208 Bridgewood Dr · Jacksonville, NC 28546

$160,000

2 bd · 1.5 ba · 992 sqft · Townhouse public records · 2 Days on market

Built 2007 1,307 sqft lot Est $176k · 9% under $34/mo HOA · 2% of rent

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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 +15.7/30.0
• ARV discount +11.5/15.0
• DSCR +4.8/10.0
• 1% rule +3.9/10.0
• Schools +3.9/10.0
• Livability +3.6/5.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Perfect townhouse in a fabulous neighborhood close to the main strip in Jacksonville and the base.

Key facts

• Functional kitchen
• Open living area
• Private rear patio

Tags

• TWO STORY LAYOUT
• PRIVATE REAR PATIO
• CAROLINA FOREST COMMUNITY
• OPEN LIVING AREA
• FUNCTIONAL KITCHEN

Property features AI

Finance

• Other: Zoning: TCA
• HOA & community: Homeowners association with an annual fee of $410 (about $34.17/month); Association reports no additional amenities

Exterior

• Parking: Assigned parking
• Utilities: Public water; Sewer available; Water available
• Home design: Townhouse (residential); Two levels; Entry level on level 1
• Construction: Vinyl siding and frame construction; Shingle roof; Slab foundation; Built with an irregular lot
• Exterior features: Patio; No fencing; Has a view; City street and state road frontage

Interior

• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Heat pump; Electric heating; Cooling via heat pump
• Interior features: Ceiling fan(s); Window coverings

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath townhouse listed at $160k.

Deal economics

• At list price, monthly cash flow is $71 ($847/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $143k (10.7% below list).
• Recommended offer: $143k (10.7% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 4.4% in Jacksonville — 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 71/100 on livability (#111 in NC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment D, crime F, amenities F.
• Onslow County Schools (other): math 42% / reading 49% proficiency, ranked #84 of 178 in NC (top 47%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Carolina Forest Elementary (math 53% / reading 52%, grade C-, #349 of 1,410 statewide, top 25%, 678 students, 49% FRL); Jacksonville Commons Middle (math 39% / reading 47%, grade D-, #191 of 475 statewide, top 41%, 1,011 students, 64% FRL); Jacksonville High (math 52% / reading 66%, grade C+, #233 of 535 statewide, top 44%, 1,423 students, 44% FRL) — zoned schools average 52% FRL vs 37% district-wide (15 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+3.9%/yr); 612 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 1,246 units permitted in Onslow County in 2024 (0 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 $5k of value loss. Plan a longer hold.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 14y ago 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 $112k; 43% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 97% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $142,910 (10.7% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 0.89% ✗
• Cap rate: 6.82%
• Cash-on-cash: 1.89%
• DSCR: 1.08
• GRM: 9.3

CMA / ARV

• ARV (on-the-fly): $175,584
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
111 Bridgewood Dr	0.03mi	2/1.5	992 (0%)	1mo	$130,000	$131	97
903 Springwood Dr	0.04mi	2/1.5	992 (0%)	6mo	$168,000	$169	93
304 Streamwood Dr	0.06mi	2/1.5	982 (-1%)	5mo	$154,000	$157	91
607 Streamwood Dr #607	0.10mi	2/1.5	1,016 (+2%)	2mo	$165,000	$162	90
208 Springwood Dr	0.14mi	2/1.5	974 (-2%)	3mo	$167,500	$172	88
317 Glen Cannon Dr	0.55mi	2/2.5	1,084 (+9%)	3mo	$189,000	$174	53
310 Glen Cannon Drive Dr	0.57mi	2/2.5	1,084 (+9%)	2mo	$200,500	$185	52
141 Glen Cannon Dr	0.75mi	2/2.5	1,030 (+4%)	4mo	$185,000	$180	51
221 Glen Cannon Dr	0.62mi	2/2.5	1,084 (+9%)	1mo	$199,900	$184	51
403 Falls Cv	0.59mi	2/2.5	1,084 (+9%)	3mo	$199,900	$184	51
435 Falls Cv	0.65mi	2/2.5	1,094 (+10%)	5mo	$198,000	$181	45
149 Glen Cannon Dr	0.74mi	2/2.5	1,084 (+9%)	6mo	$191,500	$177	41

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 · 3.86% rent growth · sell at horizon

5-year hold

• IRR: -12.4%
• Equity multiple: 0.55×
• Total profit: $-20,190
• Equity at exit: $23,857

10-year hold

• IRR: -2.1%
• Equity multiple: 0.85×
• Total profit: $-6,614
• Equity at exit: $13,834

Cash invested: $44,800 (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 28546

• Home prices YoY: -19.3%
• Rents YoY: 3.9%
• Active inventory: 612
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,429 high
• Mortgage (P&I): −$839
• Tax from tax record: −$119 /mo · $1,424/yr
• Insurance: −$67
• HOA: −$34
• Vacancy / Maint / Mgmt: −$300
• Net cashflow: $71

Break-even live

Break-even rent $1,340

Max offer price $160,000

Occupancy floor 90%

Sensitivity live

Price	-10% $161	-5% $116	+0% $71	+5% $25	+10% $-20
Rent	-10% $-42	-5% $14	+0% $71	+5% $127	+10% $184
Rate	-1.0pp $151	-0.5pp $111	base $71	+0.5pp $29	+1.0pp $-13

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
606 Springwood Dr Jacksonville, NC	3.0	3.0	1069	$1,500	$1.40	23d	1	0.09mi
100 Delaney Dr Jacksonville, NC	1.0–3.0	1.0–2.0	1150	$1,440	$1.25	15d	11	0.33mi
100 Windsor Cir Jacksonville, NC	3.0	1.0–2.5	1033	$1,469	$1.42	15d	11	1.11mi
5049 Western Blvd Jacksonville, NC	1.0–3.0	1.0–2.0	1118	$1,419	$1.27	15d	1	1.28mi
231A Lakewood Dr Jacksonville, NC	2.0	1.0	880	$1,095	$1.24	23d	1	1.37mi

HOA detail

• Monthly dues: $34 · $408/yr

Listing history 3 events

1. 2026-06-21
   days on market $160,000 Active 2 DOM
2. 2026-06-19
   remarks 699-char remark
3. 2026-06-19
   listed $160,000 Active 1 DOM

ⓘ 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: $1,424 · $119/mo
• Projected year-2 tax: $1,424 · $119/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 21% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°F today · 18 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 97% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,149
• − Mortgage interest: −$8,962
• − Property taxes: −$1,424
• − Insurance: −$800
• − Repairs & maintenance: −$1,372
• − Management: −$1,372
• − HOA: −$408
• − Depreciation: −$4,655
• Taxable loss: −$1,844
• Est. tax savings @ 24.0%: +$442
• After-tax cash flow: $1,290/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: Onslow County Schools
• NCES district ID: 3703450
• Math proficiency: 42% ▲ 6.00%
• Reading proficiency: 49% ▲ 5.00%
• Median HH income: $46,076
• Composite: 38.66/100
• National rank: #4148
• State rank: #84 of 178 in NC

Livability — Jacksonville

• Score: 71/100
• State rank: #111
• US rank: #6991

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jacksonville, NC
• County: Onslow County · 164,453 people
• City population: 96,397
• Metro: Jacksonville, NC
• Population (ZIP): 47,256
• Household income: $63,561
• Rent vs Own: 42.2% rent · 57.8% own
• Severe rent burden: 1830.0

Population outlook (Onslow County) Hauer SSP2

• Today (2025): 189,789 people
• By 2030: 194,463 · +2.5%
• By 2040: 193,629 · +2.0%
• By 2050: 193,248 · +1.8%
• By 2075: 196,995 · +3.8%
• By 2100: 201,513 · +6.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: White 57% Black 18% Hispanic / Latino 16% Two or more races 13% Asian 2%
• Hispanic origin (detail): Mexican 5% Puerto Rican 5% Dominican 1%
• Common ancestry: Romanian 1% Serbian 1% Slovak 1%
• Foreign-born: 5% · Canada, South Korea
• Languages at home: 89% English-only · Spanish 8% German/W. Germanic 1% Tagalog/Filipino 1%

Political lean MEDSL · Onslow

• 2024 margin: Solid R (+35.9) · D 31.5% · R 67.5% · Other 1.0%
• 2008→2024 swing: -14.5pp toward R · 2008: -21.5pp · 2024: -35.9pp
• All cycles: 2024: R+35.9 2020: R+30.2 2016: R+34.6 2012: R+27.0 2008: R+21.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -50.75%
• Current HPI: 211.9993
• Rent YoY: ▲ 3.86%
• Metro: Jacksonville, 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

+60.1% since first listed

15 events — show timeline

• 2026-06-18 Listed $160,000 Hive MLS
• 2025-08-17 Rental Removed $1,200 APPFOLIO
• 2025-08-06 Listed for Rent $1,200 APPFOLIO
• 2025-08-05 Relisted — Hive MLS
• 2025-07-24 Pending — Hive MLS
• 2025-07-24 Listing Removed — Hive MLS
• 2025-07-07 Price Changed $160,000 Hive MLS
• 2025-06-15 Price Changed $170,000 Hive MLS
• 2025-06-06 Listed $180,000 Hive MLS
• 2023-07-18 Rental Removed — APPFOLIO
• 2021-10-29 Sold (Public Records) $112,000 Public Records
• 2021-10-28 Sold (MLS) $112,000 Hive MLS
• 2021-09-10 Listed $112,000 Hive MLS
• 2013-07-22 Listing Removed — Hive MLS
• 2012-12-03 Listed $99,957 Hive MLS

Property tax history

+0.9%/yr

Latest (2025): $1,424 · +0.0% YoY. Source: county tax records.