6381 Eagle Landing Dr · Trinity, NC 27370

$222,000

3 bd · 2.0 ba · 1,512 sqft · Manufactured public records · 67 Days on market

Built 2000 1.00 ac lot Est $240k · 8% under

---

Why this score? — see what drove the D 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 +13.5/30.0
• ARV discount +10.9/15.0
• DSCR +4.1/10.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• 1% rule +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Back on the Market & No Fault of Seller. This Move-in condition home offers the popular split bedroom (3) plan that has a spacious living room and den that is open to the kitchen. The kitchen offers an island bar and lots of counter top space. The master bath offers new LVP Flooring, a corner garden tub and a brand new shower. New LVP Floors in the bathrooms, kitchen and the laundry room. You will love the above ground pool for these Hot Summer Days. Home is located in Wheatmore School District.

Key facts

• Soaking tub
• One full acre
• Large closet space

Tags

• ONE FULL ACRE
• SOAKING TUB
• LARGE CLOSET SPACE
• WHEATMORE SCHOOL DISTRICT

Property features AI

Finance

• Other: Public maintained road
• HOA & community: No homeowners association; Subdivision: Eagle Creek

Exterior

• Parking: Driveway (gravel)
• Security: Deadbolt locks
• Utilities: Public water; Septic tank; Electric water heater; Electric power
• Home design: Manufactured home (double wide); One level; Built in 2000; Existing structure
• Construction: Vinyl siding; Crawl space foundation
• Exterior features: No fencing; Storage building on property; Lot approximately 1 acre (subject to survey)

Interior

• Kitchen: Dishwasher; Free-standing range
• Bedrooms: Primary bedroom on main level
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Heat pump; Electric heating; Central air conditioning
• Interior features: Ceiling fans; Deadbolt locks; Primary bedroom on main level
• Laundry & utility: Washer hookup; Dryer connection on main level; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $222k.

Deal economics

• At list price, monthly cash flow is $7 ($87/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 $170k (23.6% below list).
• Recommended offer: $170k (23.6% below list) — sets the bar for 1% rule.
• Cap rate 6.3% vs local median 3.4% in Trinity — 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 69/100 on livability (#161 in NC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Randolph County School System (rural): math 43% / reading 43% proficiency, ranked #94 of 178 in NC (top 53%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Hopewell Elementary School (math 69% / reading 60%, grade B, #147 of 1,410 statewide, top 11%, 679 students, 50% FRL); Wheatmore High School (math 67% / reading 57%, grade B-, #184 of 535 statewide, top 37%, 677 students, 44% FRL) — zoned schools at 47% FRL track the district average.
• Zoned-school proficiency averages 63% at this address vs 43% district-wide (+20 pts) — the actual schools serving this property are materially stronger than the Randolph County School System average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: 117 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 789 units permitted in Randolph County in 2024 (168 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 $7k of value loss. Plan a longer hold.
• Randolph County population projected to shrink 10% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 67 days — a 6% lower offer ($209k) is reasonable based on typical stale-listing flexibility.
• 3 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 $125k; list at $222k implies a 78% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $169,500 (23.6% below list)

Questions for the listing agent

1. It's been on market 67 days. Have you received any prior offers? Is the seller open to a 24% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 0.76% ✗
• Cap rate: 6.33%
• Cash-on-cash: 0.14%
• DSCR: 1.01
• GRM: 10.9

CMA / ARV

• ARV (on-the-fly): $240,408
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6381 Eagle Landing Dr	0.00mi	3/2.0	1,517 (+0%)	1mo	$220,000	$145	99
2837 Refuge Church Dr	0.59mi	3/2.0	1,512 (0%)	12mo	$240,000	$159	62

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: -16.1%
• Equity multiple: 0.43×
• Total profit: $-35,609
• Equity at exit: $33,101

10-year hold

• IRR: -7.9%
• Equity multiple: 0.50×
• Total profit: $-30,812
• Equity at exit: $19,195

Cash invested: $62,160 (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 27370

• Home prices YoY: -9.9%
• Active inventory: 117
• Price-to-rent: 10.9×

Monthly cashflow live

• Estimated rent: $1,695 medium
• Mortgage (P&I): −$1,164
• Tax from tax record: −$75 /mo · $901/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$356
• Net cashflow: $7

Break-even live

Break-even rent $1,686

Max offer price $222,000

Occupancy floor 95%

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: $55,500
• Closing costs: $6,660
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7076 Kennedy Rd Trinity, NC	3.0	2.0	1395	$1,695	$1.22	14d	1	1.41mi

Listing history 17 events

1. 2026-05-21
   status Pending
2. 2026-04-29
   historical Due Diligence Period
3. 2026-04-23
   price $222,000
4. 2026-04-15
   price $222,500
5. 2026-04-01
   price $223,500
6. 2026-03-14
   listed $225,000 Active
7. 2020-09-30
   soldstatus $125,000 Closed 504-char remark

   Show marketing remark (504 chars)

   Back on the Market & No Fault of Seller. This Move-in condition home offers the popular split bedroom (3) plan that has a spacious living room and den that is open to the kitchen. The kitchen offers an island bar and lots of counter top space. The master bath offers new LVP Flooring, a corner garden tub and a brand new shower. New LVP Floors in the bathrooms, kitchen and the laundry room. You will love the above ground pool for these Hot Summer Days. Home is located in Wheatmore School District.

8. 2020-09-29
   soldstatus $125,000
9. 2020-09-15
   status Pending 504-char remark

   Show marketing remark (504 chars)

   Back on the Market & No Fault of Seller. This Move-in condition home offers the popular split bedroom (3) plan that has a spacious living room and den that is open to the kitchen. The kitchen offers an island bar and lots of counter top space. The master bath offers new LVP Flooring, a corner garden tub and a brand new shower. New LVP Floors in the bathrooms, kitchen and the laundry room. You will love the above ground pool for these Hot Summer Days. Home is located in Wheatmore School District.

10. 2020-08-23
    historical Due Diligence Period 504-char remark

    Show marketing remark (504 chars)

    Back on the Market & No Fault of Seller. This Move-in condition home offers the popular split bedroom (3) plan that has a spacious living room and den that is open to the kitchen. The kitchen offers an island bar and lots of counter top space. The master bath offers new LVP Flooring, a corner garden tub and a brand new shower. New LVP Floors in the bathrooms, kitchen and the laundry room. You will love the above ground pool for these Hot Summer Days. Home is located in Wheatmore School District.

11. 2020-08-20
    price $129,500 504-char remark

    Show marketing remark (504 chars)

    Back on the Market & No Fault of Seller. This Move-in condition home offers the popular split bedroom (3) plan that has a spacious living room and den that is open to the kitchen. The kitchen offers an island bar and lots of counter top space. The master bath offers new LVP Flooring, a corner garden tub and a brand new shower. New LVP Floors in the bathrooms, kitchen and the laundry room. You will love the above ground pool for these Hot Summer Days. Home is located in Wheatmore School District.

12. 2020-08-20
    status Active 504-char remark

    Show marketing remark (504 chars)

    Back on the Market & No Fault of Seller. This Move-in condition home offers the popular split bedroom (3) plan that has a spacious living room and den that is open to the kitchen. The kitchen offers an island bar and lots of counter top space. The master bath offers new LVP Flooring, a corner garden tub and a brand new shower. New LVP Floors in the bathrooms, kitchen and the laundry room. You will love the above ground pool for these Hot Summer Days. Home is located in Wheatmore School District.

13. 2020-08-20
    status Pending 504-char remark

    Show marketing remark (504 chars)

    Back on the Market & No Fault of Seller. This Move-in condition home offers the popular split bedroom (3) plan that has a spacious living room and den that is open to the kitchen. The kitchen offers an island bar and lots of counter top space. The master bath offers new LVP Flooring, a corner garden tub and a brand new shower. New LVP Floors in the bathrooms, kitchen and the laundry room. You will love the above ground pool for these Hot Summer Days. Home is located in Wheatmore School District.

14. 2020-07-30
    historical Due Diligence Period 504-char remark

    Show marketing remark (504 chars)

    Back on the Market & No Fault of Seller. This Move-in condition home offers the popular split bedroom (3) plan that has a spacious living room and den that is open to the kitchen. The kitchen offers an island bar and lots of counter top space. The master bath offers new LVP Flooring, a corner garden tub and a brand new shower. New LVP Floors in the bathrooms, kitchen and the laundry room. You will love the above ground pool for these Hot Summer Days. Home is located in Wheatmore School District.

15. 2020-07-22
    listed $126,500 Active 504-char remark

    Show marketing remark (504 chars)

    Back on the Market & No Fault of Seller. This Move-in condition home offers the popular split bedroom (3) plan that has a spacious living room and den that is open to the kitchen. The kitchen offers an island bar and lots of counter top space. The master bath offers new LVP Flooring, a corner garden tub and a brand new shower. New LVP Floors in the bathrooms, kitchen and the laundry room. You will love the above ground pool for these Hot Summer Days. Home is located in Wheatmore School District.

16. 2006-04-18
    soldstatus $90,000
17. 2000-10-17
    soldstatus $86,000

ⓘ 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: $901 · $75/mo
• Projected year-2 tax: $1,820 · $152/mo
• Expected delta: +$919/yr (+$77/mo · 102.0%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥103°F today · 16 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 15% 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: $20,340
• − Mortgage interest: −$12,435
• − Property taxes: −$901
• − Insurance: −$1,110
• − Repairs & maintenance: −$1,627
• − Management: −$1,627
• − Depreciation: −$6,458
• Taxable loss: −$3,819
• Est. tax savings @ 24.0%: +$917
• After-tax cash flow: $1,004/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: Randolph County School System
• NCES district ID: 3703780
• Math proficiency: 43% ▲ 1.00%
• Reading proficiency: 43% ▲ 2.00%
• Median HH income: $43,490
• Composite: 36.37/100
• National rank: #4686
• State rank: #94 of 178 in NC

Livability — Trinity

• Score: 69/100
• State rank: #161
• US rank: #8823

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 15,223

Population outlook (Randolph County) Hauer SSP2

• Today (2025): 142,640 people
• By 2030: 140,911 · -1.2%
• By 2040: 135,692 · -4.9%
• By 2050: 128,575 · -9.9%
• By 2075: 111,507 · -21.8%
• By 2100: 93,376 · -34.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Hispanic / Latino 5% Two or more races 3% Black 2% Asian 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Serbian 5% Slovak 5% Iranian 3%
• Foreign-born: 1% · Canada
• Languages at home: 96% English-only · Spanish 3% Tagalog/Filipino 1%

Political lean MEDSL · Randolph

• 2024 margin: Solid R (+57.2) · D 21.0% · R 78.3%
• 2008→2024 swing: -15.0pp toward R · 2008: -42.3pp · 2024: -57.2pp
• All cycles: 2024: R+57.2 2020: R+56.3 2016: R+56.7 2012: R+50.2 2008: R+42.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -26.61%
• Current HPI: 242.2984
• 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

+158.1% since first listed

17 events — show timeline

• 2026-05-21 Pending — Triad MLS
• 2026-04-29 Contingent — Triad MLS
• 2026-04-23 Price Changed $222,000 Triad MLS
• 2026-04-15 Price Changed $222,500 Triad MLS
• 2026-04-01 Price Changed $223,500 Triad MLS
• 2026-03-14 Listed $225,000 Triad MLS
• 2020-09-30 Sold (MLS) $125,000 Triad MLS
• 2020-09-29 Sold (Public Records) $125,000 Public Records
• 2020-09-15 Pending — Triad MLS
• 2020-08-23 Contingent — Triad MLS
• 2020-08-20 Price Changed $129,500 Triad MLS
• 2020-08-20 Relisted — Triad MLS
• 2020-08-20 Pending — Triad MLS
• 2020-07-30 Contingent — Triad MLS
• 2020-07-22 Listed $126,500 Triad MLS
• 2006-04-18 Sold (Public Records) $90,000 Public Records
• 2000-10-17 Sold (Public Records) $86,000 Public Records

Property tax history

+3.8%/yr

Latest (2025): $901 · +1.5% YoY. Source: county tax records.