101 Fairwood Ln · Greenville, NC 27834

$149,000

3 bd · 2.0 ba · 1,375 sqft · SingleFamily public records · 10 Days on market

Built 1972 0.33 ac lot Est $261k · 43% under

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Why this score? — see what drove the C+ 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 +21.7/30.0
• ARV discount +15.0/15.0
• DSCR +6.9/10.0
• 1% rule +5.4/10.0
• Rent growth +3.9/5.0
• Livability +3.9/5.0
• Schools +3.6/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

3 bedroom and 2 bath brick house with a study/office on a corner lot. Large master bedroom with walk-in closet, hardwood floors, kitchen with a back splash and stains steel appliances, roof replaced recently, large bathrooms and a lot more. new Heat/AC and energy efficient windows. Hurry or you might miss this one. Sold AS IS no exceptions! With a full price offer, seller is willing to provide $500 home warranty and $3,000 towards buyer expenses!!

Key facts

• Mature surroundings
• Convenient location
• Generous yard space

Tags

• CORNER LOT
• GENEROUS YARD SPACE
• MATURE SURROUNDINGS
• CONVENIENT LOCATION

Property features AI

Exterior

• Parking: Concrete parking
• Utilities: Public water; Sewer connected; Water connected
• Home design: Single family residence; One story; Entry level: 1
• Construction: Brick and wood siding; Shingle roof; See remarks for additional construction details
• Exterior features: Deck; Corner lot; Has a view; Barn(s) on property; Paved road frontage

Interior

• Kitchen: Dishwasher
• Bedrooms: 6 total rooms (includes bedrooms and other rooms)
• Flooring: Carpet; Vinyl; Wood
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air conditioning; Electric heating; Forced air; Natural gas
• Interior features: Walk-in closet(s); Ceiling fan(s); Pantry; Crawl space basement
• Laundry & utility: Laundry closet

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $149k.

Deal economics

• At list price, monthly cash flow is $230 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $149k).
• Cap rate 8.1% vs local median 3.8% in Greenville — 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 77/100 on livability (#30 in NC, #2,977 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, health & safety A+; Watch: crime F, employment F.
• Pitt County Schools (rural): math 41% / reading 44% proficiency, ranked #100 of 178 in NC (top 56%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Ridgewood Elementary (math 50% / reading 57%, grade C, #335 of 1,410 statewide, top 24%, 722 students, 47% FRL); A G Cox Middle (math 37% / reading 49%, grade D-, #191 of 475 statewide, top 41%, 865 students, 52% FRL); South Central (math 42% / reading 51%, grade D-, #344 of 535 statewide, top 64%, 1,675 students, 55% FRL) — zoned schools at 51% FRL track the district average.
• Market conditions: Rents rising fast (+5.4%/yr); 350 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 1,300 units permitted in Pitt County in 2024 (204 in 5+ unit buildings).
• This rent runs 38% of the median local income ($49k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Pitt County population projected at +22% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 5.4% rent growth), your $42k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 16y 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 $75k; list at $149k implies a 99% gain — meaningful room to come down on a strong offer.

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 $149,000

Questions for the listing agent

1. Built in 1972 — 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. 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?
4. 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.
5. 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.
6. 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: 1.04% ✓
• Cap rate: 8.14%
• Cash-on-cash: 6.60%
• DSCR: 1.29
• GRM: 8.0

CMA / ARV

• ARV (on-the-fly): $261,250
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
109 Oakdale Rd	0.10mi	3/2.0	1,319 (-4%)	14mo	$200,000	$152	77
103 Fairwood Ln	0.02mi	3/1.5	1,311 (-5%)	24mo	$189,900	$145	70
1500 Wheaton Ct	0.58mi	3/2.0	1,410 (+2%)	6mo	$275,000	$195	63
1609 Thayer Dr	0.74mi	3/2.0	1,352 (-2%)	3mo	$258,000	$191	60
112 Holliday Ct	0.04mi	4/1.5 (+1)	1,265 (-8%)	21mo	$179,900	$142	60
1504 Thayer Dr	0.64mi	3/2.0	1,375 (0%)	14mo	$272,000	$198	58
3504 Sunstone Way Unit D2	0.50mi	3/2.5	1,461 (+6%)	10mo	$234,490	$160	56
1805 Stone Wood Dr	0.39mi	3/2.0	1,432 (+4%)	23mo	$272,000	$190	56
1512 Thayer Dr	0.65mi	3/2.0	1,405 (+2%)	14mo	$275,000	$196	54
2957 Beunavista Court Ct	0.54mi	3/2.0	1,463 (+6%)	17mo	$262,000	$179	50

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 · 5.44% rent growth · sell at horizon

5-year hold

• IRR: -3.5%
• Equity multiple: 0.87×
• Total profit: $-5,625
• Equity at exit: $22,216

10-year hold

• IRR: 8.7%
• Equity multiple: 1.74×
• Total profit: $30,747
• Equity at exit: $12,883

Cash invested: $41,720 (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 27834

• Rents YoY: 5.4%
• Active inventory: 350
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,550 high
• Mortgage (P&I): −$781
• Tax from tax record: −$151 /mo · $1,814/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$325
• Net cashflow: $230

Break-even live

Break-even rent $1,259

Max offer price $149,000

Occupancy floor 80%

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: $37,250
• Closing costs: $4,470
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
203 Shiloh Dr Unit E Greenville, NC	2.0	1.5	1000	$1,130	$1.13	21d	1	0.46mi
1548 Manning Forest Dr Unit M7 Greenville, NC	2.0	1.5	1094	$1,300	$1.19	13d	1	0.51mi
1951 Cambria Dr Unit B Greenville, NC	3.0	3.0	1552	$1,800	$1.16	21d	1	0.86mi
2221 Brookville Dr Unit B Greenville, NC	3.0	2.0	1508	$1,700	$1.13	21d	1	1.00mi
3955 Sterling Pointe Dr Winterville, NC	2.0	1.5	1041	$995	$0.96	21d	1	1.15mi
3917 Sterling Pointe Dr Winterville, NC	2.0	1.5	1042	$1,200	$1.15	21d	1	1.15mi
3979 Sterling Pointe Dr Unit MMM3 Winterville, NC	2.0	2.5	1453	$1,050	$0.72	21d	1	1.16mi
2500 Brookville Dr Greenville, NC	3.0	2.0	1423	$1,800	$1.26	13d	1	1.18mi
2152 Flagstone Ct Greenville, NC	2.0	1.5	1044	$1,150	$1.10	21d	1	1.19mi
4129 Laurel Ridge Dr Greenville, NC	2.0	4.0	1050	$2,500	$2.38	21d	1	1.20mi
4129 Laurel Ridge Dr Unit F Greenville, NC	2.0	3.5	1050	$2,500	$2.38	21d	1	1.20mi
4511 Laurel Ridge Dr Unit B Greenville, NC	3.0	2.5	1619	$1,950	$1.20	21d	1	1.20mi
207 Belvedere Dr Greenville, NC	3.0	2.0	1695	$2,300	$1.36	21d	1	1.22mi
2140 Flagstone Ct Unit J6 Greenville, NC	2.0	1.5	1043	$1,200	$1.15	21d	1	1.25mi
1005 Allen Ridge Dr Greenville, NC	2.0–3.0	2.0	1134	$1,999	$1.76	13d	13	1.32mi
205 South Pointe Dr Unit B Winterville, NC	3.0	2.5	1584	$1,900	$1.20	21d	1	1.38mi
828 Sarah Rebecca Dr Greenville, NC	3.0	2.5	1636	$2,000	$1.22	21d	1	1.48mi

Listing history 8 events

1. 2026-06-19
   days on market $149,000 Active 10 DOM
2. 2026-06-18
   days on market $149,000 Active 9 DOM
3. 2026-06-17
   days on market $149,000 Active 8 DOM
4. 2026-06-16
   days on market $149,000 Active 7 DOM
5. 2026-06-15
   days on market $149,000 Active 6 DOM
6. 2026-06-13
   days on market $149,000 Active 3 DOM
7. 2026-06-10
   remarks 590-char remark
8. 2026-06-10
   listed $149,000 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: $1,814 · $151/mo
• Projected year-2 tax: $1,814 · $151/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥106°F today · 16 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,595
• − Mortgage interest: −$8,346
• − Property taxes: −$1,814
• − Insurance: −$745
• − Repairs & maintenance: −$1,488
• − Management: −$1,488
• − Depreciation: −$4,335
• Taxable income: $380
• Est. tax owed @ 24.0%: −$91
• After-tax cash flow: $2,664/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: Pitt County Schools
• NCES district ID: 3700012
• Math proficiency: 41% ▬ 0.00%
• Reading proficiency: 44% ▲ 2.00%
• Median HH income: $40,631
• Composite: 35.67/100
• National rank: #4877
• State rank: #100 of 178 in NC

Livability — Greenville

• Score: 77/100
• State rank: #30
• US rank: #2977

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Greenville, NC
• County: Pitt County · 142,592 people
• City population: 115,121
• Metro: Greenville, NC
• Population (ZIP): 56,347
• Household income: $48,935
• Rent vs Own: 62.6% rent · 37.4% own
• Severe rent burden: 3319.0

Population outlook (Pitt County) Hauer SSP2

• Today (2025): 194,585 people
• By 2030: 203,756 · +4.7%
• By 2040: 220,807 · +13.5%
• By 2050: 236,614 · +21.6%
• By 2075: 275,940 · +41.8%
• By 2100: 300,058 · +54.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: Black 54% White 33% Hispanic / Latino 8% Two or more races 3% Asian 2%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Lithuanian 1% Slovak 1% Romanian 1%
• Foreign-born: 7% · Canada, China
• Languages at home: 91% English-only · Spanish 6% Other Asian/Pacific 1%

Political lean MEDSL · Pitt

• 2024 margin: Lean D (+6.0) · D 52.5% · R 46.5% · Other 1.1%
• 2008→2024 swing: -2.8pp toward R · 2008: 8.8pp · 2024: 6.0pp
• All cycles: 2024: D+6.0 2020: D+9.4 2016: D+7.4 2012: D+6.7 2008: D+8.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -187.99%
• Current HPI: 190.6869
• Rent YoY: ▲ 5.44%
• Metro: Greenville, 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

+90.3% since first listed

13 events — show timeline

• 2026-06-09 Listed $149,000 Hive MLS
• 2018-07-09 Sold (Public Records) $75,000 Public Records
• 2018-07-09 Sold (MLS) $75,000 Hive MLS
• 2017-10-27 Listed $83,900 Hive MLS
• 2016-05-01 Listing Removed — Hive MLS
• 2015-11-27 Listed $92,900 Hive MLS
• 2015-07-17 Listing Removed — Hive MLS
• 2014-11-10 Listed $98,000 Hive MLS
• 2012-04-01 Listing Removed — Hive MLS
• 2011-05-15 Listed $108,900 Hive MLS
• 2011-02-28 Listing Removed — Hive MLS
• 2010-08-12 Listed $99,000 Hive MLS
• 2000-08-01 Sold (Public Records) $78,300 Public Records

Property tax history

+5.5%/yr

Latest (2025): $1,814 · +0.7% YoY. Source: county tax records.