227 Independence Blvd · Newport, NC 28570

$330,000

3 bd · 2.0 ba · 1,718 sqft · Other public records · 3 Days on market

Built 2020 10,454 sqft lot $25/mo HOA

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +5.1/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

The single story Bayhill is brand new to JC Jackson's Carolina Series. With three bedrooms and two bathrooms this split bedroom home features a great room open to the kitchen and dining area that includes a corner pantry, and center eat at island. The owner's bedroom is separate from the secondary bedrooms, overlooks the backyard, and features a large walk-in closet. The unique layout of this floor plan allows for a partially covered porch to come included in the base model! Heritage Pointe community standards for this plan include a natural gas fireplace, luxury owner's bath, a ''drop zone'' just inside the garage entrance, garage service door, dual vanities in the hall bathroom, as well as extra windows in the dining area. Additional luxury choices could include an extended rear covered or screened porch, a Carolina room, or even a side load garage.

Key facts

• Large island
• Ample cabinet space
• Cozy fireplace

Tags

• OPEN-CONCEPT LAYOUT
• COZY FIREPLACE
• LARGE ISLAND
• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• AMPLE CABINET SPACE

Property features AI

Finance

• HOA & community: Homeowners association with annual fee of $300 (about $25/month); HOA maintains grounds; RV/boat storage available; Neighborhood sidewalks and street lights

Exterior

• Parking: Attached 2-car garage; Paved parking
• Security: Smoke detectors
• Utilities: Public water; Public sewer; Natural gas connected; Water and sewer available
• Home design: Single-family residence; One story; Entry level: 1; Raised and slab foundation
• Construction: Stone, vinyl siding, and frame construction; Built with raised and slab foundation
• Exterior features: Covered patio and porch; Front porch; Wood fencing around backyard; Shingle roof; Paved road access; Has a view

Interior

• Kitchen: Electric oven; Dishwasher; Disposal; Microwave; ENERGY STAR qualified appliances; Pantry
• Bedrooms: Rooms total: 6
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Heat pump; Central air; Zoned cooling; Energy-efficient thermostat; Ventilation for improved indoor air quality
• Interior features: Walk-in closets; Vaulted ceilings; Entrance foyer; Ceiling fans; Pantry; Insulated windows; Gas log fireplace; Accessible full bathroom
• Laundry & utility: Washer hookup; Dedicated laundry room; Tankless water heater; Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath other listed at $330k.

Deal economics

• At list price, monthly cash flow is $8k ($94k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($12k rent vs $330k).

Location & tenants

• Location reads 63/100 on livability (#385 in NC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment C-, amenities F, commute F.
• Carteret County Public Schools (rural): math 59% / reading 61% proficiency, ranked #31 of 178 in NC (top 17%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Newport Elementary (math 48% / reading 45%, grade D-, #542 of 1,410 statewide, top 39%, 645 students, 100% FRL); Newport Middle (math 39% / reading 56%, grade C-, #140 of 475 statewide, top 30%, 378 students, 98% FRL); West Carteret High (math 82% / reading 71%, grade A-, #89 of 535 statewide, top 16%, 1,146 students, 40% FRL) — zoned schools average 79% FRL vs 39% district-wide (40 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 216 active listings in the ZIP; 935 units permitted in Carteret County in 2024 (360 in 5+ unit buildings).
• At $12,453/mo this rent would consume 213% of the median local household income ($70k/yr) (locally 461% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.
• Carteret County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $92k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 7y 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 $217k; list at $330k implies a 52% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $330,000

Questions for the listing agent

1. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 3.77% ✓
• Cap rate: 34.95%
• Cash-on-cash: 102.35%
• DSCR: 5.55
• GRM: 2.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 5.81×
• Total profit: $444,273
• Equity at exit: $49,204

10-year hold

• IRR: —
• Equity multiple: 12.12×
• Total profit: $1,027,877
• Equity at exit: $28,532

Cash invested: $92,400 (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 28570

• Home prices YoY: -16.2%
• Active inventory: 216
• Price-to-rent: 2.2×

Monthly cashflow live

• Estimated rent: $12,453 medium
• Mortgage (P&I): −$1,731
• Tax from tax record: −$63 /mo · $761/yr
• Insurance: −$138
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$25
• Vacancy / Maint / Mgmt: −$2,615
• Net cashflow: $7,815

Break-even live

Break-even rent $2,561

Max offer price $330,000

Occupancy floor 32%

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: $82,500
• Closing costs: $9,900
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $25 · $300/yr
• Likely covers: gas

Listing history 5 events

1. 2026-05-05
   status Pending
2. 2026-05-02
   listed $330,000 Active
3. 2020-02-24
   soldstatus $217,000 863-char remark

   Show marketing remark (863 chars)

   The single story Bayhill is brand new to JC Jackson's Carolina Series. With three bedrooms and two bathrooms this split bedroom home features a great room open to the kitchen and dining area that includes a corner pantry, and center eat at island. The owner's bedroom is separate from the secondary bedrooms, overlooks the backyard, and features a large walk-in closet. The unique layout of this floor plan allows for a partially covered porch to come included in the base model! Heritage Pointe community standards for this plan include a natural gas fireplace, luxury owner's bath, a ''drop zone'' just inside the garage entrance, garage service door, dual vanities in the hall bathroom, as well as extra windows in the dining area. Additional luxury choices could include an extended rear covered or screened porch, a Carolina room, or even a side load garage.

4. 2019-08-13
   soldstatus $450,000
5. 2019-07-23
   listed $217,000 863-char remark

   Show marketing remark (863 chars)

   The single story Bayhill is brand new to JC Jackson's Carolina Series. With three bedrooms and two bathrooms this split bedroom home features a great room open to the kitchen and dining area that includes a corner pantry, and center eat at island. The owner's bedroom is separate from the secondary bedrooms, overlooks the backyard, and features a large walk-in closet. The unique layout of this floor plan allows for a partially covered porch to come included in the base model! Heritage Pointe community standards for this plan include a natural gas fireplace, luxury owner's bath, a ''drop zone'' just inside the garage entrance, garage service door, dual vanities in the hall bathroom, as well as extra windows in the dining area. Additional luxury choices could include an extended rear covered or screened porch, a Carolina room, or even a side load garage.

ⓘ 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: $761 · $63/mo
• Projected year-2 tax: $2,706 · $226/mo
• Expected delta: +$1,945/yr (+$162/mo · 255.4%)

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

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥103°F today · 21 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $149,432
• − Mortgage interest: −$18,485
• − Property taxes: −$761
• − Insurance: −$2,448
• − Repairs & maintenance: −$11,955
• − Management: −$11,955
• − HOA: −$300
• − Depreciation: −$9,600
• Taxable income: $93,929
• Est. tax owed @ 24.0%: −$22,543
• After-tax cash flow: $71,233/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: Carteret County Public Schools
• NCES district ID: 3700630
• Math proficiency: 59% ▲ 5.00%
• Reading proficiency: 61% ▲ 2.00%
• Median HH income: $48,330
• Composite: 50.92/100
• National rank: #1786
• State rank: #31 of 178 in NC

Livability — Newport

• Score: 63/100
• State rank: #385
• US rank: #15094

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Newport, NC
• County: Carteret County · 52,389 people
• City population: 22,197
• Metro: Morehead City, NC
• Population (ZIP): 22,197
• Household income: $70,229
• Rent vs Own: 22.7% rent · 77.3% own
• Severe rent burden: 461.0

Population outlook (Carteret County) Hauer SSP2

• Today (2025): 73,443 people
• By 2030: 75,344 · +2.6%
• By 2040: 78,142 · +6.4%
• By 2050: 80,091 · +9.1%
• By 2075: 86,120 · +17.3%
• By 2100: 89,408 · +21.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Hispanic / Latino 7% Two or more races 6% Black 3% Asian 1%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Slovak 3% Romanian 3% Lithuanian 2%
• Foreign-born: 5% · Canada, Dominican Republic
• Languages at home: 92% English-only · Spanish 6% German/W. Germanic 1%

Political lean MEDSL · Carteret

• 2024 margin: Solid R (+43.1) · D 28.0% · R 71.1%
• 2008→2024 swing: -8.4pp toward R · 2008: -34.7pp · 2024: -43.1pp
• All cycles: 2024: R+43.1 2020: R+42.0 2016: R+44.5 2012: R+41.0 2008: R+34.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -53.54%
• Current HPI: 276.6589
• Rent YoY: —
• Metro: Morehead City, 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

+52.1% since first listed

5 events — show timeline

• 2026-05-05 Pending — Hive MLS
• 2026-05-02 Listed $330,000 Hive MLS
• 2020-02-24 Sold (MLS) $217,000 Hive MLS
• 2019-08-13 Sold (Public Records) $450,000 Public Records
• 2019-07-23 Listed $217,000 Hive MLS

Property tax history

+40.0%/yr

Latest (2025): $761 · -6.9% YoY. Source: county tax records.