1941 Rolling Ridge Dr · Piney Green, NC 28544

$150,000

2 bd · 2.0 ba · 922 sqft · Townhouse public records · 35 Days on market

Built 1984 5,227 sqft lot Est $157k · at est.

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Why this score? — see what drove the C 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 +19.0/30.0
• ARV discount +9.4/15.0
• Appreciation +9.1/10.0
• DSCR +6.0/10.0
• 1% rule +3.9/10.0
• Schools +3.9/10.0
• Livability +3.0/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Newly renovated 2 bedroom home conveniently located to Camp Lejeune, shopping and restaurants. Everything you could be looking for in a duplex is found here. Home has new vinyl siding and windows. Entire home was freshly painted and has beautiful new wood laminate flooring and carpet. Kitchen, entry and bathrooms have ceramic tile. Kitchen was also updated to include new counter tops and stainless steel appliances. The living room is open with vaulted ceilings, a fireplace & patio door leading to a private (much larger than average) fenced in back yard with a storage area. The master bedroom has a walk in closet and a laundry closet conveniently located in the bathroom. Home also has new lighting, ceiling fans, hardware and fixtures throughout. HVAC was also serviced

Key facts

• Functional layout
• Garage
• Built 1984

Tags

• STRONG RENTAL HISTORY
• FUNCTIONAL LAYOUT
• AMPLE CABINET STORAGE
• GENEROUS CLOSET SPACE
• CLOSE ACCESS TO SCHOOLS
• MINUTES FROM CAMP LEJEUNE

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath townhouse listed at $150k.

Deal economics

• At list price, monthly cash flow is $158 ($2k/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 $133k (11.2% below list).
• Recommended offer: $133k (11.2% below list) — sets the bar for 1% rule.
• Cap rate 7.6% vs local median 3.6% in Piney Green — 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 60/100 on livability (#524 in NC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime D+, employment D+, 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: Hunters Creek Elementary (math 27% / reading 35%, grade F, #954 of 1,410 statewide, top 68%, 653 students, 67% FRL); Hunters Creek Middle (math 32% / reading 44%, grade F, #251 of 475 statewide, top 54%, 922 students, 55% FRL); White Oak High (math 57% / reading 54%, grade C, #265 of 535 statewide, top 50%, 1,207 students, 49% FRL) — zoned schools average 57% FRL vs 37% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.4%/yr); 31 active listings in the ZIP; 8 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 31% of the median local income ($52k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $13k of equity ($1k loan paydown + $12k appreciation (8.2% local appreciation)).
• At projected returns (8.2% appreciation + 1.4% rent growth), your $42k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 35 days — a 3% lower offer ($146k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 9y 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.
• Current owner paid $58k; list at $150k implies a 159% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 98% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $133,166 (11.2% below list)

Questions for the listing agent

1. It's been on market 35 days. Have you received any prior offers? Is the seller open to a 11% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. 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?
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: 0.89% ✗
• Cap rate: 7.56%
• Cash-on-cash: 4.51%
• DSCR: 1.20
• GRM: 9.4

CMA / ARV

• ARV (on-the-fly): $156,740
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1940 Heather Loop Loop	0.03mi	2/2.0	941 (+2%)	5mo	$155,000	$165	91
1947 Rolling Ridge Dr	0.02mi	2/2.0	940 (+2%)	8mo	$157,500	$168	89
1928 Greenstone Ct	0.07mi	2/2.0	941 (+2%)	7mo	$161,000	$171	88
2507 Willow Crest Ct	0.17mi	2/2.0	945 (+2%)	3mo	$147,500	$156	86
1514 Tramway Ct	0.11mi	2/2.0	940 (+2%)	9mo	$150,000	$160	84
2500 Willow Crest Ct	0.14mi	2/2.0	944 (+2%)	7mo	$159,900	$169	84
2713 Brookfield Dr	0.19mi	2/2.0	947 (+3%)	4mo	$132,000	$139	83
2133 Rolling Ridge Dr	0.21mi	2/2.0	941 (+2%)	6mo	$160,000	$170	82
106 Glenside Ct	0.18mi	2/2.0	877 (-5%)	2mo	$149,900	$171	82
114 Live Oak Ct	0.28mi	2/2.0	877 (-5%)	1mo	$160,000	$182	78
111 Glenside Ct	0.17mi	2/2.0	877 (-5%)	9mo	$160,000	$182	76
207 Live Oak Ct	0.36mi	2/2.0	894 (-3%)	8mo	$159,900	$179	72

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

8.15% appreciation · 1.43% rent growth · sell at horizon

5-year hold

• IRR: 23.2%
• Equity multiple: 2.69×
• Total profit: $71,110
• Equity at exit: $115,456

10-year hold

• IRR: 20.6%
• Equity multiple: 5.64×
• Total profit: $194,748
• Equity at exit: $230,620

Cash invested: $42,000 (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 28544

• Home prices YoY: 4.2%
• Rents YoY: 1.4%
• Active inventory: 31
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $1,332 high
• Mortgage (P&I): −$787
• Tax from tax record: −$45 /mo · $541/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$280
• Net cashflow: $158

Break-even live

Break-even rent $1,132

Max offer price $150,000

Occupancy floor 83%

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2910 Norbrick St Midway Park, NC	3.0	2.0	1011	$1,500	$1.48	20d	1	0.27mi
1000 Yorktown Ln Jacksonville, NC	1.0	1.0	936	$1,300	$1.39	20d	1	0.78mi
2033 Brandymill Ln Jacksonville, NC	2.0	2.5	992	$1,300	$1.31	20d	1	0.81mi
1110 Pueblo Dr Jacksonville, NC	2.0	2.5	992	$1,250	$1.26	20d	1	0.84mi
981 W Pueblo Dr Jacksonville, NC	2.0	2.0	882	$1,250	$1.42	20d	1	0.88mi
977 W Pueblo Dr Jacksonville, NC	2.0	2.5	992	$1,195	$1.20	20d	1	0.88mi
209 Mesa Ln Jacksonville, NC	2.0	2.5	992	$1,350	$1.36	20d	1	0.99mi
134 Littleton St Midway Park, NC	2.0	1.0	840	$950	$1.13	13d	1	1.18mi

Listing history 20 events

1. 2026-06-19
   days on market $150,000 Active 35 DOM
2. 2026-06-18
   days on market $150,000 Active 34 DOM
3. 2026-06-17
   days on market $150,000 Active 33 DOM
4. 2026-06-16
   days on market $150,000 Active 32 DOM
5. 2026-06-15
   days on market $150,000 Active 31 DOM
6. 2026-06-14
   days on market $150,000 Active 29 DOM
7. 2026-06-13
   days on market $150,000 Active 28 DOM
8. 2026-06-10
   days on market $150,000 Active 26 DOM
9. 2026-06-09
   days on market $150,000 Active 25 DOM
10. 2026-06-09
    days on market $150,000 Active 24 DOM
11. 2026-06-07
    days on market $150,000 Active 23 DOM
12. 2026-06-03
    statusdays on market $150,000 Active 19 DOM
13. 2026-04-24
    status Pending
14. 2026-04-07
    listed $150,000 Active
15. 2018-04-06
    soldstatus $58,000
16. 2018-04-05
    soldstatus $57,900 783-char remark

    Show marketing remark (783 chars)

    Newly renovated 2 bedroom home conveniently located to Camp Lejeune, shopping and restaurants. Everything you could be looking for in a duplex is found here. Home has new vinyl siding and windows. Entire home was freshly painted and has beautiful new wood laminate flooring and carpet. Kitchen, entry and bathrooms have ceramic tile. Kitchen was also updated to include new counter tops and stainless steel appliances. The living room is open with vaulted ceilings, a fireplace & patio door leading to a private (much larger than average) fenced in back yard with a storage area. The master bedroom has a walk in closet and a laundry closet conveniently located in the bathroom. Home also has new lighting, ceiling fans, hardware and fixtures throughout. HVAC was also serviced

17. 2018-03-03
    listed $57,900 783-char remark

    Show marketing remark (783 chars)

    Newly renovated 2 bedroom home conveniently located to Camp Lejeune, shopping and restaurants. Everything you could be looking for in a duplex is found here. Home has new vinyl siding and windows. Entire home was freshly painted and has beautiful new wood laminate flooring and carpet. Kitchen, entry and bathrooms have ceramic tile. Kitchen was also updated to include new counter tops and stainless steel appliances. The living room is open with vaulted ceilings, a fireplace & patio door leading to a private (much larger than average) fenced in back yard with a storage area. The master bedroom has a walk in closet and a laundry closet conveniently located in the bathroom. Home also has new lighting, ceiling fans, hardware and fixtures throughout. HVAC was also serviced

18. 2017-06-09
    soldstatus $28,000 256-char remark

    Show marketing remark (256 chars)

    MIDWAY PARK 2BR duplex would make a great investment. Located close to Camp Lejeune and shopping. This one has a huge living room with fireplace and fenced yard. Don't miss it. .. .. .. $31,000. Sold ''as is''. Proof of funds required with all cash offers.

19. 2017-04-13
    listed $31,000 256-char remark

    Show marketing remark (256 chars)

    MIDWAY PARK 2BR duplex would make a great investment. Located close to Camp Lejeune and shopping. This one has a huge living room with fireplace and fenced yard. Don't miss it. .. .. .. $31,000. Sold ''as is''. Proof of funds required with all cash offers.

20. 2007-04-27
    soldstatus $71,000

ⓘ 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: $541 · $45/mo
• Projected year-2 tax: $1,230 · $102/mo
• Expected delta: +$689/yr (+$57/mo · 127.3%)

ⓘ 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 ≥106°F today · 19 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 98% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,980
• − Mortgage interest: −$8,402
• − Property taxes: −$541
• − Insurance: −$750
• − Repairs & maintenance: −$1,278
• − Management: −$1,278
• − Depreciation: −$4,364
• Taxable loss: −$634
• Est. tax savings @ 24.0%: +$152
• After-tax cash flow: $2,046/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 — Piney Green

• Score: 60/100
• State rank: #524
• US rank: #19401

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Piney Green, NC
• County: Onslow County · 164,453 people
• Metro: Jacksonville, NC
• Population (ZIP): 4,386
• Household income: $52,354
• Rent vs Own: 65.4% rent · 34.6% own
• Severe rent burden: 291.0

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: Highly diverse neighborhood (Simpson 0.73)
• Race & ethnicity: White 44% Two or more races 20% Black 20% Hispanic / Latino 20%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Serbian 3% Romanian 3% Scandinavian 2%
• Foreign-born: 5% · Canada, China
• Languages at home: 87% English-only · Spanish 11% 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: ▲ 8.15%
• Current HPI: 203.4839
• Rent YoY: ▲ 1.43%
• 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

+111.3% since first listed

8 events — show timeline

• 2026-04-24 Pending — Hive MLS
• 2026-04-07 Listed $150,000 Hive MLS
• 2018-04-06 Sold (Public Records) $58,000 Public Records
• 2018-04-05 Sold (MLS) $57,900 Hive MLS
• 2018-03-03 Listed $57,900 Hive MLS
• 2017-06-09 Sold (MLS) $28,000 Hive MLS
• 2017-04-13 Listed $31,000 Hive MLS
• 2007-04-27 Sold (Public Records) $71,000 Public Records

Property tax history

+1.4%/yr

Latest (2025): $541 · +0.0% YoY. Source: county tax records.