115 Kitt Dr · Jacksonville, NC 28540

$177,500

3 bd · 1.0 ba · 1,015 sqft · SingleFamily public records · 55 Days on market

Built 1962 9,583 sqft lot Est $192k · 7% under

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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 +14.6/30.0
• ARV discount +10.9/15.0
• DSCR +4.4/10.0
• Schools +3.9/10.0
• Rent growth +3.6/5.0
• Livability +3.6/5.0
• 1% rule +3.1/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

WELCOME to 115 Kitt Drive!! This 3 bedroom, 1 bath home has been beautifully renovated top to bottom! Located in the heart of Jacksonville and minutes from base, shops, schools and stores! If you are looking for your dream home, look no further! Brand new kitchen with new cabinets, countertops, and brand new appliances! Brand new flooring throughout! Fresh paint throughout the entire home! New Roof and New HVAC unit! Come see this amazing transformation and make this dream home your reality! Schedule your private showing today!

Key facts

• Lvp flooring
• Breakfast area
• 9,583 sq ft lot

Tags

• STAINLESS STEEL APPLIANCES
• BREAKFAST AREA
• LVP FLOORING
• MINUTES TO CAMP LEJEUNE
• SHOPPING AND RESTAURANTS

Property features AI

Finance

• Other: Lot dimensions approximately 83 x 119 x 81 x 118; Lot about 0.22 acres; Zoning: R

Exterior

• Parking: On-site parking
• Utilities: Public water; Sewer available; Water available
• Home design: Single family residence; One story; Entry level: 1
• Construction: Brick veneer and frame construction
• Exterior features: Shingle/composition roof; No patio or porch; No fencing; Has a view; Shed on the property; Paved road access

Interior

• Kitchen: Refrigerator; Range; Dishwasher; Microwave; Electric water heater
• Bedrooms: Master downstairs
• Flooring: Carpet; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Heat pump heating; Electric heating; Central air conditioning
• Interior features: Master suite is on the ground floor; Ceiling fans; Window coverings; Crawl space basement
• Laundry & utility: Washer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $178k.

Deal economics

• At list price, monthly cash flow is $41 ($490/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 $144k (18.7% below list).
• Recommended offer: $144k (18.7% below list) — sets the bar for 1% rule.
• Cap rate 6.6% vs local median 4.4% in Jacksonville — 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 71/100 on livability (#111 in NC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment D, crime F, 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: Bell Fork Elementary (math 47% / reading 37%, grade F, #633 of 1,410 statewide, top 48%, 553 students, 71% FRL); Northwoods Park Middle (math 34% / reading 46%, grade F, #222 of 475 statewide, top 49%, 688 students, 52% FRL); Jacksonville High (math 52% / reading 66%, grade C+, #233 of 535 statewide, top 44%, 1,423 students, 44% FRL) — zoned schools average 56% FRL vs 37% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+4.5%/yr); 386 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 1,246 units permitted in Onslow County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 55 days — a 3% lower offer ($172k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y 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, 99% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $144,285 (18.7% below list)

Questions for the listing agent

1. It's been on market 55 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
2. Built in 1962 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Crime grade is F 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. 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: 0.81% ✗
• Cap rate: 6.57%
• Cash-on-cash: 0.99%
• DSCR: 1.04
• GRM: 10.3

CMA / ARV

• ARV (on-the-fly): $191,835
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
113 King St	0.12mi	3/1.0	1,012 (-0%)	5mo	$191,000	$189	90
110 Cole Dr	0.10mi	3/2.0	1,016 (+0%)	5mo	$200,000	$197	87
1800 Hargett St	0.25mi	3/1.5	1,015 (0%)	3mo	$211,000	$208	84
101 Cole Dr	0.18mi	3/1.0	1,074 (+6%)	1mo	$195,000	$182	82
527 New River Dr	0.36mi	3/1.5	1,012 (-0%)	2mo	$195,000	$193	79
127 Bryan Pl	0.49mi	3/1.0	1,032 (+2%)	1mo	$100,000	$97	74
613 New River Dr	0.34mi	3/2.0	973 (-4%)	6mo	$193,000	$198	68
113 Bryan St	0.57mi	3/1.0	1,000 (-2%)	6mo	$185,000	$185	66
108 Robin Rd	0.45mi	2/1.5 (-1)	920 (-9%)	2mo	$113,600	$123	55
510 Nelson Dr	0.53mi	3/1.0	1,138 (+12%)	4mo	$150,000	$132	52
515 New River Dr	0.43mi	2/1.0 (-1)	884 (-13%)	5mo	$190,000	$215	49
204 Fifth Ave	0.75mi	2/2.0 (-1)	1,164 (+15%)	1mo	$219,000	$188	31

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 · 4.47% rent growth · sell at horizon

5-year hold

• IRR: -13.3%
• Equity multiple: 0.52×
• Total profit: $-24,056
• Equity at exit: $26,466

10-year hold

• IRR: -2.4%
• Equity multiple: 0.83×
• Total profit: $-8,676
• Equity at exit: $15,347

Cash invested: $49,700 (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 28540

• Home prices YoY: -21.5%
• Rents YoY: 4.5%
• Active inventory: 386
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $1,443 high
• Mortgage (P&I): −$931
• Tax from tax record: −$94 /mo · $1,131/yr
• Insurance: −$74
• HOA: −$0
• Vacancy / Maint / Mgmt: −$303
• Net cashflow: $41

Break-even live

Break-even rent $1,391

Max offer price $177,500

Occupancy floor 92%

Sensitivity live

Price	-10% $141	-5% $91	+0% $41	+5% $-9	+10% $-60
Rent	-10% $-73	-5% $-16	+0% $41	+5% $98	+10% $155
Rate	-1.0pp $130	-0.5pp $86	base $41	+0.5pp $-5	+1.0pp $-52

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: $44,375
• Closing costs: $5,325
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
337 Starling St Jacksonville, NC	2.0	1.0	820	$1,100	$1.34	23d	1	0.73mi
129 Sanders St Jacksonville, NC	3.0	2.0	1198	$1,450	$1.21	23d	1	0.93mi
113 N Shore Dr Jacksonville, NC	3.0	1.0	1126	$1,395	$1.24	23d	1	1.17mi
215 Valencia Dr Jacksonville, NC	1.0–2.0	1.0–2.0	842	$1,285	$1.53	23d	1	1.18mi
16 White Oak St Jacksonville, NC	3.0	2.0	1150	$1,650	$1.43	23d	1	1.24mi
190 Valencia Dr Unit 110A Jacksonville, NC	2.0	2.0	1130	$1,425	$1.26	23d	1	1.30mi
320 Myrtlewood Cir Jacksonville, NC	3.0	1.5	1160	$1,300	$1.12	23d	1	1.35mi

Listing history 26 events

1. 2026-06-21
   days on market $177,500 Active 55 DOM
2. 2026-06-19
   days on market $177,500 Active 53 DOM
3. 2026-06-18
   days on market $177,500 Active 52 DOM
4. 2026-06-17
   days on market $177,500 Active 51 DOM
5. 2026-06-16
   days on market $177,500 Active 50 DOM
6. 2026-06-15
   days on market $177,500 Active 49 DOM
7. 2026-06-14
   days on market $177,500 Active 47 DOM
8. 2026-06-13
   days on market $177,500 Active 46 DOM
9. 2026-06-10
   days on market $177,500 Active 44 DOM
10. 2026-06-09
    days on market $177,500 Active 43 DOM
11. 2026-06-09
    days on market $177,500 Active 42 DOM
12. 2026-06-07
    days on market $177,500 Active 41 DOM
13. 2026-06-03
    days on market $177,500 Active 37 DOM
14. 2026-06-02
    days on market $177,500 Active 36 DOM
15. 2026-06-01
    days on market $177,500 Active 35 DOM
16. 2026-05-31
    days on market $177,500 Active 34 DOM
17. 2026-05-30
    days on market $177,500 Active 33 DOM
18. 2026-04-27
    listed $177,500 Active
19. 2023-12-06
    soldstatus $175,000 Closed 533-char remark

    Show marketing remark (533 chars)

    WELCOME to 115 Kitt Drive!! This 3 bedroom, 1 bath home has been beautifully renovated top to bottom! Located in the heart of Jacksonville and minutes from base, shops, schools and stores! If you are looking for your dream home, look no further! Brand new kitchen with new cabinets, countertops, and brand new appliances! Brand new flooring throughout! Fresh paint throughout the entire home! New Roof and New HVAC unit! Come see this amazing transformation and make this dream home your reality! Schedule your private showing today!

20. 2023-12-06
    soldstatus $150,000

    Show marketing remark (533 chars)

    WELCOME to 115 Kitt Drive!! This 3 bedroom, 1 bath home has been beautifully renovated top to bottom! Located in the heart of Jacksonville and minutes from base, shops, schools and stores! If you are looking for your dream home, look no further! Brand new kitchen with new cabinets, countertops, and brand new appliances! Brand new flooring throughout! Fresh paint throughout the entire home! New Roof and New HVAC unit! Come see this amazing transformation and make this dream home your reality! Schedule your private showing today!

21. 2023-11-02
    status Pending 533-char remark

    Show marketing remark (533 chars)

    WELCOME to 115 Kitt Drive!! This 3 bedroom, 1 bath home has been beautifully renovated top to bottom! Located in the heart of Jacksonville and minutes from base, shops, schools and stores! If you are looking for your dream home, look no further! Brand new kitchen with new cabinets, countertops, and brand new appliances! Brand new flooring throughout! Fresh paint throughout the entire home! New Roof and New HVAC unit! Come see this amazing transformation and make this dream home your reality! Schedule your private showing today!

22. 2023-10-18
    price $174,900 533-char remark

    Show marketing remark (533 chars)

    WELCOME to 115 Kitt Drive!! This 3 bedroom, 1 bath home has been beautifully renovated top to bottom! Located in the heart of Jacksonville and minutes from base, shops, schools and stores! If you are looking for your dream home, look no further! Brand new kitchen with new cabinets, countertops, and brand new appliances! Brand new flooring throughout! Fresh paint throughout the entire home! New Roof and New HVAC unit! Come see this amazing transformation and make this dream home your reality! Schedule your private showing today!

23. 2023-10-06
    status Active 533-char remark

    Show marketing remark (533 chars)

    WELCOME to 115 Kitt Drive!! This 3 bedroom, 1 bath home has been beautifully renovated top to bottom! Located in the heart of Jacksonville and minutes from base, shops, schools and stores! If you are looking for your dream home, look no further! Brand new kitchen with new cabinets, countertops, and brand new appliances! Brand new flooring throughout! Fresh paint throughout the entire home! New Roof and New HVAC unit! Come see this amazing transformation and make this dream home your reality! Schedule your private showing today!

24. 2023-09-20
    status Pending 533-char remark

    Show marketing remark (533 chars)

    WELCOME to 115 Kitt Drive!! This 3 bedroom, 1 bath home has been beautifully renovated top to bottom! Located in the heart of Jacksonville and minutes from base, shops, schools and stores! If you are looking for your dream home, look no further! Brand new kitchen with new cabinets, countertops, and brand new appliances! Brand new flooring throughout! Fresh paint throughout the entire home! New Roof and New HVAC unit! Come see this amazing transformation and make this dream home your reality! Schedule your private showing today!

25. 2023-09-16
    listed $180,000 Active 533-char remark

    Show marketing remark (533 chars)

    WELCOME to 115 Kitt Drive!! This 3 bedroom, 1 bath home has been beautifully renovated top to bottom! Located in the heart of Jacksonville and minutes from base, shops, schools and stores! If you are looking for your dream home, look no further! Brand new kitchen with new cabinets, countertops, and brand new appliances! Brand new flooring throughout! Fresh paint throughout the entire home! New Roof and New HVAC unit! Come see this amazing transformation and make this dream home your reality! Schedule your private showing today!

26. 1979-07-24
    soldstatus $25,000

ⓘ 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: $1,131 · $94/mo
• Projected year-2 tax: $1,456 · $121/mo
• Expected delta: +$324/yr (+$27/mo · 28.7%)

ⓘ 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 8/10 Severe 7 d/yr ≥106°F today · 18 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,314
• − Mortgage interest: −$9,943
• − Property taxes: −$1,131
• − Insurance: −$888
• − Repairs & maintenance: −$1,385
• − Management: −$1,385
• − Depreciation: −$5,164
• Taxable loss: −$2,581
• Est. tax savings @ 24.0%: +$619
• After-tax cash flow: $1,109/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 — Jacksonville

• Score: 71/100
• State rank: #111
• US rank: #6991

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jacksonville, NC
• County: Onslow County · 164,453 people
• City population: 96,397
• Metro: Jacksonville, NC
• Population (ZIP): 49,141
• Household income: $65,625
• Rent vs Own: 38.2% rent · 61.8% own
• Severe rent burden: 1304.0

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: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: White 62% Black 14% Hispanic / Latino 14% Two or more races 13% Asian 2%
• Hispanic origin (detail): Mexican 5% Puerto Rican 6%
• Common ancestry: Italian 3% Serbian 2% Romanian 2%
• Foreign-born: 4% · Canada, China
• Languages at home: 90% English-only · Spanish 7% Chinese 1% 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: ▼ -60.11%
• Current HPI: 219.5571
• Rent YoY: ▲ 4.47%
• 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

+610.0% since first listed

9 events — show timeline

• 2026-04-27 Listed $177,500 Hive MLS
• 2023-12-06 Sold (Public Records) $150,000 Public Records
• 2023-12-06 Sold (MLS) $175,000 Hive MLS
• 2023-11-02 Pending — Hive MLS
• 2023-10-18 Price Changed $174,900 Hive MLS
• 2023-10-06 Relisted — Hive MLS
• 2023-09-20 Pending — Hive MLS
• 2023-09-16 Listed $180,000 Hive MLS
• 1979-07-24 Sold (Public Records) $25,000 Public Records

Property tax history

-0.4%/yr

Latest (2025): $1,131 · +0.0% YoY. Source: county tax records.