303 Monroe St · Eden, NC 27288

$92,000

2 bd · 2.0 ba · 834 sqft · SingleFamily public records · 106 Days on market

Built 1920 0.27 ac lot Est $131k · 30% 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 +23.4/30.0
• ARV discount +15.0/15.0
• DSCR +7.5/10.0
• 1% rule +5.0/10.0
• Livability +3.4/5.0
• Schools +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

nice two bedroom, two bath home, close to downtown shopping churchs. To be sold as is where is. Need 24 hour notice, House is occupied. Comes with stove fridge double stack washer/dryer

Key facts

• Comes with fridge
• Comes with stove
• Close to downtown

Tags

• CLOSE TO DOWNTOWN
• COMES WITH STOVE
• COMES WITH FRIDGE
• DOUBLE STACK WASHER DRYER

Property features AI

Finance

• HOA & community: No homeowners association

Exterior

• Parking: On-street parking
• Utilities: Public sewer; Electric water heater
• Home design: Single-story house; Stick/site-built residential structure; Built in 1920
• Construction: Vinyl siding; Crawl space foundation
• Exterior features: Public maintained road; Public water

Interior

• Kitchen: Free-standing range; Electric water heater
• Bedrooms: Primary on main
• Flooring: Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating (natural gas); Central air conditioning
• Interior features: Primary bedroom on main level; Laminate flooring
• Laundry & utility: Washer hookup; Dryer connection

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $92k.

Deal economics

• At list price, monthly cash flow is $170 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($924 rent vs $92k).
• Recommended offer: $84k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.5% vs local median 4.3% in Eden — 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 67/100 on livability (#224 in NC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools F, crime D-, amenities F.
• Rockingham County Schools (rural): math 38% / reading 40% proficiency, ranked #120 of 178 in NC (top 67%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 208 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 344 units permitted in Rockingham County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $636 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Rockingham County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 106 days — a 9% lower offer ($84k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $83,720 (9.0% below list)

Questions for the listing agent

1. It's been on market 106 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 1920 — 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 D 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: 1.00% ✓
• Cap rate: 8.51%
• Cash-on-cash: 7.91%
• DSCR: 1.35
• GRM: 8.3

CMA / ARV

• ARV (on-the-fly): $130,938
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
721 Taylor St	0.27mi	2/1.0	864 (+4%)	1mo	$136,000	$157	77
1021 Louise Ave	0.43mi	2/1.0	825 (-1%)	2mo	$124,900	$151	73
503 Cedar St	0.55mi	2/1.0	884 (+6%)	1mo	$145,000	$164	59
401 Greenwood St	0.25mi	3/1.0 (+1)	948 (+14%)	2mo	$148,500	$157	55
107 N Primitive St	0.57mi	2/2.0	880 (+6%)	13mo	$139,000	$158	53
1113 Willow St	0.37mi	2/1.0	715 (-14%)	4mo	$134,900	$189	51
221 Dunn St	0.75mi	2/1.0	822 (-1%)	11mo	$130,000	$158	50
1311 Center Church Rd	0.74mi	2/1.0	780 (-6%)	7mo	$60,000	$77	45
608 Cedar St	0.66mi	2/1.0	924 (+11%)	3mo	$87,000	$94	44
904 Church St	0.41mi	2/1.0	952 (+14%)	13mo	$171,900	$181	42
618 Prospect St	0.66mi	2/1.0	904 (+8%)	12mo	$55,000	$61	41
621 Patterson St	0.66mi	2/1.0	921 (+10%)	11mo	$70,000	$76	38

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: -4.3%
• Equity multiple: 0.84×
• Total profit: $-4,120
• Equity at exit: $13,717

10-year hold

• IRR: 5.4%
• Equity multiple: 1.40×
• Total profit: $10,213
• Equity at exit: $7,954

Cash invested: $25,760 (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 27288

• Home prices YoY: -26.5%
• Active inventory: 208
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $924 high
• Mortgage (P&I): −$482
• Tax from tax record: −$39 /mo · $469/yr
• Insurance: −$38
• HOA: −$0
• Vacancy / Maint / Mgmt: −$194
• Net cashflow: $170

Break-even live

Break-even rent $709

Max offer price $92,000

Occupancy floor 77%

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: $23,000
• Closing costs: $2,760
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
704 Irving Ave Unit A Eden, NC	2.0	1.0	900	$900	$1.00	23d	1	0.12mi
326 Cedar St Unit H Eden, NC	2.0	1.0	780	$975	$1.25	23d	1	0.29mi
524 Boone Rd Apt C Eden, NC	1.0	1.0	600	$950	$1.58	23d	1	0.61mi
615 Dumaine St Unit F Eden, NC	2.0	1.0	615	$995	$1.62	23d	1	0.63mi
615 Dumaine St Unit H Eden, NC	1.0	1.0	550	$850	$1.55	23d	1	0.63mi
625 Washington St Eden, NC	2.0	1.0	547	$899	$1.64	14d	4	0.64mi

Listing history 11 events

1. 2026-06-13
   statusdays on market $92,000 Pending 106 DOM
2. 2026-06-10
   days on market $92,000 Active 104 DOM
3. 2026-06-09
   days on market $92,000 Active 103 DOM
4. 2026-06-08
   days on market $92,000 Active 102 DOM
5. 2026-06-07
   days on market $92,000 Active 101 DOM
6. 2026-06-03
   days on market $92,000 Active 97 DOM
7. 2026-06-02
   days on market $92,000 Active 96 DOM
8. 2026-06-01
   days on market $92,000 Active 95 DOM
9. 2026-05-31
   days on market $92,000 Active 94 DOM
10. 2026-05-31
    days on market $92,000 Active 93 DOM
11. 2026-02-26
    listed $92,000 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: $469 · $39/mo
• Projected year-2 tax: $754 · $63/mo
• Expected delta: +$286/yr (+$24/mo · 61.0%)

ⓘ 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 6/10 Major 7 d/yr ≥104°F today · 19 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 7% 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: $11,085
• − Mortgage interest: −$5,153
• − Property taxes: −$469
• − Insurance: −$460
• − Repairs & maintenance: −$887
• − Management: −$887
• − Depreciation: −$2,676
• Taxable income: $553
• Est. tax owed @ 24.0%: −$133
• After-tax cash flow: $1,906/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: Rockingham County Schools
• NCES district ID: 3703990
• Math proficiency: 38% ▼ -2.00%
• Reading proficiency: 40% ▲ 1.00%
• Median HH income: $38,914
• Composite: 32.6/100
• National rank: #5673
• State rank: #120 of 178 in NC

Livability — Eden

• Score: 67/100
• State rank: #224
• US rank: #10535

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Eden, NC
• County: Rockingham County · 22,926 people
• City population: 22,926
• Metro: Greensboro-High Point, NC
• Population (ZIP): 22,926
• Household income: $52,594
• Rent vs Own: 37.8% rent · 62.2% own
• Severe rent burden: 860.0

Population outlook (Rockingham County) Hauer SSP2

• Today (2025): 87,103 people
• By 2030: 83,763 · -3.8%
• By 2040: 76,082 · -12.7%
• By 2050: 68,106 · -21.8%
• By 2075: 52,531 · -39.7%
• By 2100: 39,871 · -54.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (67%)
• Race & ethnicity: White 67% Black 23% Hispanic / Latino 6% Two or more races 5% Native American 1%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Serbian 2% Slovak 2% Lithuanian 1%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 5% German/W. Germanic 1%

Political lean MEDSL · Rockingham

• 2024 margin: Solid R (+35.9) · D 31.7% · R 67.6%
• 2008→2024 swing: -19.9pp toward R · 2008: -16.0pp · 2024: -35.9pp
• All cycles: 2024: R+35.9 2020: R+32.0 2016: R+30.0 2012: R+21.3 2008: R+16.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -66.28%
• Current HPI: 183.5709
• Rent YoY: —
• Metro: Greensboro-High Point, 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

1 event — show timeline

• 2026-02-26 Listed $92,000 Triad MLS

Property tax history

+1.0%/yr

Latest (2025): $469 · +0.0% YoY. Source: county tax records.