200 Myrtlewood Cir · Jacksonville, NC 28546

$149,900

3 bd · 1.5 ba · 1,160 sqft · Townhouse public records · 8 Days on market

Built 1982 2,614 sqft lot Est $152k · at est.

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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 +22.4/30.0
• ARV discount +8.1/15.0
• DSCR +7.2/10.0
• 1% rule +4.7/10.0
• Schools +3.9/10.0
• Livability +3.6/5.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 3 bedroom, 1- 1/2 bath End Unit Townhome is located in the heart of Jacksonville near shopping, dining and only a short drive to both Lejeune and New River. Upstairs, the spacious bedrooms are bright and open with plenty of window space for natural lighting. The downstairs living area boasts plenty of space and access to the patio. Ideal for investors, has a great rental history.

Key facts

• End unit townhome
• Fenced back yard
• Plenty of storage

Tags

• END UNIT TOWNHOME
• OPEN CONCEPT FLOORPLAN
• SLIDING GLASS DOOR ACCESS
• FENCED BACK YARD
• PRACTICAL KITCHEN
• PLENTY OF STORAGE

Property features AI

Exterior

• Parking: On-site paved parking; No designated garage
• Security: Smoke detectors
• Utilities: Public water; Sewer connected; Water connected; Electric service
• Home design: Townhouse; Two levels; Entry on level 1
• Construction: Brick veneer, vinyl siding, and frame construction; Shingle roof; Slab foundation; Built as residential townhouse
• Exterior features: Patio; Chain-link fencing in back yard; Has a view

Interior

• Kitchen: Electric oven; Refrigerator; Dishwasher
• Flooring: Carpet; Vinyl
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Heat pump heating; Electric heating; Central air conditioning
• Interior features: Walk-in closets; Ceiling fans
• Laundry & utility: Washer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath townhouse listed at $150k.

Deal economics

• At list price, monthly cash flow is $251 ($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 $146k (2.5% below list).
• Recommended offer: $146k (2.5% below list) — sets the bar for 1% rule.
• Cap rate 8.3% vs local median 4.4% in Jacksonville — 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 71/100 on livability (#111 in NC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment D, crime F, amenities 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: Jacksonville Commons Elem (math 37% / reading 38%, grade F, #766 of 1,410 statewide, top 55%, 533 students, 69% FRL); Jacksonville Commons Middle (math 39% / reading 47%, grade D-, #191 of 475 statewide, top 41%, 1,011 students, 64% FRL); Northside High (math 67% / reading 55%, grade C+, #202 of 535 statewide, top 39%, 1,097 students, 54% FRL) — zoned schools average 62% FRL vs 37% district-wide (25 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+3.9%/yr); 604 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 1,246 units permitted in Onslow County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 14y 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 $52k; list at $150k implies a 188% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 98% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $146,131 (2.5% 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. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 0.97% ✗
• Cap rate: 8.30%
• Cash-on-cash: 7.18%
• DSCR: 1.32
• GRM: 8.5

CMA / ARV

• ARV (on-the-fly): $151,960
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
427 Myrtlewood Cir	0.12mi	3/1.5	1,172 (+1%)	15mo	$153,000	$131	80
405 Myrtlewood Cir	0.09mi	2/1.5 (-1)	1,054 (-9%)	1mo	$160,000	$152	75
411 Myrtlewood Cir	0.09mi	2/1.5 (-1)	1,064 (-8%)	8mo	$155,000	$146	70
426 Myrtlewood Cir	0.13mi	2/1.5 (-1)	1,008 (-13%)	9mo	$130,000	$129	60
621 Myrtlewood Cir	0.08mi	2/1.5 (-1)	1,008 (-13%)	19mo	$103,000	$102	53
518 Myrtlewood Cir	0.14mi	2/1.5 (-1)	1,008 (-13%)	19mo	$103,000	$102	51
303 Kenan Loop	0.53mi	3/2.5	1,300 (+12%)	15mo	$220,000	$169	39

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 · 3.86% rent growth · sell at horizon

5-year hold

• IRR: -4.5%
• Equity multiple: 0.83×
• Total profit: $-7,087
• Equity at exit: $22,351

10-year hold

• IRR: 6.0%
• Equity multiple: 1.46×
• Total profit: $19,498
• Equity at exit: $12,961

Cash invested: $41,972 (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 28546

• Home prices YoY: -19.3%
• Rents YoY: 3.9%
• Active inventory: 604
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $1,461 high
• Mortgage (P&I): −$786
• Tax from tax record: −$55 /mo · $658/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$307
• Net cashflow: $251

Break-even live

Break-even rent $1,144

Max offer price $149,900

Occupancy floor 78%

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
320 Myrtlewood Cir Jacksonville, NC	3.0	1.5	1160	$1,300	$1.12	21d	1	0.07mi
190 Valencia Dr Unit 110A Jacksonville, NC	2.0	2.0	1130	$1,425	$1.26	21d	1	0.72mi
215 Valencia Dr Jacksonville, NC	1.0–2.0	1.0–2.0	842	$1,285	$1.53	21d	1	0.74mi
159 Marlene Dr Jacksonville, NC	2.0	2.0	898	$1,170	$1.30	21d	1	0.78mi
821 Shadowridge Rd Jacksonville, NC	3.0	2.0	1488	$750	$0.50	21d	1	0.91mi
3021 Steeple Chase Ct Jacksonville, NC	3.0	2.0	1260	$1,550	$1.23	13d	1	1.23mi
1025 Kensington Dr Jacksonville, NC	1.0–3.0	1.0–2.0	1150	$1,595	$1.39	21d	1	1.36mi
1025 Kensington Dr Jacksonville, NC	1.0–3.0	1.0–2.0	1150	$1,605	$1.40	13d	8	1.36mi
507 Birchwood Ct Jacksonville, NC	3.0	2.0	1314	$1,525	$1.16	13d	1	1.42mi

Listing history 8 events

1. 2026-05-20
   status Pending
2. 2026-05-12
   listed $149,900 Active
3. 2020-03-26
   soldstatus $52,000
4. 2020-03-23
   soldstatus $52,000 387-char remark

   Show marketing remark (387 chars)

   This 3 bedroom, 1- 1/2 bath End Unit Townhome is located in the heart of Jacksonville near shopping, dining and only a short drive to both Lejeune and New River. Upstairs, the spacious bedrooms are bright and open with plenty of window space for natural lighting. The downstairs living area boasts plenty of space and access to the patio. Ideal for investors, has a great rental history.

5. 2020-02-28
   listed $49,000 387-char remark

   Show marketing remark (387 chars)

   This 3 bedroom, 1- 1/2 bath End Unit Townhome is located in the heart of Jacksonville near shopping, dining and only a short drive to both Lejeune and New River. Upstairs, the spacious bedrooms are bright and open with plenty of window space for natural lighting. The downstairs living area boasts plenty of space and access to the patio. Ideal for investors, has a great rental history.

6. 2013-06-26
   historical
7. 2012-10-03
   listed $54,900
8. 2004-03-16
   soldstatus $44,000

ⓘ 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: $658 · $55/mo
• Projected year-2 tax: $1,229 · $102/mo
• Expected delta: +$571/yr (+$48/mo · 86.7%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 68% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥106°F today · 19 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 98% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,536
• − Mortgage interest: −$8,397
• − Property taxes: −$658
• − Insurance: −$750
• − Repairs & maintenance: −$1,403
• − Management: −$1,403
• − Depreciation: −$4,361
• Taxable income: $565
• Est. tax owed @ 24.0%: −$135
• After-tax cash flow: $2,877/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 — Jacksonville

• Score: 71/100
• State rank: #111
• US rank: #6991

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jacksonville, NC
• County: Onslow County · 164,453 people
• City population: 96,397
• Metro: Jacksonville, NC
• Population (ZIP): 47,256
• Household income: $63,561
• Rent vs Own: 42.2% rent · 57.8% own
• Severe rent burden: 1830.0

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: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: White 57% Black 18% Hispanic / Latino 16% Two or more races 13% Asian 2%
• Hispanic origin (detail): Mexican 5% Puerto Rican 5% Dominican 1%
• Common ancestry: Romanian 1% Serbian 1% Slovak 1%
• Foreign-born: 5% · Canada, South Korea
• Languages at home: 89% English-only · Spanish 8% German/W. Germanic 1% Tagalog/Filipino 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: ▼ -50.75%
• Current HPI: 211.9993
• Rent YoY: ▲ 3.86%
• 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

+240.7% since first listed

8 events — show timeline

• 2026-05-20 Pending — Hive MLS
• 2026-05-12 Listed $149,900 Hive MLS
• 2020-03-26 Sold (Public Records) $52,000 Public Records
• 2020-03-23 Sold (MLS) $52,000 Hive MLS
• 2020-02-28 Listed $49,000 Hive MLS
• 2013-06-26 Listing Removed — Hive MLS
• 2012-10-03 Listed $54,900 Hive MLS
• 2004-03-16 Sold (Public Records) $44,000 Public Records

Property tax history

+2.1%/yr

Latest (2025): $658 · +0.0% YoY. Source: county tax records.