4134 Tarrant Trace Cir · High Point, NC 27265

$190,000

2 bd · 2.5 ba · 1,216 sqft · Townhouse public records · 178 Days on market

Built 2003 435 sqft lot Est $198k · at est. $133/mo HOA · 9% of rent ↓ 8% since listing

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Why this score? — see what drove the D 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 +12.6/30.0
• ARV discount +9.4/15.0
• Livability +3.9/5.0
• DSCR +3.7/10.0
• Schools +3.6/10.0
• 1% rule +3.1/10.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Brand new central AC unit installed on 1/7/2026. New carpet, new fenced in private patio, new paint throughout. Granite kitchen countertops and open floor plan on main level. Two designated parking spaces directly in front of "your new home". Enjoy the neighborhood SWIMMING POOL. Washer and dryer stay with the home.

Key facts

• Open floor plan
• Convenient location
• $133 HOA

Tags

• FENCED IN PRIVATE PATIO
• GRANITE KITCHEN COUNTERTOPS
• OPEN FLOOR PLAN
• DESIGNATED PARKING SPACES
• CONVENIENT LOCATION

Property features AI

Finance

• Other: Road maintenance governed by a road maintenance agreement; Subdivision: Tarrant Trace
• HOA & community: Association: Winston-Salem; Monthly HOA fee of $133

Exterior

• Parking: Assigned parking
• Utilities: Public water; Public sewer; Natural gas available
• Home design: Residential townhouse; Stick/site-built construction; Two stories; Built in 2003; Existing structure
• Construction: Vinyl siding; Slab foundation
• Exterior features: Fenced yard; Community pool; City lot

Interior

• Kitchen: Range; Microwave; Solid surface countertops; Pantry
• Bedrooms: Second floor bedrooms (dimensions listed for some rooms)
• Flooring: Carpet; Vinyl
• Bathrooms: Two full bathrooms; One half bathroom
• Heating & cooling: Forced air heating (natural gas); Central air
• Interior features: Ceiling fans; Soaking tub; Pantry; Solid surface counters; Vaulted ceilings; Partially floored attic with pulldown stairs
• Laundry & utility: Laundry room; Gas water heater

What this means for you Summary

Snapshot

• This is a 2-bed/2.5-bath townhouse listed at $190k.

Deal economics

• At list price, monthly cash flow is $-25 ($-302/yr) — negative.
• To cash-flow at today's rent, offer at most $186k (2.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $154k (18.8% below list).
• Recommended offer: $154k (18.8% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 4.0% in High Point — 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 77/100 on livability (#31 in NC, #3,084 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: schools D+, amenities D, employment D.
• Guilford County Schools (urban): math 39% / reading 45% proficiency, ranked #99 of 178 in NC (top 56%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+2.4%/yr); 276 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 3,843 units permitted in Guilford County in 2024 (2,397 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 $6k of value loss. Plan a longer hold.
• Guilford County population projected at +26% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 178 days — a 12% lower offer ($167k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $154,210 (18.8% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 178 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. 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.
10. 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.
11. 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: 0.81% ✗
• Cap rate: 6.13%
• Cash-on-cash: -0.57%
• DSCR: 0.97
• GRM: 10.3

CMA / ARV

• ARV (on-the-fly): $198,208
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4107 Tarrant Trace Cir	0.02mi	2/2.5	1,216 (0%)	11mo	$198,000	$163	90
4285 Cedarcroft Ct Unit 1D	0.16mi	2/2.0	1,128 (-7%)	2mo	$178,000	$158	77
4285 Cedarcroft Ct Unit 3D	0.16mi	2/2.0	1,147 (-6%)	6mo	$175,000	$153	76
4305 Timberbrooke Dr Unit 1D	0.09mi	2/2.0	1,122 (-8%)	10mo	$185,000	$165	73
4325 Cedarcroft Ct Unit 3D	0.18mi	2/2.0	1,150 (-5%)	10mo	$175,000	$152	72
4290 Cedarcroft Ct Unit 3 A	0.18mi	2/2.0	1,100 (-10%)	4mo	$177,000	$161	71
4345 Cedarcroft Ct Unit 1D	0.21mi	2/2.0	1,102 (-9%)	5mo	$170,000	$154	69
3651 Rising River Ln	0.27mi	2/2.0	1,114 (-8%)	10mo	$200,000	$180	63
4347 Rocky Brook Ct	0.38mi	2/2.0	1,094 (-10%)	10mo	$259,900	$238	56
4314 Rocky Brook Ct	0.34mi	3/2.0 (+1)	1,364 (+12%)	6mo	$280,000	$205	52
3985 Elizabeth Glen Way	0.71mi	3/2.5 (+1)	1,386 (+14%)	11mo	$235,000	$170	30
3902 Elizabeth Glen Way	0.73mi	3/2.5 (+1)	1,394 (+15%)	10mo	$210,000	$151	28

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 · 2.38% rent growth · sell at horizon

5-year hold

• IRR: -17.9%
• Equity multiple: 0.37×
• Total profit: $-33,368
• Equity at exit: $28,330

10-year hold

• IRR: -11.3%
• Equity multiple: 0.34×
• Total profit: $-35,076
• Equity at exit: $16,428

Cash invested: $53,200 (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 27265

• Rents YoY: 2.4%
• Active inventory: 276
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $1,542 high
• Mortgage (P&I): −$996
• Tax from tax record: −$35 /mo · $419/yr
• Insurance: −$79
• HOA: −$133
• Vacancy / Maint / Mgmt: −$324
• Net cashflow: $-25

Break-even live

Break-even rent $1,574

Max offer price $185,550

Occupancy floor 97%

Sensitivity live

Price	-10% $82	-5% $29	+0% $-25	+5% $-79	+10% $-133
Rent	-10% $-147	-5% $-86	+0% $-25	+5% $36	+10% $97
Rate	-1.0pp $70	-0.5pp $23	base $-25	+0.5pp $-74	+1.0pp $-125

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: $47,500
• Closing costs: $5,700
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4203 River Birch Loop Greensboro, NC	1.0–3.0	1.0–2.0	1077	$1,584	$1.47	15d	34	0.22mi
3601 Laurel Bluff Cir High Point, NC	1.0–3.0	1.0–2.5	1247	$1,528	$1.22	15d	11	0.25mi
3624 Morris Farm Dr Unit 2A Greensboro, NC	2.0	2.0	1012	$1,500	$1.48	24d	1	0.34mi
4480 Platinum Dr Unit 4428-2B Greensboro, NC	1.0	1.5	883	$1,250	$1.42	24d	1	0.73mi
4480 Platinum Dr Unit 3859-2D Greensboro, NC	3.0	2.0	1417	$1,600	$1.13	24d	1	0.73mi
4480 Platinum Dr Unit 4450-1C Greensboro, NC	2.0	2.0	1123	$1,420	$1.26	24d	1	0.73mi
4480 Platinum Dr Unit 3868-2A Greensboro, NC	2.0	2.0	1295	$1,470	$1.14	24d	1	0.73mi
4480 Platinum Dr Unit 4415-2A Greensboro, NC	1.0	1.5	834	$1,225	$1.47	24d	1	0.73mi
4750 Piedmont Pkwy Unit 405 Jamestown, NC	2.0	2.5	1359	$1,845	$1.36	24d	1	1.12mi
4750 Piedmont Pkwy Unit 214 Jamestown, NC	1.0	1.0	974	$1,445	$1.48	24d	1	1.12mi
4750 Piedmont Pkwy Unit 207 Jamestown, NC	2.0	2.5	1461	$1,870	$1.28	24d	1	1.12mi
3971 River Pointe Pl High Point, NC	1.0–2.0	1.0–2.0	950	$1,450	$1.53	24d	1	1.33mi

HOA detail

• Monthly dues: $133 · $1,596/yr
• Likely covers: pool

Listing history 11 events

1. 2026-06-07
   status $190,000 Pending 178 DOM
2. 2026-06-03
   days on market $190,000 Due Diligence Period 178 DOM
3. 2026-06-02
   days on market $190,000 Due Diligence Period 177 DOM
4. 2026-06-01
   days on market $190,000 Due Diligence Period 176 DOM
5. 2026-05-31
   days on market $190,000 Due Diligence Period 175 DOM
6. 2026-05-31
   days on market $190,000 Due Diligence Period 174 DOM
7. 2026-05-20
   historical Due Diligence Period
8. 2026-04-10
   price $190,000
9. 2026-03-22
   price $195,000
10. 2026-02-24
    price $201,900
11. 2025-12-07
    listed $206,900 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: $419 · $35/mo
• Projected year-2 tax: $1,558 · $130/mo
• Expected delta: +$1,139/yr (+$95/mo · 272.0%)

ⓘ 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 ≥103°F today · 18 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 13% 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: $18,505
• − Mortgage interest: −$10,643
• − Property taxes: −$419
• − Insurance: −$950
• − Repairs & maintenance: −$1,480
• − Management: −$1,480
• − HOA: −$1,596
• − Depreciation: −$5,527
• Taxable loss: −$3,591
• Est. tax savings @ 24.0%: +$862
• After-tax cash flow: $559/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: Guilford County Schools
• NCES district ID: 3701920
• Math proficiency: 39% ▲ 1.00%
• Reading proficiency: 45% ▲ 1.00%
• Median HH income: $46,315
• Composite: 35.78/100
• National rank: #4842
• State rank: #99 of 178 in NC

Livability — High Point

• Score: 77/100
• State rank: #31
• US rank: #3084

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: High Point, NC
• County: Guilford County · 487,190 people
• City population: 102,450
• Metro: Greensboro-High Point, NC
• Population (ZIP): 48,798
• Household income: $73,981
• Rent vs Own: 30.6% rent · 69.4% own
• Severe rent burden: 1095.0

Population outlook (Guilford County) Hauer SSP2

• Today (2025): 584,596 people
• By 2030: 616,851 · +5.5%
• By 2040: 678,451 · +16.1%
• By 2050: 734,788 · +25.7%
• By 2075: 862,985 · +47.6%
• By 2100: 948,704 · +62.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: White 56% Black 23% Hispanic / Latino 9% Asian 8% Two or more races 7%
• Hispanic origin (detail): Mexican 4% Puerto Rican 2%
• Common ancestry: Slovak 3% Italian 3% Serbian 2%
• Foreign-born: 12% · Canada, China, Vietnam
• Languages at home: 83% English-only · Spanish 7% Other Indo-European 3% Other Asian/Pacific 2%

Political lean MEDSL · Guilford

• 2024 margin: Strong D (+21.8) · D 60.2% · R 38.4% · Other 1.4%
• 2008→2024 swing: +3.5pp toward D · 2008: 18.4pp · 2024: 21.8pp
• All cycles: 2024: D+21.8 2020: D+23.1 2016: D+20.0 2012: D+16.5 2008: D+18.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -207.73%
• Current HPI: 217.0263
• Rent YoY: ▲ 2.38%
• 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

-8.2% since first listed

5 events — show timeline

• 2026-05-20 Contingent — Triad MLS
• 2026-04-10 Price Changed $190,000 Triad MLS
• 2026-03-22 Price Changed $195,000 Triad MLS
• 2026-02-24 Price Changed $201,900 Triad MLS
• 2025-12-07 Listed $206,900 Triad MLS

Property tax history

-11.5%/yr

Latest (2024): $419 · -78.5% YoY. Source: county tax records.