4191 Deerfield Dr · Maiden, NC 28650

$125,000

3 bd · 2.0 ba · 1,064 sqft · SingleFamily · 21 Days on market

Built 1989 Fair condition 0.54 ac lot ↓ 34% since listing

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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 +29.0/30.0
• DSCR +10.0/10.0
• 1% rule +8.1/10.0
• ARV discount +7.5/15.0
• Schools +4.8/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Back on market at no Seller's fault. Cash preferred. Buyer Agents: Please note: property does not have an HVAC! hence PRICED to Sell and Motivated Seller. Don't miss out this well maintained Single-wide ready for the next owner! Property sits on a half acre. Refrigerator and Washer included in purchase price. Spacious Back workshop. Property was previously rented and renter was paying $800. Good investment property as well.

Key facts

• Rental potential
• Fenced back yard
• Investment property

Tags

• FENCED BACK YARD
• INVESTMENT PROPERTY
• RENTAL POTENTIAL

Property features AI

Finance

• Other: Residential single-family property, zoned R-R; Lot size approximately 0.54 acres; Directions available: From Startown & 321, go S on Startown. Turn left on Biggerstaff, then right on Cedarfield. Home is directly ahead.
• HOA & community: No HOA

Exterior

• Parking: Driveway
• Utilities: Private well water; Septic system
• Home design: Manufactured singlewide home; Single-story
• Construction: Fiber cement exterior; No foundation details specified; Completed development
• Exterior features: Covered front porch; Chain link fencing in the back yard; Level lot; Road access is on gravel and paved surfaces; Publicly maintained road

Interior

• Kitchen: Electric oven; Electric range
• Bedrooms: 3 bedrooms on the main level
• Bathrooms: 2 full bathrooms on the main level
• Heating & cooling: Propane heating; Window air conditioning units
• Interior features: Breakfast bar; Split bedroom floor plan; Family room fireplace
• Laundry & utility: Laundry area in a bathroom on the main level; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $125k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $427 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $125k).
• Recommended offer: $123k (1.5% below list) — sets the bar for market timing.
• Cap rate 10.4% vs local median 3.1% in Maiden — 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 (#84 in NC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: schools D, amenities F, commute F.
• Lincoln County Schools (rural): math 57% / reading 55% proficiency, ranked #42 of 178 in NC (top 24%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 142 active listings in the ZIP; 697 units permitted in Lincoln County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Lincoln County population projected at +8% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $35k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 4y 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.

Recommended offer $123,125 (1.5% below list)

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
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. 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: 1.31% ✓
• Cap rate: 10.39%
• Cash-on-cash: 14.65%
• DSCR: 1.65
• GRM: 6.4

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: 5.1%
• Equity multiple: 1.20×
• Total profit: $6,983
• Equity at exit: $18,638

10-year hold

• IRR: 14.6%
• Equity multiple: 2.18×
• Total profit: $41,223
• Equity at exit: $10,808

Cash invested: $35,000 (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 28650

• Home prices YoY: -12.7%
• Active inventory: 142
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $1,634 medium
• Mortgage (P&I): −$656
• Tax est. 1.5%: −$156 /mo · $1,875/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$343
• Net cashflow: $427

Break-even live

Break-even rent $1,093

Max offer price $125,000

Occupancy floor 69%

Sensitivity live

Price	-10% $514	-5% $470	+0% $427	+5% $384	+10% $341
Rent	-10% $298	-5% $363	+0% $427	+5% $492	+10% $556
Rate	-1.0pp $490	-0.5pp $459	base $427	+0.5pp $395	+1.0pp $362

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Listing history 25 events

1. 2026-06-18
   days on market $125,000 Active 21 DOM
2. 2026-06-17
   days on market $125,000 Active 20 DOM
3. 2026-06-16
   days on market $125,000 Active 19 DOM
4. 2026-06-15
   days on market $125,000 Active 18 DOM
5. 2026-06-13
   days on market $125,000 Active 16 DOM
6. 2026-06-09
   days on market $125,000 Active 12 DOM
7. 2026-06-08
   days on market $125,000 Active 11 DOM
8. 2026-06-07
   days on market $125,000 Active 10 DOM
9. 2026-06-04
   days on market $125,000 Active 7 DOM
10. 2026-06-03
    days on market $125,000 Active 6 DOM
11. 2026-06-02
    days on market $125,000 Active 5 DOM
12. 2026-06-01
    days on market $125,000 Active 4 DOM
13. 2026-05-31
    days on market $125,000 Active 3 DOM
14. 2026-05-28
    listed $125,000 Active
15. 2023-01-30
    soldstatus $110,000 Closed 431-char remark

    Show marketing remark (431 chars)

    Back on market at no Seller's fault. Cash preferred. Buyer Agents: Please note: property does not have an HVAC! hence PRICED to Sell and Motivated Seller. Don't miss out this well maintained Single-wide ready for the next owner! Property sits on a half acre. Refrigerator and Washer included in purchase price. Spacious Back workshop. Property was previously rented and renter was paying $800. Good investment property as well.

16. 2023-01-11
    historical Active Under Contract 431-char remark

    Show marketing remark (431 chars)

    Back on market at no Seller's fault. Cash preferred. Buyer Agents: Please note: property does not have an HVAC! hence PRICED to Sell and Motivated Seller. Don't miss out this well maintained Single-wide ready for the next owner! Property sits on a half acre. Refrigerator and Washer included in purchase price. Spacious Back workshop. Property was previously rented and renter was paying $800. Good investment property as well.

17. 2022-12-29
    status Active 431-char remark

    Show marketing remark (431 chars)

    Back on market at no Seller's fault. Cash preferred. Buyer Agents: Please note: property does not have an HVAC! hence PRICED to Sell and Motivated Seller. Don't miss out this well maintained Single-wide ready for the next owner! Property sits on a half acre. Refrigerator and Washer included in purchase price. Spacious Back workshop. Property was previously rented and renter was paying $800. Good investment property as well.

18. 2022-12-27
    historical Active Under Contract 431-char remark

    Show marketing remark (431 chars)

    Back on market at no Seller's fault. Cash preferred. Buyer Agents: Please note: property does not have an HVAC! hence PRICED to Sell and Motivated Seller. Don't miss out this well maintained Single-wide ready for the next owner! Property sits on a half acre. Refrigerator and Washer included in purchase price. Spacious Back workshop. Property was previously rented and renter was paying $800. Good investment property as well.

19. 2022-11-17
    status Active 431-char remark

    Show marketing remark (431 chars)

    Back on market at no Seller's fault. Cash preferred. Buyer Agents: Please note: property does not have an HVAC! hence PRICED to Sell and Motivated Seller. Don't miss out this well maintained Single-wide ready for the next owner! Property sits on a half acre. Refrigerator and Washer included in purchase price. Spacious Back workshop. Property was previously rented and renter was paying $800. Good investment property as well.

20. 2022-11-13
    historical Active Under Contract 431-char remark

    Show marketing remark (431 chars)

    Back on market at no Seller's fault. Cash preferred. Buyer Agents: Please note: property does not have an HVAC! hence PRICED to Sell and Motivated Seller. Don't miss out this well maintained Single-wide ready for the next owner! Property sits on a half acre. Refrigerator and Washer included in purchase price. Spacious Back workshop. Property was previously rented and renter was paying $800. Good investment property as well.

21. 2022-11-09
    price $120,000 431-char remark

    Show marketing remark (431 chars)

    Back on market at no Seller's fault. Cash preferred. Buyer Agents: Please note: property does not have an HVAC! hence PRICED to Sell and Motivated Seller. Don't miss out this well maintained Single-wide ready for the next owner! Property sits on a half acre. Refrigerator and Washer included in purchase price. Spacious Back workshop. Property was previously rented and renter was paying $800. Good investment property as well.

22. 2022-11-03
    price $150,000 431-char remark

    Show marketing remark (431 chars)

    Back on market at no Seller's fault. Cash preferred. Buyer Agents: Please note: property does not have an HVAC! hence PRICED to Sell and Motivated Seller. Don't miss out this well maintained Single-wide ready for the next owner! Property sits on a half acre. Refrigerator and Washer included in purchase price. Spacious Back workshop. Property was previously rented and renter was paying $800. Good investment property as well.

23. 2022-10-07
    price $179,000 431-char remark

    Show marketing remark (431 chars)

    Back on market at no Seller's fault. Cash preferred. Buyer Agents: Please note: property does not have an HVAC! hence PRICED to Sell and Motivated Seller. Don't miss out this well maintained Single-wide ready for the next owner! Property sits on a half acre. Refrigerator and Washer included in purchase price. Spacious Back workshop. Property was previously rented and renter was paying $800. Good investment property as well.

24. 2022-09-25
    listed $189,000 Active 431-char remark

    Show marketing remark (431 chars)

    Back on market at no Seller's fault. Cash preferred. Buyer Agents: Please note: property does not have an HVAC! hence PRICED to Sell and Motivated Seller. Don't miss out this well maintained Single-wide ready for the next owner! Property sits on a half acre. Refrigerator and Washer included in purchase price. Spacious Back workshop. Property was previously rented and renter was paying $800. Good investment property as well.

25. 2022-09-24
    historical $189,000 431-char remark

    Show marketing remark (431 chars)

    Back on market at no Seller's fault. Cash preferred. Buyer Agents: Please note: property does not have an HVAC! hence PRICED to Sell and Motivated Seller. Don't miss out this well maintained Single-wide ready for the next owner! Property sits on a half acre. Refrigerator and Washer included in purchase price. Spacious Back workshop. Property was previously rented and renter was paying $800. Good investment property as well.

ⓘ 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: $19,612
• − Mortgage interest: −$7,002
• − Property taxes: −$1,875
• − Insurance: −$625
• − Repairs & maintenance: −$1,569
• − Management: −$1,569
• − Depreciation: −$3,636
• Taxable income: $3,336
• Est. tax owed @ 24.0%: −$801
• After-tax cash flow: $4,327/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 · 8 photos

Fair 45/100 Moderate rehab

This single-wide mobile home requires moderate renovations, including new kitchen cabinets and countertops, bathroom fixtures and tiling, and landscaping improvements. It has potential for increased value through these updates.

Repairs flagged

• Major kitchen cabinets — severely dated and worn
• Major bathroom fixtures — missing and damaged
• Major landscaping — overgrown and unkempt

Value-add opportunities

• Resale new kitchen cabinets and countertops — modernizing the kitchen would significantly increase its appeal
• Resale new bathroom fixtures and tiling — repairing and updating the bathroom would enhance the home's overall appeal
• Both landscaping and curb appeal improvements — improving the landscaping would increase both resale and rental value

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · severely dated and worn	Major	$15,000–50,000
bathroom fixtures · missing and damaged	Major	$15,000–50,000
landscaping · overgrown and unkempt	Major	$15,000–50,000
Total estimated repair cost · 3 items		$45,000–150,000

Value-add ROI direction

• Resale new kitchen cabinets and countertops — modernizing the kitchen would significantly increase its appeal ↑
• Resale new bathroom fixtures and tiling — repairing and updating the bathroom would enhance the home's overall appeal ↑
• Both landscaping and curb appeal improvements — 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: Lincoln County Schools
• NCES district ID: 3702680
• Math proficiency: 57% ▲ 7.00%
• Reading proficiency: 55% ▲ 1.00%
• Median HH income: $49,203
• Composite: 47.7/100
• National rank: #2242
• State rank: #42 of 178 in NC

Livability — Maiden

• Score: 72/100
• State rank: #84
• US rank: #5912

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Catawba County · 105,763 people
• City population: 12,746
• Metro: Hickory-Lenoir-Morganton, NC
• Population (ZIP): 12,746
• Household income: $74,922
• Rent vs Own: 15.3% rent · 84.7% own
• Severe rent burden: 36.0

Population outlook (Lincoln County) Hauer SSP2

• Today (2025): 86,972 people
• By 2030: 89,467 · +2.9%
• By 2040: 93,107 · +7.1%
• By 2050: 94,304 · +8.4%
• By 2075: 95,190 · +9.4%
• By 2100: 90,096 · +3.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Hispanic / Latino 10% Two or more races 3% Black 3% Asian 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 4%
• Common ancestry: Italian 3% Slovak 2% Serbian 1%
• Foreign-born: 2% · Canada, Jamaica
• Languages at home: 90% English-only · Spanish 9% Other Asian/Pacific 1%

Political lean MEDSL · Lincoln

• 2024 margin: Solid R (+45.7) · D 26.8% · R 72.5%
• 2008→2024 swing: -12.4pp toward R · 2008: -33.3pp · 2024: -45.7pp
• All cycles: 2024: R+45.7 2020: R+45.9 2016: R+47.7 2012: R+38.9 2008: R+33.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -41.44%
• Current HPI: 284.0424
• Rent YoY: —
• Metro: Hickory-Lenoir-Morganton, 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

-33.9% since first listed

12 events — show timeline

• 2026-05-28 Listed $125,000 CANOPYMLS as Distributed by MLS Grid
• 2023-01-30 Sold (MLS) $110,000 CANOPYMLS as Distributed by MLS Grid
• 2023-01-11 Contingent — CANOPYMLS as Distributed by MLS Grid
• 2022-12-29 Relisted — CANOPYMLS as Distributed by MLS Grid
• 2022-12-27 Contingent — CANOPYMLS as Distributed by MLS Grid
• 2022-11-17 Relisted — CANOPYMLS as Distributed by MLS Grid
• 2022-11-13 Contingent — CANOPYMLS as Distributed by MLS Grid
• 2022-11-09 Price Changed $120,000 CANOPYMLS as Distributed by MLS Grid
• 2022-11-03 Price Changed $150,000 CANOPYMLS as Distributed by MLS Grid
• 2022-10-07 Price Changed $179,000 CANOPYMLS as Distributed by MLS Grid
• 2022-09-25 Listed $189,000 CANOPYMLS as Distributed by MLS Grid
• 2022-09-24 Coming Soon $189,000 CANOPYMLS as Distributed by MLS Grid