1214 Violet Ct · Green Level, NC 27217

$240,000

3 bd · 1.0 ba · 1,836 sqft · Manufactured public records · 13 Days on market

Built 1996 1.10 ac lot Est $252k · 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 +14.0/30.0
• ARV discount +9.6/15.0
• DSCR +4.2/10.0
• Livability +3.1/5.0
• Schools +3.0/10.0
• Rent growth +2.8/5.0
• 1% rule +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to your next opportunity! This 3-bedroom, 2-bath home sits on a spacious 1-acre lot offering plenty of room to enjoy country living, gardening, entertaining, or future possibilities. With a little TLC, this property has the potential to truly shine and become the perfect place to call home. Inside, you’ll find a functional layout with generous living space and endless possibilities to make it your own. Whether you’re a first-time buyer, investor, or someone looking for a home with land and potential, this property is full of value and charm. Selling as is. * * SELLER OFFERING 7,500 IN CONCESSIONS TOWARDS CLOSING/IMPROVEMENTS * *

Key facts

• Country living
• Home with land
• 1 acre lot

Tags

• 1 ACRE LOT
• COUNTRY LIVING
• GENEROUS LIVING SPACE
• HOME WITH LAND

Property features AI

Finance

• Other: Lot size approximately 1.1 acres
• HOA & community: No homeowners association

Exterior

• Parking: Driveway
• Utilities: Public water; Septic tank sewer; Electric water heater; Electric service
• Home design: Manufactured double-wide home; One story; Built in 1996; Existing structure
• Construction: Vinyl siding; Crawl space foundation; One fireplace (in the den)
• Exterior features: No fencing; Storage structure on the property; Private maintained road

Interior

• Kitchen: Electric water heater
• Bedrooms: Primary bedroom on the main level
• Bathrooms: 2 full bathrooms
• Heating & cooling: Heat pump and electric heating; Central air conditioning
• Interior features: Primary bedroom on the main level; Den with a fireplace

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath manufactured listed at $240k.

Deal economics

• At list price, monthly cash flow is $29 ($345/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 $185k (22.9% below list).
• Recommended offer: $185k (22.9% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 62/100 on livability (#460 in NC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: health & safety C-, schools F, amenities F.
• Alamance-Burlington Schools (rural): math 30% / reading 40% proficiency, ranked #133 of 178 in NC (top 75%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+1.1%/yr); 275 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 2,466 units permitted in Alamance County in 2024 (403 in 5+ unit buildings).
• This rent runs 43% of the median local income ($52k/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 $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Alamance County population projected at +19% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: moderate wind risk, 22% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $185,003 (22.9% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
4. 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.
5. 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.
6. 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: 0.77% ✗
• Cap rate: 6.44%
• Cash-on-cash: 0.51%
• DSCR: 1.02
• GRM: 10.8

CMA / ARV

• ARV (on-the-fly): $251,532
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1220 Violet Ct	0.03mi	4/2.0 (+1)	2,052 (+12%)	10mo	$250,000	$122	62
2651 W Simpson Rd Rd	0.44mi	3/2.0	1,736 (-5%)	8mo	$248,000	$143	59
2698 W Simpson Rd	0.38mi	3/2.0	1,680 (-8%)	9mo	$229,900	$137	56

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 · 1.06% rent growth · sell at horizon

5-year hold

• IRR: -17.4%
• Equity multiple: 0.39×
• Total profit: $-40,712
• Equity at exit: $35,785

10-year hold

• IRR: -13.1%
• Equity multiple: 0.29×
• Total profit: $-47,524
• Equity at exit: $20,751

Cash invested: $67,200 (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 27217

• Home prices YoY: -22.3%
• Rents YoY: 1.1%
• Active inventory: 275
• Price-to-rent: 10.8×

Monthly cashflow live

• Estimated rent: $1,850 medium
• Mortgage (P&I): −$1,259
• Tax from tax record: −$74 /mo · $890/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$389
• Net cashflow: $29

Break-even live

Break-even rent $1,814

Max offer price $240,000

Occupancy floor 93%

Sensitivity live

Price	-10% $165	-5% $97	+0% $29	+5% $-39	+10% $-107
Rent	-10% $-117	-5% $-44	+0% $29	+5% $102	+10% $175
Rate	-1.0pp $150	-0.5pp $90	base $29	+0.5pp $-33	+1.0pp $-97

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: $60,000
• Closing costs: $7,200
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
119 Calhoun Pl Burlington, NC	3.0	2.5	1915	$1,945	$1.02	22d	1	1.22mi
127 Telegraph Ln Burlington, NC	3.0	2.0	1316	$1,850	$1.41	22d	1	1.22mi

Listing history 6 events

1. 2026-06-22
   days on market $240,000 Active 13 DOM
2. 2026-06-19
   days on market $240,000 Active 11 DOM
3. 2026-06-18
   days on market $240,000 Active 10 DOM
4. 2026-06-17
   remarks 646-char remark
5. 2026-06-17
   status $240,000 Active 9 DOM
6. 2026-05-04
   listed $240,000 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: $890 · $74/mo
• Projected year-2 tax: $1,968 · $164/mo
• Expected delta: +$1,078/yr (+$90/mo · 121.1%)

ⓘ 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 ≥105°F today · 17 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 22% 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: $22,200
• − Mortgage interest: −$13,444
• − Property taxes: −$890
• − Insurance: −$1,200
• − Repairs & maintenance: −$1,776
• − Management: −$1,776
• − Depreciation: −$6,982
• Taxable loss: −$3,867
• Est. tax savings @ 24.0%: +$928
• After-tax cash flow: $1,273/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: Alamance-Burlington Schools
• NCES district ID: 3700030
• Math proficiency: 30% ▼ -6.00%
• Reading proficiency: 40% ▲ 2.00%
• Median HH income: $43,359
• Composite: 29.68/100
• National rank: #6460
• State rank: #133 of 178 in NC

Livability — Green Level

• Score: 62/100
• State rank: #460
• US rank: #16840

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Green Level, NC
• County: Alamance County · 173,369 people
• Metro: Burlington, NC
• Population (ZIP): 41,406
• Household income: $51,950
• Rent vs Own: 39.8% rent · 60.2% own
• Severe rent burden: 1040.0

Population outlook (Alamance County) Hauer SSP2

• Today (2025): 173,381 people
• By 2030: 180,609 · +4.2%
• By 2040: 194,327 · +12.1%
• By 2050: 206,158 · +18.9%
• By 2075: 235,665 · +35.9%
• By 2100: 258,626 · +49.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.69)
• Race & ethnicity: White 38% Black 29% Hispanic / Latino 29% Two or more races 7% Native American 1%
• Hispanic origin (detail): Mexican 19% Puerto Rican 1%
• Common ancestry: Serbian 2% Italian 1% Slovak 1%
• Foreign-born: 13% · Canada
• Languages at home: 75% English-only · Spanish 24%

Political lean MEDSL · Alamance

• 2024 margin: Lean R (+8.2) · D 45.4% · R 53.5% · Other 1.1%
• 2008→2024 swing: +1.1pp toward D · 2008: -9.2pp · 2024: -8.2pp
• All cycles: 2024: R+8.2 2020: R+8.4 2016: R+12.9 2012: R+14.1 2008: R+9.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -74.45%
• Current HPI: 259.8107
• Rent YoY: ▲ 1.06%
• Metro: Burlington, 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

1 event — show timeline

• 2026-05-04 Listed $240,000 Triad MLS

Property tax history

-1.7%/yr

Latest (2025): $890 · +3.0% YoY. Source: county tax records.