1410 Sharpe Rd · Burlington, NC 27217

$181,900

4 bd · 1.0 ba · 1,320 sqft · SingleFamily public records · 28 Days on market

Built 1950 7,405 sqft lot Est $252k · 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 +20.7/30.0
• ARV discount +15.0/15.0
• DSCR +6.6/10.0
• 1% rule +4.6/10.0
• Livability +3.5/5.0
• Schools +3.0/10.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

* * * PRICE DROP ALERT * * * INVESTOR or FIRST TIME HOME BUYER with endless potential in the heart of Burlington! Whether you're a first-time homebuyer ready to make it your own or an investor searching for your next flip or rental property, this charming Cape Cod-style home offers incredible possibilities. Previously used as a rental for $1,300/mo. The home features a spacious layout, covered porches, and flexible living space full of character and opportunity. Recent improvements include updated flooring, carpet and ceramic tile flooring in the kitchen, new blinds throughout, and updated smoke alarms. Fresh spread of gravel. Partial split-rail fencing adds charm and defines outdoor s

Key facts

• Covered porches
• Updated smoke alarms
• Updated flooring

Tags

• COVERED PORCHES
• UPDATED FLOORING
• CERAMIC TILE FLOORING
• FRESH INTERIOR PAINT
• NEW BLINDS
• UPDATED SMOKE ALARMS

Property features AI

Finance

• Other: Lot size approximately 0.17 acres
• HOA & community: No association

Exterior

• Parking: Driveway; On-site parking; Gravel parking surface
• Utilities: Public water; Public sewer; Electric service
• Home design: Site built property; One and one half levels; Property listed as fixer and updated/remodeled
• Construction: Brick veneer construction; Architectural shingle roof
• Exterior features: Covered front, rear and side porches; Patio; Fenced yard (partial)

Interior

• Kitchen: Electric range; Microwave; Refrigerator
• Bedrooms: 3 bedrooms (1 on the main level)
• Flooring: Carpet; Ceramic tile; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Heat pump; Natural gas heating; Fireplace(s); Central air; Window unit(s)
• Interior features: Ceiling fan(s); Blinds
• Laundry & utility: Washer hookup; Electric dryer hookup; Electric water heater

🏷️ Possibly a rental listed for sale. The $181,900 price doesn't fit this home's estimated sale value (~$252,120) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $182k.

Deal economics

• At list price, monthly cash flow is $247 ($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 $175k (3.6% below list).
• Recommended offer: $175k (3.6% below list) — sets the bar for 1% rule.
• Cap rate 7.9% vs local median 3.6% in Burlington — 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 70/100 on livability (#123 in NC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: commute D+, crime F, amenities F.
• Alamance-Burlington Schools (rural): math 30% / reading 40% proficiency, ranked #133 of 178 in NC (top 75%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Western Alamance Middle (math 37% / reading 45%, grade F, #209 of 475 statewide, top 45%, 822 students, 49% FRL); Western Alamance High (math 44% / reading 51%, grade D, #331 of 535 statewide, top 62%, 1,036 students, 39% FRL).
• Market conditions: Rents rising (+1.1%/yr); 273 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 2,466 units permitted in Alamance County in 2024 (403 in 5+ unit buildings).
• This rent runs 41% of the median local income ($52k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Alamance County population projected at +19% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 28 days — a 2% lower offer ($179k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 5y ago; this cycle's ask has dropped $28k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wind risk, 22% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $175,434 (3.6% below list)

Questions for the listing agent

1. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 0.96% ✗
• Cap rate: 7.93%
• Cash-on-cash: 5.83%
• DSCR: 1.26
• GRM: 8.6

CMA / ARV

• ARV (on-the-fly): $252,120
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1707 Glenn St	0.45mi	3/2.0 (-1)	1,333 (+1%)	8mo	$255,000	$191	61
237 Foster St	0.52mi	3/2.0 (-1)	1,280 (-3%)	7mo	$248,500	$194	56
619 Spence St	0.51mi	3/2.0 (-1)	1,353 (+2%)	10mo	$268,000	$198	55
1725 Glenn St	0.47mi	3/2.0 (-1)	1,395 (+6%)	6mo	$269,000	$193	55
1708 Longshadow Dr	0.42mi	3/2.5 (-1)	1,241 (-6%)	6mo	$250,000	$201	55
234 Foster St	0.50mi	3/2.0 (-1)	1,400 (+6%)	5mo	$259,900	$186	54
236 Hazel Dr	0.64mi	3/2.0 (-1)	1,397 (+6%)	3mo	$273,000	$195	49
1740 Longshadow Dr	0.46mi	3/2.0 (-1)	1,453 (+10%)	7mo	$255,000	$175	47
670 Meadowtop Cir	0.61mi	3/2.0 (-1)	1,219 (-8%)	9mo	$227,000	$186	43
220 Howard St	0.58mi	3/2.0 (-1)	1,161 (-12%)	10mo	$187,000	$161	36
438 Dudley St	0.66mi	3/2.0 (-1)	1,489 (+13%)	5mo	$145,860	$98	35
905 Hunt St	0.71mi	3/1.5 (-1)	1,132 (-14%)	3mo	$214,900	$190	34

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 · 1.06% rent growth · sell at horizon

5-year hold

• IRR: -9.4%
• Equity multiple: 0.66×
• Total profit: $-17,124
• Equity at exit: $27,122

10-year hold

• IRR: -2.6%
• Equity multiple: 0.84×
• Total profit: $-8,068
• Equity at exit: $15,727

Cash invested: $50,932 (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 27217

• Home prices YoY: -22.3%
• Rents YoY: 1.1%
• Active inventory: 273
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,754 medium
• Mortgage (P&I): −$954
• Tax from tax record: −$109 /mo · $1,306/yr
• Insurance: −$76
• HOA: −$0
• Vacancy / Maint / Mgmt: −$368
• Net cashflow: $247

Break-even live

Break-even rent $1,441

Max offer price $181,900

Occupancy floor 81%

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: $45,475
• Closing costs: $5,457
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
525 Lakeside Ave Burlington, NC	3.0	1.0	975	$1,300	$1.33	21d	1	0.59mi
1331 Elm St Burlington, NC	3.0	1.0	950	$1,475	$1.55	21d	1	0.76mi
1106 Attica St Burlington, NC	3.0	2.0	1500	$1,750	$1.17	13d	1	0.81mi
116 Stagg St Burlington, NC	3.0	2.0	1550	$2,050	$1.32	21d	1	1.28mi

Listing history 19 events

1. 2026-06-19
   days on market $181,900 Active 28 DOM
2. 2026-06-18
   days on market $181,900 Active 27 DOM
3. 2026-06-17
   pricedays on market $181,900 Active 26 DOM
4. 2026-06-16
   days on market $195,000 Active 25 DOM
5. 2026-06-15
   days on market $195,000 Active 24 DOM
6. 2026-06-14
   days on market $195,000 Active 22 DOM
7. 2026-06-13
   days on market $195,000 Active 21 DOM
8. 2026-06-10
   days on market $195,000 Active 19 DOM
9. 2026-06-09
   days on market $195,000 Active 18 DOM
10. 2026-06-08
    days on market $195,000 Active 17 DOM
11. 2026-06-07
    pricedays on market $195,000 Active 16 DOM
12. 2026-06-05
    days on market $210,000 Active 13 DOM
13. 2026-06-02
    days on market $210,000 Active 11 DOM
14. 2026-06-01
    days on market $210,000 Active 10 DOM
15. 2026-05-31
    days on market $210,000 Active 9 DOM
16. 2026-05-30
    days on market $210,000 Active 8 DOM
17. 2026-05-22
    listed $210,000 Active
18. 2021-06-10
    historical
19. 2021-02-08
    listed $124,900

ⓘ 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: $1,306 · $109/mo
• Projected year-2 tax: $1,492 · $124/mo
• Expected delta: +$186/yr (+$15/mo · 14.2%)

ⓘ 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 ≥104°F today · 17 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 22% 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: $21,052
• − Mortgage interest: −$10,189
• − Property taxes: −$1,306
• − Insurance: −$910
• − Repairs & maintenance: −$1,684
• − Management: −$1,684
• − Depreciation: −$5,292
• Taxable loss: −$13
• Est. tax savings @ 24.0%: +$3
• After-tax cash flow: $2,972/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: Alamance-Burlington Schools
• NCES district ID: 3700030
• Math proficiency: 30% ▼ -6.00%
• Reading proficiency: 40% ▲ 2.00%
• Median HH income: $43,359
• Composite: 29.68/100
• National rank: #6460
• State rank: #133 of 178 in NC

Livability — Burlington

• Score: 70/100
• State rank: #123
• US rank: #7396

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Burlington, NC
• County: Alamance County · 173,369 people
• City population: 88,508
• Metro: Burlington, NC
• Population (ZIP): 41,406
• Household income: $51,950
• Rent vs Own: 39.8% rent · 60.2% own
• Severe rent burden: 1040.0

Population outlook (Alamance County) Hauer SSP2

• Today (2025): 173,381 people
• By 2030: 180,609 · +4.2%
• By 2040: 194,327 · +12.1%
• By 2050: 206,158 · +18.9%
• By 2075: 235,665 · +35.9%
• By 2100: 258,626 · +49.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.69)
• Race & ethnicity: White 38% Black 29% Hispanic / Latino 29% Two or more races 7% Native American 1%
• Hispanic origin (detail): Mexican 19% Puerto Rican 1%
• Common ancestry: Serbian 2% Italian 1% Slovak 1%
• Foreign-born: 13% · Canada
• Languages at home: 75% English-only · Spanish 24%

Political lean MEDSL · Alamance

• 2024 margin: Lean R (+8.2) · D 45.4% · R 53.5% · Other 1.1%
• 2008→2024 swing: +1.1pp toward D · 2008: -9.2pp · 2024: -8.2pp
• All cycles: 2024: R+8.2 2020: R+8.4 2016: R+12.9 2012: R+14.1 2008: R+9.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -74.45%
• Current HPI: 259.8107
• Rent YoY: ▲ 1.06%
• Metro: Burlington, 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

+68.1% since first listed

3 events — show timeline

• 2026-05-22 Listed $210,000 TMLS
• 2021-06-10 Listing Removed — TMLS
• 2021-02-08 Listed $124,900 TMLS

Property tax history

+11.5%/yr

Latest (2025): $1,306 · +2.6% YoY. Source: county tax records.