,765 people
• By 2030: 82,492 · -0.3%
• By 2040: 81,054 · -2.1%
• By 2050: 78,610 · -5.0%
• By 2075: 71,865 · -13.2%
• By 2100: 62,792 · -24.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 61% Black 24% Hispanic / Latino 9% Two or more races 5% Asian 3%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Italian 1% Slovak 1% Serbian 1%
• Foreign-born: 7% · Canada, Vietnam, Jamaica
• Languages at home: 89% English-only · Spanish 8% Vietnamese 1% Other Asian/Pacific 1%

Political lean MEDSL · Wilson

• 2024 margin: Toss-up / Even · D 49.8% · R 49.4%
• 2008→2024 swing: -5.7pp toward R · 2008: 6.1pp · 2024: 0.4pp
• All cycles: 2024: D+0.4 2020: D+2.9 2016: D+5.6 2012: D+7.3 2008: D+6.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -164.90%
• Current HPI: 173.5082
• Rent YoY: —
• Metro: Wilson, 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

+147.2% since first listed

39 events — show timeline

• 2026-05-13 Price Changed $209,900 FSBO.com
• 2026-05-12 Listed $215,000 FSBO.com
• 2026-04-23 Listed $215,000 Fizber.com
• 2024-10-08 Sold (MLS) $186,000 Hive MLS
• 2024-09-19 Sold (MLS) $186,184 TMLS
• 2024-09-10 Pending — Hive MLS
• 2024-09-10 Pending — TMLS
• 2024-09-06 Listed $210,000 Hive MLS
• 2024-08-23 Listed $210,000 TMLS
• 2024-04-30 Pending — Hive MLS
• 2024-04-30 Pending — TMLS
• 2024-04-30 Listing Removed — TMLS
• 2024-04-30 Listing Removed — Hive MLS
• 2024-04-28 Relisted — Hive MLS
• 2024-04-28 Relisted — TMLS
• 2024-04-15 Pending — TMLS
• 2024-04-15 Relisted — TMLS
• 2024-04-15 Pending — TMLS
• 2024-04-15 Relisted — TMLS
• 2024-04-15 Pending — TMLS
• 2024-04-15 Pending — Hive MLS
• 2024-04-07 Listed $229,900 TMLS
• 2024-04-07 Listed $229,900 Hive MLS
• 2022-08-01 Sold (Public Records) $170,000 Public Records
• 2022-08-01 Sold (MLS) $170,000 AMLSNC
• 2022-08-01 Sold (MLS) $170,000 TMLS
• 2022-08-01 Sold (MLS) $170,000 Hive MLS
• 2022-07-04 Pending — TMLS
• 2022-07-02 Pending — Hive MLS
• 2022-06-26 Listed $174,900 AMLSNC
• 2022-06-26 Listed $174,900 TMLS
• 2022-06-24 Listed $174,900 Hive MLS
• 2018-05-24 Sold (Public Records) $75,000 Public Records
• 2018-05-24 Sold (MLS) $75,000 Hive MLS
• 2018-03-30 Listed $80,900 Hive MLS
• 2017-12-07 Listing Removed — Hive MLS
• 2016-09-12 Listed $86,900 Hive MLS
• 2016-04-30 Listing Removed — Hive MLS
• 2015-04-28 Listed $84,900 Hive MLS

Property tax history

+3.8%/yr

Latest (2025): $1,337 · +0.0% YoY. Source: county tax records.