1113 Nash E · Wilson, NC 27893

$150,000

4 bd · 2.0 ba · 2,036 sqft · SingleFamily public records · 99 Days on market

Built 1935 5,663 sqft lot Est $210k · 28% under

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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 +20.9/30.0
• ARV discount +15.0/15.0
• DSCR +6.7/10.0
• 1% rule +4.6/10.0
• Rent growth +4.3/5.0
• Schools +3.3/10.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Located just minutes from downtown Wilson, this five-bedroom, two-bath home offers generous space and a layout ready to be shaped to fit a variety of needs. Classic hardwood floors add character throughout, while recent updates including newer plumbing, a water heater installed in May 2025, and updated HVAC systems for both levels provide a strong foundation for future improvements. The home's size allows for flexible living arrangements, whether for multi-room use, work-from-home options, or additional gathering space. Outside, a fenced backyard offers a private area for outdoor enjoyment, and the driveway provides convenient off-street parking. With its combination of square footage, key system updates, and proximity to downtown Wilson, this property presents a versatile opportunity for those looking to personalize a home or invest in additional potential.

Key facts

• Newer plumbing
• Newer water heater
• Fenced backyard

Tags

• HARDWOOD FLOORS
• NEWER PLUMBING
• NEWER WATER HEATER
• RECENTLY INSTALLED HVAC
• FENCED BACKYARD
• OFF-STREET PARKING

Property features AI

Finance

• Other: Lot approximately 0.13 acres (city street frontage, paved public road)
• HOA & community: No association

Exterior

• Parking: Concrete parking surface
• Utilities: Public water; Public sewer; Natural gas connected; Sewer connected; Water connected
• Home design: House; Two levels
• Construction: Wood siding exterior; Metal roof
• Exterior features: Covered front porch; Back yard chain-link fence; Shed(s) on the property; Property listed as fixer condition

Interior

• Kitchen: Dishwasher; Electric range; Microwave
• Bedrooms: 5 bedrooms
• Flooring: Tile flooring; Wood flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Gas pack and heat pump heating (natural gas); Central air and heat pump cooling
• Interior features: Primary suite located on the lower level; Storm door(s); Living room fireplace (1)
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $209 ($3k/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 $143k (4.4% below list).
• Recommended offer: $136k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 64/100 on livability (#374 in NC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A; Watch: crime F, amenities F, commute F.
• Wilson County Schools (rural): math 38% / reading 40% proficiency, ranked #119 of 178 in NC (top 67%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Charles H Darden Middle (math 17% / reading 25%, grade F, #424 of 475 statewide, top 90%, 441 students, 99% FRL) — zoned schools average 99% FRL vs 58% district-wide (41 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 21% at this address vs 39% district-wide (-18 pts) — the specific schools serving this property underperform the Wilson County Schools average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising fast (+7.0%/yr); 261 active listings in the ZIP; lower-income renter base — watch delinquency; 580 units permitted in Wilson County in 2024 (168 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 $4k of value loss. Plan a longer hold.
• Wilson County population projected to shrink 5% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 7.0% rent growth), your $42k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 99 days — a 9% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 8y ago; this cycle's ask has dropped $20k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $60k; list at $150k implies a 150% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1935 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 78% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $136,500 (9.0% below list)

Questions for the listing agent

1. It's been on market 99 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 1935 — 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. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. 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.
8. 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.
9. 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: 0.96% ✗
• Cap rate: 7.96%
• Cash-on-cash: 5.97%
• DSCR: 1.27
• GRM: 8.7

CMA / ARV

• ARV (on-the-fly): $209,708
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
405 Vance St E	0.62mi	3/2.0 (-1)	1,987 (-2%)	13mo	$45,500	$23	51
313 Railroad St E	0.71mi	4/3.0	2,222 (+9%)	11mo	$228,000	$103	39

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 · 7.01% rent growth · sell at horizon

5-year hold

• IRR: -3.1%
• Equity multiple: 0.88×
• Total profit: $-5,039
• Equity at exit: $22,365

10-year hold

• IRR: 10.3%
• Equity multiple: 1.94×
• Total profit: $39,365
• Equity at exit: $12,969

Cash invested: $42,000 (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 27893

• Rents YoY: 7.0%
• Active inventory: 261
• Price-to-rent: 8.7×

Monthly cashflow live

• Estimated rent: $1,434 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$75 /mo · $897/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$301
• Net cashflow: $209

Break-even live

Break-even rent $1,169

Max offer price $150,000

Occupancy floor 80%

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Listing history 26 events

1. 2026-06-19
   days on market $150,000 Active 99 DOM
2. 2026-06-18
   days on market $150,000 Active 98 DOM
3. 2026-06-17
   days on market $150,000 Active 97 DOM
4. 2026-06-16
   days on market $150,000 Active 96 DOM
5. 2026-06-15
   days on market $150,000 Active 95 DOM
6. 2026-06-14
   days on market $150,000 Active 93 DOM
7. 2026-06-13
   days on market $150,000 Active 92 DOM
8. 2026-06-10
   days on market $150,000 Active 90 DOM
9. 2026-06-09
   days on market $150,000 Active 89 DOM
10. 2026-06-08
    days on market $150,000 Active 88 DOM
11. 2026-06-07
    days on market $150,000 Active 87 DOM
12. 2026-06-05
    days on market $150,000 Active 84 DOM
13. 2026-06-03
    days on market $150,000 Active 83 DOM
14. 2026-06-02
    days on market $150,000 Active 82 DOM
15. 2026-06-01
    days on market $150,000 Active 81 DOM
16. 2026-05-31
    days on market $150,000 Active 80 DOM
17. 2026-05-30
    days on market $150,000 Active 79 DOM
18. 2026-04-06
    price $150,000 870-char remark

    Show marketing remark (870 chars)

    Located just minutes from downtown Wilson, this five-bedroom, two-bath home offers generous space and a layout ready to be shaped to fit a variety of needs. Classic hardwood floors add character throughout, while recent updates including newer plumbing, a water heater installed in May 2025, and updated HVAC systems for both levels provide a strong foundation for future improvements. The home's size allows for flexible living arrangements, whether for multi-room use, work-from-home options, or additional gathering space. Outside, a fenced backyard offers a private area for outdoor enjoyment, and the driveway provides convenient off-street parking. With its combination of square footage, key system updates, and proximity to downtown Wilson, this property presents a versatile opportunity for those looking to personalize a home or invest in additional potential.

19. 2026-04-06
    price $150,000

    Show marketing remark (870 chars)

    Located just minutes from downtown Wilson, this five-bedroom, two-bath home offers generous space and a layout ready to be shaped to fit a variety of needs. Classic hardwood floors add character throughout, while recent updates including newer plumbing, a water heater installed in May 2025, and updated HVAC systems for both levels provide a strong foundation for future improvements. The home's size allows for flexible living arrangements, whether for multi-room use, work-from-home options, or additional gathering space. Outside, a fenced backyard offers a private area for outdoor enjoyment, and the driveway provides convenient off-street parking. With its combination of square footage, key system updates, and proximity to downtown Wilson, this property presents a versatile opportunity for those looking to personalize a home or invest in additional potential.

20. 2026-03-12
    listed $170,000 Active 870-char remark

    Show marketing remark (870 chars)

    Located just minutes from downtown Wilson, this five-bedroom, two-bath home offers generous space and a layout ready to be shaped to fit a variety of needs. Classic hardwood floors add character throughout, while recent updates including newer plumbing, a water heater installed in May 2025, and updated HVAC systems for both levels provide a strong foundation for future improvements. The home's size allows for flexible living arrangements, whether for multi-room use, work-from-home options, or additional gathering space. Outside, a fenced backyard offers a private area for outdoor enjoyment, and the driveway provides convenient off-street parking. With its combination of square footage, key system updates, and proximity to downtown Wilson, this property presents a versatile opportunity for those looking to personalize a home or invest in additional potential.

21. 2026-03-12
    listed $170,000 Active

    Show marketing remark (870 chars)

    Located just minutes from downtown Wilson, this five-bedroom, two-bath home offers generous space and a layout ready to be shaped to fit a variety of needs. Classic hardwood floors add character throughout, while recent updates including newer plumbing, a water heater installed in May 2025, and updated HVAC systems for both levels provide a strong foundation for future improvements. The home's size allows for flexible living arrangements, whether for multi-room use, work-from-home options, or additional gathering space. Outside, a fenced backyard offers a private area for outdoor enjoyment, and the driveway provides convenient off-street parking. With its combination of square footage, key system updates, and proximity to downtown Wilson, this property presents a versatile opportunity for those looking to personalize a home or invest in additional potential.

22. 2019-07-12
    soldstatus $60,000 125-char remark

    Show marketing remark (125 chars)

    Well kept home. Four to five bedrooms with one down. Hardwood floors, tiles in kitchen, granite counter top. Fenced backyard.

23. 2019-07-12
    soldstatus $60,000

    Show marketing remark (125 chars)

    Well kept home. Four to five bedrooms with one down. Hardwood floors, tiles in kitchen, granite counter top. Fenced backyard.

24. 2019-05-01
    listed $65,000 125-char remark

    Show marketing remark (125 chars)

    Well kept home. Four to five bedrooms with one down. Hardwood floors, tiles in kitchen, granite counter top. Fenced backyard.

25. 2019-01-10
    historical
26. 2018-10-04
    listed $65,000

ⓘ 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: $897 · $75/mo
• Projected year-2 tax: $1,230 · $102/mo
• Expected delta: +$333/yr (+$28/mo · 37.1%)

ⓘ 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 7/10 Severe 7 d/yr ≥107°F today · 16 d/yr by 30 yrs out
• 💨 Wind 7/10 Severe 78% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,205
• − Mortgage interest: −$8,402
• − Property taxes: −$897
• − Insurance: −$750
• − Repairs & maintenance: −$1,376
• − Management: −$1,376
• − Depreciation: −$4,364
• Taxable income: $39
• Est. tax owed @ 24.0%: −$9
• After-tax cash flow: $2,496/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: Wilson County Schools
• NCES district ID: 3705020
• Math proficiency: 38% ▲ 2.00%
• Reading proficiency: 40% ▼ -1.00%
• Median HH income: $39,342
• Composite: 32.64/100
• National rank: #5665
• State rank: #119 of 178 in NC

Livability — Wilson

• Score: 64/100
• State rank: #374
• US rank: #14674

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wilson, NC
• County: Wilson County · 57,967 people
• City population: 57,967
• Metro: Wilson, NC
• Population (ZIP): 38,512
• Household income: $42,810
• Rent vs Own: 55.8% rent · 44.2% own
• Severe rent burden: 2175.0

Population outlook (Wilson County) Hauer SSP2

• Today (2025): 82,765 people
• By 2030: 82,492 · -0.3%
• By 2040: 81,054 · -2.1%
• By 2050: 78,610 · -5.0%
• By 2075: 71,865 · -13.2%
• By 2100: 62,792 · -24.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: Black 55% White 27% Hispanic / Latino 16% Two or more races 5%
• Hispanic origin (detail): Mexican 13%
• Common ancestry: Serbian 1% Slovak 1% Lithuanian 1%
• Foreign-born: 6% · Canada, Jamaica
• Languages at home: 86% English-only · Spanish 13%

Political lean MEDSL · Wilson

• 2024 margin: Toss-up / Even · D 49.8% · R 49.4%
• 2008→2024 swing: -5.7pp toward R · 2008: 6.1pp · 2024: 0.4pp
• All cycles: 2024: D+0.4 2020: D+2.9 2016: D+5.6 2012: D+7.3 2008: D+6.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -149.54%
• Current HPI: 211.4136
• Rent YoY: ▲ 7.01%
• Metro: Wilson, 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

+130.8% since first listed

9 events — show timeline

• 2026-04-06 Price Changed $150,000 Hive MLS
• 2026-04-06 Price Changed $150,000 TMLS
• 2026-03-12 Listed $170,000 TMLS
• 2026-03-12 Listed $170,000 Hive MLS
• 2019-07-12 Sold (Public Records) $60,000 Public Records
• 2019-07-12 Sold (MLS) $60,000 Hive MLS
• 2019-05-01 Listed $65,000 Hive MLS
• 2019-01-10 Listing Removed — Hive MLS
• 2018-10-04 Listed $65,000 Hive MLS

Property tax history

+1.3%/yr

Latest (2025): $897 · +0.0% YoY. Source: county tax records.