192 Nc 343 Hwy · Camden, NC 27921

$135,000

2 bd · 1.0 ba · 1,024 sqft · SingleFamily public records · 10 Days on market

Built 1965 Est $135k · at est.

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Why this score? — see what drove the B- 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 +28.6/30.0
• DSCR +10.0/10.0
• ARV discount +7.6/15.0
• 1% rule +7.1/10.0
• Schools +5.2/10.0
• Livability +2.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming bungalow-style home full of character and opportunity! Relax on the inviting covered front porch before stepping inside to a functional layout featuring a living room, dining room, kitchen, two bedrooms, and one full bath all on the main level. Upstairs offers exciting potential for expansion with a bonus room and a partially finished full bath ready for your finishing touches--perfect for additional living space, guest quarters, or a home office. Outside, the detached garage provides excellent space for a workshop, hobbies, or extra storage.

Key facts

• Covered front porch
• Bonus room
• Functional layout

Tags

• COVERED FRONT PORCH
• FUNCTIONAL LAYOUT
• BONUS ROOM
• PARTIALLY FINISHED FULL BATH
• DETACHED GARAGE

Property features AI

Finance

• Other: Directions: On Hwy 343 South near Seymour Dr.
• HOA & community: No HOA fees

Exterior

• Parking: Detached 1-car garage
• Utilities: City/County water; Septic sewer; Electric water heater; Electric power
• Home design: Detached bungalow; Single-story; Crawl space foundation; Simple ownership
• Construction: Vinyl exterior; Crawl foundation; Asphalt shingle roof
• Exterior features: Vinyl siding; Asphalt shingle roof

Interior

• Bedrooms: Bedroom on the first floor
• Flooring: Carpet; Wood
• Bathrooms: One full bathroom
• Heating & cooling: Other heating; Other cooling
• Interior features: Carpet and wood flooring; Bedroom and full bathroom on the first floor; Five total rooms

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $447 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Cap rate 10.3% vs local median 3.0% in Camden — 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 54/100 on livability (#664 in NC) — a working-class tenant base; expect higher turnover. Strengths: cost of living B+; Watch: housing D+, amenities F, commute F.
• Camden County Schools (rural): math 56% / reading 64% proficiency, ranked #29 of 178 in NC (top 16%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Grandy Primary (math 87% / reading 72%, grade A, #24 of 1,410 statewide, top 2%, 607 students, 32% FRL); Camden County High (math 62% / reading 62%, grade B-, #184 of 535 statewide, top 37%, 464 students, 25% FRL).
• Market conditions: 45 active listings in the ZIP; 105 units permitted in Camden County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Camden County population projected at +5% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $38k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts 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 $100k; 35% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $135,000

Questions for the listing agent

1. Built in 1965 — 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 D-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. 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.
5. 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.
6. 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: 1.21% ✓
• Cap rate: 10.26%
• Cash-on-cash: 14.18%
• DSCR: 1.63
• GRM: 6.9

CMA / ARV

• ARV (on-the-fly): $135,168
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
192 Nc 343 Hwy	0.00mi	2/1.0	1,024 (0%)	0mo	$135,000	$132	100

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: 4.5%
• Equity multiple: 1.17×
• Total profit: $6,542
• Equity at exit: $20,129

10-year hold

• IRR: 13.9%
• Equity multiple: 2.12×
• Total profit: $42,201
• Equity at exit: $11,672

Cash invested: $37,800 (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 27921

• Home prices YoY: -34.4%
• Active inventory: 45
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,631 medium
• Mortgage (P&I): −$708
• Tax from tax record: −$77 /mo · $928/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$342
• Net cashflow: $447

Break-even live

Break-even rent $1,065

Max offer price $135,000

Occupancy floor 68%

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Listing history 7 events

1. 2026-05-23
   status Active 557-char remark

   Show marketing remark (557 chars)

   Charming bungalow-style home full of character and opportunity! Relax on the inviting covered front porch before stepping inside to a functional layout featuring a living room, dining room, kitchen, two bedrooms, and one full bath all on the main level. Upstairs offers exciting potential for expansion with a bonus room and a partially finished full bath ready for your finishing touches--perfect for additional living space, guest quarters, or a home office. Outside, the detached garage provides excellent space for a workshop, hobbies, or extra storage.

2. 2026-05-22
   status Active
3. 2026-05-15
   status Under Contract

   Show marketing remark (557 chars)

   Charming bungalow-style home full of character and opportunity! Relax on the inviting covered front porch before stepping inside to a functional layout featuring a living room, dining room, kitchen, two bedrooms, and one full bath all on the main level. Upstairs offers exciting potential for expansion with a bonus room and a partially finished full bath ready for your finishing touches--perfect for additional living space, guest quarters, or a home office. Outside, the detached garage provides excellent space for a workshop, hobbies, or extra storage.

4. 2026-05-15
   status Pending 557-char remark

   Show marketing remark (557 chars)

   Charming bungalow-style home full of character and opportunity! Relax on the inviting covered front porch before stepping inside to a functional layout featuring a living room, dining room, kitchen, two bedrooms, and one full bath all on the main level. Upstairs offers exciting potential for expansion with a bonus room and a partially finished full bath ready for your finishing touches--perfect for additional living space, guest quarters, or a home office. Outside, the detached garage provides excellent space for a workshop, hobbies, or extra storage.

5. 2026-05-09
   listed $135,000 Active 557-char remark

   Show marketing remark (557 chars)

   Charming bungalow-style home full of character and opportunity! Relax on the inviting covered front porch before stepping inside to a functional layout featuring a living room, dining room, kitchen, two bedrooms, and one full bath all on the main level. Upstairs offers exciting potential for expansion with a bonus room and a partially finished full bath ready for your finishing touches--perfect for additional living space, guest quarters, or a home office. Outside, the detached garage provides excellent space for a workshop, hobbies, or extra storage.

6. 2026-05-09
   listed $135,000 Active

   Show marketing remark (557 chars)

   Charming bungalow-style home full of character and opportunity! Relax on the inviting covered front porch before stepping inside to a functional layout featuring a living room, dining room, kitchen, two bedrooms, and one full bath all on the main level. Upstairs offers exciting potential for expansion with a bonus room and a partially finished full bath ready for your finishing touches--perfect for additional living space, guest quarters, or a home office. Outside, the detached garage provides excellent space for a workshop, hobbies, or extra storage.

7. 2024-11-20
   soldstatus $100,000

ⓘ 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: $928 · $77/mo
• Projected year-2 tax: $1,107 · $92/mo
• Expected delta: +$179/yr (+$15/mo · 19.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $19,568
• − Mortgage interest: −$7,562
• − Property taxes: −$928
• − Insurance: −$675
• − Repairs & maintenance: −$1,565
• − Management: −$1,565
• − Depreciation: −$3,927
• Taxable income: $3,345
• Est. tax owed @ 24.0%: −$803
• After-tax cash flow: $4,557/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: Camden County Schools
• NCES district ID: 3700600
• Math proficiency: 56% ▲ 8.00%
• Reading proficiency: 64% ▲ 4.00%
• Median HH income: $59,622
• Composite: 51.97/100
• National rank: #1643
• State rank: #29 of 178 in NC

Livability — Camden

• Score: 54/100
• State rank: #664
• US rank: #23883

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 4,903

Population outlook (Camden County) Hauer SSP2

• Today (2025): 10,980 people
• By 2030: 11,246 · +2.4%
• By 2040: 11,562 · +5.3%
• By 2050: 11,572 · +5.4%
• By 2075: 11,450 · +4.3%
• By 2100: 10,648 · -3.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Two or more races 10% Black 7% Hispanic / Latino 1% Asian 1%
• Common ancestry: Lithuanian 5% Serbian 4% Slovak 2%
• Foreign-born: 1% · Canada
• Languages at home: 99% English-only · Chinese 1%

Political lean MEDSL · Camden

• 2024 margin: Solid R (+50.8) · D 24.2% · R 75.0%
• 2008→2024 swing: -18.8pp toward R · 2008: -32.0pp · 2024: -50.8pp
• All cycles: 2024: R+50.8 2020: R+46.6 2016: R+45.8 2012: R+34.0 2008: R+32.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -87.09%
• Current HPI: 166.2245
• 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

+35.0% since first listed

7 events — show timeline

• 2026-05-23 Relisted — Hive MLS
• 2026-05-22 Relisted — REINMLS
• 2026-05-15 Pending — REINMLS
• 2026-05-15 Pending — Hive MLS
• 2026-05-09 Listed $135,000 REINMLS
• 2026-05-09 Listed $135,000 Hive MLS
• 2024-11-20 Sold (Public Records) $100,000 Public Records

Property tax history

+3.6%/yr

Latest (2025): $928 · +0.0% YoY. Source: county tax records.