13570 N Lake Rd · Engelhard, NC 27824

$134,500

4 bd · 2.0 ba · 1,578 sqft · SingleFamily public records · 104 Days on market

Built 1962 0.55 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 +19.6/30.0
• Appreciation +8.6/10.0
• ARV discount +7.5/15.0
• DSCR +6.2/10.0
• 1% rule +4.4/10.0
• Schools +3.5/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Great find in eastern Hyde County! 4 bedroom 2 bath, brick ranch home in Engelhard, NC, that is not in a flood zone! Perfect for a group or for someone looking for an affordable place to live in the country! Hooked to sewage and county water! Just minutes from public access to the Pamlico Sound and just 45 minutes to the beaches of the Outer Banks! Perfect layout for a group to use as a recreational getaway and great opportunity for someone looking for a permanent residence in the country! The original 3/4'' oak hardwood floors are found throughout the living room, dining room, and 3 of the 4 bedrooms including the master. Entering the front door you find a spacious living room with a large brick fireplace. Two guest bedrooms are through the hall way to your right with a shared Jack and Jill full bathroom. The master bedroom is on the back side of the home (the west side) with ample space, a storage closet, and great natural lighting. The master bath has been recently renovated. The kitchen features painted wooden cabinets and a large pantry. This lot has a large back yard with a small storage building and plenty of room for a second outbuilding. It backs up to a large filed used for farming, so plenty of privacy in the rear of the yard.

Key facts

• Public water access
• Hardwood floors
• 0.55 acre lot

Tags

• HARDWOOD FLOORS
• WOOD BURNING FIREPLACE
• PUBLIC WATER ACCESS
• MINUTES FROM GROCERY SHOPPING
• MINUTES FROM LOCAL PHARMACY
• MINUTES FROM FAMOUS RESTAURANT

Property features AI

Exterior

• Parking: Off-street parking on site (unpaved), no garage
• Utilities: Public water and well available; Sewer connected; Water connected
• Home design: Single family residence; One story (entry level on 1)
• Construction: Brick and frame construction; Brick/mortar and block foundation; Shingle roof; Built as single-story
• Exterior features: Rear porch; Partial wood fencing; Shed(s); Open, level lot; Has a view

Interior

• Kitchen: Gas oven; Gas cooktop; Vented exhaust fan; Refrigerator
• Bedrooms: Total rooms: 8
• Flooring: Laminate; Wood
• Bathrooms: 2 full bathrooms
• Heating & cooling: Wall/window air conditioning units; Wood heating; Fireplace(s); Baseboard heating; Other heating
• Interior features: Ceiling fans; Window coverings; Partially furnished; Accessible full bathroom
• Laundry & utility: Washer and dryer; Laundry located in kitchen; Electric water heater

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $134k.

Deal economics

• At list price, monthly cash flow is $154 ($2k/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 $127k (5.7% below list).
• Recommended offer: $122k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 57/100 on livability (#589 in NC) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, health & safety A+, crime A; Watch: schools F, amenities F, commute F.
• Hyde County Schools (rural): math 36% / reading 47% proficiency, ranked #107 of 178 in NC (top 60%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 5 active listings in the ZIP; 23 units permitted in Hyde County in 2024 (10 in 5+ unit buildings).

Forward outlook

• In year one you build about $11k of equity ($930 loan paydown + $10k appreciation (7.2% local appreciation)).
• Hyde County population projected at -23% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (7.2% appreciation + 3.0% rent growth), your $38k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$37k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 104 days — a 9% lower offer ($122k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 6y 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 $76k; list at $134k implies a 78% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $122,395 (9.0% below list)

Questions for the listing agent

1. It's been on market 104 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1962 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. 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.
7. 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.
8. 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: 0.94% ✗
• Cap rate: 7.67%
• Cash-on-cash: 4.92%
• DSCR: 1.22
• GRM: 8.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

7.25% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 22.2%
• Equity multiple: 2.56×
• Total profit: $58,879
• Equity at exit: $95,443

10-year hold

• IRR: 20.6%
• Equity multiple: 5.34×
• Total profit: $163,536
• Equity at exit: $183,363

Cash invested: $37,660 (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 27824

• Home prices YoY: 4.7%
• Active inventory: 5
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $1,268 medium
• Mortgage (P&I): −$705
• Tax from tax record: −$86 /mo · $1,035/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$266
• Net cashflow: $154

Break-even live

Break-even rent $1,073

Max offer price $134,500

Occupancy floor 83%

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: $33,625
• Closing costs: $4,035
• Reserves months: —
• Total cash needed: —

Listing history 6 events

1. 2026-05-12
   status Pending
2. 2026-04-23
   price $134,500
3. 2026-01-28
   listed $139,900 Active
4. 2021-03-26
   soldstatus $75,500 1263-char remark

   Show marketing remark (1263 chars)

   Great find in eastern Hyde County! 4 bedroom 2 bath, brick ranch home in Engelhard, NC, that is not in a flood zone! Perfect for a group or for someone looking for an affordable place to live in the country! Hooked to sewage and county water! Just minutes from public access to the Pamlico Sound and just 45 minutes to the beaches of the Outer Banks! Perfect layout for a group to use as a recreational getaway and great opportunity for someone looking for a permanent residence in the country! The original 3/4'' oak hardwood floors are found throughout the living room, dining room, and 3 of the 4 bedrooms including the master. Entering the front door you find a spacious living room with a large brick fireplace. Two guest bedrooms are through the hall way to your right with a shared Jack and Jill full bathroom. The master bedroom is on the back side of the home (the west side) with ample space, a storage closet, and great natural lighting. The master bath has been recently renovated. The kitchen features painted wooden cabinets and a large pantry. This lot has a large back yard with a small storage building and plenty of room for a second outbuilding. It backs up to a large filed used for farming, so plenty of privacy in the rear of the yard.

5. 2021-03-26
   soldstatus $75,500

   Show marketing remark (1263 chars)

   Great find in eastern Hyde County! 4 bedroom 2 bath, brick ranch home in Engelhard, NC, that is not in a flood zone! Perfect for a group or for someone looking for an affordable place to live in the country! Hooked to sewage and county water! Just minutes from public access to the Pamlico Sound and just 45 minutes to the beaches of the Outer Banks! Perfect layout for a group to use as a recreational getaway and great opportunity for someone looking for a permanent residence in the country! The original 3/4'' oak hardwood floors are found throughout the living room, dining room, and 3 of the 4 bedrooms including the master. Entering the front door you find a spacious living room with a large brick fireplace. Two guest bedrooms are through the hall way to your right with a shared Jack and Jill full bathroom. The master bedroom is on the back side of the home (the west side) with ample space, a storage closet, and great natural lighting. The master bath has been recently renovated. The kitchen features painted wooden cabinets and a large pantry. This lot has a large back yard with a small storage building and plenty of room for a second outbuilding. It backs up to a large filed used for farming, so plenty of privacy in the rear of the yard.

6. 2020-08-18
   listed $89,900 1263-char remark

   Show marketing remark (1263 chars)

   Great find in eastern Hyde County! 4 bedroom 2 bath, brick ranch home in Engelhard, NC, that is not in a flood zone! Perfect for a group or for someone looking for an affordable place to live in the country! Hooked to sewage and county water! Just minutes from public access to the Pamlico Sound and just 45 minutes to the beaches of the Outer Banks! Perfect layout for a group to use as a recreational getaway and great opportunity for someone looking for a permanent residence in the country! The original 3/4'' oak hardwood floors are found throughout the living room, dining room, and 3 of the 4 bedrooms including the master. Entering the front door you find a spacious living room with a large brick fireplace. Two guest bedrooms are through the hall way to your right with a shared Jack and Jill full bathroom. The master bedroom is on the back side of the home (the west side) with ample space, a storage closet, and great natural lighting. The master bath has been recently renovated. The kitchen features painted wooden cabinets and a large pantry. This lot has a large back yard with a small storage building and plenty of room for a second outbuilding. It backs up to a large filed used for farming, so plenty of privacy in the rear of the yard.

ⓘ 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: $1,035 · $86/mo
• Projected year-2 tax: $1,103 · $92/mo
• Expected delta: +$68/yr (+$6/mo · 6.6%)

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

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 42% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥105°F today · 19 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% 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: $15,222
• − Mortgage interest: −$7,534
• − Property taxes: −$1,035
• − Insurance: −$672
• − Repairs & maintenance: −$1,218
• − Management: −$1,218
• − Depreciation: −$3,913
• Taxable loss: −$368
• Est. tax savings @ 24.0%: +$88
• After-tax cash flow: $1,942/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: Hyde County Schools
• NCES district ID: 3702280
• Math proficiency: 36% ▲ 1.00%
• Reading proficiency: 47% ▲ 4.00%
• Median HH income: $41,288
• Composite: 34.86/100
• National rank: #5089
• State rank: #107 of 178 in NC

Livability — Engelhard

• Score: 57/100
• State rank: #589
• US rank: #21589

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 1,093

Population outlook (Hyde County) Hauer SSP2

• Today (2025): 5,182 people
• By 2030: 4,962 · -4.2%
• By 2040: 4,409 · -14.9%
• By 2050: 3,987 · -23.1%
• By 2075: 3,401 · -34.4%
• By 2100: 2,717 · -47.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.67)
• Race & ethnicity: White 44% Black 32% Two or more races 23% Hispanic / Latino 19%
• Hispanic origin (detail): Mexican 10% Cuban 3% Salvadoran 2%
• Common ancestry: Serbian 8% Romanian 4%
• Foreign-born: 8% · Canada
• Languages at home: 86% English-only · Spanish 14%

Political lean MEDSL · Hyde

• 2024 margin: Strong R (+22.1) · D 38.5% · R 60.6%
• 2008→2024 swing: -23.3pp toward R · 2008: 1.2pp · 2024: -22.1pp
• All cycles: 2024: R+22.1 2020: R+14.9 2016: R+14.0 2012: R+1.1 2008: D+1.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 7.25%
• Current HPI: 163.0597
• 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

+49.6% since first listed

6 events — show timeline

• 2026-05-12 Pending — Hive MLS
• 2026-04-23 Price Changed $134,500 Hive MLS
• 2026-01-28 Listed $139,900 Hive MLS
• 2021-03-26 Sold (Public Records) $75,500 Public Records
• 2021-03-26 Sold (MLS) $75,500 Hive MLS
• 2020-08-18 Listed $89,900 Hive MLS

Property tax history

+9.1%/yr

Latest (2025): $1,035 · +0.0% YoY. Source: county tax records.