252 Oak Park Dr · Lake Junaluska, NC 28721

$360,000

4 bd · 3.0 ba · 1,400 sqft · SingleFamily public records · 27 Days on market

Built 1992 0.35 ac lot Est $365k · at est.

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Why this score? — see what drove the F 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).

• ARV discount +8.2/15.0
• Cash flow +7.2/30.0
• Schools +4.5/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +1.4/10.0
• 1% rule +1.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Wonderful and centrally located 4BD/3BA home! This must-see boasts an open floor plan, vaulted ceiling great room, dining area, large island with seating, ample counter space, stainless steel appliances, an incredible and spacious master suite with a huge walk-in closet, and double vanity bathroom, and a split bedroom plan with 2 guest bedrooms and full bathroom! A basement that could be fixed to be used for income potential features a large family/rec room, 4th bedroom, and full bathroom! Recently stained front and back porches, 1-Car garage, and lots of storage complete this great opportunity! Minutes to Highways, Hospitals, Medical Offices, and much more! Perfect for a starter, retirement, or investment home!

Key facts

• Large back deck
• Large family room
• 0.35 acre lot

Tags

• LARGE FAMILY ROOM
• LARGE BACK DECK
• COMPLETELY FENCED YARD

Property features AI

Finance

• HOA & community: No HOA

Exterior

• Parking: Attached garage (1 car); Driveway
• Utilities: City water; Public sewer
• Home design: Single-family residence; One level; Site-built construction
• Construction: Vinyl exterior; Asbestos shingle roof; Basement foundation; Built on site
• Exterior features: 0.35-acre lot; Concrete and paved road access on a privately maintained road

Interior

• Kitchen: Dishwasher; Electric range; Refrigerator
• Bedrooms: Three bedrooms on the main level; One bedroom in the basement
• Bathrooms: Two full bathrooms on the main level; One full bathroom in the basement
• Heating & cooling: Baseboard heating; Central heating; No central cooling
• Interior features: 11 total rooms; Partially finished basement with storage space; Basement has exterior and interior entry and a garage door
• Laundry & utility: Laundry located in the kitchen on the main level

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $360k.

Deal economics

• At list price, monthly cash flow is $-495 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $273k (24.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $218k (39.4% below list).
• Recommended offer: $218k (39.4% below list) — sets the bar for 1% rule.
• Cap rate 4.6% vs local median 2.3% in Lake Junaluska — 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 71/100 on livability (#110 in NC) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, cost of living A-; Watch: amenities F, commute F.
• Haywood County Schools (suburban): math 55% / reading 53% proficiency, ranked #50 of 178 in NC (top 28%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Clyde Elementary (math 50% / reading 45%, grade D, #490 of 1,410 statewide, top 35%, 526 students, 99% FRL); Pisgah High (math 57% / reading 62%, grade C+, #216 of 535 statewide, top 43%, 927 students, 55% FRL) — zoned schools average 77% FRL vs 49% district-wide (29 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 160 active listings in the ZIP; 537 units permitted in Haywood County in 2024 (150 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $11k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 27 days — a 2% lower offer ($355k) is reasonable based on typical stale-listing flexibility.
• 3 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.
• Current owner paid $295k; 22% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $218,201 (39.4% 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. 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: 0.61% ✗
• Cap rate: 4.64%
• Cash-on-cash: -5.89%
• DSCR: 0.74
• GRM: 13.7

CMA / ARV

• ARV (on-the-fly): $365,400
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
144 Peyton Elaine Rd	0.27mi	3/2.0 (-1)	1,414 (+1%)	7mo	$325,000	$230	71
116 Peyton Elaine Rd	0.28mi	3/2.0 (-1)	1,508 (+8%)	1mo	$410,000	$272	64
130 Peyton Elaine Rd	0.27mi	3/2.0 (-1)	1,500 (+7%)	3mo	$398,000	$265	64
180 Oak Park Dr	0.08mi	3/2.0 (-1)	1,567 (+12%)	6mo	$329,000	$210	63
93 Cresthaven Dr	0.53mi	3/3.0 (-1)	1,359 (-3%)	5mo	$385,000	$283	62
115 Peyton Elaine Rd	0.27mi	3/2.0 (-1)	1,513 (+8%)	5mo	$410,000	$271	61
171 Peyton Elaine Rd	0.24mi	3/2.0 (-1)	1,560 (+11%)	1mo	$405,000	$260	60
141 Peyton Elaine Rd	0.26mi	3/2.0 (-1)	1,502 (+7%)	10mo	$405,000	$270	58
119 Peyton Elaine Rd	0.28mi	3/2.0 (-1)	1,500 (+7%)	11mo	$392,000	$261	57
380 Woodland Church Rd	0.50mi	3/2.0 (-1)	1,238 (-12%)	1mo	$235,000	$190	47
21 Henry Dr	0.49mi	3/1.0 (-1)	1,201 (-14%)	8mo	$221,500	$184	34
723 Richland Creek Rd	0.56mi	3/1.5 (-1)	1,200 (-14%)	9mo	$209,000	$174	31

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: -26.5%
• Equity multiple: 0.11×
• Total profit: $-90,004
• Equity at exit: $53,677

10-year hold

• IRR: -23.8%
• Equity multiple: -0.19×
• Total profit: $-119,518
• Equity at exit: $31,126

Cash invested: $100,800 (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 28721

• Home prices YoY: -20.8%
• Active inventory: 160
• Price-to-rent: 13.7×

Monthly cashflow live

• Estimated rent: $2,182 medium
• Mortgage (P&I): −$1,888
• Tax from tax record: −$181 /mo · $2,173/yr
• Insurance: −$150
• HOA: −$0
• Vacancy / Maint / Mgmt: −$458
• Net cashflow: $-495

Break-even live

Break-even rent $2,809

Max offer price $272,531

Occupancy floor —

Sensitivity live

Price	-10% $-291	-5% $-393	+0% $-495	+5% $-597	+10% $-699
Rent	-10% $-668	-5% $-581	+0% $-495	+5% $-409	+10% $-323
Rate	-1.0pp $-314	-0.5pp $-404	base $-495	+0.5pp $-588	+1.0pp $-683

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: $90,000
• Closing costs: $10,800
• Reserves months: —
• Total cash needed: —

Listing history 28 events

1. 2026-06-18
   days on market $360,000 Active 27 DOM
2. 2026-06-17
   days on market $360,000 Active 26 DOM
3. 2026-06-16
   days on market $360,000 Active 25 DOM
4. 2026-06-15
   days on market $360,000 Active 24 DOM
5. 2026-06-14
   days on market $360,000 Active 22 DOM
6. 2026-06-13
   pricedays on market $360,000 Active 21 DOM
7. 2026-06-10
   days on market $375,000 Active 19 DOM
8. 2026-06-09
   days on market $375,000 Active 18 DOM
9. 2026-06-08
   days on market $375,000 Active 17 DOM
10. 2026-06-07
    days on market $375,000 Active 16 DOM
11. 2026-06-03
    days on market $375,000 Active 12 DOM
12. 2026-06-02
    days on market $375,000 Active 11 DOM
13. 2026-06-01
    days on market $375,000 Active 10 DOM
14. 2026-05-31
    days on market $375,000 Active 9 DOM
15. 2026-05-30
    days on market $375,000 Active 8 DOM
16. 2026-05-22
    listed $375,000 Active
17. 2022-11-21
    soldstatus $295,000 Closed 721-char remark

    Show marketing remark (721 chars)

    Wonderful and centrally located 4BD/3BA home! This must-see boasts an open floor plan, vaulted ceiling great room, dining area, large island with seating, ample counter space, stainless steel appliances, an incredible and spacious master suite with a huge walk-in closet, and double vanity bathroom, and a split bedroom plan with 2 guest bedrooms and full bathroom! A basement that could be fixed to be used for income potential features a large family/rec room, 4th bedroom, and full bathroom! Recently stained front and back porches, 1-Car garage, and lots of storage complete this great opportunity! Minutes to Highways, Hospitals, Medical Offices, and much more! Perfect for a starter, retirement, or investment home!

18. 2022-11-21
    soldstatus $295,000

    Show marketing remark (721 chars)

    Wonderful and centrally located 4BD/3BA home! This must-see boasts an open floor plan, vaulted ceiling great room, dining area, large island with seating, ample counter space, stainless steel appliances, an incredible and spacious master suite with a huge walk-in closet, and double vanity bathroom, and a split bedroom plan with 2 guest bedrooms and full bathroom! A basement that could be fixed to be used for income potential features a large family/rec room, 4th bedroom, and full bathroom! Recently stained front and back porches, 1-Car garage, and lots of storage complete this great opportunity! Minutes to Highways, Hospitals, Medical Offices, and much more! Perfect for a starter, retirement, or investment home!

19. 2022-10-12
    historical Active Under Contract 721-char remark

    Show marketing remark (721 chars)

    Wonderful and centrally located 4BD/3BA home! This must-see boasts an open floor plan, vaulted ceiling great room, dining area, large island with seating, ample counter space, stainless steel appliances, an incredible and spacious master suite with a huge walk-in closet, and double vanity bathroom, and a split bedroom plan with 2 guest bedrooms and full bathroom! A basement that could be fixed to be used for income potential features a large family/rec room, 4th bedroom, and full bathroom! Recently stained front and back porches, 1-Car garage, and lots of storage complete this great opportunity! Minutes to Highways, Hospitals, Medical Offices, and much more! Perfect for a starter, retirement, or investment home!

20. 2022-10-03
    price $299,500 721-char remark

    Show marketing remark (721 chars)

    Wonderful and centrally located 4BD/3BA home! This must-see boasts an open floor plan, vaulted ceiling great room, dining area, large island with seating, ample counter space, stainless steel appliances, an incredible and spacious master suite with a huge walk-in closet, and double vanity bathroom, and a split bedroom plan with 2 guest bedrooms and full bathroom! A basement that could be fixed to be used for income potential features a large family/rec room, 4th bedroom, and full bathroom! Recently stained front and back porches, 1-Car garage, and lots of storage complete this great opportunity! Minutes to Highways, Hospitals, Medical Offices, and much more! Perfect for a starter, retirement, or investment home!

21. 2022-09-23
    status Active 721-char remark

    Show marketing remark (721 chars)

    Wonderful and centrally located 4BD/3BA home! This must-see boasts an open floor plan, vaulted ceiling great room, dining area, large island with seating, ample counter space, stainless steel appliances, an incredible and spacious master suite with a huge walk-in closet, and double vanity bathroom, and a split bedroom plan with 2 guest bedrooms and full bathroom! A basement that could be fixed to be used for income potential features a large family/rec room, 4th bedroom, and full bathroom! Recently stained front and back porches, 1-Car garage, and lots of storage complete this great opportunity! Minutes to Highways, Hospitals, Medical Offices, and much more! Perfect for a starter, retirement, or investment home!

22. 2022-09-06
    historical Active Under Contract 721-char remark

    Show marketing remark (721 chars)

    Wonderful and centrally located 4BD/3BA home! This must-see boasts an open floor plan, vaulted ceiling great room, dining area, large island with seating, ample counter space, stainless steel appliances, an incredible and spacious master suite with a huge walk-in closet, and double vanity bathroom, and a split bedroom plan with 2 guest bedrooms and full bathroom! A basement that could be fixed to be used for income potential features a large family/rec room, 4th bedroom, and full bathroom! Recently stained front and back porches, 1-Car garage, and lots of storage complete this great opportunity! Minutes to Highways, Hospitals, Medical Offices, and much more! Perfect for a starter, retirement, or investment home!

23. 2022-09-04
    price $325,000 721-char remark

    Show marketing remark (721 chars)

    Wonderful and centrally located 4BD/3BA home! This must-see boasts an open floor plan, vaulted ceiling great room, dining area, large island with seating, ample counter space, stainless steel appliances, an incredible and spacious master suite with a huge walk-in closet, and double vanity bathroom, and a split bedroom plan with 2 guest bedrooms and full bathroom! A basement that could be fixed to be used for income potential features a large family/rec room, 4th bedroom, and full bathroom! Recently stained front and back porches, 1-Car garage, and lots of storage complete this great opportunity! Minutes to Highways, Hospitals, Medical Offices, and much more! Perfect for a starter, retirement, or investment home!

24. 2022-08-20
    price $349,500 721-char remark

    Show marketing remark (721 chars)

    Wonderful and centrally located 4BD/3BA home! This must-see boasts an open floor plan, vaulted ceiling great room, dining area, large island with seating, ample counter space, stainless steel appliances, an incredible and spacious master suite with a huge walk-in closet, and double vanity bathroom, and a split bedroom plan with 2 guest bedrooms and full bathroom! A basement that could be fixed to be used for income potential features a large family/rec room, 4th bedroom, and full bathroom! Recently stained front and back porches, 1-Car garage, and lots of storage complete this great opportunity! Minutes to Highways, Hospitals, Medical Offices, and much more! Perfect for a starter, retirement, or investment home!

25. 2022-07-25
    price $375,000 721-char remark

    Show marketing remark (721 chars)

    Wonderful and centrally located 4BD/3BA home! This must-see boasts an open floor plan, vaulted ceiling great room, dining area, large island with seating, ample counter space, stainless steel appliances, an incredible and spacious master suite with a huge walk-in closet, and double vanity bathroom, and a split bedroom plan with 2 guest bedrooms and full bathroom! A basement that could be fixed to be used for income potential features a large family/rec room, 4th bedroom, and full bathroom! Recently stained front and back porches, 1-Car garage, and lots of storage complete this great opportunity! Minutes to Highways, Hospitals, Medical Offices, and much more! Perfect for a starter, retirement, or investment home!

26. 2022-07-16
    listed $395,000 Active 721-char remark

    Show marketing remark (721 chars)

    Wonderful and centrally located 4BD/3BA home! This must-see boasts an open floor plan, vaulted ceiling great room, dining area, large island with seating, ample counter space, stainless steel appliances, an incredible and spacious master suite with a huge walk-in closet, and double vanity bathroom, and a split bedroom plan with 2 guest bedrooms and full bathroom! A basement that could be fixed to be used for income potential features a large family/rec room, 4th bedroom, and full bathroom! Recently stained front and back porches, 1-Car garage, and lots of storage complete this great opportunity! Minutes to Highways, Hospitals, Medical Offices, and much more! Perfect for a starter, retirement, or investment home!

27. 2021-01-29
    soldstatus $136,500
28. 2005-03-14
    soldstatus $108,000

ⓘ 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: $2,173 · $181/mo
• Projected year-2 tax: $2,952 · $246/mo
• Expected delta: +$779/yr (+$65/mo · 35.9%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥94°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,184
• − Mortgage interest: −$20,166
• − Property taxes: −$2,173
• − Insurance: −$1,800
• − Repairs & maintenance: −$2,095
• − Management: −$2,095
• − Depreciation: −$10,473
• Taxable loss: −$12,616
• Est. tax savings @ 24.0%: +$3,028
• After-tax cash flow: $-2,914/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: Haywood County Schools
• NCES district ID: 3702040
• Math proficiency: 55% ▲ 7.00%
• Reading proficiency: 53% ▲ 2.00%
• Median HH income: $42,715
• Composite: 45.42/100
• National rank: #2623
• State rank: #50 of 178 in NC

Livability — Lake Junaluska

• Score: 71/100
• State rank: #110
• US rank: #6967

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 555
• Population (ZIP): 10,561

Population outlook (Haywood County) Hauer SSP2

• Today (2025): 61,607 people
• By 2030: 62,137 · +0.9%
• By 2040: 62,418 · +1.3%
• By 2050: 61,578 · +-0.0%
• By 2075: 59,137 · -4.0%
• By 2100: 53,470 · -13.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Hispanic / Latino 8% Two or more races 7%
• Hispanic origin (detail): Mexican 4% Cuban 2%
• Common ancestry: Serbian 5% Slovak 2% Lithuanian 2%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 3%

Political lean MEDSL · Haywood

• 2024 margin: Strong R (+25.1) · D 36.9% · R 62.0% · Other 1.1%
• 2008→2024 swing: -17.4pp toward R · 2008: -7.8pp · 2024: -25.1pp
• All cycles: 2024: R+25.1 2020: R+26.5 2016: R+28.0 2012: R+13.8 2008: R+7.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -52.90%
• Current HPI: 201.525
• 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

+247.2% since first listed

13 events — show timeline

• 2026-05-22 Listed $375,000 CANOPYMLS as Distributed by MLS Grid
• 2022-11-21 Sold (Public Records) $295,000 Public Records
• 2022-11-21 Sold (MLS) $295,000 CANOPYMLS as Distributed by MLS Grid
• 2022-10-12 Contingent — CANOPYMLS as Distributed by MLS Grid
• 2022-10-03 Price Changed $299,500 CANOPYMLS as Distributed by MLS Grid
• 2022-09-23 Relisted — CANOPYMLS as Distributed by MLS Grid
• 2022-09-06 Contingent — CANOPYMLS as Distributed by MLS Grid
• 2022-09-04 Price Changed $325,000 CANOPYMLS as Distributed by MLS Grid
• 2022-08-20 Price Changed $349,500 CANOPYMLS as Distributed by MLS Grid
• 2022-07-25 Price Changed $375,000 CANOPYMLS as Distributed by MLS Grid
• 2022-07-16 Listed $395,000 CANOPYMLS as Distributed by MLS Grid
• 2021-01-29 Sold (Public Records) $136,500 Public Records
• 2005-03-14 Sold (Public Records) $108,000 Public Records

Property tax history

+4.5%/yr

Latest (2025): $2,173 · +1.1% YoY. Source: county tax records.