270 Justice Dr · Broad Creek, NC 28570

$424,770

3 bd · 2.0 ba · 2,014 sqft · SingleFamily · 1 Days on market

Built 2026 Fair condition Est $429k · at est. $27/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 +7.9/15.0
• Schools +5.1/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks

PRE SALE NO SHOWINGS! The single-story Mason is a classic addition to JC Jackson's Carolina Series. With three bedrooms and two bathrooms this split bedroom home features a study just inside the front door, a great room open to the kitchen and dining area that includes a corner pantry, and grand center eat at island. The owner's bedroom is separate from the secondary bedrooms, overlooks the backyard, and features a sizable walk-in closet and owner's bathroom. Brought to you by the sought after JC Jackson Homes!

Key facts

• Study
• Single-story
• Corner pantry

Tags

• SINGLE-STORY
• SPLIT BEDROOM
• STUDY
• GREAT ROOM
• CORNER PANTRY
• CENTER EAT AT ISLAND

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $425k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $7k ($82k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($12k rent vs $425k).

Location & tenants

• Location reads 64/100 on livability (#340 in NC) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, health & safety D-.
• 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 $12,433/mo this rent would consume 212% 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 $3k of loan paydown is wiped out by about $13k 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 $119k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: 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 $424,770

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
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. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 2.93% ✓
• Cap rate: 25.67%
• Cash-on-cash: 69.21%
• DSCR: 4.08
• GRM: 2.8

CMA / ARV

• ARV (on-the-fly): $428,982
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
183 Gales Dr	0.10mi	3/2.0	2,044 (+2%)	11mo	$435,000	$213	84
115 Eudora Dr	0.34mi	3/2.5	2,030 (+1%)	8mo	$425,000	$209	74
101 Eudora Dr	0.38mi	3/2.5	1,906 (-5%)	2mo	$425,000	$223	70
115 Ballantine Grove Ln	0.52mi	4/2.0 (+1)	2,016 (+0%)	12mo	$405,000	$201	61
281 Bay Run	0.70mi	3/2.5	2,015 (0%)	7mo	$430,000	$213	59
265 Bay Run	0.67mi	3/2.5	2,100 (+4%)	4mo	$390,000	$186	56
110 Ballantine Grove Ln	0.48mi	4/2.0 (+1)	1,885 (-6%)	13mo	$390,000	$207	51
129 Ballantine Grove Ln	0.50mi	3/2.0	1,760 (-13%)	11mo	$387,000	$220	46
111 Whitewater Cv	0.43mi	3/2.0	1,733 (-14%)	13mo	$389,900	$225	46
111 Dixon Pond Dr Lot 96	0.38mi	4/2.0 (+1)	1,774 (-12%)	16mo	$369,999	$209	44
210 Jones Ridge Ln Lot 89	0.46mi	4/2.0 (+1)	1,774 (-12%)	13mo	$374,199	$211	42
211 Fawns Path Cir Lot 83	0.53mi	4/2.0 (+1)	1,774 (-12%)	15mo	$393,000	$222	38

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: 68.7%
• Equity multiple: 4.10×
• Total profit: $368,288
• Equity at exit: $63,335

10-year hold

• IRR: 72.8%
• Equity multiple: 8.43×
• Total profit: $884,126
• Equity at exit: $36,726

Cash invested: $118,936 (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: 2.8×

Monthly cashflow live

• Estimated rent: $12,433 medium
• Mortgage (P&I): −$2,228
• Tax est. 1.5%: −$531 /mo · $6,372/yr
• Insurance: −$177
• HOA: −$27
• Vacancy / Maint / Mgmt: −$2,611
• Net cashflow: $6,860

Break-even live

Break-even rent $3,750

Max offer price $424,770

Occupancy floor 40%

Sensitivity live

Price	-10% $7,154	-5% $7,007	+0% $6,860	+5% $6,713	+10% $6,566
Rent	-10% $5,878	-5% $6,369	+0% $6,860	+5% $7,351	+10% $7,842
Rate	-1.0pp $7,074	-0.5pp $6,968	base $6,860	+0.5pp $6,750	+1.0pp $6,638

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: $106,192
• Closing costs: $12,743
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $27 · $324/yr

Listing history 2 events

1. 2026-04-02
   status Pending
2. 2026-03-31
   listed $424,770 Active

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥102°F today · 21 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $149,202
• − Mortgage interest: −$23,794
• − Property taxes: −$6,372
• − Insurance: −$2,124
• − Repairs & maintenance: −$11,936
• − Management: −$11,936
• − HOA: −$324
• − Depreciation: −$12,357
• Taxable income: $80,360
• Est. tax owed @ 24.0%: −$19,286
• After-tax cash flow: $63,033/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 · 2 photos

Fair 45/100 Moderate rehab

The home requires moderate repairs to the roof and exterior siding, with some maintenance needed for the HVAC. Painting the exterior and replacing the HVAC condensers would significantly enhance its resale and rental value.

Repairs flagged

• Moderate roof — Signs of wear visible
• Moderate exterior siding — Some discoloration present

Value-add opportunities

• Both Paint exterior — Enhances curb appeal and value
• Both Replace HVAC condensers — Improves comfort and energy efficiency

Renovation cost estimate screening

Repair item	Severity	Est. cost
roof · Signs of wear visible	Moderate	$3,000–15,000
exterior siding · Some discoloration present	Moderate	$3,000–15,000
Total estimated repair cost · 2 items		$6,000–30,000

Value-add ROI direction

• Both Paint exterior — Enhances curb appeal and value ↑
• Both Replace HVAC condensers — Improves comfort and energy efficiency ↑

ⓘ 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: 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 — Broad Creek

• Score: 64/100
• State rank: #340
• US rank: #13718

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Broad Creek, NC
• County: Carteret County · 52,389 people
• 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

2 events — show timeline

• 2026-04-02 Pending — Hive MLS
• 2026-03-31 Listed $424,770 Hive MLS