276 Edgewood Terrace Dr · Seven Lakes, NC 27376

$205,000

2 bd · 1.0 ba · 860 sqft · SingleFamily public records · 17 Days on market

Built 1950 0.27 ac lot

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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 +26.0/30.0
• DSCR +8.7/10.0
• ARV discount +7.5/15.0
• 1% rule +5.5/10.0
• Schools +4.4/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Fully renovated 2-bedroom/1-bath home tucked away on a quiet street just off NC 211 in West End. This would be ideal for a starter home, someone looking to downsize or as investment. It has an inviting front porch, large living room, new LVP flooring in the main living areas, new carpet in the bedrooms and has been freshly repainted. It is on a generous lot with nice landscaping, circular gravel drive and a large backyard with a storage building. You have quick access to dining and shopping in nearby Seven Lakes, as well as the Pinehurst-Southern Pines area.

Key facts

• Quiet street
• Large living room
• Updated kitchen

Tags

• RECENTLY RENOVATED
• QUIET STREET
• WELCOMING FRONT SITTING PORCH
• LARGE LIVING ROOM
• UPDATED KITCHEN
• SPACIOUS LAUNDRY AND MUDROOM

Property features AI

Exterior

• Parking: Circular driveway; Gravel parking areas; Off-street parking; On-site parking
• Utilities: Water connected; Septic tank sewer; Cable available
• Home design: Single-family residence; One level / single-story; Vinyl siding
• Construction: Shingle roof; Slab foundation; Constructed with vinyl siding
• Exterior features: Patio; Porch; Chain link and partial fencing; Shed(s); Has a view; Paved road access; Interior, level lot

Interior

• Kitchen: Refrigerator; Range; Dishwasher; Microwave
• Bedrooms: 5 total rooms (includes bedroom count within room total)
• Flooring: Carpet; Tile; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Heat pump; Electric heating; Forced air; Central air conditioning
• Interior features: Ceiling fans
• Laundry & utility: Laundry room with washer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $205k.

Deal economics

• At list price, monthly cash flow is $510 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $205k).
• Recommended offer: $202k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.3% vs local median 4.0% in Seven Lakes — 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 (#91 in NC) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: health & safety C-, amenities F, commute F.
• Moore County Schools (rural): math 48% / reading 54% proficiency, ranked #58 of 178 in NC (top 33%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: West Pine Elementary (math 51% / reading 58%, grade C, #302 of 1,410 statewide, top 23%, 395 students, 44% FRL); West Pine Middle (math 62% / reading 62%, grade B+, #37 of 475 statewide, top 8%, 688 students, 28% FRL); Pinecrest High (math 66% / reading 72%, grade B, #131 of 535 statewide, top 25%, 2,221 students, 34% FRL).
• Market conditions: 180 active listings in the ZIP; 941 units permitted in Moore County in 2024 (0 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.
• Moore County population projected at +29% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($202k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 8y 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: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 60% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $201,925 (1.5% below list)

Questions for the listing agent

1. Built in 1950 — 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 A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 1.05% ✓
• Cap rate: 9.28%
• Cash-on-cash: 10.67%
• DSCR: 1.47
• GRM: 7.9

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: -0.4%
• Equity multiple: 0.99×
• Total profit: $-809
• Equity at exit: $30,566

10-year hold

• IRR: 9.3%
• Equity multiple: 1.71×
• Total profit: $40,743
• Equity at exit: $17,725

Cash invested: $57,400 (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 27376

• Home prices YoY: -30.2%
• Active inventory: 180
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $2,160 medium
• Mortgage (P&I): −$1,075
• Tax from tax record: −$36 /mo · $428/yr
• Insurance: −$85
• HOA: −$0
• Vacancy / Maint / Mgmt: −$454
• Net cashflow: $510

Break-even live

Break-even rent $1,514

Max offer price $205,000

Occupancy floor 71%

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: $51,250
• Closing costs: $6,150
• Reserves months: —
• Total cash needed: —

Listing history 24 events

1. 2026-06-19
   days on market $205,000 Active 17 DOM
2. 2026-06-18
   days on market $205,000 Active 16 DOM
3. 2026-06-17
   days on market $205,000 Active 15 DOM
4. 2026-06-16
   days on market $205,000 Active 14 DOM
5. 2026-06-15
   days on market $205,000 Active 13 DOM
6. 2026-06-14
   days on market $205,000 Active 11 DOM
7. 2026-06-13
   days on market $205,000 Active 10 DOM
8. 2026-06-10
   days on market $205,000 Active 8 DOM
9. 2026-06-09
   days on market $205,000 Active 7 DOM
10. 2026-06-09
    price $205,000 Active 6 DOM
11. 2026-06-08
    days on market $215,000 Active 6 DOM
12. 2026-06-07
    days on market $215,000 Active 5 DOM
13. 2026-06-05
    days on market $215,000 Active 2 DOM
14. 2026-06-03
    days on marketlisting id $215,000 Active 1 DOM
15. 2026-05-31
    days on market $215,000 Active 180 DOM
16. 2026-05-30
    days on market $215,000 Active 179 DOM
17. 2025-12-01
    listed $215,000 Active
18. 2023-09-26
    soldstatus $195,000 Closed 564-char remark

    Show marketing remark (564 chars)

    Fully renovated 2-bedroom/1-bath home tucked away on a quiet street just off NC 211 in West End. This would be ideal for a starter home, someone looking to downsize or as investment. It has an inviting front porch, large living room, new LVP flooring in the main living areas, new carpet in the bedrooms and has been freshly repainted. It is on a generous lot with nice landscaping, circular gravel drive and a large backyard with a storage building. You have quick access to dining and shopping in nearby Seven Lakes, as well as the Pinehurst-Southern Pines area.

19. 2023-09-26
    soldstatus $195,000

    Show marketing remark (564 chars)

    Fully renovated 2-bedroom/1-bath home tucked away on a quiet street just off NC 211 in West End. This would be ideal for a starter home, someone looking to downsize or as investment. It has an inviting front porch, large living room, new LVP flooring in the main living areas, new carpet in the bedrooms and has been freshly repainted. It is on a generous lot with nice landscaping, circular gravel drive and a large backyard with a storage building. You have quick access to dining and shopping in nearby Seven Lakes, as well as the Pinehurst-Southern Pines area.

20. 2023-09-11
    status Pending 564-char remark

    Show marketing remark (564 chars)

    Fully renovated 2-bedroom/1-bath home tucked away on a quiet street just off NC 211 in West End. This would be ideal for a starter home, someone looking to downsize or as investment. It has an inviting front porch, large living room, new LVP flooring in the main living areas, new carpet in the bedrooms and has been freshly repainted. It is on a generous lot with nice landscaping, circular gravel drive and a large backyard with a storage building. You have quick access to dining and shopping in nearby Seven Lakes, as well as the Pinehurst-Southern Pines area.

21. 2023-08-28
    status Pending 564-char remark

    Show marketing remark (564 chars)

    Fully renovated 2-bedroom/1-bath home tucked away on a quiet street just off NC 211 in West End. This would be ideal for a starter home, someone looking to downsize or as investment. It has an inviting front porch, large living room, new LVP flooring in the main living areas, new carpet in the bedrooms and has been freshly repainted. It is on a generous lot with nice landscaping, circular gravel drive and a large backyard with a storage building. You have quick access to dining and shopping in nearby Seven Lakes, as well as the Pinehurst-Southern Pines area.

22. 2023-08-21
    listed $200,000 Active 564-char remark

    Show marketing remark (564 chars)

    Fully renovated 2-bedroom/1-bath home tucked away on a quiet street just off NC 211 in West End. This would be ideal for a starter home, someone looking to downsize or as investment. It has an inviting front porch, large living room, new LVP flooring in the main living areas, new carpet in the bedrooms and has been freshly repainted. It is on a generous lot with nice landscaping, circular gravel drive and a large backyard with a storage building. You have quick access to dining and shopping in nearby Seven Lakes, as well as the Pinehurst-Southern Pines area.

23. 2018-08-10
    soldstatus $48,000 300-char remark

    Show marketing remark (300 chars)

    Handyman Special! Great potential for the buy-and-hold investor or flipper!! All the exterior walls have been insulated, vinyl windows throughout in good shape and HVAC replaced within the past ~5 years. Located on a quiet dead-end street, close to Pinehurst and Seven Lakes. Hurry before it is gone!

24. 2018-04-12
    listed $55,000 300-char remark

    Show marketing remark (300 chars)

    Handyman Special! Great potential for the buy-and-hold investor or flipper!! All the exterior walls have been insulated, vinyl windows throughout in good shape and HVAC replaced within the past ~5 years. Located on a quiet dead-end street, close to Pinehurst and Seven Lakes. Hurry before it is gone!

ⓘ 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: $428 · $36/mo
• Projected year-2 tax: $1,681 · $140/mo
• Expected delta: +$1,253/yr (+$104/mo · 292.8%)

ⓘ 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 6/10 Major
• 🌡 Heat 6/10 Major 7 d/yr ≥106°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 60% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,923
• − Mortgage interest: −$11,483
• − Property taxes: −$428
• − Insurance: −$1,025
• − Repairs & maintenance: −$2,074
• − Management: −$2,074
• − Depreciation: −$5,964
• Taxable income: $2,876
• Est. tax owed @ 24.0%: −$690
• After-tax cash flow: $5,436/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: Moore County Schools
• NCES district ID: 3703090
• Math proficiency: 48% ▲ 5.00%
• Reading proficiency: 54% ▲ 5.00%
• Median HH income: $50,333
• Composite: 43.63/100
• National rank: #2967
• State rank: #58 of 178 in NC

Livability — Seven Lakes

• Score: 72/100
• State rank: #91
• US rank: #6124

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 9,693

Population outlook (Moore County) Hauer SSP2

• Today (2025): 106,902 people
• By 2030: 113,134 · +5.8%
• By 2040: 125,682 · +17.6%
• By 2050: 137,811 · +28.9%
• By 2075: 164,387 · +53.8%
• By 2100: 175,595 · +64.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (75%)
• Race & ethnicity: White 75% Black 13% Two or more races 9% Hispanic / Latino 2%
• Common ancestry: Slovak 5% Lithuanian 4% Serbian 2%
• Foreign-born: 1% · Canada
• Languages at home: 97% English-only · Spanish 2% Chinese 1%

Political lean MEDSL · Moore

• 2024 margin: Strong R (+29.5) · D 34.8% · R 64.3%
• 2008→2024 swing: -8.1pp toward R · 2008: -21.4pp · 2024: -29.5pp
• All cycles: 2024: R+29.5 2020: R+27.4 2016: R+29.6 2012: R+28.1 2008: R+21.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -76.65%
• Current HPI: 177.4703
• 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

+290.9% since first listed

8 events — show timeline

• 2025-12-01 Listed $215,000 Hive MLS
• 2023-09-26 Sold (Public Records) $195,000 Public Records
• 2023-09-26 Sold (MLS) $195,000 Hive MLS
• 2023-09-11 Pending — Hive MLS
• 2023-08-28 Pending — Hive MLS
• 2023-08-21 Listed $200,000 Hive MLS
• 2018-08-10 Sold (MLS) $48,000 Hive MLS
• 2018-04-12 Listed $55,000 Hive MLS

Property tax history

+7.7%/yr

Latest (2024): $428 · +58.3% YoY. Source: county tax records.