143 Glenwood Dr · Swansboro, NC 28539

$233,000

3 bd · 2.0 ba · 1,096 sqft · SingleFamily public records · 32 Days on market

Built 1995 0.27 ac lot Est $243k · at est.

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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 +13.0/30.0
• ARV discount +9.4/15.0
• DSCR +3.9/10.0
• Schools +3.9/10.0
• Livability +3.9/5.0
• Rent growth +3.2/5.0
• 1% rule +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Beautifully updated 3-bedroom, 2-bath home featuring fresh upgrades throughout! Recent improvements include new exterior light fixtures, a new living room ceiling fan, new low-profile microwave, fresh paint on the walls, doors, and trim, plus brand-new LVP flooring and carpet. Enjoy the freedom of no HOA and no city taxes while still being conveniently located just a short drive from local beaches, shopping, dining, and military bases

Key facts

• New carpet
• New lvp flooring
• 0.27 acre lot

Tags

• NEW EXTERIOR LIGHT FIXTURES
• NEW LIVING ROOM CEILING FAN
• NEW LOW-PROFILE MICROWAVE
• FRESH PAINT ON THE WALLS
• NEW LVP FLOORING
• NEW CARPET

Property features AI

Finance

• Other: Zoning: R-10; Directions: From Sandridge Road, turn onto Buckhead Road, then take a left onto Glenwood Drive. Continue down Glenwood Drive to 143 Glenwood Drive, Hubert, NC 28539.
• HOA & community: Located in Foxtrace subdivision

Exterior

• Parking: On-site garage; Attached 2-car garage; 2 parking spaces total
• Utilities: Sewer connected; Water connected
• Home design: Single-family residence; One level / one story; Entry level: 1
• Construction: Vinyl siding with frame construction; Shingle/composition roof; Slab foundation; Built on lot sized approximately 0.27 acres (86 x 133 x 84 x 133)
• Exterior features: Patio; Porch; Partial fencing; Has a view; Paved road access

Interior

• Bedrooms: Total rooms: 5
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air conditioning; Electric forced air heating
• Interior features: Ceiling fan(s); Window coverings

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $233k.

Deal economics

• At list price, monthly cash flow is $-15 ($-174/yr) — negative.
• To cash-flow at today's rent, offer at most $230k (1.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $176k (24.5% below list).
• Recommended offer: $176k (24.5% below list) — sets the bar for 1% rule.
• Cap rate 6.2% 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; 7 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).
• 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 $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 32 days — a 3% lower offer ($226k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $140k; list at $233k implies a 66% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% 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 $175,885 (24.5% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 32 days. Have you received any prior offers? Is the seller open to a 25% concession, seller financing, or rate buy-down credit?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.75% ✗
• Cap rate: 6.22%
• Cash-on-cash: -0.27%
• DSCR: 0.99
• GRM: 11.0

CMA / ARV

• ARV (on-the-fly): $243,312
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
127 Glenwood Dr	0.13mi	3/2.0	1,051 (-4%)	1mo	$250,000	$238	86
142 Parnell Rd	0.14mi	3/2.0	1,050 (-4%)	2mo	$235,000	$224	85
405 Hooks Ln	0.21mi	3/2.0	1,052 (-4%)	2mo	$236,500	$225	81
412 Foxtrace Ln	0.32mi	3/2.0	1,085 (-1%)	3mo	$238,400	$220	81
203 Inman Ct	0.23mi	3/2.0	1,138 (+4%)	3mo	$243,000	$214	80
503 Amber Ave	0.14mi	3/2.0	1,201 (+10%)	1mo	$275,000	$229	77
183 Parnell Rd	0.28mi	3/2.0	1,040 (-5%)	2mo	$269,500	$259	77
601 Cannon Ct	0.19mi	3/2.0	1,184 (+8%)	2mo	$257,000	$217	76
266 Parnell Rd	0.25mi	3/2.0	1,198 (+9%)	1mo	$260,000	$217	72
104 Crown Point Rd	0.55mi	3/2.0	1,089 (-1%)	2mo	$207,500	$191	71
327 Buckhead Rd	0.23mi	3/2.0	1,249 (+14%)	3mo	$265,000	$212	64
502 Waldorf Ct	0.61mi	3/2.0	1,139 (+4%)	3mo	$253,000	$222	63

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: -17.2%
• Equity multiple: 0.40×
• Total profit: $-39,469
• Equity at exit: $34,741

10-year hold

• IRR: -9.9%
• Equity multiple: 0.41×
• Total profit: $-38,766
• Equity at exit: $20,146

Cash invested: $65,240 (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: 11.0×

Monthly cashflow live

• Estimated rent: $1,759 high
• Mortgage (P&I): −$1,222
• Tax from tax record: −$85 /mo · $1,021/yr
• Insurance: −$97
• HOA: −$0
• Vacancy / Maint / Mgmt: −$369
• Net cashflow: $-15

Break-even live

Break-even rent $1,777

Max offer price $230,435

Occupancy floor 96%

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: $58,250
• Closing costs: $6,990
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
400 Dayrell Dr Hubert, NC	3.0	2.0	1267	$1,800	$1.42	21d	1	0.35mi
212 W Volant St Hubert, NC	3.0	2.0	1223	$1,750	$1.43	21d	1	0.45mi
21 Crown Point Rd Hubert, NC	4.0	2.5	1290	$1,450	$1.12	21d	1	0.67mi
136 Byrum Run Hubert, NC	3.0	2.0	1164	$1,800	$1.55	21d	1	0.87mi
104 Parrot Landing Dr Hubert, NC	2.0	2.5	1300	$1,650	$1.27	21d	1	0.95mi
104 Parrot Landing Dr Unit 104 Hubert, NC	2.0	2.5	1300	$1,650	$1.27	21d	1	0.95mi
309 N Winchester Ln Hubert, NC	4.0	2.0	1456	$1,700	$1.17	21d	1	0.95mi

Listing history 19 events

1. 2026-06-19
   days on market $233,000 Active 32 DOM
2. 2026-06-18
   days on market $233,000 Active 31 DOM
3. 2026-06-17
   days on market $233,000 Active 30 DOM
4. 2026-06-16
   days on market $233,000 Active 29 DOM
5. 2026-06-15
   days on market $233,000 Active 28 DOM
6. 2026-06-14
   days on market $233,000 Active 26 DOM
7. 2026-06-13
   days on market $233,000 Active 25 DOM
8. 2026-06-10
   days on market $233,000 Active 23 DOM
9. 2026-06-09
   days on market $233,000 Active 22 DOM
10. 2026-06-09
    days on market $233,000 Active 21 DOM
11. 2026-06-07
    days on market $233,000 Active 20 DOM
12. 2026-06-03
    days on market $233,000 Active 16 DOM
13. 2026-06-02
    days on market $233,000 Active 15 DOM
14. 2026-06-01
    days on market $233,000 Active 14 DOM
15. 2026-05-31
    days on market $233,000 Active 13 DOM
16. 2026-05-30
    days on market $233,000 Active 12 DOM
17. 2026-05-18
    listed $233,000 Active
18. 2008-06-06
    soldstatus $140,000
19. 1995-06-29
    soldstatus $66,000

ⓘ 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: $1,021 · $85/mo
• Projected year-2 tax: $1,911 · $159/mo
• Expected delta: +$890/yr (+$74/mo · 87.2%)

ⓘ 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 ≥105°F today · 19 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: $21,106
• − Mortgage interest: −$13,052
• − Property taxes: −$1,021
• − Insurance: −$1,165
• − Repairs & maintenance: −$1,688
• − Management: −$1,688
• − Depreciation: −$6,778
• Taxable loss: −$4,286
• Est. tax savings @ 24.0%: +$1,029
• After-tax cash flow: $854/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

+253.0% since first listed

3 events — show timeline

• 2026-05-18 Listed $233,000 Hive MLS
• 2008-06-06 Sold (Public Records) $140,000 Public Records
• 1995-06-29 Sold (Public Records) $66,000 Public Records

Property tax history

+2.5%/yr

Latest (2025): $1,021 · +0.0% YoY. Source: county tax records.