378 Bosco Ln SW · Holden Beach, NC 28462

$221,990

3 bd · 2.0 ba · 1,155 sqft · SingleFamily · 87 Days on market

Built 2026 Excellent condition 6,534 sqft lot Est $221k · at est. $42/mo HOA · 2% of rent ↓ 2% since listing

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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 +13.4/30.0
• ARV discount +7.2/15.0
• Condition / age +4.8/5.0
• 1% rule +4.0/10.0
• DSCR +4.0/10.0
• Schools +3.9/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Discover Your Dream Home in the Hewett Place! Discover the exceptional Briscoe Plan, a stylish one-story ranch designed for modern living. This beautifully crafted home features an open-concept kitchen that will inspire your inner chef. It has sleek shaker cabinets, quartz countertops and stainless steel appliances, including a smooth-top range, dishwasher, and over-the-range microwave. The main floor hosts three spacious bedrooms and a convenient laundry room, all designed for ease and comfort. The primary suite stands out with its private bath and a generous walk-in closet, offering luxury. Enjoy year-round comfort with energy-efficient Low-E insulated dual-pane vinyl windows, and benefi

Key facts

• Quartz countertops
• Open-concept kitchen
• Private bath

Tags

• OPEN-CONCEPT KITCHEN
• SHAKER CABINETS
• QUARTZ COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• PRIVATE BATH
• WALK-IN CLOSET

Property features AI

Finance

• HOA & community: Homeowners association with an annual fee of $500 (approximately $41.67/month)

Exterior

• Parking: Attached garage (garage faces front); Concrete driveway; 1 garage parking space (1 total parking space)
• Security: Smoke detector(s)
• Utilities: Public water; Sewer available; Water available; Electric service
• Home design: Single-family residence; New construction; One level (property lists one level); Two stories total; Facing/entry details not provided
• Construction: Vinyl siding and frame construction; Slab foundation; Shingle roof; Built as new construction (year not specified)
• Exterior features: Patio; Porch; No pool; No fencing; Has view; Private road frontage

Interior

• Kitchen: Electric oven; Dishwasher; Microwave
• Bedrooms: 5 total rooms (room-level details not provided)
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric forced-air heating; Central air conditioning
• Interior features: Pantry; Unfurnished
• Laundry & utility: Washer hookup; 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 $222k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $5 ($64/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 $200k (9.8% below list).
• Recommended offer: $200k (9.8% below list) — sets the bar for 1% rule.
• Cap rate 6.3% vs local median 3.0% 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: 513 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 40% 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 $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 87 days — a 6% lower offer ($209k) is reasonable based on typical stale-listing flexibility.

Recommended offer $200,189 (9.8% below list)

Questions for the listing agent

1. It's been on market 87 days. Have you received any prior offers? Is the seller open to a 10% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. 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?
6. 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.
7. 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.
8. 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: 0.90% ✗
• Cap rate: 6.32%
• Cash-on-cash: 0.10%
• DSCR: 1.00
• GRM: 9.2

CMA / ARV

• ARV (on-the-fly): $220,605
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
351 Bragg Rd SW	0.08mi	3/2.0	1,155 (0%)	0mo	$221,490	$192	96
1040 Maple View Rd SW	0.10mi	3/2.0	1,155 (0%)	6mo	$220,490	$191	91
318 Rush Dr SW	0.10mi	3/2.0	1,155 (0%)	6mo	$216,990	$188	90
491 Hewett Landing Dr SW	0.04mi	3/2.0	1,155 (0%)	10mo	$218,990	$190	90
1032 Maple View Rd SW	0.13mi	3/2.0	1,155 (0%)	6mo	$216,990	$188	89
1032 SW Maple View Rd	0.13mi	3/2.0	1,155 (0%)	6mo	$216,990	$188	89
1024 Maple View Rd SW	0.14mi	3/2.0	1,155 (0%)	6mo	$227,490	$197	88
1024 SW Maple View Rd	0.14mi	3/2.0	1,155 (0%)	6mo	$227,490	$197	88
491 SW Hewett Landing Dr	0.10mi	3/2.0	1,155 (0%)	10mo	$218,990	$190	87
467 SW Hewett Landing Dr	0.09mi	3/2.0	1,155 (0%)	11mo	$218,990	$190	87
3104 Fairfield Ave SW	0.33mi	3/2.0	1,204 (+4%)	8mo	$309,000	$257	71
1980 N Tanglewood Dr SW	0.57mi	3/2.0	1,204 (+4%)	6mo	$400,000	$332	61

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: -16.1%
• Equity multiple: 0.43×
• Total profit: $-35,574
• Equity at exit: $33,099

10-year hold

• IRR: -7.7%
• Equity multiple: 0.51×
• Total profit: $-30,309
• Equity at exit: $19,194

Cash invested: $62,157 (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: 513
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $2,002 medium
• Mortgage (P&I): −$1,164
• Tax est. 1.5%: −$277 /mo · $3,330/yr
• Insurance: −$92
• HOA: −$42
• Vacancy / Maint / Mgmt: −$420
• Net cashflow: $5

Break-even live

Break-even rent $1,995

Max offer price $221,990

Occupancy floor 95%

Sensitivity live

Price	-10% $159	-5% $82	+0% $5	+5% $-71	+10% $-148
Rent	-10% $-153	-5% $-74	+0% $5	+5% $84	+10% $164
Rate	-1.0pp $117	-0.5pp $62	base $5	+0.5pp $-52	+1.0pp $-111

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: $55,498
• Closing costs: $6,660
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2272 Dolphin Shores Dr SW Unit 404 Supply, NC	2.0	2.0	1216	$1,650	$1.36	15d	1	0.39mi

HOA detail

• Monthly dues: $42 · $504/yr

Listing history 20 events

1. 2026-06-22
   days on market $221,990 Active 87 DOM
2. 2026-06-18
   days on market $221,990 Active 84 DOM
3. 2026-06-17
   days on market $221,990 Active 83 DOM
4. 2026-06-16
   days on market $221,990 Active 82 DOM
5. 2026-06-15
   days on market $221,990 Active 81 DOM
6. 2026-06-14
   days on market $221,990 Active 79 DOM
7. 2026-06-13
   pricedays on market $221,990 Active 78 DOM
8. 2026-06-10
   days on market $214,990 Active 76 DOM
9. 2026-06-09
   days on market $214,990 Active 75 DOM
10. 2026-06-08
    days on market $214,990 Active 74 DOM
11. 2026-06-07
    days on market $214,990 Active 73 DOM
12. 2026-06-05
    days on market $214,990 Active 70 DOM
13. 2026-06-03
    days on market $214,990 Active 69 DOM
14. 2026-06-03
    price $214,990 Active 68 DOM
15. 2026-06-02
    days on market $219,990 Active 68 DOM
16. 2026-06-01
    days on market $219,990 Active 67 DOM
17. 2026-05-31
    days on market $219,990 Active 66 DOM
18. 2026-05-30
    days on market $219,990 Active 65 DOM
19. 2026-05-13
    price $219,990
20. 2026-03-26
    listed $224,990 Active

ⓘ 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: $24,023
• − Mortgage interest: −$12,435
• − Property taxes: −$3,330
• − Insurance: −$1,110
• − Repairs & maintenance: −$1,922
• − Management: −$1,922
• − HOA: −$504
• − Depreciation: −$6,458
• Taxable loss: −$3,658
• Est. tax savings @ 24.0%: +$878
• After-tax cash flow: $942/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 · 13 photos

Excellent 95/100 None rehab

This single-family home is in excellent condition with no visible repairs needed. It offers a good return on investment with updates to the exterior siding and landscaping to enhance curb appeal and value.

Value-add opportunities

• Both Painting exterior siding — Enhances curb appeal and value
• Both Landscaping improvements — Enhances curb appeal and value
• Both Replace carpet in bedrooms — Improves comfort and appearance

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior siding — Enhances curb appeal and value ↑
• Both Landscaping improvements — Enhances curb appeal and value ↑
• Both Replace carpet in bedrooms — Improves comfort and appearance ↑

ⓘ 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 — 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

-2.2% since first listed

2 events — show timeline

• 2026-05-13 Price Changed $219,990 Hive MLS
• 2026-03-26 Listed $224,990 Hive MLS