105 Everette Ct · Bogue, NC 28570

$624,900

3 bd · 4.0 ba · 3,062 sqft · Other public records · 235 Days on market

Built 2006 0.36 ac lot

---

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

**$10,000 BONUS FOR BUYERS TO USE AS YOU CHOOSE! New cons. w/3000+ sf on cul-de-sac. Ground level with laundry, mud room, kitchenette, full bath, bonus area. Main level w/large kitchen, LR w/corner FP, master suite. Top level has additional BRs. Landscaped yard, attached double garage, storage, and great deck with a gorgeous view of the water. A definite must see!

Key facts

• Screened in porch
• Office flex room
• Full in-law suite

Tags

• FULL IN-LAW SUITE
• COVERED TIERED PATIO
• PROFESSIONALLY LANDSCAPED YARD
• SCREENED IN PORCH
• THIRD-FLOOR LOFT
• OFFICE FLEX ROOM

Property features AI

Exterior

• Parking: Attached 2-car garage; 2 total parking spaces; Concrete parking surface
• Utilities: Public water; Septic tank sewer; Water available
• Home design: Single family residence; Three or more levels; 3 stories total; Entry level 2; Vinyl siding and frame construction; Facing: See remarks
• Construction: Built with vinyl siding and frame; Slab foundation; Composition roof
• Exterior features: Covered patio/porch; Deck; Patio; Porch; Screened porch; Vinyl fencing; Paved road access; Located on a cul-de-sac

Interior

• Kitchen: Electric oven; Dishwasher; Microwave; Refrigerator
• Bedrooms: Entry level 2
• Flooring: Carpet; Tile; Vinyl; Wood
• Bathrooms: 4 full bathrooms
• Heating & cooling: Heat pump heating; Electric heating; Heat pump cooling
• Interior features: Vaulted ceilings; Ceiling fans; Pantry; Window coverings
• Laundry & utility: Washer; Dryer; Washer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/4.0-bath other listed at $625k.

Deal economics

• At list price, monthly cash flow is $6k ($74k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($12k rent vs $625k).
• Recommended offer: $550k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 65/100 on livability (#311 in NC) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, cost of living A; Watch: amenities F, commute F, health & safety D-.
• 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: White Oak Elementary (math 76% / reading 65%, grade A-, #88 of 1,410 statewide, top 6%, 772 students, 100% FRL); Broad Creek Middle (math 63% / reading 68%, grade A-, #28 of 475 statewide, top 6%, 710 students, 100% FRL); Croatan High (math 82% / reading 78%, grade A, #73 of 535 statewide, top 13%, 974 students, 26% FRL) — zoned schools average 75% FRL vs 39% district-wide (36 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 72% at this address vs 60% district-wide (+12 pts) — the actual schools serving this property are materially stronger than the Carteret County Public Schools average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: 216 active listings in the ZIP; 935 units permitted in Carteret County in 2024 (360 in 5+ unit buildings).
• At $12,483/mo this rent would consume 213% 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 $19k 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 $175k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 235 days — a 12% lower offer ($550k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 21y ago; this cycle's ask has dropped $53k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $310k; list at $625k implies a 102% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 8→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $549,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 235 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 2.00% ✓
• Cap rate: 18.21%
• Cash-on-cash: 42.55%
• DSCR: 2.89
• GRM: 4.2

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: 39.3%
• Equity multiple: 2.68×
• Total profit: $293,633
• Equity at exit: $93,175

10-year hold

• IRR: 45.7%
• Equity multiple: 5.36×
• Total profit: $763,576
• Equity at exit: $54,030

Cash invested: $174,972 (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: 4.2×

Monthly cashflow live

• Estimated rent: $12,483 medium
• Mortgage (P&I): −$3,277
• Tax from tax record: −$120 /mo · $1,446/yr
• Insurance: −$260
• HOA: −$0
• Vacancy / Maint / Mgmt: −$2,621
• Net cashflow: $6,204

Break-even live

Break-even rent $4,630

Max offer price $624,900

Occupancy floor 45%

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: $156,225
• Closing costs: $18,747
• Reserves months: —
• Total cash needed: —

Listing history 30 events

1. 2026-06-19
   days on market $624,900 Active 235 DOM
2. 2026-06-18
   days on market $624,900 Active 234 DOM
3. 2026-06-17
   days on market $624,900 Active 233 DOM
4. 2026-06-16
   days on market $624,900 Active 232 DOM
5. 2026-06-15
   days on market $624,900 Active 231 DOM
6. 2026-06-14
   days on market $624,900 Active 229 DOM
7. 2026-06-12
   days on market $624,900 Active 228 DOM
8. 2026-06-09
   days on market $624,900 Active 225 DOM
9. 2026-06-08
   days on market $624,900 Active 224 DOM
10. 2026-06-07
    days on market $624,900 Active 223 DOM
11. 2026-06-05
    days on market $624,900 Active 220 DOM
12. 2026-06-03
    days on market $624,900 Active 219 DOM
13. 2026-06-02
    days on market $624,900 Active 218 DOM
14. 2026-06-01
    days on market $624,900 Active 217 DOM
15. 2026-05-31
    days on market $624,900 Active 216 DOM
16. 2026-05-30
    days on market $624,900 Active 215 DOM
17. 2026-04-03
    price $624,900
18. 2026-02-21
    price $649,999
19. 2025-10-27
    price $679,900
20. 2025-10-27
    listed $678,000 Active
21. 2025-09-30
    historical
22. 2025-03-14
    listed $699,900 Active
23. 2009-05-15
    soldstatus $310,000 366-char remark

    Show marketing remark (366 chars)

    **$10,000 BONUS FOR BUYERS TO USE AS YOU CHOOSE! New cons. w/3000+ sf on cul-de-sac. Ground level with laundry, mud room, kitchenette, full bath, bonus area. Main level w/large kitchen, LR w/corner FP, master suite. Top level has additional BRs. Landscaped yard, attached double garage, storage, and great deck with a gorgeous view of the water. A definite must see!

24. 2008-04-22
    listed $349,000 366-char remark

    Show marketing remark (366 chars)

    **$10,000 BONUS FOR BUYERS TO USE AS YOU CHOOSE! New cons. w/3000+ sf on cul-de-sac. Ground level with laundry, mud room, kitchenette, full bath, bonus area. Main level w/large kitchen, LR w/corner FP, master suite. Top level has additional BRs. Landscaped yard, attached double garage, storage, and great deck with a gorgeous view of the water. A definite must see!

25. 2008-03-01
    historical
26. 2007-02-19
    listed $390,000
27. 2006-12-01
    historical
28. 2006-05-27
    listed $425,000
29. 2006-05-23
    historical
30. 2005-05-23
    listed $450,000

ⓘ 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: $1,446 · $120/mo
• Projected year-2 tax: $5,124 · $427/mo
• Expected delta: +$3,678/yr (+$307/mo · 254.4%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 10/10 Extreme 8 d/yr ≥103°F today · 22 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $149,795
• − Mortgage interest: −$35,004
• − Property taxes: −$1,446
• − Insurance: −$3,124
• − Repairs & maintenance: −$11,984
• − Management: −$11,984
• − Depreciation: −$18,179
• Taxable income: $68,075
• Est. tax owed @ 24.0%: −$16,338
• After-tax cash flow: $58,106/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 — Bogue

• Score: 65/100
• State rank: #311
• US rank: #13024

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Carteret County · 52,389 people
• 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

+38.9% since first listed

14 events — show timeline

• 2026-04-03 Price Changed $624,900 Hive MLS
• 2026-02-21 Price Changed $649,999 Hive MLS
• 2025-10-27 Price Changed $679,900 Hive MLS
• 2025-10-27 Listed $678,000 Hive MLS
• 2025-09-30 Listing Removed — Hive MLS
• 2025-03-14 Listed $699,900 Hive MLS
• 2009-05-15 Sold (MLS) $310,000 Hive MLS
• 2008-04-22 Listed $349,000 Hive MLS
• 2008-03-01 Listing Removed — Hive MLS
• 2007-02-19 Listed $390,000 Hive MLS
• 2006-12-01 Listing Removed — Hive MLS
• 2006-05-27 Listed $425,000 Hive MLS
• 2006-05-23 Listing Removed — Hive MLS
• 2005-05-23 Listed $450,000 Hive MLS

Property tax history

+2.2%/yr

Latest (2025): $1,446 · +22.6% YoY. Source: county tax records.