210 Shore Rd · Morehead City, NC 28570

$549,900

3 bd · 2.0 ba · 1,056 sqft · Other public records · 96 Days on market

Built 1997 0.84 ac lot ↓ 4% since listing

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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 +7.5/15.0
• Schools +5.1/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

PRICE IMPROVEMENT! Bring your vision! A peaceful oasis awaits you. Solid home on 225’ of beautiful water frontage along the Newport River. This home is ready for your personal cosmetic renovation touches so roll up your sleeves - a blank canvas is inside! Gorgeous views, tranquil surroundings & nestled on a dead-end street – you can’t go wrong with this one. Have a seat on the rocking chairs & breathe in the fresh air, listen to the water birds & feel rejuvenated. No HOA. A private boat ramp that is useable, although weathered. Open-concept living space. The second floor has tons of open space ready to be turned into whatever your heart’s desire – game room, yoga studio, home office, artist loft, etc. The half-wrap around porch makes it inviting to sit outside or visit with friends & family. Great open space under the home for parking & storage for all those water toys. A detached garage with workshop space, additional parking, water views, a half bath & living space above it. The pier was destroyed in a hurricane & needs to be rebuilt. Septic is permitted for a 2-bedroom home. Only 25 minutes to Morehead City & Atlantic Beach. Schedule your showing today!

Key facts

• Workshop space
• Water frontage
• Living space above

Tags

• WATER FRONTAGE
• PRIVATE BOAT RAMP
• HALF WRAP AROUND PORCH
• DETACHED GARAGE
• WORKSHOP SPACE
• LIVING SPACE ABOVE

Property features AI

Exterior

• Parking: Detached garage with workshop; 1.5 parking spaces (including garage)
• Utilities: Well water; Septic tank; Natural gas available
• Home design: Single family residence; Two levels; 2-story; Entry level on level 1
• Construction: Vinyl siding and frame construction; Composition roof; Pillar/Post/Pier and other foundation types; Built as residential single-family
• Exterior features: Covered patio/porch; Deck; River frontage; Paved road access; City street and state road frontage; On waterfront; Has view; No pool

Interior

• Kitchen: Eat-in kitchen (appliances not specifically listed)
• Bedrooms: 5 total rooms
• Flooring: Wood flooring
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Heat pump heating; Electric heating; Central air conditioning; Heat pump cooling
• Interior features: Ceiling fans; Eat-in kitchen; Electric water heater
• Laundry & utility: Laundry room with washer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath other listed at $550k.

Deal economics

• At list price, monthly cash flow is $6k ($71k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($13k rent vs $550k).
• Recommended offer: $500k (9.0% below list) — sets the bar for market timing.
• Cap rate 20.7% vs local median 2.0% in Morehead City — 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 63/100 on livability (#412 in NC) — a middle-class / working-renter tenant base. Strengths: cost of living A-, housing B; Watch: employment D+, crime D-, amenities F.
• 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 $12,562/mo this rent would consume 215% 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 $4k of loan paydown is wiped out by about $16k 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 $154k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 96 days — a 9% lower offer ($500k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $150k (21%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $669/mo.
• Climate carrying-cost: in FEMA flood zone VE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $500,409 (9.0% below list)

Questions for the listing agent

1. It's been on market 96 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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 D 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: 2.28% ✓
• Cap rate: 20.68%
• Cash-on-cash: 51.37%
• DSCR: 3.29
• GRM: 3.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 43.4%
• Equity multiple: 2.87×
• Total profit: $288,404
• Equity at exit: $81,992

10-year hold

• IRR: 49.4%
• Equity multiple: 5.79×
• Total profit: $738,114
• Equity at exit: $47,545

Cash invested: $153,972 (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 28570

• Home prices YoY: -16.2%
• Active inventory: 216
• Price-to-rent: 3.6×

Monthly cashflow live

• Estimated rent: $12,562 medium
• Mortgage (P&I): −$2,884
• Tax from tax record: −$220 /mo · $2,639/yr
• Insurance: −$229
• Flood insurance flood zone: −$669 /mo · $8,028/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$2,638
• Net cashflow: $5,922

Break-even live

Break-even rent $5,066

Max offer price $549,900

Occupancy floor 48%

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: $137,475
• Closing costs: $16,497
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-19
   days on market $549,900 Active 96 DOM
2. 2026-06-18
   days on market $549,900 Active 95 DOM
3. 2026-06-17
   days on market $549,900 Active 94 DOM
4. 2026-06-16
   days on market $549,900 Active 93 DOM
5. 2026-06-15
   days on market $549,900 Active 92 DOM
6. 2026-06-14
   days on market $549,900 Active 90 DOM
7. 2026-06-12
   days on market $549,900 Active 89 DOM
8. 2026-06-09
   days on market $549,900 Active 86 DOM
9. 2026-06-08
   days on market $549,900 Active 85 DOM
10. 2026-06-07
    days on market $549,900 Active 84 DOM
11. 2026-06-05
    days on market $549,900 Active 81 DOM
12. 2026-06-03
    days on market $549,900 Active 80 DOM
13. 2026-06-02
    days on market $549,900 Active 79 DOM
14. 2026-06-01
    days on market $549,900 Active 78 DOM
15. 2026-05-31
    days on market $549,900 Active 77 DOM
16. 2026-05-30
    days on market $549,900 Active 76 DOM
17. 2026-04-21
    price $669,900

    Show marketing remark (1255 chars)

    PRICE IMPROVEMENT! Bring your vision! A peaceful oasis awaits you. Solid home on 225’ of beautiful water frontage along the Newport River. This home is ready for your personal cosmetic renovation touches so roll up your sleeves - a blank canvas is inside! Gorgeous views, tranquil surroundings & nestled on a dead-end street – you can’t go wrong with this one. Have a seat on the rocking chairs & breathe in the fresh air, listen to the water birds & feel rejuvenated. No HOA. A private boat ramp that is useable, although weathered. Open-concept living space. The second floor has tons of open space ready to be turned into whatever your heart’s desire – game room, yoga studio, home office, artist loft, etc. The half-wrap around porch makes it inviting to sit outside or visit with friends & family. Great open space under the home for parking & storage for all those water toys. A detached garage with workshop space, additional parking, water views, a half bath & living space above it. The pier was destroyed in a hurricane & needs to be rebuilt. Septic is permitted for a 2-bedroom home. Only 25 minutes to Morehead City & Atlantic Beach. Schedule your showing today!

18. 2026-04-21
    price $669,900 1255-char remark

    Show marketing remark (1255 chars)

    PRICE IMPROVEMENT! Bring your vision! A peaceful oasis awaits you. Solid home on 225’ of beautiful water frontage along the Newport River. This home is ready for your personal cosmetic renovation touches so roll up your sleeves - a blank canvas is inside! Gorgeous views, tranquil surroundings & nestled on a dead-end street – you can’t go wrong with this one. Have a seat on the rocking chairs & breathe in the fresh air, listen to the water birds & feel rejuvenated. No HOA. A private boat ramp that is useable, although weathered. Open-concept living space. The second floor has tons of open space ready to be turned into whatever your heart’s desire – game room, yoga studio, home office, artist loft, etc. The half-wrap around porch makes it inviting to sit outside or visit with friends & family. Great open space under the home for parking & storage for all those water toys. A detached garage with workshop space, additional parking, water views, a half bath & living space above it. The pier was destroyed in a hurricane & needs to be rebuilt. Septic is permitted for a 2-bedroom home. Only 25 minutes to Morehead City & Atlantic Beach. Schedule your showing today!

19. 2026-03-15
    listed $700,000 Active

    Show marketing remark (1255 chars)

    PRICE IMPROVEMENT! Bring your vision! A peaceful oasis awaits you. Solid home on 225’ of beautiful water frontage along the Newport River. This home is ready for your personal cosmetic renovation touches so roll up your sleeves - a blank canvas is inside! Gorgeous views, tranquil surroundings & nestled on a dead-end street – you can’t go wrong with this one. Have a seat on the rocking chairs & breathe in the fresh air, listen to the water birds & feel rejuvenated. No HOA. A private boat ramp that is useable, although weathered. Open-concept living space. The second floor has tons of open space ready to be turned into whatever your heart’s desire – game room, yoga studio, home office, artist loft, etc. The half-wrap around porch makes it inviting to sit outside or visit with friends & family. Great open space under the home for parking & storage for all those water toys. A detached garage with workshop space, additional parking, water views, a half bath & living space above it. The pier was destroyed in a hurricane & needs to be rebuilt. Septic is permitted for a 2-bedroom home. Only 25 minutes to Morehead City & Atlantic Beach. Schedule your showing today!

20. 2026-03-15
    listed $700,000 Active 1255-char remark

    Show marketing remark (1255 chars)

    PRICE IMPROVEMENT! Bring your vision! A peaceful oasis awaits you. Solid home on 225’ of beautiful water frontage along the Newport River. This home is ready for your personal cosmetic renovation touches so roll up your sleeves - a blank canvas is inside! Gorgeous views, tranquil surroundings & nestled on a dead-end street – you can’t go wrong with this one. Have a seat on the rocking chairs & breathe in the fresh air, listen to the water birds & feel rejuvenated. No HOA. A private boat ramp that is useable, although weathered. Open-concept living space. The second floor has tons of open space ready to be turned into whatever your heart’s desire – game room, yoga studio, home office, artist loft, etc. The half-wrap around porch makes it inviting to sit outside or visit with friends & family. Great open space under the home for parking & storage for all those water toys. A detached garage with workshop space, additional parking, water views, a half bath & living space above it. The pier was destroyed in a hurricane & needs to be rebuilt. Septic is permitted for a 2-bedroom home. Only 25 minutes to Morehead City & Atlantic Beach. Schedule your showing today!

ⓘ 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: $2,639 · $220/mo
• Projected year-2 tax: $4,509 · $376/mo
• Expected delta: +$1,870/yr (+$156/mo · 70.9%)

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

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone VE · 99% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥103°F today · 21 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $150,747
• − Mortgage interest: −$30,803
• − Property taxes: −$2,639
• − Insurance: −$10,778
• − Repairs & maintenance: −$12,060
• − Management: −$12,060
• − Depreciation: −$15,997
• Taxable income: $66,410
• Est. tax owed @ 24.0%: −$15,939
• After-tax cash flow: $55,130/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: 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 — Morehead City

• Score: 63/100
• State rank: #412
• US rank: #15497

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Carteret County · 52,389 people
• City population: 22,197
• 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

-4.3% since first listed

4 events — show timeline

• 2026-04-21 Price Changed $669,900 Hive MLS
• 2026-04-21 Price Changed $669,900 OBMLS
• 2026-03-15 Listed $700,000 OBMLS
• 2026-03-15 Listed $700,000 Hive MLS

Property tax history

+7.0%/yr

Latest (2025): $2,639 · +64.9% YoY. Source: county tax records.