The Bradley Plan · Sanford, NC 27332

$276,990

3 bd · 2.0 ba · 1,679 sqft · SingleFamily · 88 Days on market

Good condition

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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 +7.5/15.0
• Cash flow +5.9/30.0
• Schools +3.9/10.0
• Condition / age +3.8/5.0
• Rent growth +3.7/5.0
• Livability +3.6/5.0
• 1% rule +1.3/10.0
• DSCR +0.3/10.0
• Appreciation +0.0/10.0

Listing remarks

The Bradley packs a lot of living space into a popular ranch layout, including an open living area with access to a covered patio for effortless indoor/outdoor entertaining and a private owner's suite separated from two secondary bedrooms. The optional extended family room expands living space downstairs, and an optional second-floor addition (included in some locations) expands living space above the garage to offer a fourth bedroom and full bath en suite. Explore your choices for the Bradley kitchen using our Interactive Kitchen Designer Tool. https://myhome. anewgo.

Key facts

• Open living area
• Covered patio
• Full bath en suite

Tags

• OPEN LIVING AREA
• COVERED PATIO
• PRIVATE OWNER'S SUITE
• OPTIONAL EXTENDED FAMILY ROOM
• FOURTH BEDROOM
• FULL BATH EN SUITE

🏗️ New construction. The $276,990 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $301,145.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $277k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-586 ($-7k/yr) — negative.
• To cash-flow at today's rent, offer at most $216k (21.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $189k (31.7% below list).
• Recommended offer: $189k (31.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 72/100 on livability (#92 in NC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment D, crime D-, commute F.
• Lee County Schools (rural): math 31% / reading 39% proficiency, ranked #131 of 178 in NC (top 74%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Tramway Elementary (math 45% / reading 47%, grade D-, #551 of 1,410 statewide, top 40%, 545 students, 47% FRL); Sanlee Middle School (math 32% / reading 43%, grade F, #256 of 475 statewide, top 55%, 809 students, 70% FRL); Southern Lee High School (math 43% / reading 46%, grade F, #352 of 535 statewide, top 68%, 1,234 students, 61% FRL) — zoned schools at 59% FRL track the district average.
• Market conditions: Rents rising fast (+4.9%/yr); 634 active listings in the ZIP; solid renter incomes; 602 units permitted in Lee County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• Lee County population projected at +8% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 88 days — a 6% lower offer ($260k) is reasonable based on typical stale-listing flexibility.

Recommended offer $189,300 (31.7% 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 88 days. Have you received any prior offers? Is the seller open to a 32% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. Crime grade is D 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?
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: 0.63% ✗
• Cap rate: 3.96%
• Cash-on-cash: -8.33%
• DSCR: 0.63
• GRM: 13.3

CMA / ARV

• ARV (median comp): $301,145
• List price: $276,990
• Delta: -8.02%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
228 Glendale Cir	0.21mi	3/2.0	1,745 (+4%)	2mo	$330,000	$189	82
221 Fig Ct	0.12mi	3/2.5	1,557 (-7%)	6mo	$304,900	$196	75
346 Troy Dr	0.06mi	3/2.5	1,511 (-10%)	7mo	$308,900	$204	73
534 Troy Dr	0.37mi	3/2.0	1,502 (-10%)	2mo	$315,000	$210	64
3002 Kendale Dr	0.40mi	3/1.5	1,550 (-8%)	5mo	$238,000	$154	62
115 Port Charlotte Ct	0.51mi	4/2.5 (+1)	1,681 (+0%)	10mo	$270,000	$161	61
391 St Andrews Church Rd	0.63mi	3/2.0	1,736 (+3%)	9mo	$342,500	$197	57
125 St James Way	0.74mi	3/2.0	1,732 (+3%)	5mo	$317,000	$183	56
366 Tormore Dr	0.58mi	3/2.0	1,502 (-10%)	3mo	$295,000	$196	53
4101 Carson Dr	0.71mi	3/2.0	1,437 (-14%)	6mo	$292,000	$203	38
215 Faith Ave	0.75mi	3/2.5	1,929 (+15%)	5mo	$315,000	$163	34
235 Faith Ave	0.72mi	3/2.5	1,929 (+15%)	6mo	$315,000	$163	34

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 · 4.87% rent growth · sell at horizon

5-year hold

• IRR: -28.9%
• Equity multiple: 0.02×
• Total profit: $-82,444
• Equity at exit: $44,902

10-year hold

• IRR: -22.6%
• Equity multiple: -0.24×
• Total profit: $-104,239
• Equity at exit: $26,037

Cash invested: $84,320 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 72 active · 12 under contract
• Months of supply: 22.7 mo (4%/mo absorbed)
• Median asking: $291,990 ($159/sqft)
• Median days on market: 70 d
• This list price: 46% of active listings are priced below it
• ARV vs active asking: +12.5% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 27332

• Home prices YoY: -17.8%
• Rents YoY: 4.9%
• Active inventory: 634
• Price-to-rent: 12.2×

Monthly cashflow live

• Estimated rent: $1,893 medium
• Mortgage (P&I): −$1,579
• Tax est. 1.5%: −$376 /mo · $4,517/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$398
• Net cashflow: $-586

Break-even live

Break-even rent $2,634

Max offer price $216,397

Occupancy floor —

Sensitivity live

Price	-10% $-378	-5% $-482	+0% $-586	+5% $-690	+10% $-794
Rent	-10% $-735	-5% $-660	+0% $-586	+5% $-511	+10% $-436
Rate	-1.0pp $-434	-0.5pp $-509	base $-586	+0.5pp $-664	+1.0pp $-743

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: $75,286
• Closing costs: $9,034
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Property features AI

Finance

• Other: Address: 2919 Lemon Springs Dr, Sanford NC 27332Status: ActiveLast modified: 2026-05-22
• Financial info: Listing price $286,900

Exterior

• Parking: 2 parking spaces
• Utilities: Natural gasElectricCentral air
• Home design: Single-family home (plan inventory)
• Exterior features: Living area approximately 1679

Interior

• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Natural gas heatingElectric heatingHeat pumpCentral air conditioning
• Interior features: Plan: The Bradley

Listing history 50 events

1. 2026-08-08
   days on market $276,990 Active 88 DOM
2. 2026-08-07
   days on market $276,990 Active 87 DOM
3. 2026-08-06
   days on market $276,990 Active 86 DOM
4. 2026-08-05
   days on market $276,990 Active 85 DOM
5. 2026-08-04
   days on market $276,990 Active 84 DOM
6. 2026-08-03
   days on market $276,990 Active 83 DOM
7. 2026-07-31
   days on market $276,990 Active 80 DOM
8. 2026-07-30
   pricedays on market $276,990 Active 79 DOM
9. 2026-07-29
   days on market $276,900 Active 78 DOM
10. 2026-07-27
    days on market $276,900 Active 76 DOM
11. 2026-07-25
    days on market $276,900 Active 74 DOM
12. 2026-07-23
    days on market $276,900 Active 72 DOM
13. 2026-07-22
    days on market $276,900 Active 71 DOM
14. 2026-07-21
    days on market $276,900 Active 70 DOM
15. 2026-07-18
    days on market $276,900 Active 67 DOM
16. 2026-07-16
    days on market $276,900 Active 65 DOM
17. 2026-07-16
    days on market $276,900 Active 64 DOM
18. 2026-07-14
    days on market $276,900 Active 63 DOM
19. 2026-07-13
    days on market $276,900 Active 62 DOM
20. 2026-07-12
    days on market $276,900 Active 61 DOM
21. 2026-07-11
    days on market $276,900 Active 60 DOM
22. 2026-07-10
    days on market $276,900 Active 59 DOM
23. 2026-07-09
    days on market $276,900 Active 58 DOM
24. 2026-07-08
    days on market $276,900 Active 57 DOM
25. 2026-07-07
    days on market $276,900 Active 56 DOM
26. 2026-07-06
    days on market $276,900 Active 55 DOM
27. 2026-07-05
    days on market $276,900 Active 54 DOM
28. 2026-07-04
    days on market $276,900 Active 53 DOM
29. 2026-07-03
    days on market $276,900 Active 52 DOM
30. 2026-07-02
    days on market $276,900 Active 51 DOM
31. 2026-07-01
    days on market $276,900 Active 50 DOM
32. 2026-06-30
    days on market $276,900 Active 49 DOM
33. 2026-06-29
    days on market $276,900 Active 48 DOM
34. 2026-06-28
    days on market $276,900 Active 47 DOM
35. 2026-06-28
    days on market $276,900 Active 46 DOM
36. 2026-06-27
    days on market $276,900 Active 45 DOM
37. 2026-06-26
    pricedays on market $276,900 Active 44 DOM
38. 2026-06-23
    days on market $286,900 Active 41 DOM
39. 2026-06-21
    days on market $286,900 Active 40 DOM
40. 2026-06-19
    days on market $286,900 Active 38 DOM
41. 2026-06-18
    days on market $286,900 Active 37 DOM
42. 2026-06-17
    days on market $286,900 Active 36 DOM
43. 2026-06-16
    days on market $286,900 Active 35 DOM
44. 2026-06-15
    days on market $286,900 Active 34 DOM
45. 2026-06-14
    days on market $286,900 Active 32 DOM
46. 2026-06-13
    days on market $286,900 Active 31 DOM
47. 2026-06-10
    days on market $286,900 Active 29 DOM
48. 2026-06-09
    days on market $286,900 Active 28 DOM
49. 2026-06-08
    days on market $286,900 Active 27 DOM
50. 2026-06-07
    days on market $286,900 Active 26 DOM

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

Taxation est. · year 1

• Rental income: $22,716
• − Mortgage interest: −$16,869
• − Property taxes: −$4,517
• − Insurance: −$1,506
• − Repairs & maintenance: −$1,817
• − Management: −$1,817
• − Depreciation: −$8,761
• Taxable loss: −$12,571
• Est. tax savings @ 24.0%: +$3,017
• After-tax cash flow: $-4,011/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.

Condition & rehab AI · 6 photos

Good 75/100 Cosmetic rehab Est. rehab $8,395–$25,185 screening

The Bradley Plan is in good condition with a good exterior and interior. It has a good curb appeal and is move-in ready. Some updates to the exterior and interior can further increase its value.

Value-add opportunities

• Both Painting the exterior — Fresh paint can enhance the curb appeal and increase the home's value. ↑
• Both Landscaping improvements — A well-maintained garden can improve the home's curb appeal and attract potential buyers. ↑
• Resale Interior updates — Updating the interior can make the home more appealing to potential buyers and increase its resale value. ↑
• Rental HVAC maintenance — A well-maintained HVAC system can attract tenants and increase rental income. ↑
• Both Kitchen and bathroom updates — Updating the kitchen and bathrooms can make the home more appealing to potential buyers and increase its value. ↑
• Both Landscaping improvements — A well-maintained garden can improve the home's curb appeal and attract potential buyers. ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 39/100

Zoned Schools

Elementary J Glenn Edwards Elementary F NC #825/1,410 Nat'l #22,904/41,679 Middle Sanlee Middle School F NC #256/475 Nat'l #6,708/14,009 High Southern Lee High School F NC #352/535 Nat'l #6,890/17,239

Schools (NCES district)

• District: Lee County Schools
• NCES district ID: 3702560
• Math proficiency: 31% ▼ -6.00%
• Reading proficiency: 39% ▬ 0.00%
• Median HH income: $45,300
• Composite: 29.87/100
• National rank: #6403
• State rank: #131 of 178 in NC

B Composite livability gradescore 72/100

Livability — Sanford

• Score: 72/100
• State rank: #92
• US rank: #6134

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Sanford, NC
• County: Lee County · 63,008 people
• City population: 76,725
• Metro: Sanford, NC
• Population (ZIP): 36,947
• Household income: $78,447
• Rent vs Own: 25.0% rent · 75.0% own
• Severe rent burden: 8% of renters

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Population outlook (Lee County) Hauer SSP2

• Today (2025): 63,008 people
• By 2030: 64,443 · +2.3%
• By 2040: 66,898 · +6.2%
• By 2050: 68,310 · +8.4%
• By 2075: 70,920 · +12.6%
• By 2100: 70,402 · +11.7%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 59% Hispanic / Latino 19% Black 16% Two or more races 11% Asian 1%
• Hispanic origin (detail): Mexican 9% Puerto Rican 4% Cuban 2%
• Common ancestry: Serbian 2% Italian 2% Slovak 2%
• Foreign-born: 8% · Canada, South Korea
• Languages at home: 82% English-only · Spanish 15%

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Political lean MEDSL · Lee

• 2024 margin: R (+17.5) · D 40.8% · R 58.3%
• 2008→2024 swing: -9.1pp toward R · 2008: -8.4pp · 2024: -17.5pp
• All cycles: 2024: R+17.5 2020: R+14.9 2016: R+13.2 2012: R+10.2 2008: R+8.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -54.61%
• Current HPI: 252.2719
• Rent YoY: ▲ 4.87%
• Metro: Sanford, NC
• State GDP YoY: ▲ 3.28%
• F500 in state: 26

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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

Property features AI

Finance

• Other: Address: 2919 Lemon Springs Dr, Sanford NC 27332Status: ActiveLast modified: 2026-05-22
• Financial info: Listing price $286,900

Exterior

• Parking: 2 parking spaces
• Utilities: Natural gasElectricCentral air
• Home design: Single-family home (plan inventory)
• Exterior features: Living area approximately 1679

Interior

• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Natural gas heatingElectric heatingHeat pumpCentral air conditioning
• Interior features: Plan: The Bradley