14 Goodluck Dr · Lexington, NC 27292

$79,900

2 bd · 1.0 ba · 952 sqft · SingleFamily public records · 13 Days on market

Built 1945 0.27 ac lot Est $129k · 38% under

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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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.4/10.0
• Livability +3.6/5.0
• Rent growth +2.8/5.0
• Schools +2.8/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Cozy, in town investment property has been recently renovated. This 2 bedroom, 1 bath, single level home features Electric Heating and cooling unit, and recently plumbed to hook up to city water and sewer. Original Hardwood floors were refinished and give the home character. Rents well and would make a great addition to your portfolio. Appointment only.

Key facts

• Vinyl siding
• Manageable footprint
• 0.27 acre lot

Tags

• VINYL SIDING
• MANAGEABLE FOOTPRINT
• CUSTOMIZE AND ADD VALUE

Property features AI

Finance

• HOA & community: No homeowners association

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer; Electric water heater
• Home design: Residential stick/site-built house; One story; Built in 1945; Existing structure
• Construction: Vinyl siding exterior
• Exterior features: City lot; Lot dimensions approximately 75 x 157

Interior

• Bathrooms: One full bathroom
• Heating & cooling: Heating available via electric and natural gas; See remarks for additional heating details
• Interior features: Primary bedroom on the main level
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $412 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Cap rate 12.5% vs local median 3.5% in Lexington — 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 72/100 on livability (#89 in NC) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, health & safety A+; Watch: crime F, amenities D-, employment F.
• Lexington City Schools (suburban): math 32% / reading 38% proficiency, ranked #136 of 178 in NC (top 76%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 78% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Southwest Elementary Global Academy (math 40% / reading 37%, grade F, #750 of 1,410 statewide, top 54%, 375 students, 99% FRL); Lexington Middle School (math 31% / reading 41%, grade F, #273 of 475 statewide, top 58%, 647 students, 100% FRL); Lexington Senior High School (math 27% / reading 52%, grade F, #393 of 535 statewide, top 75%, 928 students, 99% FRL) — zoned schools average 99% FRL vs 78% district-wide (21 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.4%/yr); 403 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 990 units permitted in Davidson County in 2024 (54 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $552 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Davidson County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 1.4% rent growth), your $22k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 10y ago 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 $39k; list at $80k implies a 105% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1945 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $79,900

Questions for the listing agent

1. Built in 1945 — 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. 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: 1.44% ✓
• Cap rate: 12.48%
• Cash-on-cash: 22.10%
• DSCR: 1.98
• GRM: 5.8

CMA / ARV

• ARV (on-the-fly): $129,472
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
14 Goodluck Dr	0.00mi	2/1.0	961 (+1%)	0mo	$70,000	$73	98
207 Snider Ave	0.25mi	2/1.0	880 (-8%)	11mo	$204,000	$232	67
103 Harrington Ave	0.51mi	2/1.0	920 (-3%)	10mo	$155,000	$168	62
212 Mendota Ave	0.54mi	2/1.0	1,037 (+9%)	2mo	$75,000	$72	59
100 Hilton St	0.23mi	2/2.0	1,069 (+12%)	9mo	$202,000	$189	57
208 Mendota Ave	0.51mi	2/1.0	885 (-7%)	16mo	$120,000	$136	51
308 Carters Grove Rd	0.73mi	3/1.0 (+1)	902 (-5%)	7mo	$173,000	$192	46
117 Harrington Ave	0.56mi	2/1.0	904 (-5%)	23mo	$90,000	$100	46
408 Moore Dr	0.41mi	2/1.0	1,094 (+15%)	15mo	$80,000	$73	43
414 Moore Dr	0.42mi	3/1.0 (+1)	1,080 (+13%)	21mo	$185,000	$171	35
320 Kindley St	0.73mi	2/1.0	832 (-13%)	13mo	$80,000	$96	34
111 Foyell St	0.63mi	3/1.0 (+1)	1,050 (+10%)	22mo	$130,000	$124	30

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 · 1.37% rent growth · sell at horizon

5-year hold

• IRR: 13.1%
• Equity multiple: 1.51×
• Total profit: $11,426
• Equity at exit: $11,913

10-year hold

• IRR: 20.7%
• Equity multiple: 2.62×
• Total profit: $36,305
• Equity at exit: $6,908

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 27292

• Home prices YoY: -22.1%
• Rents YoY: 1.4%
• Active inventory: 403
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $1,151 high
• Mortgage (P&I): −$419
• Tax from tax record: −$45 /mo · $536/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$242
• Net cashflow: $412

Break-even live

Break-even rent $629

Max offer price $79,900

Occupancy floor 59%

Sensitivity live

Price	-10% $457	-5% $435	+0% $412	+5% $389	+10% $367
Rent	-10% $321	-5% $367	+0% $412	+5% $458	+10% $503
Rate	-1.0pp $452	-0.5pp $432	base $412	+0.5pp $391	+1.0pp $370

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: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
301 Williamson St Unit B Lexington, NC	2.0	1.0	896	$1,000	$1.12	25d	1	0.28mi
208 Bookington Dr Unit 214-C Lexington, NC	2.0	1.0	800	$825	$1.03	25d	1	0.70mi
9 Robbins Cir Lexington, NC	2.0	1.0	800	$1,150	$1.44	16d	1	0.93mi
706 Zane Perkins Dr Lexington, NC	2.0	1.5	700	$1,200	$1.71	20d	1	0.93mi
519 Leonford St Lexington, NC	2.0	1.0	867	$1,000	$1.15	25d	1	1.06mi
137 Crest Cir Unit B Lexington, NC	2.0	1.0	855	$1,150	$1.35	25d	1	1.17mi
100 Regents Center Ct Lexington, NC	1.0–3.0	1.0–2.0	1077	$1,500	$1.39	0d	20	1.18mi
100 Regents Center Ct Lexington, NC	1.0–3.0	1.0–2.0	1077	$1,500	$1.39	3d	21	1.18mi
812 Fairview Dr Apt 450A Lexington, NC	2.0	1.5	976	$1,450	$1.49	25d	1	1.27mi
812 Fairview Dr Apt 200D Lexington, NC	2.0	1.5	976	$1,249	$1.28	22d	1	1.27mi

Listing history 21 events

1. 2026-06-07
   status $79,900 Pending 13 DOM
2. 2026-06-05
   days on market $79,900 Due Diligence Period 13 DOM
3. 2026-06-03
   days on market $79,900 Due Diligence Period 12 DOM
4. 2026-06-02
   days on market $79,900 Due Diligence Period 11 DOM
5. 2026-06-01
   days on market $79,900 Due Diligence Period 10 DOM
6. 2026-05-31
   days on market $79,900 Due Diligence Period 9 DOM
7. 2026-05-31
   days on market $79,900 Due Diligence Period 8 DOM
8. 2026-05-22
   listed $79,900 Active
9. 2018-08-03
   soldstatus $39,000
10. 2017-10-25
    status Pending 355-char remark

    Show marketing remark (355 chars)

    Cozy, in town investment property has been recently renovated. This 2 bedroom, 1 bath, single level home features Electric Heating and cooling unit, and recently plumbed to hook up to city water and sewer. Original Hardwood floors were refinished and give the home character. Rents well and would make a great addition to your portfolio. Appointment only.

11. 2017-10-23
    soldstatus $28,000 Sold 355-char remark

    Show marketing remark (355 chars)

    Cozy, in town investment property has been recently renovated. This 2 bedroom, 1 bath, single level home features Electric Heating and cooling unit, and recently plumbed to hook up to city water and sewer. Original Hardwood floors were refinished and give the home character. Rents well and would make a great addition to your portfolio. Appointment only.

12. 2017-08-11
    price $34,900 355-char remark

    Show marketing remark (355 chars)

    Cozy, in town investment property has been recently renovated. This 2 bedroom, 1 bath, single level home features Electric Heating and cooling unit, and recently plumbed to hook up to city water and sewer. Original Hardwood floors were refinished and give the home character. Rents well and would make a great addition to your portfolio. Appointment only.

13. 2017-07-24
    price $39,900 355-char remark

    Show marketing remark (355 chars)

    Cozy, in town investment property has been recently renovated. This 2 bedroom, 1 bath, single level home features Electric Heating and cooling unit, and recently plumbed to hook up to city water and sewer. Original Hardwood floors were refinished and give the home character. Rents well and would make a great addition to your portfolio. Appointment only.

14. 2017-07-05
    listed $44,900 Active 355-char remark

    Show marketing remark (355 chars)

    Cozy, in town investment property has been recently renovated. This 2 bedroom, 1 bath, single level home features Electric Heating and cooling unit, and recently plumbed to hook up to city water and sewer. Original Hardwood floors were refinished and give the home character. Rents well and would make a great addition to your portfolio. Appointment only.

15. 2016-06-08
    soldstatus $15,000 Sold 212-char remark

    Show marketing remark (212 chars)

    Cute Vinyl Sided Ranch with Open Front Porch and Enclosed Rear Porch, Driveway Parking on Paved Road Frontage. Nice yard with Mature Landscaping. Huge Walk in closet off Bedroom. Great City of Lexington Location.

16. 2016-05-27
    status Due Diligence Period 212-char remark

    Show marketing remark (212 chars)

    Cute Vinyl Sided Ranch with Open Front Porch and Enclosed Rear Porch, Driveway Parking on Paved Road Frontage. Nice yard with Mature Landscaping. Huge Walk in closet off Bedroom. Great City of Lexington Location.

17. 2016-05-24
    price $17,500 212-char remark

    Show marketing remark (212 chars)

    Cute Vinyl Sided Ranch with Open Front Porch and Enclosed Rear Porch, Driveway Parking on Paved Road Frontage. Nice yard with Mature Landscaping. Huge Walk in closet off Bedroom. Great City of Lexington Location.

18. 2016-04-20
    listed $22,900 Active 212-char remark

    Show marketing remark (212 chars)

    Cute Vinyl Sided Ranch with Open Front Porch and Enclosed Rear Porch, Driveway Parking on Paved Road Frontage. Nice yard with Mature Landscaping. Huge Walk in closet off Bedroom. Great City of Lexington Location.

19. 2000-06-01
    soldstatus $53,000
20. 2000-06-01
    soldstatus $22,000
21. 2000-06-01
    soldstatus $53,000

ⓘ 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: $536 · $45/mo
• Projected year-2 tax: $655 · $55/mo
• Expected delta: +$119/yr (+$10/mo · 22.2%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥104°F today · 17 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 12% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,809
• − Mortgage interest: −$4,476
• − Property taxes: −$536
• − Insurance: −$400
• − Repairs & maintenance: −$1,105
• − Management: −$1,105
• − Depreciation: −$2,324
• Taxable income: $3,864
• Est. tax owed @ 24.0%: −$927
• After-tax cash flow: $4,018/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: Lexington City Schools
• NCES district ID: 3702640
• Math proficiency: 32% ▲ 3.00%
• Reading proficiency: 38% ▲ 6.00%
• Median HH income: $27,758
• Composite: 28.2/100
• National rank: #6807
• State rank: #136 of 178 in NC

Livability — Lexington

• Score: 72/100
• State rank: #89
• US rank: #6051

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lexington, NC
• County: Davidson County · 129,088 people
• City population: 79,578
• Metro: Winston-Salem, NC
• Population (ZIP): 40,311
• Household income: $57,264
• Rent vs Own: 29.8% rent · 70.2% own
• Severe rent burden: 1001.0

Population outlook (Davidson County) Hauer SSP2

• Today (2025): 167,156 people
• By 2030: 167,216 · +0.0%
• By 2040: 164,524 · -1.6%
• By 2050: 157,229 · -5.9%
• By 2075: 138,084 · -17.4%
• By 2100: 112,729 · -32.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Black 13% Two or more races 9% Hispanic / Latino 9% Asian 2%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Romanian 1% Slovak 1% Serbian 1%
• Foreign-born: 5% · Canada, Vietnam
• Languages at home: 91% English-only · Spanish 8%

Political lean MEDSL · Davidson

• 2024 margin: Solid R (+47.1) · D 25.9% · R 73.0% · Other 1.1%
• 2008→2024 swing: -13.5pp toward R · 2008: -33.5pp · 2024: -47.1pp
• All cycles: 2024: R+47.1 2020: R+47.5 2016: R+49.4 2012: R+40.9 2008: R+33.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -75.79%
• Current HPI: 267.074
• Rent YoY: ▲ 1.37%
• Metro: Winston-Salem, NC
• 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

+50.8% since first listed

14 events — show timeline

• 2026-05-22 Listed $79,900 Triad MLS
• 2018-08-03 Sold (Public Records) $39,000 Public Records
• 2017-10-25 Pending — Triad MLS
• 2017-10-23 Sold (MLS) $28,000 Triad MLS
• 2017-08-11 Price Changed $34,900 Triad MLS
• 2017-07-24 Price Changed $39,900 Triad MLS
• 2017-07-05 Listed $44,900 Triad MLS
• 2016-06-08 Sold (MLS) $15,000 Triad MLS
• 2016-05-27 Pending — Triad MLS
• 2016-05-24 Price Changed $17,500 Triad MLS
• 2016-04-20 Listed $22,900 Triad MLS
• 2000-06-01 Sold (Public Records) $53,000 Public Records
• 2000-06-01 Sold (Public Records) $22,000 Public Records
• 2000-06-01 Sold (Public Records) $53,000 Public Records

Property tax history

-0.3%/yr

Latest (2025): $536 · +0.0% YoY. Source: county tax records.