738 Stokesburg Rd · Walnut Cove, NC 27052

$150,000

3 bd · 1.0 ba · 1,685 sqft · SingleFamily public records · 6 Days on market

Built 1960 0.54 ac lot

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Why this score? — see what drove the C- 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 +13.3/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +4.0/10.0
• Schools +4.0/10.0
• Livability +3.2/5.0
• 1% rule +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Looking for a move-in-ready starter home or a great investment opportunity? This charming 3-bedroom, 1-bath home on a spacious 0.54-acre lot checks all the boxes. Inside, you'll find updated flooring and a cozy gas log fireplace that adds warmth and character to the living space. The large lot offers plenty of room for outdoor activities, gardening, or future expansion. With its affordable price and strong potential, this property is an excellent option for first-time buyers, downsizers, or investors looking to add to their portfolio. Conveniently located and priced to sell, this home won't last long. Schedule your showing today and see all the possibilities this property has to offe

Key facts

• Future expansion
• Spacious lot
• Gas log fireplace

Tags

• MOVE IN READY
• UPDATED FLOORING
• GAS LOG FIREPLACE
• SPACIOUS LOT
• FUTURE EXPANSION
• CONVENIENTLY LOCATED

Property features AI

Finance

• HOA & community: No homeowners association

Exterior

• Parking: Gravel parking (no garage)
• Utilities: Public water; Septic tank sewer; Electric water heater
• Home design: Residential stick/site-built house; One story; Built in 1960; Existing structure
• Construction: Vinyl siding; Crawl space foundation; Shingle roof information not provided
• Exterior features: Partially cleared lot; No fencing; Public maintained road access

Interior

• Kitchen: Dishwasher; Free-standing range; Range hood; Electric water heater
• Bedrooms: Primary bedroom located on the main level
• Flooring: Carpet; Vinyl
• Bathrooms: One full bathroom
• Heating & cooling: Central air conditioning; Forced air heating; Propane heating (propane gas fuel)
• Interior features: Primary bedroom on the main level; Pulldown attic stairs; Built-in features; Ceiling fans
• Laundry & utility: Laundry on the main level

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $1 ($13/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 $121k (19.5% below list).
• Recommended offer: $121k (19.5% below list) — sets the bar for 1% rule.
• Cap rate 6.3% vs local median 2.8% in Walnut Cove — 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 63/100 on livability (#420 in NC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A, crime A-; Watch: amenities F, commute F, employment D-.
• Stokes County Schools (rural): math 48% / reading 46% proficiency, ranked #78 of 178 in NC (top 44%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: London Elementary School (math 52% / reading 42%, grade D-, #497 of 1,410 statewide, top 38%, 193 students, 72% FRL); Southeastern Stokes Middle School (math 44% / reading 44%, grade D, #176 of 475 statewide, top 38%, 400 students, 63% FRL); South Stokes High School (math 62% / reading 47%, grade C-, #270 of 535 statewide, top 52%, 547 students, 51% FRL) — zoned schools average 62% FRL vs 42% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 63 active listings in the ZIP; 230 units permitted in Stokes County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $16k of equity ($1k loan paydown + $15k appreciation (10.0% local appreciation)).
• Stokes County population projected at -26% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $42k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$41k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $120,734 (19.5% below list)

Questions for the listing agent

1. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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: 0.80% ✗
• Cap rate: 6.30%
• Cash-on-cash: 0.03%
• DSCR: 1.00
• GRM: 10.4

CMA / ARV

• ARV (on-the-fly): $369,015
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
606 Spring St	0.35mi	3/2.0	1,500 (-11%)	8mo	$348,000	$232	54
804 Montgomery Ct	0.58mi	3/2.0	1,527 (-9%)	0mo	$335,000	$219	53
843 Montgomery Ct	0.61mi	3/2.0	1,602 (-5%)	21mo	$315,000	$197	42
1125 Adams Ridge Rd	0.47mi	3/2.0	1,864 (+11%)	17mo	$350,000	$188	42

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 24.3%
• Equity multiple: 2.95×
• Total profit: $81,729
• Equity at exit: $135,132

10-year hold

• IRR: 21.5%
• Equity multiple: 6.73×
• Total profit: $240,559
• Equity at exit: $291,417

Cash invested: $42,000 (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 27052

• Home prices YoY: 12.1%
• Active inventory: 63
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $1,207 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$104 /mo · $1,243/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$254
• Net cashflow: $1

Break-even live

Break-even rent $1,206

Max offer price $150,000

Occupancy floor 95%

Sensitivity live

Price	-10% $86	-5% $44	+0% $1	+5% $-41	+10% $-84
Rent	-10% $-94	-5% $-47	+0% $1	+5% $49	+10% $96
Rate	-1.0pp $77	-0.5pp $39	base $1	+0.5pp $-38	+1.0pp $-77

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Listing history 6 events

1. 2026-06-17
   status $150,000 Pending 6 DOM
2. 2026-06-16
   days on market $150,000 Active 6 DOM
3. 2026-06-15
   days on market $150,000 Active 5 DOM
4. 2026-06-14
   days on market $150,000 Active 3 DOM
5. 2026-06-12
   remarks 699-char remark
6. 2026-06-12
   listed $150,000 Active 2 DOM

ⓘ 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: $1,243 · $104/mo
• Projected year-2 tax: $1,243 · $104/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 6/10 Major 7 d/yr ≥102°F today · 18 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 8% 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: $14,488
• − Mortgage interest: −$8,402
• − Property taxes: −$1,243
• − Insurance: −$750
• − Repairs & maintenance: −$1,159
• − Management: −$1,159
• − Depreciation: −$4,364
• Taxable loss: −$2,589
• Est. tax savings @ 24.0%: +$621
• After-tax cash flow: $634/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: Stokes County Schools
• NCES district ID: 3704380
• Math proficiency: 48% ▲ 5.00%
• Reading proficiency: 46% ▲ 1.00%
• Median HH income: $42,284
• Composite: 39.58/100
• National rank: #3928
• State rank: #78 of 178 in NC

Livability — Walnut Cove

• Score: 63/100
• State rank: #420
• US rank: #15677

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Walnut Cove, NC
• Population (ZIP): 10,599

Population outlook (Stokes County) Hauer SSP2

• Today (2025): 44,106 people
• By 2030: 42,264 · -4.2%
• By 2040: 37,833 · -14.2%
• By 2050: 32,818 · -25.6%
• By 2075: 23,281 · -47.2%
• By 2100: 15,676 · -64.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Black 8% Hispanic / Latino 4% Two or more races 4%
• Common ancestry: Slovak 2% Italian 2% Serbian 2%
• Foreign-born: 1% · Canada
• Languages at home: 96% English-only · Spanish 3%

Political lean MEDSL · Stokes

• 2024 margin: Solid R (+59.6) · D 19.8% · R 79.4%
• 2008→2024 swing: -24.6pp toward R · 2008: -35.0pp · 2024: -59.6pp
• All cycles: 2024: R+59.6 2020: R+57.8 2016: R+55.6 2012: R+42.9 2008: R+35.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 28.09%
• Current HPI: 260.5894
• 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

+3.4% since first listed

3 events — show timeline

• 2026-06-11 Price Changed $150,000 Triad MLS
• 2026-06-09 Listed $140,000 Triad MLS
• 2026-05-12 Sold (Public Records) $145,000 Public Records

Property tax history

+3.7%/yr

Latest (2025): $1,243 · +23.2% YoY. Source: county tax records.