%
CapRateCity
Free cap rate calculators for every US market
MarketsNorth CarolinaPinehurst

Cap Rate Analysis: Pinehurst, NC

Investment metrics, interactive calculators, and data-driven analysis for Pinehurst rental properties.

Market data powered by Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) · Updated Feb 2026

Challenging for pure cash flow
Based on $410,000 median price and $1,790/mo median rent
Est. Cap Rate
3.38%
1% Rule
0.44%
Fails
GRM
19.1x
Price / Income
7.0x

Market Data

Median Home Price$410,000
Median Monthly Rent$1,790
Property Tax Rate0.78%
Population50,000
Population Growth1.5% / yr
Median Household Income$58,267
Vacancy Rate5.3%
Annual Appreciation3.2%

Cap Rate Calculator — Pinehurst

Pre-filled with Pinehurst medians. Adjust to match a specific property.

Property Details
$
$
3–8% typical
%
Monthly Expenses
0.78% rate
$
$
8–10% of rent
$
8–12% of rent
$
Cap Rate
2.84%Low
Net Operating Income ÷ Purchase Price
NOI / Year
$11,630
net operating income
Gross Rent Multiplier
19.1x
High (>15)
1% Rule
0.44%
✗ Fails
Monthly Cash Flow
$969
before debt service
Annual Breakdown
Gross Rental Income$21,480
Less Vacancy−$1,138
Effective Income$20,342
Less Operating Expenses−$8,712
Net Operating Income$11,630
Sponsored
Analyze Deals Faster with DealCheck
Import any property, get instant investment analysis — cap rates, cash flow, rehab estimates, and offer calculations. Used by 350,000+ investors.
Try DealCheck Free →

Cash-on-Cash Return — Pinehurst

Factor in financing to see your actual return on invested capital in Pinehurst.

$
$102,500
%
%
years
$
taxes + ins + maint + mgmt
$
$
Cash-on-Cash Return
-10.10%Weak
Annual Cash Flow ÷ Total Cash Invested
Total Cash Invested
$114,800
$102,500 down + $12,300 closing
Monthly Mortgage
$2,005
on $308K loan
Monthly Cash Flow
$-967
after all expenses
Annual Cash Flow
$-11,600
before taxes
Cash Flow Breakdown
Monthly Rent$1,790
Less Expenses−$752
Less Mortgage−$2,005
Monthly Cash Flow$-967

Is Pinehurst a Good Place to Invest in Rental Property?

Pinehurst, NC has a population of 50,000 and has been growing at 1.5% annually — above the national average, suggesting steady demand pressure on housing. The median home price of $410,000 paired with median rents of $1,790/mo produces an estimated cap rate of 3.38%.

Property taxes at 0.78% are well below the national average of ~1.1%, providing a meaningful cash flow advantage many investors overlook. The vacancy rate of 5.3% is moderate and within normal parameters for a healthy rental market.

At a price-to-income ratio of 7.0x, homes cost about 7.0 times the local median income of $58,267. This elevated ratio means homeownership is stretched, supporting rental demand but limiting buyer pools. Home values have appreciated at roughly 3.2% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.

Bottom line: At current median prices, Pinehurst is challenging for pure cash flow investing. Consider BRRRR strategies with below-market purchases, or look at neighboring metros with stronger price-to-rent ratios.

Sponsored
Get AI-Powered Property Insights
Homesage.ai analyzes 140 million properties with AI — spot hidden deals, assess property condition, and find investment opportunities. Free to try.
Analyze Properties →

Pinehurst Investment Guides

Explore Pinehurst Data

Free Download
Top 25 Cash Flow Cities (2026)
See how Pinehurst compares to the best cash flow markets in America.
Get the Report →
Sponsored
Investor Gear
Google Nest Thermostat
Google
$130
FLIR ONE Gen 3 Thermal Camera
FLIR
$179
Schlage Connect Keypad Deadbolt
Schlage
$229
The CapRateCity Report
Weekly market analysis: highest cap rate cities, emerging markets, and deal breakdowns. Free, no spam.

Similar Markets in the South

Sulphur Springs, TX$255K · $1,330/mo
3.4%
The Villages, FL$385K · $1,700/mo
3.4%
Crestview, FL$435K · $1,920/mo
3.4%
Houston, TX$305K · $1,620/mo
3.4%
Asheville, NC$415K · $1,760/mo
3.4%
Run a BRRRR analysis for Pinehurst
Model a buy-rehab-refinance deal with Pinehurst data pre-loaded.
Open BRRRR Calculator →