306 Richlands Ave · Jacksonville, NC 28540

$145,000

4 bd · 1.5 ba · 1,134 sqft · SingleFamily public records · 83 Days on market

Built 1950 8,276 sqft lot Est $210k · 31% under

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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 +25.1/30.0
• ARV discount +15.0/15.0
• DSCR +8.2/10.0
• 1% rule +6.2/10.0
• Schools +3.9/10.0
• Rent growth +3.6/5.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Adorable 3 bedroom, 1.5 bath home in the heart of Jacksonville. Close to shopping, schools, restaurants, and base. Priced to sell at $139,000. Call for your VIP tour, this Home wont last!

Key facts

• Near shopping
• Near restaurants
• 3 bedroom bungalow

Tags

• 3 BEDROOM BUNGALOW
• CONVENIENTLY LOCATED NEAR BASE
• NEAR SHOPPING
• NEAR RESTAURANTS

Property features AI

Finance

• Other: Zoned RMF-LD; Lot dimensions approximately 50 x 171 x 47 x 172 (0.19 acres); Road frontage on city street and state road; Directions: Hwy 17 N Business, left on Richlands Ave (Days Inn on corner). Home down on the right, #306 Richlands Ave; Subdivision: Overbrook Ext 3

Exterior

• Parking: On-site parking
• Utilities: Public water; Public sewer; Sewer available; Water available
• Home design: Single-family residence; One level; Residential property
• Construction: Vinyl siding and frame construction; Combination foundation; Built with frame construction
• Exterior features: Shingle roof; Porch; Has a view

Interior

• Kitchen: Electric oven; Refrigerator; Dishwasher
• Bedrooms: Total of 6 rooms (bedroom count not specified)
• Flooring: Carpet; Laminate
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central air; Electric heating; Heat pump
• Interior features: Unfurnished; Porch
• Laundry & utility: Laundry in hall; Laundry closet; Electric water heater

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $322 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Recommended offer: $136k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.0% 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: Clyde Erwin Elementary (math 32% / reading 47%, grade F, #694 of 1,410 statewide, top 53%, 343 students, 67% FRL); New Bridge Middle (math 57% / reading 64%, grade B+, #43 of 475 statewide, top 9%, 490 students, 40% FRL); Jacksonville High (math 52% / reading 66%, grade C+, #233 of 535 statewide, top 44%, 1,423 students, 44% FRL).
• Market conditions: Rents rising fast (+4.5%/yr); 380 active listings in the ZIP; 4 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.
• At projected returns (-3.0% appreciation + 4.5% rent growth), your $41k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 83 days — a 6% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 18y 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.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $136,300 (6.0% below list)

Questions for the listing agent

1. It's been on market 83 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
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: 1.12% ✓
• Cap rate: 8.96%
• Cash-on-cash: 9.53%
• DSCR: 1.42
• GRM: 7.4

CMA / ARV

• ARV (on-the-fly): $209,790
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
312 Sherwood Rd	0.21mi	3/2.0 (-1)	1,152 (+2%)	6mo	$205,000	$178	75
400 Hickory Ct	0.39mi	3/1.0 (-1)	1,166 (+3%)	2mo	$225,000	$193	69
119 Preston Rd	0.31mi	3/1.0 (-1)	1,024 (-10%)	2mo	$197,000	$192	60
532 Oak Ln	0.52mi	3/1.5 (-1)	1,072 (-6%)	4mo	$190,000	$177	59
608 Maple St	0.64mi	3/1.0 (-1)	1,158 (+2%)	2mo	$205,000	$177	58
117 Puller Dr	0.70mi	3/1.5 (-1)	1,125 (-1%)	6mo	$195,000	$173	56
131 Cox Ave	0.53mi	3/2.0 (-1)	1,198 (+6%)	5mo	$211,100	$176	54
117 Summersill Dr	0.58mi	3/2.0 (-1)	1,276 (+12%)	3mo	$239,900	$188	43
118 Thompson St	0.63mi	3/2.5 (-1)	1,281 (+13%)	2mo	$274,400	$214	38
702 Williams St	0.72mi	3/1.0 (-1)	1,000 (-12%)	4mo	$210,000	$210	37
113 Sanders St	0.69mi	3/2.5 (-1)	1,280 (+13%)	1mo	$236,000	$184	37
113 Bryan St	0.73mi	3/1.0 (-1)	1,000 (-12%)	6mo	$185,000	$185	34

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 · 4.47% rent growth · sell at horizon

5-year hold

• IRR: -0.3%
• Equity multiple: 0.99×
• Total profit: $-537
• Equity at exit: $21,620

10-year hold

• IRR: 10.7%
• Equity multiple: 1.89×
• Total profit: $36,250
• Equity at exit: $12,537

Cash invested: $40,600 (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 28540

• Home prices YoY: -21.5%
• Rents YoY: 4.5%
• Active inventory: 380
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,622 medium
• Mortgage (P&I): −$760
• Tax from tax record: −$139 /mo · $1,663/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$341
• Net cashflow: $322

Break-even live

Break-even rent $1,214

Max offer price $145,000

Occupancy floor 75%

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
16 White Oak St Jacksonville, NC	3.0	2.0	1150	$1,650	$1.43	20d	1	0.39mi
508 Henderson Dr Jacksonville, NC	3.0	1.0	1050	$1,400	$1.33	20d	1	0.39mi
113 N Shore Dr Jacksonville, NC	3.0	1.0	1126	$1,395	$1.24	20d	1	0.44mi
129 Sanders St Jacksonville, NC	3.0	2.0	1198	$1,450	$1.21	20d	1	0.69mi

Listing history 37 events

1. 2026-06-10
   days on market $145,000 Active 83 DOM
2. 2026-06-09
   days on market $145,000 Active 82 DOM
3. 2026-06-09
   days on market $145,000 Active 81 DOM
4. 2026-06-07
   days on market $145,000 Active 80 DOM
5. 2026-06-03
   days on market $145,000 Active 76 DOM
6. 2026-06-02
   days on market $145,000 Active 75 DOM
7. 2026-06-01
   days on market $145,000 Active 74 DOM
8. 2026-05-31
   days on market $145,000 Active 73 DOM
9. 2026-05-30
   days on market $145,000 Active 72 DOM
10. 2026-05-18
    price $145,000
11. 2026-03-19
    listed $150,000 Active
12. 2025-09-08
    status Active
13. 2025-08-26
    status Pending
14. 2025-08-26
    historical
15. 2025-07-30
    status Active
16. 2025-07-23
    status Pending
17. 2025-06-04
    price $150,000
18. 2025-05-02
    price $152,900
19. 2025-04-11
    price $162,900
20. 2025-02-12
    price $170,000
21. 2025-01-29
    price $175,000
22. 2025-01-15
    price $180,000
23. 2024-12-16
    listed $185,900 Active
24. 2022-04-29
    soldstatus $139,000 Closed 187-char remark

    Show marketing remark (187 chars)

    Adorable 3 bedroom, 1.5 bath home in the heart of Jacksonville. Close to shopping, schools, restaurants, and base. Priced to sell at $139,000. Call for your VIP tour, this Home wont last!

25. 2022-04-29
    soldstatus $139,000

    Show marketing remark (187 chars)

    Adorable 3 bedroom, 1.5 bath home in the heart of Jacksonville. Close to shopping, schools, restaurants, and base. Priced to sell at $139,000. Call for your VIP tour, this Home wont last!

26. 2022-03-17
    historical 187-char remark

    Show marketing remark (187 chars)

    Adorable 3 bedroom, 1.5 bath home in the heart of Jacksonville. Close to shopping, schools, restaurants, and base. Priced to sell at $139,000. Call for your VIP tour, this Home wont last!

27. 2022-03-13
    listed $139,000 187-char remark

    Show marketing remark (187 chars)

    Adorable 3 bedroom, 1.5 bath home in the heart of Jacksonville. Close to shopping, schools, restaurants, and base. Priced to sell at $139,000. Call for your VIP tour, this Home wont last!

28. 2020-07-24
    soldstatus $112,900
29. 2020-02-28
    listed $109,900
30. 2017-10-11
    soldstatus $39,100
31. 2017-08-13
    listed $41,500
32. 2017-01-05
    historical
33. 2014-04-08
    listed $66,000
34. 2008-07-03
    soldstatus $97,000
35. 2008-03-03
    historical
36. 2008-02-26
    listed $105,000
37. 2007-05-16
    soldstatus $36,000

ⓘ 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: $1,663 · $139/mo
• Projected year-2 tax: $1,663 · $139/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥106°F today · 18 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 99% 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: $19,468
• − Mortgage interest: −$8,122
• − Property taxes: −$1,663
• − Insurance: −$725
• − Repairs & maintenance: −$1,557
• − Management: −$1,557
• − Depreciation: −$4,218
• Taxable income: $1,625
• Est. tax owed @ 24.0%: −$390
• After-tax cash flow: $3,477/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): 49,141
• Household income: $65,625
• Rent vs Own: 38.2% rent · 61.8% own
• Severe rent burden: 1304.0

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 0.58)
• Race & ethnicity: White 62% Black 14% Hispanic / Latino 14% Two or more races 13% Asian 2%
• Hispanic origin (detail): Mexican 5% Puerto Rican 6%
• Common ancestry: Italian 3% Serbian 2% Romanian 2%
• Foreign-born: 4% · Canada, China
• Languages at home: 90% English-only · Spanish 7% Chinese 1% Other Asian/Pacific 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: ▼ -60.11%
• Current HPI: 219.5571
• Rent YoY: ▲ 4.47%
• 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

+302.8% since first listed

28 events — show timeline

• 2026-05-18 Price Changed $145,000 Hive MLS
• 2026-03-19 Listed $150,000 Hive MLS
• 2025-09-08 Relisted — Hive MLS
• 2025-08-26 Pending — Hive MLS
• 2025-08-26 Listing Removed — Hive MLS
• 2025-07-30 Relisted — Hive MLS
• 2025-07-23 Pending — Hive MLS
• 2025-06-04 Price Changed $150,000 Hive MLS
• 2025-05-02 Price Changed $152,900 Hive MLS
• 2025-04-11 Price Changed $162,900 Hive MLS
• 2025-02-12 Price Changed $170,000 Hive MLS
• 2025-01-29 Price Changed $175,000 Hive MLS
• 2025-01-15 Price Changed $180,000 Hive MLS
• 2024-12-16 Listed $185,900 Hive MLS
• 2022-04-29 Sold (Public Records) $139,000 Public Records
• 2022-04-29 Sold (MLS) $139,000 Hive MLS
• 2022-03-17 Listing Removed — Hive MLS
• 2022-03-13 Listed $139,000 Hive MLS
• 2020-07-24 Sold (MLS) $112,900 Hive MLS
• 2020-02-28 Listed $109,900 Hive MLS
• 2017-10-11 Sold (MLS) $39,100 Hive MLS
• 2017-08-13 Listed $41,500 Hive MLS
• 2017-01-05 Listing Removed — Hive MLS
• 2014-04-08 Listed $66,000 Hive MLS
• 2008-07-03 Sold (Public Records) $97,000 Public Records
• 2008-03-03 Listing Removed — Hive MLS
• 2008-02-26 Listed $105,000 Hive MLS
• 2007-05-16 Sold (Public Records) $36,000 Public Records

Property tax history

+4.2%/yr

Latest (2025): $1,663 · +0.0% YoY. Source: county tax records.