1055 Zack Dr · Pilot Mountain, NC 27041

$119,000

3 bd · 2.0 ba · 1,218 sqft · SingleFamily public records · 38 Days on market

Built 1993 Fair condition 1.02 ac lot

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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 +12.9/30.0
• ARV discount +7.5/15.0
• Schools +4.0/10.0
• DSCR +3.9/10.0
• 1% rule +3.7/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This mobile home offers a full length covered front porch with a nice, attached garage. It occupies a grassy lot which backs up to the woods. The lot is a portion of 5.88 acres and at least 1 acre will need to be surveyed out by the buyer. There is currently a shared well with a deeded easement recorded with the county. The heat pump was installed in September 2024. Cash offers are likely for this home unless buyer wants to try to find the serial number on the frame of the home. It offers 2 bedrooms and bonus room, 2 baths.

Key facts

• End of road private
• Manicured yard
• 1.02 acre lot

Tags

• FULL-LENGTH FRONT PORCH
• MANICURED YARD
• END OF ROAD PRIVATE

Property features AI

Finance

• HOA & community: No association

Exterior

• Parking: Attached garage with 2 spaces
• Security: Security lights; Smoke detectors
• Utilities: Public water; Private sewer; Electric water heater; Private maintained road
• Home design: Manufactured home (single wide); One story; Built in 1993; Existing structure
• Construction: Vinyl siding; Crawl space foundation
• Exterior features: Garden; Cable available; Dead-end lot

Interior

• Kitchen: Dishwasher
• Bedrooms: Primary on main
• Bathrooms: 2 full bathrooms
• Heating & cooling: Heat pump (electric); Central air conditioning
• Interior features: Built-in features; Ceiling fans; Soaking tub; Primary bedroom on main level; See remarks
• Laundry & utility: Washer hookup; Dryer connection on main level; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $119k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $-8 ($-97/yr) — negative.
• To cash-flow at today's rent, offer at most $118k (1.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $103k (13.4% below list).
• Recommended offer: $103k (13.4% below list) — sets the bar for 1% rule.
• Cap rate 6.2% vs local median 2.2% in Pilot Mountain — 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 65/100 on livability (#309 in NC) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+; Watch: schools D+, amenities F, commute F.
• 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.
• Market conditions: 55 active listings in the ZIP; 230 units permitted in Stokes County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $823 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Stokes County population projected at -26% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($115k) is reasonable based on typical stale-listing flexibility.
• 3 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.
• Current owner paid $78k; list at $119k implies a 53% gain — meaningful room to come down on a strong offer.

Recommended offer $103,072 (13.4% 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 38 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
3. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.87% ✗
• Cap rate: 6.21%
• Cash-on-cash: -0.29%
• DSCR: 0.99
• GRM: 9.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -16.8%
• Equity multiple: 0.41×
• Total profit: $-19,784
• Equity at exit: $17,743

10-year hold

• IRR: -8.6%
• Equity multiple: 0.46×
• Total profit: $-17,830
• Equity at exit: $10,289

Cash invested: $33,320 (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 →

ZIP-level market 27041

• Home prices YoY: -5.0%
• Active inventory: 55
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $1,031 medium
• Mortgage (P&I): −$624
• Tax est. 1.5%: −$149 /mo · $1,785/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$216
• Net cashflow: $-8

Break-even live

Break-even rent $1,041

Max offer price $117,826

Occupancy floor 96%

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: $29,750
• Closing costs: $3,570
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-17
   status $119,000 Pending 38 DOM
2. 2026-06-16
   days on market $119,000 Due Diligence Period 38 DOM
3. 2026-06-15
   days on market $119,000 Due Diligence Period 37 DOM
4. 2026-06-14
   days on market $119,000 Due Diligence Period 35 DOM
5. 2026-06-12
   days on market $119,000 Due Diligence Period 34 DOM
6. 2026-06-09
   days on market $119,000 Due Diligence Period 31 DOM
7. 2026-06-08
   days on market $119,000 Due Diligence Period 30 DOM
8. 2026-06-07
   days on market $119,000 Due Diligence Period 29 DOM
9. 2026-06-05
   days on market $119,000 Due Diligence Period 26 DOM
10. 2026-06-02
    days on market $119,000 Due Diligence Period 24 DOM
11. 2026-06-01
    days on market $119,000 Due Diligence Period 23 DOM
12. 2026-05-31
    days on market $119,000 Due Diligence Period 22 DOM
13. 2026-05-30
    statusdays on market $119,000 Due Diligence Period 21 DOM
14. 2026-05-21
    price $119,000
15. 2026-05-11
    status Active
16. 2026-05-08
    historical
17. 2026-05-06
    listed $124,000 Active
18. 2025-05-27
    soldstatus $78,000 Closed 530-char remark

    Show marketing remark (530 chars)

    This mobile home offers a full length covered front porch with a nice, attached garage. It occupies a grassy lot which backs up to the woods. The lot is a portion of 5.88 acres and at least 1 acre will need to be surveyed out by the buyer. There is currently a shared well with a deeded easement recorded with the county. The heat pump was installed in September 2024. Cash offers are likely for this home unless buyer wants to try to find the serial number on the frame of the home. It offers 2 bedrooms and bonus room, 2 baths.

19. 2025-05-24
    status Pending 530-char remark

    Show marketing remark (530 chars)

    This mobile home offers a full length covered front porch with a nice, attached garage. It occupies a grassy lot which backs up to the woods. The lot is a portion of 5.88 acres and at least 1 acre will need to be surveyed out by the buyer. There is currently a shared well with a deeded easement recorded with the county. The heat pump was installed in September 2024. Cash offers are likely for this home unless buyer wants to try to find the serial number on the frame of the home. It offers 2 bedrooms and bonus room, 2 baths.

20. 2025-04-24
    historical Due Diligence Period 530-char remark

    Show marketing remark (530 chars)

    This mobile home offers a full length covered front porch with a nice, attached garage. It occupies a grassy lot which backs up to the woods. The lot is a portion of 5.88 acres and at least 1 acre will need to be surveyed out by the buyer. There is currently a shared well with a deeded easement recorded with the county. The heat pump was installed in September 2024. Cash offers are likely for this home unless buyer wants to try to find the serial number on the frame of the home. It offers 2 bedrooms and bonus room, 2 baths.

21. 2025-04-23
    price $80,000 530-char remark

    Show marketing remark (530 chars)

    This mobile home offers a full length covered front porch with a nice, attached garage. It occupies a grassy lot which backs up to the woods. The lot is a portion of 5.88 acres and at least 1 acre will need to be surveyed out by the buyer. There is currently a shared well with a deeded easement recorded with the county. The heat pump was installed in September 2024. Cash offers are likely for this home unless buyer wants to try to find the serial number on the frame of the home. It offers 2 bedrooms and bonus room, 2 baths.

22. 2025-04-02
    listed $90,000 Active 530-char remark

    Show marketing remark (530 chars)

    This mobile home offers a full length covered front porch with a nice, attached garage. It occupies a grassy lot which backs up to the woods. The lot is a portion of 5.88 acres and at least 1 acre will need to be surveyed out by the buyer. There is currently a shared well with a deeded easement recorded with the county. The heat pump was installed in September 2024. Cash offers are likely for this home unless buyer wants to try to find the serial number on the frame of the home. It offers 2 bedrooms and bonus room, 2 baths.

ⓘ 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: $12,369
• − Mortgage interest: −$6,666
• − Property taxes: −$1,785
• − Insurance: −$595
• − Repairs & maintenance: −$989
• − Management: −$989
• − Depreciation: −$3,462
• Taxable loss: −$2,118
• Est. tax savings @ 24.0%: +$508
• After-tax cash flow: $411/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 · 12 photos

Fair 45/100 Moderate rehab

This home requires moderate renovations to its kitchen and bathrooms, as well as some landscaping improvements. The heat pump is new, but the overall condition is fair and could be improved with some cosmetic updates.

Repairs flagged

• Moderate kitchen cabinets — dated and in need of replacement
• Moderate bathroom fixtures — dated and in need of replacement
• Moderate paint — peeling and in need of touch-up
• Moderate windows — old and in need of replacement

Value-add opportunities

• Resale kitchen renovation — modernizing the kitchen would significantly increase the home's appeal
• Resale bathroom renovation — modernizing the bathrooms would significantly increase the home's appeal
• Both landscaping — improving the landscaping would increase both resale and rental value

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · dated and in need of replacement	Moderate	$3,000–15,000
bathroom fixtures · dated and in need of replacement	Moderate	$3,000–15,000
paint · peeling and in need of touch-up	Moderate	$3,000–15,000
windows · old and in need of replacement	Moderate	$3,000–15,000
Total estimated repair cost · 4 items		$12,000–60,000

Value-add ROI direction

• Resale kitchen renovation — modernizing the kitchen would significantly increase the home's appeal ↑
• Resale bathroom renovation — modernizing the bathrooms would significantly increase the home's appeal ↑
• Both landscaping — improving the landscaping would increase both resale and rental value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — Pilot Mountain

• Score: 65/100
• State rank: #309
• US rank: #12831

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 7,506

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 (91%)
• Race & ethnicity: White 91% Black 5% Hispanic / Latino 2% Two or more races 2%
• Common ancestry: Serbian 4% Lithuanian 3% Italian 2%
• Foreign-born: 5% · Canada
• Languages at home: 94% English-only · French/Haitian/Cajun 3% Spanish 2%

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: ▼ -11.23%
• Current HPI: 212.7113
• 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

+32.2% since first listed

9 events — show timeline

• 2026-05-21 Price Changed $119,000 Triad MLS
• 2026-05-11 Relisted — Triad MLS
• 2026-05-08 Delisted — Triad MLS
• 2026-05-06 Listed $124,000 Triad MLS
• 2025-05-27 Sold (MLS) $78,000 Triad MLS
• 2025-05-24 Pending — Triad MLS
• 2025-04-24 Contingent — Triad MLS
• 2025-04-23 Price Changed $80,000 Triad MLS
• 2025-04-02 Listed $90,000 Triad MLS