4516 Us 301 · Four Oaks, NC 27524

$150,000

3 bd · 2.0 ba · 1,884 sqft · SingleFamily public records · 42 Days on market

Built 1920 1.66 ac lot ↓ 22% since listing

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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 +26.6/30.0
• DSCR +9.1/10.0
• ARV discount +7.5/15.0
• 1% rule +6.7/10.0
• Schools +3.5/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great location!! Calling All Investors!! Most desired Four Oaks School District!!! Just minutes from I95 and HWY 301. Three bedrooms, two bath home! Corner, ROAD FRONT lot boasting over 1.5 acres!!! This lot could possibly be used for commercial purposes!! There is a 10 day upset bid. The upset bid amount is 10% of the first $1,000 of the price and 5% of the balance. Home is sold AS IS and NO showings are allowed!!

Key facts

• 1.66 acre lot
• 2 parking spots
• Built 1920

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $400 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $146k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 67/100 on livability (#210 in NC) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F.
• Johnston County Public Schools (rural): math 39% / reading 42% proficiency, ranked #105 of 178 in NC (top 59%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: South Johnston High (math 27% / reading 27%, grade F, #468 of 535 statewide, top 88%, 1,331 students, 56% FRL) — zoned schools average 56% FRL vs 41% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 27% at this address vs 40% district-wide (-14 pts) — the specific schools serving this property underperform the Johnston County Public Schools average; the district grade overstates school quality for this exact location.
• Market conditions: 179 active listings in the ZIP; 2,783 units permitted in Johnston County in 2024 (6 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.
• Johnston County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% 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 42 days — a 3% lower offer ($146k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 10y 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 $116k; 30% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 78% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $145,500 (3.0% below list)

Questions for the listing agent

1. It's been on market 42 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.17% ✓
• Cap rate: 9.49%
• Cash-on-cash: 11.42%
• DSCR: 1.51
• GRM: 7.1

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: 0.7%
• Equity multiple: 1.03×
• Total profit: $1,153
• Equity at exit: $22,365

10-year hold

• IRR: 10.4%
• Equity multiple: 1.80×
• Total profit: $33,780
• 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 27524

• Home prices YoY: -8.4%
• Active inventory: 179
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $1,759 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$140 /mo · $1,685/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$369
• Net cashflow: $400

Break-even live

Break-even rent $1,253

Max offer price $150,000

Occupancy floor 72%

Sensitivity live

Price	-10% $485	-5% $442	+0% $400	+5% $357	+10% $315
Rent	-10% $261	-5% $330	+0% $400	+5% $469	+10% $539
Rate	-1.0pp $475	-0.5pp $438	base $400	+0.5pp $361	+1.0pp $321

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 19 events

1. 2025-12-11
   status Pending 418-char remark

   Show marketing remark (418 chars)

   Great location!! Calling All Investors!! Most desired Four Oaks School District!!! Just minutes from I95 and HWY 301. Three bedrooms, two bath home! Corner, ROAD FRONT lot boasting over 1.5 acres!!! This lot could possibly be used for commercial purposes!! There is a 10 day upset bid. The upset bid amount is 10% of the first $1,000 of the price and 5% of the balance. Home is sold AS IS and NO showings are allowed!!

2. 2025-09-02
   soldstatus $115,500
3. 2025-02-28
   status Pending 418-char remark

   Show marketing remark (418 chars)

   Great location!! Calling All Investors!! Most desired Four Oaks School District!!! Just minutes from I95 and HWY 301. Three bedrooms, two bath home! Corner, ROAD FRONT lot boasting over 1.5 acres!!! This lot could possibly be used for commercial purposes!! There is a 10 day upset bid. The upset bid amount is 10% of the first $1,000 of the price and 5% of the balance. Home is sold AS IS and NO showings are allowed!!

4. 2025-02-28
   status Pending

   Show marketing remark (418 chars)

   Great location!! Calling All Investors!! Most desired Four Oaks School District!!! Just minutes from I95 and HWY 301. Three bedrooms, two bath home! Corner, ROAD FRONT lot boasting over 1.5 acres!!! This lot could possibly be used for commercial purposes!! There is a 10 day upset bid. The upset bid amount is 10% of the first $1,000 of the price and 5% of the balance. Home is sold AS IS and NO showings are allowed!!

5. 2025-01-30
   status Active 418-char remark

   Show marketing remark (418 chars)

   Great location!! Calling All Investors!! Most desired Four Oaks School District!!! Just minutes from I95 and HWY 301. Three bedrooms, two bath home! Corner, ROAD FRONT lot boasting over 1.5 acres!!! This lot could possibly be used for commercial purposes!! There is a 10 day upset bid. The upset bid amount is 10% of the first $1,000 of the price and 5% of the balance. Home is sold AS IS and NO showings are allowed!!

6. 2025-01-30
   status Active

   Show marketing remark (418 chars)

   Great location!! Calling All Investors!! Most desired Four Oaks School District!!! Just minutes from I95 and HWY 301. Three bedrooms, two bath home! Corner, ROAD FRONT lot boasting over 1.5 acres!!! This lot could possibly be used for commercial purposes!! There is a 10 day upset bid. The upset bid amount is 10% of the first $1,000 of the price and 5% of the balance. Home is sold AS IS and NO showings are allowed!!

7. 2024-10-02
   status Pending 418-char remark

   Show marketing remark (418 chars)

   Great location!! Calling All Investors!! Most desired Four Oaks School District!!! Just minutes from I95 and HWY 301. Three bedrooms, two bath home! Corner, ROAD FRONT lot boasting over 1.5 acres!!! This lot could possibly be used for commercial purposes!! There is a 10 day upset bid. The upset bid amount is 10% of the first $1,000 of the price and 5% of the balance. Home is sold AS IS and NO showings are allowed!!

8. 2024-09-30
   status Pending
9. 2024-09-12
   listed $150,000 Active 418-char remark

   Show marketing remark (418 chars)

   Great location!! Calling All Investors!! Most desired Four Oaks School District!!! Just minutes from I95 and HWY 301. Three bedrooms, two bath home! Corner, ROAD FRONT lot boasting over 1.5 acres!!! This lot could possibly be used for commercial purposes!! There is a 10 day upset bid. The upset bid amount is 10% of the first $1,000 of the price and 5% of the balance. Home is sold AS IS and NO showings are allowed!!

10. 2024-09-12
    listed $150,000 Active

    Show marketing remark (418 chars)

    Great location!! Calling All Investors!! Most desired Four Oaks School District!!! Just minutes from I95 and HWY 301. Three bedrooms, two bath home! Corner, ROAD FRONT lot boasting over 1.5 acres!!! This lot could possibly be used for commercial purposes!! There is a 10 day upset bid. The upset bid amount is 10% of the first $1,000 of the price and 5% of the balance. Home is sold AS IS and NO showings are allowed!!

11. 2017-08-25
    soldstatus $60,000 Closed 509-char remark

    Show marketing remark (509 chars)

    BACK ON THE MARKET AND PRICE REDUCED!!! THIS HOME HAS SO MUCH POTENTIAL, NEEDS A LITTLE TLC, BUT WHO DOES'NT? UP UNTIL 3 YEARS AGO, THIS HOME WAS OCCUPIED WITH 2 SEMI PRIVATE LIVING SPACES, WITH SEPERATE ENTRANCES! QUAINT FARM HOUSE STYLE, COULD BE RESTORED TO IT'S OLD GLORY DAYS! POSSIBLE LOCATION POTENTIAL FOR COMMERCIAL USE AS WELL TON'S OF ROAD FRONTAGE AT THE INTERSECTION OF I-95 AND 301/701 CALLING ALL INVESTORS, OR SOMEONE THAT CAN APPRECIATE WHAT WE HAVE TO OFFER! CALL TODAY FOR MORE INFORMATION.

12. 2017-07-14
    status Pending 509-char remark

    Show marketing remark (509 chars)

    BACK ON THE MARKET AND PRICE REDUCED!!! THIS HOME HAS SO MUCH POTENTIAL, NEEDS A LITTLE TLC, BUT WHO DOES'NT? UP UNTIL 3 YEARS AGO, THIS HOME WAS OCCUPIED WITH 2 SEMI PRIVATE LIVING SPACES, WITH SEPERATE ENTRANCES! QUAINT FARM HOUSE STYLE, COULD BE RESTORED TO IT'S OLD GLORY DAYS! POSSIBLE LOCATION POTENTIAL FOR COMMERCIAL USE AS WELL TON'S OF ROAD FRONTAGE AT THE INTERSECTION OF I-95 AND 301/701 CALLING ALL INVESTORS, OR SOMEONE THAT CAN APPRECIATE WHAT WE HAVE TO OFFER! CALL TODAY FOR MORE INFORMATION.

13. 2017-03-31
    price $99,900 509-char remark

    Show marketing remark (509 chars)

    BACK ON THE MARKET AND PRICE REDUCED!!! THIS HOME HAS SO MUCH POTENTIAL, NEEDS A LITTLE TLC, BUT WHO DOES'NT? UP UNTIL 3 YEARS AGO, THIS HOME WAS OCCUPIED WITH 2 SEMI PRIVATE LIVING SPACES, WITH SEPERATE ENTRANCES! QUAINT FARM HOUSE STYLE, COULD BE RESTORED TO IT'S OLD GLORY DAYS! POSSIBLE LOCATION POTENTIAL FOR COMMERCIAL USE AS WELL TON'S OF ROAD FRONTAGE AT THE INTERSECTION OF I-95 AND 301/701 CALLING ALL INVESTORS, OR SOMEONE THAT CAN APPRECIATE WHAT WE HAVE TO OFFER! CALL TODAY FOR MORE INFORMATION.

14. 2017-03-31
    status Active 509-char remark

    Show marketing remark (509 chars)

    BACK ON THE MARKET AND PRICE REDUCED!!! THIS HOME HAS SO MUCH POTENTIAL, NEEDS A LITTLE TLC, BUT WHO DOES'NT? UP UNTIL 3 YEARS AGO, THIS HOME WAS OCCUPIED WITH 2 SEMI PRIVATE LIVING SPACES, WITH SEPERATE ENTRANCES! QUAINT FARM HOUSE STYLE, COULD BE RESTORED TO IT'S OLD GLORY DAYS! POSSIBLE LOCATION POTENTIAL FOR COMMERCIAL USE AS WELL TON'S OF ROAD FRONTAGE AT THE INTERSECTION OF I-95 AND 301/701 CALLING ALL INVESTORS, OR SOMEONE THAT CAN APPRECIATE WHAT WE HAVE TO OFFER! CALL TODAY FOR MORE INFORMATION.

15. 2017-03-08
    status Pending 509-char remark

    Show marketing remark (509 chars)

    BACK ON THE MARKET AND PRICE REDUCED!!! THIS HOME HAS SO MUCH POTENTIAL, NEEDS A LITTLE TLC, BUT WHO DOES'NT? UP UNTIL 3 YEARS AGO, THIS HOME WAS OCCUPIED WITH 2 SEMI PRIVATE LIVING SPACES, WITH SEPERATE ENTRANCES! QUAINT FARM HOUSE STYLE, COULD BE RESTORED TO IT'S OLD GLORY DAYS! POSSIBLE LOCATION POTENTIAL FOR COMMERCIAL USE AS WELL TON'S OF ROAD FRONTAGE AT THE INTERSECTION OF I-95 AND 301/701 CALLING ALL INVESTORS, OR SOMEONE THAT CAN APPRECIATE WHAT WE HAVE TO OFFER! CALL TODAY FOR MORE INFORMATION.

16. 2017-02-07
    listed $109,900 Active 509-char remark

    Show marketing remark (509 chars)

    BACK ON THE MARKET AND PRICE REDUCED!!! THIS HOME HAS SO MUCH POTENTIAL, NEEDS A LITTLE TLC, BUT WHO DOES'NT? UP UNTIL 3 YEARS AGO, THIS HOME WAS OCCUPIED WITH 2 SEMI PRIVATE LIVING SPACES, WITH SEPERATE ENTRANCES! QUAINT FARM HOUSE STYLE, COULD BE RESTORED TO IT'S OLD GLORY DAYS! POSSIBLE LOCATION POTENTIAL FOR COMMERCIAL USE AS WELL TON'S OF ROAD FRONTAGE AT THE INTERSECTION OF I-95 AND 301/701 CALLING ALL INVESTORS, OR SOMEONE THAT CAN APPRECIATE WHAT WE HAVE TO OFFER! CALL TODAY FOR MORE INFORMATION.

17. 2017-01-31
    historical
18. 2016-08-30
    price $129,000
19. 2016-05-03
    listed $149,000 Active

ⓘ 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: $1,685 · $140/mo
• Projected year-2 tax: $1,685 · $140/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 7/10 Severe 7 d/yr ≥106°F today · 18 d/yr by 30 yrs out
• 💨 Wind 7/10 Severe 78% 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: $21,104
• − Mortgage interest: −$8,402
• − Property taxes: −$1,685
• − Insurance: −$750
• − Repairs & maintenance: −$1,688
• − Management: −$1,688
• − Depreciation: −$4,364
• Taxable income: $2,526
• Est. tax owed @ 24.0%: −$606
• After-tax cash flow: $4,191/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: Johnston County Public Schools
• NCES district ID: 3702370
• Math proficiency: 39% ▲ 4.00%
• Reading proficiency: 42% ▲ 2.00%
• Median HH income: $50,912
• Composite: 34.99/100
• National rank: #5052
• State rank: #105 of 178 in NC

Livability — Four Oaks

• Score: 67/100
• State rank: #210
• US rank: #10184

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 14,420

Population outlook (Johnston County) Hauer SSP2

• Today (2025): 222,440 people
• By 2030: 240,227 · +8.0%
• By 2040: 274,616 · +23.5%
• By 2050: 304,915 · +37.1%
• By 2075: 369,507 · +66.1%
• By 2100: 406,280 · +82.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (66%)
• Race & ethnicity: White 66% Hispanic / Latino 20% Black 12% Two or more races 4%
• Hispanic origin (detail): Mexican 18%
• Common ancestry: Lithuanian 2% Slovak 2% Serbian 1%
• Foreign-born: 10% · Canada
• Languages at home: 82% English-only · Spanish 17%

Political lean MEDSL · Johnston

• 2024 margin: Strong R (+21.5) · D 38.7% · R 60.2% · Other 1.1%
• 2008→2024 swing: +2.2pp toward D · 2008: -23.7pp · 2024: -21.5pp
• All cycles: 2024: R+21.5 2020: R+24.3 2016: R+30.7 2012: R+27.8 2008: R+23.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -23.19%
• Current HPI: 252.1481
• 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

-22.5% since first listed

19 events — show timeline

• 2025-12-11 Pending — Hive MLS
• 2025-09-02 Sold (Public Records) $115,500 Public Records
• 2025-02-28 Pending — Hive MLS
• 2025-02-28 Pending — TMLS
• 2025-01-30 Relisted — Hive MLS
• 2025-01-30 Relisted — TMLS
• 2024-10-02 Pending — Hive MLS
• 2024-09-30 Pending — TMLS
• 2024-09-12 Listed $150,000 TMLS
• 2024-09-12 Listed $150,000 Hive MLS
• 2017-08-25 Sold (MLS) $60,000 TMLS
• 2017-07-14 Pending — TMLS
• 2017-03-31 Price Changed $99,900 TMLS
• 2017-03-31 Relisted — TMLS
• 2017-03-08 Pending — TMLS
• 2017-02-07 Listed $109,900 TMLS
• 2017-01-31 Listing Removed — TMLS
• 2016-08-30 Price Changed $129,000 TMLS
• 2016-05-03 Listed $149,000 TMLS

Property tax history

+4.3%/yr

Latest (2025): $1,685 · +26.7% YoY. Source: county tax records.