NEW - Dunmore Plan · Bolivia, NC 28422

$249,990

3 bd · 2.0 ba · 1,452 sqft · Townhouse · 25 Days on market

Excellent condition

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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 +15.5/30.0
• ARV discount +7.5/15.0
• Condition / age +5.0/5.0
• DSCR +4.8/10.0
• 1% rule +4.2/10.0
• Schools +3.9/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Wake up to coastal charm and everyday convenience at Middle Creek Village Coastal Cottages and Villas, where life moves at a more relaxed pace just minutes from the Shallotte Riverwalk and the shores of Oak Island. The Dunmore blends modern comfort with effortless main-level living-and as a thoughtfully designed duplex, every home is an end unit, offering added privacy, natural light, and enhanced curb appeal. Enter through the attached one-car garage and step into an open-concept gourmet kitchen, where stylish cabinetry and a generous center island overlook the bright great room. Luxury vinyl plank flooring flows throughout the main living areas, creating a seamless space for everyday livi

Key facts

• Rear patio
• On-suite bath
• Garage

Tags

• OPEN-CONCEPT GOURMET KITCHEN
• REAR PATIO
• FIRST-FLOOR OWNER'S SUITE
• ON-SUITE BATH
• SPACIOUS WALK-IN CLOSET
• SECOND BEDROOM ON MAIN LEVEL

Property features AI

Finance

• Other: Address: 1508 Pine Log Trl NE, Bolivia, NC 28422; Status: Active; Last modified: 2026-05-27
• Financial info: List price $249,990

Exterior

• Parking: 1 covered garage space (1 total parking space)
• Utilities: Central air conditioning
• Home design: New construction plan: Dunmore
• Exterior features: Living area approximately 1,452

Interior

• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air conditioning
• Interior features: Central air conditioning

🏗️ New construction. The $249,990 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $245,388.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath townhouse listed at $250k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $97 ($1k/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 $227k (9.2% below list).
• Recommended offer: $227k (9.2% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 4.5% in Bolivia — 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 59/100 on livability (#549 in NC) — a working-class tenant base; expect higher turnover. Strengths: health & safety A+, cost of living B; Watch: amenities F, commute F, employment 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: Bolivia Elementary (math 50% / reading 43%, grade D-, #542 of 1,410 statewide, top 39%, 496 students, 99% FRL); South Brunswick Middle (math 41% / reading 49%, grade D, #160 of 475 statewide, top 35%, 572 students, 100% FRL); South Brunswick High (math 62% / reading 57%, grade C+, #216 of 535 statewide, top 43%, 1,172 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: 575 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 6,112 units permitted in Brunswick County in 2024 (990 in 5+ unit buildings).
• This rent runs 39% of the median local income ($69k/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 $2k of loan paydown is wiped out by about $7k 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.

Negotiation context

• It's been on market 25 days — a 2% lower offer ($246k) is reasonable based on typical stale-listing flexibility.

Recommended offer $226,980 (9.2% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
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: 0.92% ✗
• Cap rate: 6.77%
• Cash-on-cash: 1.70%
• DSCR: 1.08
• GRM: 9.0

CMA / ARV

• ARV (on-the-fly): $245,388
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1554 Sayer Rd NE	0.28mi	3/2.5	1,442 (-1%)	15mo	$216,000	$150	71
1558 Sayer Rd NE	0.28mi	3/2.5	1,442 (-1%)	15mo	$224,025	$155	71
1439 Pine Log Trl NE	0.10mi	3/2.5	1,628 (+12%)	3mo	$274,990	$169	70
1565 Sayer Rd NE	0.31mi	3/2.5	1,442 (-1%)	19mo	$246,570	$171	66
1561 Sayer Rd NE	0.31mi	3/2.5	1,442 (-1%)	20mo	$223,620	$155	66
1483 Pine Log Trl NE	0.04mi	3/2.5	1,628 (+12%)	12mo	$262,015	$161	65
1491 Pine Log Trl NE	0.04mi	3/2.0	1,628 (+12%)	18mo	$266,265	$164	63
1527 Pine Log Trl NE	0.03mi	3/2.0	1,634 (+12%)	19mo	$271,665	$166	62
631 Savinwood Trl NE	0.46mi	3/2.5	1,628 (+12%)	4mo	$290,780	$179	53
779 Savinwood Trl NE	0.57mi	3/2.5	1,628 (+12%)	3mo	$282,175	$173	49
627 Savinwood Trl NE	0.55mi	3/2.5	1,628 (+12%)	4mo	$289,995	$178	49
751 Savinwood Trl NE	0.59mi	3/2.5	1,628 (+12%)	6mo	$274,995	$169	45

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: -13.6%
• Equity multiple: 0.51×
• Total profit: $-33,531
• Equity at exit: $36,588

10-year hold

• IRR: -4.7%
• Equity multiple: 0.69×
• Total profit: $-21,077
• Equity at exit: $21,217

Cash invested: $68,709 (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 28422

• Home prices YoY: -23.8%
• Active inventory: 575
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $2,270 medium
• Mortgage (P&I): −$1,287
• Tax est. 1.5%: −$307 /mo · $3,681/yr
• Insurance: −$102
• HOA: −$0
• Vacancy / Maint / Mgmt: −$477
• Net cashflow: $97

Break-even live

Break-even rent $2,147

Max offer price $245,388

Occupancy floor 91%

Sensitivity live

Price	-10% $267	-5% $182	+0% $97	+5% $13	+10% $-72
Rent	-10% $-82	-5% $8	+0% $97	+5% $187	+10% $277
Rate	-1.0pp $221	-0.5pp $160	base $97	+0.5pp $34	+1.0pp $-31

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: $61,347
• Closing costs: $7,362
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
40 Knox St Bolivia, NC	3.0	2.0	1569	$2,200	$1.40	25d	1	1.32mi

Listing history 17 events

1. 2026-06-22
   days on market $249,990 Active 25 DOM
2. 2026-06-18
   days on market $249,990 Active 22 DOM
3. 2026-06-17
   days on market $249,990 Active 21 DOM
4. 2026-06-16
   days on market $249,990 Active 20 DOM
5. 2026-06-15
   days on market $249,990 Active 19 DOM
6. 2026-06-14
   days on market $249,990 Active 17 DOM
7. 2026-06-13
   days on market $249,990 Active 16 DOM
8. 2026-06-10
   days on market $249,990 Active 14 DOM
9. 2026-06-09
   days on market $249,990 Active 13 DOM
10. 2026-06-08
    days on market $249,990 Active 12 DOM
11. 2026-06-07
    days on market $249,990 Active 11 DOM
12. 2026-06-05
    days on market $249,990 Active 8 DOM
13. 2026-06-03
    days on market $249,990 Active 7 DOM
14. 2026-06-02
    days on market $249,990 Active 6 DOM
15. 2026-06-01
    days on market $249,990 Active 5 DOM
16. 2026-05-31
    days on market $249,990 Active 4 DOM
17. 2026-05-30
    days on market $249,990 Active 3 DOM

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

Taxation est. · year 1

• Rental income: $27,238
• − Mortgage interest: −$13,746
• − Property taxes: −$3,681
• − Insurance: −$1,227
• − Repairs & maintenance: −$2,179
• − Management: −$2,179
• − Depreciation: −$7,139
• Taxable loss: −$2,912
• Est. tax savings @ 24.0%: +$699
• After-tax cash flow: $1,867/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.

Condition & rehab AI · 10 photos

Excellent 100/100 None rehab

This townhouse is in excellent condition with modern finishes and a low-maintenance lifestyle. It is move-in ready and would benefit from landscaping and exterior painting to further enhance its curb appeal and value.

Value-add opportunities

• Both Landscaping improvements — Enhances curb appeal and adds value
• Both Painting exterior — Fresh paint can improve curb appeal and value
• Both Add smart home features — Enhances convenience and adds value

Renovation cost estimate screening

Value-add ROI direction

• Both Landscaping improvements — Enhances curb appeal and adds value ↑
• Both Painting exterior — Fresh paint can improve curb appeal and value ↑
• Both Add smart home features — Enhances convenience and adds value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — Bolivia

• Score: 59/100
• State rank: #549
• US rank: #20206

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Brunswick County · 131,536 people
• City population: 10,059
• Metro: Myrtle Beach-Conway-North Myrtle Beach, SC-NC
• Population (ZIP): 10,059
• Household income: $69,412
• Rent vs Own: 13.7% rent · 86.3% own
• Severe rent burden: 243.0

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 (80%)
• Race & ethnicity: White 80% Black 9% Two or more races 8% Hispanic / Latino 3% Native American 1%
• Common ancestry: Slovak 4% Lithuanian 3% Romanian 2%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 4%

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: ▼ -44.19%
• Current HPI: 141.1956
• 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