311 Snow Bell Ct · Richlands, NC 28574

$227,900

3 bd · 2.0 ba · 1,050 sqft · SingleFamily public records · 56 Days on market

Built 2009 0.35 ac lot Est $229k · at est. $13/mo HOA · 1% of rent

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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 +13.4/30.0
• ARV discount +7.7/15.0
• DSCR +4.0/10.0
• Schools +3.9/10.0
• Livability +3.5/5.0
• 1% rule +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 3 bedrooms and 2 bathrooms house has been recently renovated, with Fresh Paint, New Flooring and Kitchen Marble Countertops. House is literally in Move-In Ready Condition!

Key facts

• No city taxes
• Desirable location
• Updated kitchen

Tags

• CUL-DE-SAC
• FULLY FENCED BACKYARD
• UPDATED KITCHEN
• GRANITE COUNTERTOPS
• NO CITY TAXES
• DESIRABLE LOCATION

Property features AI

Finance

• HOA & community: Homeowners association with an annual fee of $150 (about $12.50/month)

Exterior

• Parking: Concrete parking; No garage
• Utilities: Connected to water; Septic tank sewer
• Home design: Single-family residence; One story; Entry level: 1
• Construction: Vinyl siding and frame construction; Slab foundation
• Exterior features: Wood fencing in the backyard; Shed(s) on the property; Shingle roof; Cul-de-sac lot; Has a view

Interior

• Kitchen: Electric oven; Range; Dishwasher
• Bedrooms: Total rooms: 5
• Flooring: Carpet
• Bathrooms: 2 full bathrooms
• Heating & cooling: Heat pump heating; Electric heating; Central air conditioning
• Interior features: Master suite on the main level; Ceiling fan(s)
• Laundry & utility: Laundry closet; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $228k.

Deal economics

• At list price, monthly cash flow is $5 ($56/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 $176k (23.0% below list).
• Recommended offer: $176k (23.0% below list) — sets the bar for 1% rule.
• Cap rate 6.3% vs local median 4.0% in Richlands — 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 69/100 on livability (#151 in NC) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment D, 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: Richlands Elementary (math 44% / reading 40%, grade F, #633 of 1,410 statewide, top 48%, 642 students, 52% FRL); Trexler Middle (math 37% / reading 46%, grade F, #206 of 475 statewide, top 44%, 825 students, 45% FRL); Richlands High (math 52% / reading 67%, grade C+, #216 of 535 statewide, top 43%, 960 students, 40% FRL).
• Market conditions: 200 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 1,246 units permitted in Onslow County in 2024 (0 in 5+ unit buildings).
• This rent runs 31% 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 56 days — a 3% lower offer ($221k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 11y 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

• Climate carrying-cost: severe wind risk, 91% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $175,588 (23.0% below list)

Questions for the listing agent

1. It's been on market 56 days. Have you received any prior offers? Is the seller open to a 23% concession, seller financing, or rate buy-down credit?
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. 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: 0.77% ✗
• Cap rate: 6.32%
• Cash-on-cash: 0.09%
• DSCR: 1.00
• GRM: 10.8

CMA / ARV

• ARV (on-the-fly): $228,900
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
174 Ashbury Park Ln	0.32mi	3/2.0	1,007 (-4%)	1mo	$190,000	$189	77
166 Ashbury Park Ln	0.26mi	3/2.0	1,098 (+5%)	6mo	$230,000	$209	76
235 Sweet Gum Ln	0.26mi	3/2.0	1,038 (-1%)	13mo	$226,000	$218	75
104 Lilac Ln	0.51mi	3/2.0	1,059 (+1%)	3mo	$240,000	$227	72
400 Alder Ct	0.28mi	3/2.0	1,025 (-2%)	14mo	$232,200	$227	72
103 Joshua Aaron Trl	0.59mi	3/2.0	1,056 (+1%)	6mo	$243,000	$230	66
600 Red Bud Ct	0.22mi	3/2.0	1,143 (+9%)	11mo	$208,000	$182	65
192 Ashbury Park Ln	0.40mi	3/2.0	1,029 (-2%)	18mo	$221,000	$215	63
100 Joshua Aaron Trl	0.62mi	3/2.0	1,103 (+5%)	3mo	$243,000	$220	61
106 Joshua Aaron Trl	0.58mi	2/2.0 (-1)	1,036 (-1%)	9mo	$232,500	$224	58
451 Luther Banks Rd	0.26mi	3/2.0	1,188 (+13%)	12mo	$198,900	$167	56
524 Luther Banks Rd	0.51mi	3/1.0	1,200 (+14%)	14mo	$65,000	$54	37

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: -16.2%
• Equity multiple: 0.42×
• Total profit: $-36,725
• Equity at exit: $33,981

10-year hold

• IRR: -8.0%
• Equity multiple: 0.50×
• Total profit: $-31,971
• Equity at exit: $19,705

Cash invested: $63,812 (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 28574

• Home prices YoY: -8.9%
• Active inventory: 200
• Price-to-rent: 10.8×

Monthly cashflow live

• Estimated rent: $1,756 medium
• Mortgage (P&I): −$1,195
• Tax from tax record: −$79 /mo · $953/yr
• Insurance: −$95
• HOA: −$13
• Vacancy / Maint / Mgmt: −$369
• Net cashflow: $5

Break-even live

Break-even rent $1,750

Max offer price $227,900

Occupancy floor 95%

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: $56,975
• Closing costs: $6,837
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
186 Christy Dr Beulaville, NC	3.0	2.0	1215	$1,900	$1.56	13d	1	1.30mi

HOA detail

• Monthly dues: $13 · $156/yr

Listing history 27 events

1. 2026-06-19
   days on market $227,900 Active 56 DOM
2. 2026-06-18
   days on market $227,900 Active 55 DOM
3. 2026-06-17
   days on market $227,900 Active 54 DOM
4. 2026-06-16
   days on market $227,900 Active 53 DOM
5. 2026-06-15
   days on market $227,900 Active 52 DOM
6. 2026-06-14
   days on market $227,900 Active 50 DOM
7. 2026-06-13
   status $227,900 Active 49 DOM
8. 2026-06-07
   statusdays on market $227,900 Pending 49 DOM
9. 2026-06-03
   days on market $227,900 Active 48 DOM
10. 2026-06-02
    days on market $227,900 Active 47 DOM
11. 2026-06-01
    days on market $227,900 Active 46 DOM
12. 2026-05-31
    days on market $227,900 Active 45 DOM
13. 2026-05-30
    days on market $227,900 Active 44 DOM
14. 2026-05-20
    price $227,900
15. 2026-04-30
    price $228,000
16. 2026-04-24
    price $229,000
17. 2026-04-16
    listed $230,000 Active
18. 2025-07-13
    historical $1,550
19. 2025-06-25
    listed $1,550
20. 2024-05-29
    soldstatus $200,059 Closed 176-char remark

    Show marketing remark (176 chars)

    This 3 bedrooms and 2 bathrooms house has been recently renovated, with Fresh Paint, New Flooring and Kitchen Marble Countertops. House is literally in Move-In Ready Condition!

21. 2024-05-29
    soldstatus $200,000

    Show marketing remark (176 chars)

    This 3 bedrooms and 2 bathrooms house has been recently renovated, with Fresh Paint, New Flooring and Kitchen Marble Countertops. House is literally in Move-In Ready Condition!

22. 2024-05-01
    status Pending 176-char remark

    Show marketing remark (176 chars)

    This 3 bedrooms and 2 bathrooms house has been recently renovated, with Fresh Paint, New Flooring and Kitchen Marble Countertops. House is literally in Move-In Ready Condition!

23. 2024-04-26
    listed $200,000 Active 176-char remark

    Show marketing remark (176 chars)

    This 3 bedrooms and 2 bathrooms house has been recently renovated, with Fresh Paint, New Flooring and Kitchen Marble Countertops. House is literally in Move-In Ready Condition!

24. 2023-12-28
    soldstatus $120,500
25. 2018-03-29
    soldstatus $100,000
26. 2016-03-14
    soldstatus $45,000 679-char remark

    Show marketing remark (679 chars)

    Affordable entry level home, very open layout with the living room, dining area and kitchen all open to each other. A bit of a kitchen bar has been created. Living room has a little bit of a vaulted ceiling. Down the hall are 3 bedrooms, they all have a bit of a walk in closet. 2 baths. Laundry closet in the house. At the end of the street so quieter for bike riding etc. Adorable little park in the neighborhood with equipment and picnic tables, part of you HOA yearly fees of $100 goes for insurance etc for the park. Home is just a few minutes out of Richlands and all schools are Richlands. Yard was never developed and needs some work. Carpet and Paint will need touchups.

27. 2015-07-30
    listed $56,272 679-char remark

    Show marketing remark (679 chars)

    Affordable entry level home, very open layout with the living room, dining area and kitchen all open to each other. A bit of a kitchen bar has been created. Living room has a little bit of a vaulted ceiling. Down the hall are 3 bedrooms, they all have a bit of a walk in closet. 2 baths. Laundry closet in the house. At the end of the street so quieter for bike riding etc. Adorable little park in the neighborhood with equipment and picnic tables, part of you HOA yearly fees of $100 goes for insurance etc for the park. Home is just a few minutes out of Richlands and all schools are Richlands. Yard was never developed and needs some work. Carpet and Paint will need touchups.

ⓘ 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: $953 · $79/mo
• Projected year-2 tax: $1,869 · $156/mo
• Expected delta: +$916/yr (+$76/mo · 96.1%)

ⓘ 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 6/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 18 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 91% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,071
• − Mortgage interest: −$12,766
• − Property taxes: −$953
• − Insurance: −$1,140
• − Repairs & maintenance: −$1,686
• − Management: −$1,686
• − HOA: −$156
• − Depreciation: −$6,630
• Taxable loss: −$3,945
• Est. tax savings @ 24.0%: +$947
• After-tax cash flow: $1,003/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 — Richlands

• Score: 69/100
• State rank: #151
• US rank: #8426

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Onslow County · 164,453 people
• City population: 20,990
• Metro: Jacksonville, NC
• Population (ZIP): 20,990
• Household income: $67,416
• Rent vs Own: 18.3% rent · 81.7% own
• Severe rent burden: 287.0

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 (74%)
• Race & ethnicity: White 74% Two or more races 13% Hispanic / Latino 8% Black 7%
• Hispanic origin (detail): Mexican 4% Puerto Rican 2%
• Common ancestry: Slovak 3% Romanian 2% Lithuanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 92% English-only · Spanish 6%

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: ▼ -21.07%
• Current HPI: 215.4574
• Rent YoY: —
• 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

+305.0% since first listed

14 events — show timeline

• 2026-05-20 Price Changed $227,900 Hive MLS
• 2026-04-30 Price Changed $228,000 Hive MLS
• 2026-04-24 Price Changed $229,000 Hive MLS
• 2026-04-16 Listed $230,000 Hive MLS
• 2025-07-13 Rental Removed $1,550 BUILDIUM
• 2025-06-25 Listed for Rent $1,550 BUILDIUM
• 2024-05-29 Sold (Public Records) $200,000 Public Records
• 2024-05-29 Sold (MLS) $200,059 Hive MLS
• 2024-05-01 Pending — Hive MLS
• 2024-04-26 Listed $200,000 Hive MLS
• 2023-12-28 Sold (Public Records) $120,500 Public Records
• 2018-03-29 Sold (Public Records) $100,000 Public Records
• 2016-03-14 Sold (MLS) $45,000 Hive MLS
• 2015-07-30 Listed $56,272 Hive MLS

Property tax history

+2.5%/yr

Latest (2025): $953 · +0.0% YoY. Source: county tax records.