3113 Fairfield Ave SW · Holden Beach, NC 28462

$130,000

2 bd · 2.0 ba · 910 sqft · Manufactured · 134 Days on market

Built 1978 0.31 ac lot Est $162k · 20% under

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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 +27.7/30.0
• ARV discount +15.0/15.0
• DSCR +9.8/10.0
• 1% rule +7.6/10.0
• Schools +3.9/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Start living the vacation lifestyle everyday. This affordable single-wide home in North Tanglewood puts you minutes from the sand and surf of Holden Beach. Offering the ultimate flexibility, this property features a rare optional HOA which would give you access to a boat ramp and pier. This is the perfect opportunity for a budget friendly home or someone looking for a fixer upper. There is an unpermitted addition to the home which is not included in the heated square footage which features an additional bathroom and a generous amount of square footage. This home is connected to county water but also features a well, 2 storage buildings and a detached carport. Schedule your private showing t

Key facts

• County water
• Pier
• Detached carport

Tags

• BOAT RAMP
• PIER
• ADDITIONAL BATHROOM
• COUNTY WATER
• STORAGE BUILDINGS
• DETACHED CARPORT

Property features AI

Finance

• Other: Lot is approximately 0.31 acres (lot dimensions: 114' x 121' x 113' x 120'); Paved road access; Zoned Co-R-6000; Located in the North Tanglewood subdivision

Exterior

• Parking: Has a 1-space carport; Unpaved parking
• Utilities: Water connected; Septic tank sewer
• Home design: Manufactured home (residential); One level; Raised foundation
• Construction: Metal siding; Metal roof; Raised foundation; Built as a manufactured home
• Exterior features: Deck; Shed(s) and storage; Has a view; No fencing noted

Interior

• Bedrooms: Total of 6 rooms (bedroom count not specified)
• Bathrooms: 2 full bathrooms; Accessible full bath
• Heating & cooling: Heat pump cooling; Heat pump and electric heating
• Interior features: Ceiling fans; Window coverings

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $130k.

Deal economics

• At list price, monthly cash flow is $393 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $114k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.9% vs local median 3.1% in Holden Beach — 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 65/100 on livability (#334 in NC) — a middle-class / working-renter tenant base. Strengths: employment A+, crime A, housing A; Watch: cost of living D, health & safety D, amenities F.
• Brunswick County Schools (rural): math 45% / reading 47% proficiency, ranked #82 of 178 in NC (top 46%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Supply Elementary (math 46% / reading 39%, grade F, #625 of 1,410 statewide, top 45%, 539 students, 99% FRL); Cedar Grove Middle (math 30% / reading 36%, grade F, #305 of 475 statewide, top 65%, 434 students, 99% FRL); West Brunswick High (math 50% / reading 56%, grade C-, #281 of 535 statewide, top 53%, 1,526 students, 100% FRL) — zoned schools average 100% FRL vs 53% district-wide (46 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 506 active listings in the ZIP; 6,112 units permitted in Brunswick County in 2024 (990 in 5+ unit buildings).
• This rent runs 33% of the median local income ($60k/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 $899 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Brunswick County population projected at +36% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $36k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 134 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $114,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 134 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.26% ✓
• Cap rate: 9.92%
• Cash-on-cash: 12.95%
• DSCR: 1.58
• GRM: 6.6

CMA / ARV

• ARV (on-the-fly): $161,980
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2057 N Tanglewood Dr SW	0.03mi	2/1.0	800 (-12%)	5mo	$135,000	$169	70
2354 Lake Paula Dr SW	0.42mi	2/2.0	900 (-1%)	10mo	$160,000	$178	70
2361 Lake Paula Dr SW	0.41mi	2/2.0	924 (+2%)	11mo	$188,000	$203	69
2356 W Tanglewood Dr SW	0.61mi	2/2.0	896 (-2%)	0mo	$243,000	$271	69
2378 Summer Place Dr SW	0.52mi	2/2.0	875 (-4%)	5mo	$200,000	$229	66
2219 Ontario St	0.31mi	3/2.0 (+1)	968 (+6%)	9mo	$115,000	$119	62
2387 Jolly Roger Dr SW	0.66mi	2/2.0	938 (+3%)	4mo	$115,000	$123	61
2903 Vinton St SW	0.50mi	2/2.0	840 (-8%)	9mo	$130,000	$155	56
3206 Waterview Dr SW	0.63mi	2/2.0	923 (+1%)	20mo	$224,100	$243	52
2312 N Bluebeard Trl SW	0.74mi	2/2.0	858 (-6%)	6mo	$128,500	$150	51
3074 Seashore Rd SW	0.35mi	3/2.0 (+1)	824 (-10%)	15mo	$165,000	$200	50
2325 Blackbeard Dr SW	0.67mi	3/2.0 (+1)	954 (+5%)	14mo	$145,000	$152	44

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: 2.8%
• Equity multiple: 1.11×
• Total profit: $3,986
• Equity at exit: $19,383

10-year hold

• IRR: 12.4%
• Equity multiple: 1.98×
• Total profit: $35,798
• Equity at exit: $11,240

Cash invested: $36,400 (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 28462

• Active inventory: 506
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,635 medium
• Mortgage (P&I): −$682
• Tax est. 1.5%: −$162 /mo · $1,950/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$343
• Net cashflow: $393

Break-even live

Break-even rent $1,137

Max offer price $130,000

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-18
   days on market $130,000 Active 134 DOM
2. 2026-06-17
   days on market $130,000 Active 133 DOM
3. 2026-06-16
   days on market $130,000 Active 132 DOM
4. 2026-06-15
   days on market $130,000 Active 131 DOM
5. 2026-06-14
   days on market $130,000 Active 129 DOM
6. 2026-06-13
   days on market $130,000 Active 128 DOM
7. 2026-06-10
   days on market $130,000 Active 126 DOM
8. 2026-06-09
   days on market $130,000 Active 125 DOM
9. 2026-06-08
   days on market $130,000 Active 124 DOM
10. 2026-06-07
    days on market $130,000 Active 123 DOM
11. 2026-06-05
    days on market $130,000 Active 120 DOM
12. 2026-06-03
    days on market $130,000 Active 119 DOM
13. 2026-06-02
    days on market $130,000 Active 118 DOM
14. 2026-06-01
    days on market $130,000 Active 117 DOM
15. 2026-05-31
    days on market $130,000 Active 116 DOM
16. 2026-05-30
    days on market $130,000 Active 115 DOM
17. 2026-02-04
    listed $130,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥104°F today · 19 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% 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: $19,615
• − Mortgage interest: −$7,282
• − Property taxes: −$1,950
• − Insurance: −$650
• − Repairs & maintenance: −$1,569
• − Management: −$1,569
• − Depreciation: −$3,782
• Taxable income: $2,813
• Est. tax owed @ 24.0%: −$675
• After-tax cash flow: $4,040/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: Brunswick County Schools
• NCES district ID: 3700420
• Math proficiency: 45% ▲ 4.00%
• Reading proficiency: 47% ▲ 4.00%
• Median HH income: $47,494
• Composite: 39.23/100
• National rank: #4011
• State rank: #82 of 178 in NC

Livability — Holden Beach

• Score: 65/100
• State rank: #334
• US rank: #13586

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Brunswick County · 131,536 people
• Metro: Myrtle Beach-Conway-North Myrtle Beach, SC-NC
• Population (ZIP): 12,340
• Household income: $60,349
• Rent vs Own: 15.5% rent · 84.5% own
• Severe rent burden: 269.0

Population outlook (Brunswick County) Hauer SSP2

• Today (2025): 152,111 people
• By 2030: 165,705 · +8.9%
• By 2040: 188,494 · +23.9%
• By 2050: 206,228 · +35.6%
• By 2075: 237,876 · +56.4%
• By 2100: 251,451 · +65.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Black 7% Two or more races 5% Hispanic / Latino 2%
• Common ancestry: Slovak 4% Lithuanian 4% Serbian 2%
• Foreign-born: 1% · Canada
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Brunswick

• 2024 margin: Strong R (+24.9) · D 37.2% · R 62.0%
• 2008→2024 swing: -6.9pp toward R · 2008: -17.9pp · 2024: -24.9pp
• All cycles: 2024: R+24.9 2020: R+25.0 2016: R+28.7 2012: R+22.2 2008: R+17.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -259.44%
• Current HPI: 144.2462
• Rent YoY: —
• Metro: Myrtle Beach-Conway-North Myrtle Beach, SC-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

1 event — show timeline

• 2026-02-04 Listed $130,000 Hive MLS

Property tax history

+2.4%/yr

Latest (2025): $127 · +0.0% YoY. Source: county tax records.