101 Knight Dr · Lake Junaluska, NC 28721

$179,900

3 bd · 1.0 ba · 960 sqft · SingleFamily public records · 101 Days on market

Built 1900 0.80 ac lot Est $215k · 16% under ↓ 22% since listing

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Why this score? — see what drove the F 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).

• ARV discount +14.9/15.0
• Schools +4.5/10.0
• Cash flow +4.2/30.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +0.3/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Opportunity awaits at this historic home in Clyde, North Carolina, offering a chance to restore, renovate, and customize a property with character and potential. Originally built in 1900, this two-story residence features approximately 1,528 square feet with 3 bedrooms, 1 bathroom, and sits on a spacious lot of nearly 0.8 acres in the scenic mountains of Haywood County. Significant preliminary work has already been completed, providing a head start for renovation plans. Much of the original plumbing has been removed in preparation for future upgrades, while the bathroom plumbing remains in place. The property is connected to city water and also includes an on-site well, offering additional

Key facts

• 0.8 acre lot
• 4 garage spots
• Built 1900

Property features AI

Finance

• HOA & community: No HOA

Exterior

• Parking: Detached carport; Oversized detached garage with electrical service and existing gas heater (propane tank removed), fits approximately four vehicles; Main level garage present; 4 garage spaces
• Utilities: City water and well available; Public sewer
• Home design: Single-family residence; Residential property; Two levels; Entry level: main
• Construction: Site-built construction; Vinyl exterior; Aluminum roof; Crawl space foundation; Built on two levels
• Exterior features: Back yard fencing; Gravel road access; Views

Interior

• Kitchen: No appliances listed
• Bedrooms: 3 bedrooms (main level: 3 on main/upper mix — three total; bedroom locations include main and upper levels)
• Bathrooms: 1 full bathroom
• Heating & cooling: No heating system listed; No cooling system listed
• Interior features: 7 total rooms; Fireplace
• Laundry & utility: No laundry facilities listed

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $-486 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $110k (39.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $96k (46.7% below list).
• Recommended offer: $96k (46.7% below list) — sets the bar for 1% rule.
• Cap rate 3.1% vs local median 2.2% in Lake Junaluska — 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 (#110 in NC) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, cost of living A-; Watch: amenities F, commute F.
• Haywood County Schools (suburban): math 55% / reading 53% proficiency, ranked #50 of 178 in NC (top 28%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Clyde Elementary (math 50% / reading 45%, grade D, #490 of 1,410 statewide, top 35%, 526 students, 99% FRL); Canton Middle (math 37% / reading 42%, grade F, #232 of 475 statewide, top 50%, 449 students, 99% FRL); Pisgah High (math 57% / reading 62%, grade C+, #216 of 535 statewide, top 43%, 927 students, 55% FRL) — zoned schools average 85% FRL vs 49% district-wide (36 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 159 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 537 units permitted in Haywood County in 2024 (150 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.

Negotiation context

• It's been on market 101 days — a 9% lower offer ($164k) is reasonable based on typical stale-listing flexibility.
• 2 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.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $95,893 (46.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 101 days. Have you received any prior offers? Is the seller open to a 47% concession, seller financing, or rate buy-down credit?
3. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. 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?
8. 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.
9. 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.
10. 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: 0.53% ✗
• Cap rate: 3.05%
• Cash-on-cash: -11.57%
• DSCR: 0.49
• GRM: 15.6

CMA / ARV

• ARV (on-the-fly): $215,040
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1701 Old Clyde Rd	0.16mi	2/2.0 (-1)	1,008 (+5%)	4mo	$248,000	$246	72
148 Huffman Rd	0.28mi	2/1.0 (-1)	1,008 (+5%)	7mo	$225,500	$224	68
46 Westbrook Cir	0.35mi	2/1.5 (-1)	976 (+2%)	11mo	$224,500	$230	65
327 Glenwood Dr	0.42mi	3/1.5	1,017 (+6%)	8mo	$210,000	$206	61
38 Westbrook Cir	0.34mi	2/1.5 (-1)	1,018 (+6%)	11mo	$214,000	$210	58
6 Kims Ct	0.54mi	2/2.0 (-1)	1,079 (+12%)	10mo	$230,000	$213	36

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: -37.5%
• Equity multiple: -0.19×
• Total profit: $-60,071
• Equity at exit: $26,824

10-year hold

• IRR: -54.7%
• Equity multiple: -0.83×
• Total profit: $-92,083
• Equity at exit: $15,554

Cash invested: $50,372 (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 28721

• Home prices YoY: -20.8%
• Active inventory: 159
• Price-to-rent: 15.6×

Monthly cashflow live

• Estimated rent: $959 medium
• Mortgage (P&I): −$943
• Tax est. 1.5%: −$225 /mo · $2,698/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$201
• Net cashflow: $-486

Break-even live

Break-even rent $1,574

Max offer price $109,619

Occupancy floor —

Sensitivity live

Price	-10% $-361	-5% $-424	+0% $-486	+5% $-548	+10% $-610
Rent	-10% $-561	-5% $-524	+0% $-486	+5% $-448	+10% $-410
Rate	-1.0pp $-395	-0.5pp $-440	base $-486	+0.5pp $-532	+1.0pp $-580

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: $44,975
• Closing costs: $5,397
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
60 Miller Loop Rd Unit Mlm Clyde, NC	2.0	1.0	644	$900	$1.40	25d	1	0.67mi
60 Miller Loop Rd Unit Mlm Clyde, NC	2.0	2.0	924	$1,000	$1.08	15d	1	0.67mi

Listing history 21 events

1. 2026-06-22
   days on market $179,900 Active 101 DOM
2. 2026-06-18
   days on market $179,900 Active 98 DOM
3. 2026-06-17
   days on market $179,900 Active 97 DOM
4. 2026-06-16
   days on market $179,900 Active 96 DOM
5. 2026-06-15
   days on market $179,900 Active 95 DOM
6. 2026-06-14
   days on market $179,900 Active 93 DOM
7. 2026-06-13
   days on market $179,900 Active 92 DOM
8. 2026-06-10
   days on market $179,900 Active 90 DOM
9. 2026-06-09
   days on market $179,900 Active 89 DOM
10. 2026-06-08
    days on market $179,900 Active 88 DOM
11. 2026-06-07
    days on market $179,900 Active 87 DOM
12. 2026-06-03
    days on market $179,900 Active 83 DOM
13. 2026-06-02
    days on market $179,900 Active 82 DOM
14. 2026-06-01
    days on market $179,900 Active 81 DOM
15. 2026-05-31
    days on market $179,900 Active 80 DOM
16. 2026-05-30
    days on market $179,900 Active 79 DOM
17. 2026-03-13
    listed $179,900 Active
18. 2026-03-03
    price $179,900
19. 2026-02-20
    historical $149,900
20. 2026-01-08
    price $214,000
21. 2026-01-05
    listed $230,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥94°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,507
• − Mortgage interest: −$10,077
• − Property taxes: −$2,698
• − Insurance: −$900
• − Repairs & maintenance: −$921
• − Management: −$921
• − Depreciation: −$5,233
• Taxable loss: −$9,243
• Est. tax savings @ 24.0%: +$2,218
• After-tax cash flow: $-3,610/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: Haywood County Schools
• NCES district ID: 3702040
• Math proficiency: 55% ▲ 7.00%
• Reading proficiency: 53% ▲ 2.00%
• Median HH income: $42,715
• Composite: 45.42/100
• National rank: #2623
• State rank: #50 of 178 in NC

Livability — Lake Junaluska

• Score: 71/100
• State rank: #110
• US rank: #6967

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 555
• Population (ZIP): 10,561

Population outlook (Haywood County) Hauer SSP2

• Today (2025): 61,607 people
• By 2030: 62,137 · +0.9%
• By 2040: 62,418 · +1.3%
• By 2050: 61,578 · +-0.0%
• By 2075: 59,137 · -4.0%
• By 2100: 53,470 · -13.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Hispanic / Latino 8% Two or more races 7%
• Hispanic origin (detail): Mexican 4% Cuban 2%
• Common ancestry: Serbian 5% Slovak 2% Lithuanian 2%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 3%

Political lean MEDSL · Haywood

• 2024 margin: Strong R (+25.1) · D 36.9% · R 62.0% · Other 1.1%
• 2008→2024 swing: -17.4pp toward R · 2008: -7.8pp · 2024: -25.1pp
• All cycles: 2024: R+25.1 2020: R+26.5 2016: R+28.0 2012: R+13.8 2008: R+7.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -52.90%
• Current HPI: 201.525
• Rent YoY: —
• Metro: —
• 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

-21.8% since first listed

5 events — show timeline

• 2026-03-13 Listed $179,900 CANOPYMLS as Distributed by MLS Grid
• 2026-03-03 Price Changed $179,900 CANOPYMLS as Distributed by MLS Grid
• 2026-02-20 Coming Soon $149,900 CANOPYMLS as Distributed by MLS Grid
• 2026-01-08 Price Changed $214,000 CANOPYMLS as Distributed by MLS Grid
• 2026-01-05 Listed $230,000 CANOPYMLS as Distributed by MLS Grid

Property tax history

-3.5%/yr

Latest (2025): $287 · +1.4% YoY. Source: county tax records.