3549 N Nc 49 Hwy · Green Level, NC 27217

$150,000

4 bd · 2.0 ba · 1,560 sqft · SingleFamily public records · 56 Days on market

Built 1947 1.41 ac lot

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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 +26.9/30.0
• DSCR +9.3/10.0
• ARV discount +7.5/15.0
• 1% rule +6.4/10.0
• Livability +3.1/5.0
• Schools +3.0/10.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Home nestled on a spacious lot. This home offers plenty of room to enjoy the outdoors - whether you're looking to garden, entertain or simple relax and take in the natural surroundings. Home offers 1488 sq ft of living downstairs with an additional 600 sq. ft upstairs not included due to ceiling height requirements. Upstairs is currently being used as 3 bedrooms and a bath. Home also offers an enclosed porch, detached garage and a carshed. Sunroom off Master B/R and part of family room. Priced to sale - Home needs TLC - Home to be sold as is -

Key facts

• 1.41 acre lot
• Garage
• Built 1947

Property features AI

Finance

• Other: Living area listed as 1,488
• HOA & community: No homeowners association

Exterior

• Parking: 1-car garage
• Utilities: Well water; Septic tank
• Home design: Site-built property; One and one half levels
• Construction: Vinyl siding
• Exterior features: Shingle roof; Lot approximately 1.41 acres; Public maintained road access

Interior

• Bedrooms: 3 bedrooms total; 1 bedroom on the main level
• Flooring: Vinyl
• Bathrooms: 3 full bathrooms
• Heating & cooling: Heat pump heating; Central air; Heat pump cooling
• Interior features: Vinyl flooring

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 $417 ($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 62/100 on livability (#460 in NC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: health & safety C-, amenities F, commute 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: Pleasant Grove Elementary (math 22% / reading 32%, grade F, #1,033 of 1,410 statewide, top 76%, 283 students, 99% FRL); Eastern Alamance High (math 61% / reading 61%, grade C+, #202 of 535 statewide, top 39%, 1,256 students, 48% FRL) — zoned schools average 73% FRL vs 51% district-wide (22 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.1%/yr); 273 active listings in the ZIP; 2,466 units permitted in Alamance County in 2024 (403 in 5+ unit buildings).
• This rent runs 40% 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 $4k 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 56 days — a 3% lower offer ($146k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $50k (25%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1947 — 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 $145,500 (3.0% below list)

Questions for the listing agent

1. It's been on market 56 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 1947 — 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: 1.14% ✓
• Cap rate: 9.63%
• Cash-on-cash: 11.92%
• DSCR: 1.53
• GRM: 7.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.06% rent growth · sell at horizon

5-year hold

• IRR: -0.7%
• Equity multiple: 0.98×
• Total profit: $-1,047
• Equity at exit: $22,365

10-year hold

• IRR: 7.0%
• Equity multiple: 1.48×
• Total profit: $20,220
• 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 27217

• Home prices YoY: -22.3%
• Rents YoY: 1.1%
• Active inventory: 273
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $1,712 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$86 /mo · $1,030/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$359
• Net cashflow: $417

Break-even live

Break-even rent $1,184

Max offer price $150,000

Occupancy floor 71%

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 21 events

1. 2026-06-19
   days on market $150,000 Active 56 DOM
2. 2026-06-18
   days on market $150,000 Active 55 DOM
3. 2026-06-17
   pricedays on market $150,000 Active 54 DOM
4. 2026-06-16
   days on market $199,500 Active 53 DOM
5. 2026-06-15
   statusdays on market $199,500 Active 52 DOM
6. 2026-06-13
   status $199,500 Pending 51 DOM
7. 2026-06-10
   days on market $199,500 Active 51 DOM
8. 2026-06-09
   days on market $199,500 Active 50 DOM
9. 2026-06-08
   days on market $199,500 Active 49 DOM
10. 2026-06-07
    days on market $199,500 Active 48 DOM
11. 2026-06-05
    days on market $199,500 Active 45 DOM
12. 2026-06-02
    days on market $199,500 Active 43 DOM
13. 2026-06-01
    days on market $199,500 Active 42 DOM
14. 2026-05-31
    days on market $199,500 Active 41 DOM
15. 2026-05-30
    days on market $199,500 Active 40 DOM
16. 2026-04-28
    status Active 554-char remark

    Show marketing remark (554 chars)

    Home nestled on a spacious lot. This home offers plenty of room to enjoy the outdoors - whether you're looking to garden, entertain or simple relax and take in the natural surroundings. Home offers 1488 sq ft of living downstairs with an additional 600 sq. ft upstairs not included due to ceiling height requirements. Upstairs is currently being used as 3 bedrooms and a bath. Home also offers an enclosed porch, detached garage and a carshed. Sunroom off Master B/R and part of family room. Priced to sale - Home needs TLC - Home to be sold as is -

17. 2026-04-24
    status Active
18. 2026-03-30
    status Pending 554-char remark

    Show marketing remark (554 chars)

    Home nestled on a spacious lot. This home offers plenty of room to enjoy the outdoors - whether you're looking to garden, entertain or simple relax and take in the natural surroundings. Home offers 1488 sq ft of living downstairs with an additional 600 sq. ft upstairs not included due to ceiling height requirements. Upstairs is currently being used as 3 bedrooms and a bath. Home also offers an enclosed porch, detached garage and a carshed. Sunroom off Master B/R and part of family room. Priced to sale - Home needs TLC - Home to be sold as is -

19. 2026-03-30
    status Pending

    Show marketing remark (554 chars)

    Home nestled on a spacious lot. This home offers plenty of room to enjoy the outdoors - whether you're looking to garden, entertain or simple relax and take in the natural surroundings. Home offers 1488 sq ft of living downstairs with an additional 600 sq. ft upstairs not included due to ceiling height requirements. Upstairs is currently being used as 3 bedrooms and a bath. Home also offers an enclosed porch, detached garage and a carshed. Sunroom off Master B/R and part of family room. Priced to sale - Home needs TLC - Home to be sold as is -

20. 2026-03-26
    listed $199,500 Active 554-char remark

    Show marketing remark (554 chars)

    Home nestled on a spacious lot. This home offers plenty of room to enjoy the outdoors - whether you're looking to garden, entertain or simple relax and take in the natural surroundings. Home offers 1488 sq ft of living downstairs with an additional 600 sq. ft upstairs not included due to ceiling height requirements. Upstairs is currently being used as 3 bedrooms and a bath. Home also offers an enclosed porch, detached garage and a carshed. Sunroom off Master B/R and part of family room. Priced to sale - Home needs TLC - Home to be sold as is -

21. 2026-03-26
    listed $199,500 Active

    Show marketing remark (554 chars)

    Home nestled on a spacious lot. This home offers plenty of room to enjoy the outdoors - whether you're looking to garden, entertain or simple relax and take in the natural surroundings. Home offers 1488 sq ft of living downstairs with an additional 600 sq. ft upstairs not included due to ceiling height requirements. Upstairs is currently being used as 3 bedrooms and a bath. Home also offers an enclosed porch, detached garage and a carshed. Sunroom off Master B/R and part of family room. Priced to sale - Home needs TLC - Home to be sold as is -

ⓘ 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: $1,030 · $86/mo
• Projected year-2 tax: $1,230 · $102/mo
• Expected delta: +$200/yr (+$17/mo · 19.4%)

ⓘ 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 ≥105°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: $20,540
• − Mortgage interest: −$8,402
• − Property taxes: −$1,030
• − Insurance: −$750
• − Repairs & maintenance: −$1,643
• − Management: −$1,643
• − Depreciation: −$4,364
• Taxable income: $2,707
• Est. tax owed @ 24.0%: −$650
• After-tax cash flow: $4,357/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 — Green Level

• Score: 62/100
• State rank: #460
• US rank: #16840

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Alamance County · 173,369 people
• 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

+0.0% since first listed

6 events — show timeline

• 2026-04-28 Relisted — Triad MLS
• 2026-04-24 Relisted — TMLS
• 2026-03-30 Pending — Triad MLS
• 2026-03-30 Pending — TMLS
• 2026-03-26 Listed $199,500 TMLS
• 2026-03-26 Listed $199,500 Triad MLS

Property tax history

+6.6%/yr

Latest (2025): $1,030 · +7.6% YoY. Source: county tax records.