1224 Astoria Rd · Jamesville, NC 27846

$79,900

3 bd · 2.0 ba · 1,248 sqft · Manufactured public records · 142 Days on market

Built 1997 1.00 ac lot

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Why this score? — see what drove the B 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 +29.1/30.0
• DSCR +10.0/10.0
• Appreciation +9.7/10.0
• ARV discount +7.5/15.0
• 1% rule +7.0/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0

Listing remarks

Sitting on a peaceful lot in Jamesville, NC, this home offers good bones and overall strong potential. With a little bit of TLC, this home can truly shine! Perfect for a buyer looking to add personal touches or an investor searching for a value-add opportunity, this property presents an affordable entry point into homeownership or your next project. With the right updates, this home can easily be transformed into a comfortable residence or a profitable investment — don’t miss out on this great value.

Key facts

• 1 acre lot
• Parking
• Built 1997

Property features AI

Finance

• HOA & community: No HOA

Exterior

• Parking: Detached carport (1 space)
• Utilities: Public water; Public sewer
• Home design: Single-family manufactured singlewide residence; Site-built construction; One story; Crawl space foundation
• Construction: Aluminum and vinyl exterior materials
• Exterior features: Publicly maintained road access; Road surface: Other

Interior

• Kitchen: Other appliances
• Bedrooms: 3 bedrooms on the main level
• Bathrooms: 2 full bathrooms (main level)
• Heating & cooling: Electric heating; Window unit(s) for cooling
• Interior features: One-level living; Room count: 1
• Laundry & utility: Washer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $80k.

Deal economics

• At list price, monthly cash flow is $277 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($961 rent vs $80k).
• Recommended offer: $70k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 58/100 on livability (#573 in NC) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A-; Watch: health & safety C-, crime F, amenities F.
• Martin County Schools (rural): math 24% / reading 34% proficiency, ranked #150 of 178 in NC (top 84%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 62% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Riverside High (math 22% / reading 37%, grade F, #459 of 535 statewide, top 87%, 447 students, 99% FRL) — zoned schools average 99% FRL vs 62% district-wide (37 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 6 active listings in the ZIP.

Forward outlook

• In year one you build about $8k of equity ($552 loan paydown + $8k appreciation (9.5% local appreciation)).
• Martin County population projected at -33% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (9.5% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 142 days — a 12% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 12y ago; this cycle's ask has dropped $10k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 80% 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 $70,312 (12.0% below list)

Questions for the listing agent

1. It's been on market 142 days. Have you received any prior offers? Is the seller open to a 12% 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. 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?
5. 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.
6. 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.
7. 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: 1.20% ✓
• Cap rate: 10.45%
• Cash-on-cash: 14.84%
• DSCR: 1.66
• GRM: 6.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

9.48% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 34.3%
• Equity multiple: 3.60×
• Total profit: $58,258
• Equity at exit: $68,946

10-year hold

• IRR: 29.8%
• Equity multiple: 8.02×
• Total profit: $156,965
• Equity at exit: $145,569

Cash invested: $22,372 (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 27846

• Home prices YoY: 6.5%
• Active inventory: 6
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $961 medium
• Mortgage (P&I): −$419
• Tax from tax record: −$30 /mo · $360/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$202
• Net cashflow: $277

Break-even live

Break-even rent $610

Max offer price $79,900

Occupancy floor 66%

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-19
   days on market $79,900 Active 142 DOM
2. 2026-06-18
   days on market $79,900 Active 141 DOM
3. 2026-06-17
   days on market $79,900 Active 140 DOM
4. 2026-06-16
   days on market $79,900 Active 139 DOM
5. 2026-06-15
   days on market $79,900 Active 138 DOM
6. 2026-06-14
   days on market $79,900 Active 136 DOM
7. 2026-06-12
   days on market $79,900 Active 135 DOM
8. 2026-06-09
   days on market $79,900 Active 132 DOM
9. 2026-06-08
   days on market $79,900 Active 131 DOM
10. 2026-06-07
    days on market $79,900 Active 130 DOM
11. 2026-06-03
    days on market $79,900 Active 126 DOM
12. 2026-06-02
    days on market $79,900 Active 125 DOM
13. 2026-06-01
    days on market $79,900 Active 124 DOM
14. 2026-05-31
    days on market $79,900 Active 123 DOM
15. 2026-05-30
    days on market $79,900 Active 122 DOM
16. 2026-05-18
    status Active
17. 2026-03-30
    status Active
18. 2026-03-02
    price $79,900
19. 2026-02-25
    price $84,900
20. 2026-01-24
    listed $89,900 Active
21. 2016-11-30
    historical
22. 2014-09-29
    listed $69,900

ⓘ 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: $360 · $30/mo
• Projected year-2 tax: $655 · $55/mo
• Expected delta: +$296/yr (+$25/mo · 82.2%)

ⓘ 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 8/10 Severe 7 d/yr ≥108°F today · 16 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% 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: $11,529
• − Mortgage interest: −$4,476
• − Property taxes: −$360
• − Insurance: −$400
• − Repairs & maintenance: −$922
• − Management: −$922
• − Depreciation: −$2,324
• Taxable income: $2,125
• Est. tax owed @ 24.0%: −$510
• After-tax cash flow: $2,810/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: Martin County Schools
• NCES district ID: 3702880
• Math proficiency: 24% ▼ -2.00%
• Reading proficiency: 34% ▲ 1.00%
• Median HH income: $35,403
• Composite: 23.94/100
• National rank: #7781
• State rank: #150 of 178 in NC

Livability — Jamesville

• Score: 58/100
• State rank: #573
• US rank: #21170

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jamesville, NC
• Population (ZIP): 2,689

Population outlook (Martin County) Hauer SSP2

• Today (2025): 21,018 people
• By 2030: 19,693 · -6.3%
• By 2040: 16,793 · -20.1%
• By 2050: 14,171 · -32.6%
• By 2075: 9,804 · -53.4%
• By 2100: 6,894 · -67.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (73%)
• Race & ethnicity: White 73% Black 23% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Slovak 1% German 1% Italian 1%
• Foreign-born: 0%

Political lean MEDSL · Martin

• 2024 margin: R (+10.3) · D 44.6% · R 54.9%
• 2008→2024 swing: -15.0pp toward R · 2008: 4.6pp · 2024: -10.3pp
• All cycles: 2024: R+10.3 2020: R+5.0 2016: R+0.5 2012: D+4.4 2008: D+4.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 9.48%
• Current HPI: 155.5151
• 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

+14.3% since first listed

7 events — show timeline

• 2026-05-18 Relisted — CANOPYMLS as Distributed by MLS Grid
• 2026-03-30 Relisted — CANOPYMLS as Distributed by MLS Grid
• 2026-03-02 Price Changed $79,900 CANOPYMLS as Distributed by MLS Grid
• 2026-02-25 Price Changed $84,900 CANOPYMLS as Distributed by MLS Grid
• 2026-01-24 Listed $89,900 CANOPYMLS as Distributed by MLS Grid
• 2016-11-30 Listing Removed — Hive MLS
• 2014-09-29 Listed $69,900 Hive MLS

Property tax history

-1.1%/yr

Latest (2025): $360 · -9.3% YoY. Source: county tax records.