203 W Volant St · Swansboro, NC 28539

$182,000

3 bd · 2.0 ba · 1,359 sqft · SingleFamily public records · 59 Days on market

Built 1987 0.39 ac lot Est $288k · 37% under

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Why this score? — see what drove the C+ 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 +22.0/30.0
• ARV discount +15.0/15.0
• DSCR +7.0/10.0
• 1% rule +4.9/10.0
• Schools +3.9/10.0
• Livability +3.9/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Take a look at this beautifully updated home with 3 bedrooms, 2 bathrooms, a screened in porch and a BONUS room! Located only a few minutes outside of Camp Lejeune's 172 back gate and not far from Emerald Isle beaches!

Key facts

• Cul-de sac
• Fenced in back yard
• 0.39 acre lot

Tags

• MULTIFUNCTIONAL BONUS ROOM
• FENCED IN BACK YARD
• SCREENED IN BACK PORCH
• CUL-DE SAC

Property features AI

Finance

• Other: Zoning: R-10; Subdivision: Queens Ridge
• HOA & community: No association amenities

Exterior

• Parking: Attached garage (1 car); Concrete, paved parking
• Utilities: Public water; Septic tank sewer; Water service available
• Home design: Single-family residence; One story; Entry level is at grade
• Construction: Brick, vinyl siding and frame construction; Shingle roof; Slab foundation; Built with traditional residential construction (year built not provided)
• Exterior features: Covered, enclosed and screened porch; Patio/porch; Chain link and vinyl fencing; Has a view; Located on a cul-de-sac

Interior

• Kitchen: Refrigerator; Dishwasher; Electric range
• Bedrooms: Includes bedrooms (room level details not fully specified except master on main level)
• Bathrooms: Two full bathrooms
• Heating & cooling: Heat pump heating; Electric heating; Central air conditioning
• Interior features: Master bedroom located on the ground floor; Accessible full bathroom
• Laundry & utility: Dedicated laundry room; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $182k.

Deal economics

• At list price, monthly cash flow is $290 ($3k/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 $180k (1.0% below list).
• Recommended offer: $177k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.2% vs local median 3.5% in Swansboro — 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 77/100 on livability (#32 in NC, #3,124 nationally) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, crime A; Watch: amenities F, commute 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: Sand Ridge Elementary (math 57% / reading 54%, grade C, #293 of 1,410 statewide, top 21%, 581 students, 58% FRL); Swansboro Middle (math 52% / reading 55%, grade C+, #87 of 475 statewide, top 19%, 967 students, 43% FRL); Swansboro High (math 77% / reading 68%, grade B+, #104 of 535 statewide, top 19%, 1,115 students, 38% FRL).
• Zoned-school proficiency averages 60% at this address vs 46% district-wide (+15 pts) — the actual schools serving this property are materially stronger than the Onslow County Schools average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising (+2.6%/yr); 322 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 1,246 units permitted in Onslow County in 2024 (0 in 5+ unit buildings).
• This rent runs 32% of the median local income ($67k/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 $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 59 days — a 3% lower offer ($177k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 12y ago; this cycle's ask has dropped $10k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $176,540 (3.0% below list)

Questions for the listing agent

1. It's been on market 59 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 0.99% ✗
• Cap rate: 8.21%
• Cash-on-cash: 6.84%
• DSCR: 1.30
• GRM: 8.4

CMA / ARV

• ARV (on-the-fly): $288,108
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
314 Dayrell Dr	0.21mi	3/2.0	1,351 (-1%)	1mo	$275,000	$204	88
142 Rosemary Ave	0.32mi	3/2.0	1,433 (+5%)	1mo	$270,000	$188	76
608 Calabash Dr	0.35mi	3/2.0	1,182 (-13%)	1mo	$249,000	$211	61
223 Lockwood Ct	0.65mi	3/2.0	1,291 (-5%)	1mo	$278,000	$215	61
411 Foxtrace Ln	0.35mi	3/2.0	1,548 (+14%)	1mo	$247,509	$160	60
423 Dion Dr	0.73mi	3/2.0	1,412 (+4%)	1mo	$285,000	$202	59
165 Copeland Ct	0.69mi	3/1.5	1,425 (+5%)	1mo	$165,000	$116	57
327 Buckhead Rd	0.63mi	3/2.0	1,249 (-8%)	3mo	$265,000	$212	55
205 Michel Ct	0.68mi	3/2.0	1,228 (-10%)	1mo	$265,000	$216	51
503 Amber Ave	0.63mi	3/2.0	1,201 (-12%)	1mo	$275,000	$229	51
601 Cannon Ct	0.65mi	3/2.0	1,184 (-13%)	2mo	$257,000	$217	46
266 Parnell Rd	0.73mi	3/2.0	1,198 (-12%)	1mo	$260,000	$217	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 · 2.61% rent growth · sell at horizon

5-year hold

• IRR: -6.2%
• Equity multiple: 0.77×
• Total profit: $-11,758
• Equity at exit: $27,137

10-year hold

• IRR: 2.9%
• Equity multiple: 1.21×
• Total profit: $10,498
• Equity at exit: $15,736

Cash invested: $50,960 (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 28539

• Home prices YoY: -23.9%
• Rents YoY: 2.6%
• Active inventory: 322
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $1,802 high
• Mortgage (P&I): −$954
• Tax from tax record: −$103 /mo · $1,236/yr
• Insurance: −$76
• HOA: −$0
• Vacancy / Maint / Mgmt: −$378
• Net cashflow: $290

Break-even live

Break-even rent $1,435

Max offer price $182,000

Occupancy floor 79%

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: $45,500
• Closing costs: $5,460
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
212 W Volant St Hubert, NC	3.0	2.0	1223	$1,750	$1.43	21d	1	0.04mi
400 Dayrell Dr Hubert, NC	3.0	2.0	1267	$1,800	$1.42	21d	1	0.24mi
135 Rosemary Ave Hubert, NC	3.0	2.5	1610	$2,100	$1.30	21d	1	0.32mi
21 Crown Point Rd Hubert, NC	4.0	2.5	1290	$1,450	$1.12	21d	1	0.47mi
309 N Winchester Ln Hubert, NC	4.0	2.0	1456	$1,700	$1.17	21d	1	0.93mi
136 Byrum Run Hubert, NC	3.0	2.0	1164	$1,800	$1.55	21d	1	1.06mi
104 Parrot Landing Dr Hubert, NC	2.0	2.5	1300	$1,650	$1.27	21d	1	1.41mi
104 Parrot Landing Dr Unit 104 Hubert, NC	2.0	2.5	1300	$1,650	$1.27	21d	1	1.41mi

Listing history 27 events

1. 2026-05-14
   status Pending
2. 2026-04-18
   price $182,000
3. 2026-03-26
   status Active
4. 2026-03-20
   historical Active Under Contract
5. 2026-03-15
   listed $192,000 Active
6. 2023-04-14
   soldstatus $220,000 Closed 218-char remark

   Show marketing remark (218 chars)

   Take a look at this beautifully updated home with 3 bedrooms, 2 bathrooms, a screened in porch and a BONUS room! Located only a few minutes outside of Camp Lejeune's 172 back gate and not far from Emerald Isle beaches!

7. 2023-04-14
   soldstatus $220,000

   Show marketing remark (218 chars)

   Take a look at this beautifully updated home with 3 bedrooms, 2 bathrooms, a screened in porch and a BONUS room! Located only a few minutes outside of Camp Lejeune's 172 back gate and not far from Emerald Isle beaches!

8. 2023-03-13
   status Pending 218-char remark

   Show marketing remark (218 chars)

   Take a look at this beautifully updated home with 3 bedrooms, 2 bathrooms, a screened in porch and a BONUS room! Located only a few minutes outside of Camp Lejeune's 172 back gate and not far from Emerald Isle beaches!

9. 2023-03-09
   listed $220,000 Active 218-char remark

   Show marketing remark (218 chars)

   Take a look at this beautifully updated home with 3 bedrooms, 2 bathrooms, a screened in porch and a BONUS room! Located only a few minutes outside of Camp Lejeune's 172 back gate and not far from Emerald Isle beaches!

10. 2022-11-29
    historical
11. 2022-11-28
    price $208,000
12. 2022-11-22
    price $220,000
13. 2022-11-19
    price $229,000
14. 2022-11-12
    listed $235,000 Active
15. 2019-07-22
    soldstatus $144,900
16. 2019-07-22
    soldstatus $145,000
17. 2019-06-17
    listed $144,900
18. 2019-04-17
    soldstatus $76,000
19. 2019-02-13
    listed $82,250
20. 2015-01-26
    soldstatus $115,000
21. 2015-01-23
    soldstatus $114,900
22. 2015-01-23
    soldstatus $114,900
23. 2014-11-13
    listed $114,900
24. 2014-11-13
    listed $114,900
25. 2014-04-17
    soldstatus $41,676
26. 2008-12-30
    soldstatus $140,000
27. 2003-07-03
    soldstatus $80,000

ⓘ 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: $1,236 · $103/mo
• Projected year-2 tax: $1,492 · $124/mo
• Expected delta: +$256/yr (+$21/mo · 20.7%)

ⓘ 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) · 22% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥105°F today · 20 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,623
• − Mortgage interest: −$10,195
• − Property taxes: −$1,236
• − Insurance: −$910
• − Repairs & maintenance: −$1,730
• − Management: −$1,730
• − Depreciation: −$5,295
• Taxable income: $528
• Est. tax owed @ 24.0%: −$127
• After-tax cash flow: $3,356/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 — Swansboro

• Score: 77/100
• State rank: #32
• US rank: #3124

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Onslow County · 164,453 people
• Metro: Jacksonville, NC
• Population (ZIP): 18,351
• Household income: $66,976
• Rent vs Own: 23.8% rent · 76.2% own
• Severe rent burden: 602.0

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: Predominantly White (82%)
• Race & ethnicity: White 82% Two or more races 7% Hispanic / Latino 6% Black 6% Asian 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Slovak 3% Romanian 3% Lithuanian 2%
• Foreign-born: 3% · Canada
• Languages at home: 93% English-only · Spanish 3% Other Asian/Pacific 1% Other Indo-European 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: ▼ -58.68%
• Current HPI: 186.871
• Rent YoY: ▲ 2.61%
• 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

+127.5% since first listed

27 events — show timeline

• 2026-05-14 Pending — Hive MLS
• 2026-04-18 Price Changed $182,000 Hive MLS
• 2026-03-26 Relisted — Hive MLS
• 2026-03-20 Contingent — Hive MLS
• 2026-03-15 Listed $192,000 Hive MLS
• 2023-04-14 Sold (Public Records) $220,000 Public Records
• 2023-04-14 Sold (MLS) $220,000 Hive MLS
• 2023-03-13 Pending — Hive MLS
• 2023-03-09 Listed $220,000 Hive MLS
• 2022-11-29 Listing Removed — Hive MLS
• 2022-11-28 Price Changed $208,000 Hive MLS
• 2022-11-22 Price Changed $220,000 Hive MLS
• 2022-11-19 Price Changed $229,000 Hive MLS
• 2022-11-12 Listed $235,000 Hive MLS
• 2019-07-22 Sold (Public Records) $145,000 Public Records
• 2019-07-22 Sold (MLS) $144,900 Hive MLS
• 2019-06-17 Listed $144,900 Hive MLS
• 2019-04-17 Sold (MLS) $76,000 Hive MLS
• 2019-02-13 Listed $82,250 Hive MLS
• 2015-01-26 Sold (Public Records) $115,000 Public Records
• 2015-01-23 Sold (MLS) $114,900 Hive MLS
• 2015-01-23 Sold (MLS) $114,900 Hive MLS
• 2014-11-13 Listed $114,900 Hive MLS
• 2014-11-13 Listed $114,900 Hive MLS
• 2014-04-17 Sold (Public Records) $41,676 Public Records
• 2008-12-30 Sold (Public Records) $140,000 Public Records
• 2003-07-03 Sold (Public Records) $80,000 Public Records

Property tax history

+4.1%/yr

Latest (2025): $1,236 · +0.0% YoY. Source: county tax records.