3679 Meadowbrook Dr · Trinity, NC 27370

$213,000

3 bd · 2.0 ba · 1,440 sqft · Manufactured public records · 17 Days on market

Built 1998 0.48 ac lot Est $252k · 15% under

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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 +15.2/30.0
• ARV discount +14.5/15.0
• DSCR +4.7/10.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• 1% rule +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Come check out this large manufactured home on almost a half acre lot! Recent renovations include paint, flooring, bathroom fixtures and more! This home offers 3 bedrooms and a bonus room with a closet! 3 bedroom septic has been freshly pumped and ready to go! Schedule your showing today, before this one is gone! Agent has ownership interest.

Key facts

• Open-concept design
• Large kitchen
• Updated home

Tags

• UPDATED HOME
• HALF AN ACRE
• VERSATILE BONUS ROOM
• LARGE KITCHEN
• ABUNDANT CABINET SPACE
• OPEN-CONCEPT DESIGN

Property features AI

Finance

• Other: Property type: Residential; Property subtype: Manufactured Home; Structure type: Manufactured House; Lot size approximately 0.48 acres; Total building area 1,440; Single level; Directions: Hwy 62 in Trinity to Meadowbrook Rd
• HOA & community: No homeowners association

Exterior

• Parking: Driveway; Detached carport
• Utilities: Septic tank sewer; Electric water heater
• Home design: Manufactured home (double wide); One story; Built in 1998; Existing structure; Living room fireplace
• Construction: Vinyl siding; Shallow foundation (crawl space)
• Exterior features: Public-maintained road; Public water

Interior

• Flooring: Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Heat pump heating and cooling; Electric heating
• Interior features: Vinyl flooring; Crawl space basement
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $213k.

Deal economics

• At list price, monthly cash flow is $9 ($105/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 $175k (18.0% below list).
• Recommended offer: $175k (18.0% below list) — sets the bar for 1% rule.
• Cap rate 6.7% vs local median 3.4% in Trinity — 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 69/100 on livability (#161 in NC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D, amenities F, commute F.
• Randolph County School System (rural): math 43% / reading 43% proficiency, ranked #94 of 178 in NC (top 53%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 117 active listings in the ZIP; 789 units permitted in Randolph County in 2024 (168 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Randolph County population projected to shrink 10% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($210k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y 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.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $174,742 (18.0% below list)

Questions for the listing agent

1. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. 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?
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: 0.82% ✗
• Cap rate: 6.72%
• Cash-on-cash: 1.51%
• DSCR: 1.07
• GRM: 10.2

CMA / ARV

• ARV (on-the-fly): $252,000
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3425 Marie Dr	0.62mi	3/2.0	1,600 (+11%)	16mo	$280,250	$175	39

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -16.0%
• Equity multiple: 0.43×
• Total profit: $-33,992
• Equity at exit: $31,759

10-year hold

• IRR: -7.7%
• Equity multiple: 0.51×
• Total profit: $-29,023
• Equity at exit: $18,416

Cash invested: $59,640 (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 27370

• Home prices YoY: -9.9%
• Active inventory: 117
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $1,747 medium
• Mortgage (P&I): −$1,117
• Tax from tax record: −$99 /mo · $1,194/yr
• Insurance: −$89
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$367
• Net cashflow: $9

Break-even live

Break-even rent $1,736

Max offer price $213,000

Occupancy floor 94%

Sensitivity live

Price	-10% $129	-5% $69	+0% $9	+5% $-52	+10% $-112
Rent	-10% $-129	-5% $-60	+0% $9	+5% $78	+10% $147
Rate	-1.0pp $116	-0.5pp $63	base $9	+0.5pp $-46	+1.0pp $-103

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: $53,250
• Closing costs: $6,390
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-06-18
   days on market $213,000 Active 17 DOM
2. 2026-06-17
   price $213,000 Active 16 DOM
3. 2026-06-17
   days on market $215,000 Active 16 DOM
4. 2026-06-16
   days on market $215,000 Active 15 DOM
5. 2026-06-15
   days on market $215,000 Active 14 DOM
6. 2026-06-14
   days on market $215,000 Active 12 DOM
7. 2026-06-10
   days on market $215,000 Active 9 DOM
8. 2026-06-09
   days on market $215,000 Active 8 DOM
9. 2026-06-08
   days on market $215,000 Active 7 DOM
10. 2026-06-07
    days on market $215,000 Active 6 DOM
11. 2026-06-05
    days on market $215,000 Active 3 DOM
12. 2026-06-03
    days on market $215,000 Active 2 DOM
13. 2026-06-02
    remarks 699-char remark
14. 2026-06-02
    listed $215,000 Active 1 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: $1,194 · $99/mo
• Projected year-2 tax: $1,747 · $146/mo
• Expected delta: +$553/yr (+$46/mo · 46.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥104°F today · 17 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 16% 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: $20,969
• − Mortgage interest: −$11,931
• − Property taxes: −$1,194
• − Insurance: −$1,862
• − Repairs & maintenance: −$1,678
• − Management: −$1,678
• − Depreciation: −$6,196
• Taxable loss: −$3,570
• Est. tax savings @ 24.0%: +$857
• After-tax cash flow: $962/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: Randolph County School System
• NCES district ID: 3703780
• Math proficiency: 43% ▲ 1.00%
• Reading proficiency: 43% ▲ 2.00%
• Median HH income: $43,490
• Composite: 36.37/100
• National rank: #4686
• State rank: #94 of 178 in NC

Livability — Trinity

• Score: 69/100
• State rank: #161
• US rank: #8823

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Trinity, NC
• Population (ZIP): 15,223

Population outlook (Randolph County) Hauer SSP2

• Today (2025): 142,640 people
• By 2030: 140,911 · -1.2%
• By 2040: 135,692 · -4.9%
• By 2050: 128,575 · -9.9%
• By 2075: 111,507 · -21.8%
• By 2100: 93,376 · -34.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Hispanic / Latino 5% Two or more races 3% Black 2% Asian 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Serbian 5% Slovak 5% Iranian 3%
• Foreign-born: 1% · Canada
• Languages at home: 96% English-only · Spanish 3% Tagalog/Filipino 1%

Political lean MEDSL · Randolph

• 2024 margin: Solid R (+57.2) · D 21.0% · R 78.3%
• 2008→2024 swing: -15.0pp toward R · 2008: -42.3pp · 2024: -57.2pp
• All cycles: 2024: R+57.2 2020: R+56.3 2016: R+56.7 2012: R+50.2 2008: R+42.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -26.61%
• Current HPI: 242.2984
• 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

+184.8% since first listed

17 events — show timeline

• 2026-06-01 Listed $215,000 Triad MLS
• 2024-11-12 Sold (MLS) $189,900 CANOPYMLS as Distributed by MLS Grid
• 2024-10-28 Contingent — CANOPYMLS as Distributed by MLS Grid
• 2024-10-11 Sold (Public Records) $190,000 Public Records
• 2024-10-11 Sold (MLS) $189,900 Triad MLS
• 2024-10-09 Pending — Triad MLS
• 2024-09-18 Contingent — Triad MLS
• 2024-08-30 Price Changed $189,900 CANOPYMLS as Distributed by MLS Grid
• 2024-08-30 Price Changed $189,900 Triad MLS
• 2024-08-19 Price Changed $194,900 CANOPYMLS as Distributed by MLS Grid
• 2024-08-16 Price Changed $194,900 Triad MLS
• 2024-08-05 Listed $199,900 Triad MLS
• 2024-08-05 Listed $199,900 CANOPYMLS as Distributed by MLS Grid
• 2024-07-13 Price Changed $189,900 Triad MLS
• 2024-05-06 Sold (Public Records) $105,000 Public Records
• 2023-02-15 Price Changed $185,000 Triad MLS
• 2007-10-17 Sold (Public Records) $75,500 Public Records

Property tax history

+6.7%/yr

Latest (2025): $1,194 · +10.9% YoY. Source: county tax records.