158 Ashbury Park Ln · Richlands, NC 28574

$239,000

3 bd · 2.0 ba · 1,435 sqft · SingleFamily public records · 33 Days on market

Built 2010 0.48 ac lot Est $271k · 12% under $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).

• ARV discount +12.8/15.0
• Cash flow +11.7/30.0
• Schools +3.9/10.0
• Livability +3.5/5.0
• DSCR +3.4/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to Ashbury Park!! This 4 bedroom, 2 bath home is newly renovated. Fresh paint and new LVP run through the main living spaces and both bathrooms with beautiful new carpet in the 4 spacious bedrooms. New shingled roof was also installed in 2022. Just 5 mins from the growing town of Richlands, 20-30 mins from Jacksonville and area bases, and 45 mins to local beaches this house is sure to go fast so schedule your showing today!! Seller and agent are related. * * * $5000 use as buyer chooses * * * AND * * * $5000 fence allowance * * *

Key facts

• New carpet
• Newer roof
• Huge back yard

Tags

• NEWER ROOF
• NEW CARPET
• HUGE BACK YARD
• QUIET NEIGHBORHOOD

Property features AI

Finance

• HOA & community: Homeowners association with annual fee of $150; Community amenities: dog park, maintained grounds, playground

Exterior

• Parking: Attached garage (1 car); Paved parking
• Security: Smoke detector(s)
• Utilities: Public water; Septic tank sewer; Water available
• Home design: Single-family residence; One story; Entry level: 1
• Construction: Vinyl siding and frame construction; Shingle roof; Slab foundation; Built on one level
• Exterior features: Patio; Front porch; Level lot; Has a view; Accessible entrance; Safe emergency egress; Walker-accessible stairs

Interior

• Kitchen: Electric oven; Electric cooktop; Dishwasher; Microwave
• Bedrooms: Master bedroom located downstairs
• Flooring: Carpet
• Bathrooms: 2 full bathrooms
• Heating & cooling: Heat pump heating (electric); Central air conditioning
• Interior features: Master suite on the main level; Walk-in closet(s); High ceilings; Ceiling fan(s); Window coverings
• Laundry & utility: Washer hookup; Separate laundry room; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $239k.

Deal economics

• At list price, monthly cash flow is $-70 ($-834/yr) — negative.
• To cash-flow at today's rent, offer at most $227k (5.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $176k (26.2% below list).
• Recommended offer: $176k (26.2% below list) — sets the bar for 1% rule.
• Cap rate 5.9% 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: 204 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 33 days — a 3% lower offer ($232k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 13y 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 $176,445 (26.2% 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 33 days. Have you received any prior offers? Is the seller open to a 26% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 0.74% ✗
• Cap rate: 5.94%
• Cash-on-cash: -1.25%
• DSCR: 0.94
• GRM: 11.3

CMA / ARV

• ARV (on-the-fly): $271,215
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
523 Cherry Blossom Ln	0.06mi	3/2.0	1,435 (0%)	11mo	$250,000	$174	88
525 Cherry Blossom Ln	0.05mi	3/2.0	1,485 (+4%)	10mo	$253,000	$170	84
308 Snow Bell Ct	0.13mi	4/2.0 (+1)	1,447 (+1%)	8mo	$259,900	$180	81
239 Sweet Gum Ln	0.27mi	3/2.0	1,335 (-7%)	4mo	$252,000	$189	73
256 Sweet Gum Ln	0.40mi	3/2.0	1,455 (+1%)	9mo	$265,000	$182	71
516 Cherry Blossom Ln	0.11mi	3/2.0	1,298 (-10%)	9mo	$245,000	$189	71
149 Ashbury Park Ln	0.08mi	3/2.0	1,278 (-11%)	9mo	$250,000	$196	70
105 Lilac Ln	0.34mi	3/2.0	1,289 (-10%)	4mo	$255,000	$198	64
107 Lilac Ln	0.35mi	3/2.0	1,320 (-8%)	11mo	$252,500	$191	61
263 Sweet Gum Ln	0.40mi	3/2.0	1,573 (+10%)	5mo	$254,800	$162	61
242 Sweet Gum Ln	0.32mi	3/2.0	1,279 (-11%)	8mo	$260,000	$203	60
102 Lilac Ln	0.39mi	3/2.0	1,289 (-10%)	9mo	$247,500	$192	57

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: -18.4%
• Equity multiple: 0.35×
• Total profit: $-43,245
• Equity at exit: $35,636

10-year hold

• IRR: -10.8%
• Equity multiple: 0.35×
• Total profit: $-43,719
• Equity at exit: $20,664

Cash invested: $66,920 (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: 204
• Price-to-rent: 11.3×

Monthly cashflow live

• Estimated rent: $1,764 medium
• Mortgage (P&I): −$1,253
• Tax from tax record: −$98 /mo · $1,170/yr
• Insurance: −$100
• HOA: −$13
• Vacancy / Maint / Mgmt: −$371
• Net cashflow: $-70

Break-even live

Break-even rent $1,852

Max offer price $226,720

Occupancy floor 99%

Sensitivity live

Price	-10% $66	-5% $-2	+0% $-70	+5% $-137	+10% $-205
Rent	-10% $-209	-5% $-139	+0% $-70	+5% $0	+10% $70
Rate	-1.0pp $51	-0.5pp $-9	base $-70	+0.5pp $-131	+1.0pp $-194

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: $59,750
• Closing costs: $7,170
• 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	15d	1	1.15mi

HOA detail

• Monthly dues: $13 · $156/yr

Listing history 24 events

1. 2026-06-21
   days on market $239,000 Active 33 DOM
2. 2026-06-19
   days on market $239,000 Active 31 DOM
3. 2026-06-18
   days on market $239,000 Active 30 DOM
4. 2026-06-17
   days on market $239,000 Active 29 DOM
5. 2026-06-16
   days on market $239,000 Active 28 DOM
6. 2026-06-15
   days on market $239,000 Active 27 DOM
7. 2026-06-14
   days on market $239,000 Active 25 DOM
8. 2026-06-13
   days on market $239,000 Active 24 DOM
9. 2026-06-10
   days on market $239,000 Active 22 DOM
10. 2026-06-09
    days on market $239,000 Active 21 DOM
11. 2026-06-09
    days on market $239,000 Active 20 DOM
12. 2026-06-07
    days on market $239,000 Active 19 DOM
13. 2026-06-03
    days on market $239,000 Active 15 DOM
14. 2026-06-02
    days on market $239,000 Active 14 DOM
15. 2026-06-01
    days on market $239,000 Active 13 DOM
16. 2026-05-31
    days on market $239,000 Active 12 DOM
17. 2026-05-30
    days on market $239,000 Active 11 DOM
18. 2026-05-19
    listed $239,000 Active
19. 2023-04-26
    soldstatus $221,000 Closed 554-char remark

    Show marketing remark (554 chars)

    Welcome to Ashbury Park!! This 4 bedroom, 2 bath home is newly renovated. Fresh paint and new LVP run through the main living spaces and both bathrooms with beautiful new carpet in the 4 spacious bedrooms. New shingled roof was also installed in 2022. Just 5 mins from the growing town of Richlands, 20-30 mins from Jacksonville and area bases, and 45 mins to local beaches this house is sure to go fast so schedule your showing today!! Seller and agent are related. * * * $5000 use as buyer chooses * * * AND * * * $5000 fence allowance * * *

20. 2023-04-26
    soldstatus $221,000

    Show marketing remark (554 chars)

    Welcome to Ashbury Park!! This 4 bedroom, 2 bath home is newly renovated. Fresh paint and new LVP run through the main living spaces and both bathrooms with beautiful new carpet in the 4 spacious bedrooms. New shingled roof was also installed in 2022. Just 5 mins from the growing town of Richlands, 20-30 mins from Jacksonville and area bases, and 45 mins to local beaches this house is sure to go fast so schedule your showing today!! Seller and agent are related. * * * $5000 use as buyer chooses * * * AND * * * $5000 fence allowance * * *

21. 2023-03-27
    status Pending 554-char remark

    Show marketing remark (554 chars)

    Welcome to Ashbury Park!! This 4 bedroom, 2 bath home is newly renovated. Fresh paint and new LVP run through the main living spaces and both bathrooms with beautiful new carpet in the 4 spacious bedrooms. New shingled roof was also installed in 2022. Just 5 mins from the growing town of Richlands, 20-30 mins from Jacksonville and area bases, and 45 mins to local beaches this house is sure to go fast so schedule your showing today!! Seller and agent are related. * * * $5000 use as buyer chooses * * * AND * * * $5000 fence allowance * * *

22. 2023-03-23
    listed $225,000 Active 554-char remark

    Show marketing remark (554 chars)

    Welcome to Ashbury Park!! This 4 bedroom, 2 bath home is newly renovated. Fresh paint and new LVP run through the main living spaces and both bathrooms with beautiful new carpet in the 4 spacious bedrooms. New shingled roof was also installed in 2022. Just 5 mins from the growing town of Richlands, 20-30 mins from Jacksonville and area bases, and 45 mins to local beaches this house is sure to go fast so schedule your showing today!! Seller and agent are related. * * * $5000 use as buyer chooses * * * AND * * * $5000 fence allowance * * *

23. 2014-02-12
    soldstatus $98,000 306-char remark

    Show marketing remark (306 chars)

    NEARLY NEW AND PRICED TO SELL! 4BR 2BA with bonus room, open floorplan, perfect for growing families, located in Richlands area! The best value in the neighborhood, this home is located a short drive to bypass, MCAS New River and Camp Lejeune. $99,000. Sold ''''as is''''. Prequal required with all offers.

24. 2013-09-23
    listed $99,000 306-char remark

    Show marketing remark (306 chars)

    NEARLY NEW AND PRICED TO SELL! 4BR 2BA with bonus room, open floorplan, perfect for growing families, located in Richlands area! The best value in the neighborhood, this home is located a short drive to bypass, MCAS New River and Camp Lejeune. $99,000. Sold ''''as is''''. Prequal required with all offers.

ⓘ 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: $1,170 · $98/mo
• Projected year-2 tax: $1,960 · $163/mo
• Expected delta: +$790/yr (+$66/mo · 67.5%)

ⓘ 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: $21,173
• − Mortgage interest: −$13,388
• − Property taxes: −$1,170
• − Insurance: −$1,195
• − Repairs & maintenance: −$1,694
• − Management: −$1,694
• − HOA: −$156
• − Depreciation: −$6,953
• Taxable loss: −$5,076
• Est. tax savings @ 24.0%: +$1,218
• After-tax cash flow: $384/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

+141.4% since first listed

7 events — show timeline

• 2026-05-19 Listed $239,000 Hive MLS
• 2023-04-26 Sold (Public Records) $221,000 Public Records
• 2023-04-26 Sold (MLS) $221,000 Hive MLS
• 2023-03-27 Pending — Hive MLS
• 2023-03-23 Listed $225,000 Hive MLS
• 2014-02-12 Sold (MLS) $98,000 Hive MLS
• 2013-09-23 Listed $99,000 Hive MLS

Property tax history

+3.0%/yr

Latest (2025): $1,170 · +0.0% YoY. Source: county tax records.