105 Everette Ct · Newport, NC 28570

$599,999

3 bd · 4.0 ba · 3,062 sqft · SingleFamily public records · 344 Days on market

Built 2006 Good condition 0.36 ac lot 2-car garage $196/sqft · 6% below area Est $641k · 6% under

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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
• ARV discount +10.4/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +7.2/10.0
• Condition / age +4.0/5.0
• Livability +3.2/5.0
• Rent growth +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

What this means for you Summary

Snapshot

• This is a 3-bed/4.0-bath single-family listed at $600k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $6k ($72k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($12k rent vs $600k).
• Recommended offer: $528k (12.0% below list) — sets the bar for market timing.
• Cap rate 18.2% vs local median 29.8% in Newport — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 63/100 on livability (#385 in NC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment C-, amenities F, commute F.
• 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: 358 active listings in the ZIP; 935 units permitted in Carteret County in 2024 (360 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $4k of loan paydown is wiped out by about $18k 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 $168k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 344 days — a 12% lower offer ($528k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 21y ago; this cycle's ask has dropped $78k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $310k; list at $600k implies a 94% 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 $527,999 (12.0% below list)

Questions for the listing agent

1. It's been on market 344 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. 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.
5. 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.
6. 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: 18.23%
• Cash-on-cash: 42.63%
• DSCR: 2.90
• GRM: 4.2

CMA / ARV

• ARV (median comp): $641,000
• List price: $599,999
• Delta: -6.40%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
389 Live Oak Rd	0.72mi	3/3.0	3,032 (-1%)	6mo	$2,050,000	$676	56
107 Live Oak Rd	0.17mi	4/3.5 (+1)	3,400 (+11%)	14mo	$1,900,000	$559	55
405 Landfall Ct	0.56mi	4/3.5 (+1)	3,200 (+4%)	10mo	$634,000	$198	51
126 Marsh Harbour Dr	0.66mi	4/3.0 (+1)	3,021 (-1%)	16mo	$495,000	$164	44
207 Backfin Ct	0.49mi	4/3.5 (+1)	2,697 (-12%)	16mo	$720,000	$267	37
410 Safe Harbour	0.68mi	3/4.5	3,344 (+9%)	18mo	$1,170,000	$350	36
218 Morada Bay Dr	0.58mi	4/3.5 (+1)	2,693 (-12%)	14mo	$577,700	$215	34
211 Tidewater Dr	0.60mi	3/2.5	2,604 (-15%)	11mo	$556,000	$214	32
206 Tidewater Dr	0.59mi	3/2.5	2,622 (-14%)	24mo	$572,000	$218	23

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: 39.4%
• Equity multiple: 2.68×
• Total profit: $282,659
• Equity at exit: $89,462

10-year hold

• IRR: 45.7%
• Equity multiple: 5.37×
• Total profit: $734,725
• Equity at exit: $51,877

Cash invested: $168,000 (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 →

Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 3 active · 3 under contract
• Months of supply: 3.6 mo (28%/mo absorbed)
• Median asking: $1,124,900 ($332/sqft)
• Median days on market: 58 d
• This list price: lowest-priced of the active set
• ARV vs active asking: -36.9% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 28570

• Home prices YoY: -16.2%
• Active inventory: 358
• Price-to-rent: 4.2×

Monthly cashflow live

• Estimated rent: $12,006 medium
• Mortgage (P&I): −$3,146
• Tax from tax record: −$120 /mo · $1,446/yr
• Insurance: −$250
• HOA: −$0
• Vacancy / Maint / Mgmt: −$2,521
• Net cashflow: $5,968

Break-even live

Break-even rent $4,452

Max offer price $599,999

Occupancy floor 45%

Sensitivity live

Price	-10% $6,307	-5% $6,138	+0% $5,968	+5% $5,798	+10% $5,628
Rent	-10% $5,019	-5% $5,494	+0% $5,968	+5% $6,442	+10% $6,916
Rate	-1.0pp $6,270	-0.5pp $6,120	base $5,968	+0.5pp $5,812	+1.0pp $5,654

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: $150,000
• Closing costs: $18,000
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Property features AI

Exterior

• Parking: Attached 2-car garage2 total parking spacesConcrete parking surface
• Utilities: Public waterSeptic tank sewerWater available
• Home design: Single family residenceThree or more levels3 stories totalEntry level 2Vinyl siding and frame constructionFacing: See remarks
• Construction: Built with vinyl siding and frameSlab foundationComposition roof
• Exterior features: Covered patio/porchDeckPatioPorchScreened porchVinyl fencingPaved road accessLocated on a cul-de-sac

Interior

• Kitchen: Electric ovenDishwasherMicrowaveRefrigerator
• Bedrooms: Entry level 2
• Flooring: CarpetTileVinylWood
• Bathrooms: 4 full bathrooms
• Heating & cooling: Heat pump heatingElectric heatingHeat pump cooling
• Interior features: Vaulted ceilingsCeiling fansPantryWindow coverings
• Laundry & utility: WasherDryerWasher hookup

Listing history 50 events

1. 2026-11-08
   days on market $599,999 Active 344 DOM
2. 2026-11-07
   days on market $599,999 Active 343 DOM
3. 2026-11-06
   days on market $599,999 Active 342 DOM
4. 2026-11-05
   days on market $599,999 Active 341 DOM
5. 2026-11-04
   days on market $599,999 Active 340 DOM
6. 2026-11-02
   days on market $599,999 Active 338 DOM
7. 2026-11-01
   days on market $599,999 Active 337 DOM
8. 2026-10-31
   days on market $599,999 Active 336 DOM
9. 2026-10-30
   days on market $599,999 Active 335 DOM
10. 2026-10-29
    days on market $599,999 Active 334 DOM
11. 2026-10-28
    days on market $599,999 Active 333 DOM
12. 2026-10-27
    days on market $599,999 Active 332 DOM
13. 2026-10-26
    days on market $599,999 Active 331 DOM
14. 2026-10-25
    days on market $599,999 Active 330 DOM
15. 2026-10-24
    days on market $599,999 Active 329 DOM
16. 2026-10-23
    days on market $599,999 Active 328 DOM
17. 2026-10-22
    days on market $599,999 Active 327 DOM
18. 2026-10-21
    days on market $599,999 Active 326 DOM
19. 2026-10-20
    days on market $599,999 Active 325 DOM
20. 2026-10-19
    days on market $599,999 Active 324 DOM
21. 2026-10-18
    days on market $599,999 Active 323 DOM
22. 2026-10-17
    days on market $599,999 Active 322 DOM
23. 2026-10-16
    days on market $599,999 Active 321 DOM
24. 2026-10-15
    days on market $599,999 Active 320 DOM
25. 2026-10-14
    days on market $599,999 Active 319 DOM
26. 2026-10-13
    days on market $599,999 Active 318 DOM
27. 2026-10-12
    days on market $599,999 Active 317 DOM
28. 2026-10-11
    days on market $599,999 Active 316 DOM
29. 2026-10-10
    days on market $599,999 Active 315 DOM
30. 2026-10-09
    days on market $599,999 Active 314 DOM
31. 2026-10-08
    days on market $599,999 Active 313 DOM
32. 2026-10-07
    days on market $599,999 Active 312 DOM
33. 2026-10-06
    days on market $599,999 Active 311 DOM
34. 2026-10-05
    days on market $599,999 Active 310 DOM
35. 2026-10-04
    days on market $599,999 Active 309 DOM
36. 2026-10-03
    days on market $599,999 Active 308 DOM
37. 2026-10-02
    days on market $599,999 Active 307 DOM
38. 2026-10-01
    days on market $599,999 Active 306 DOM
39. 2026-09-30
    days on market $599,999 Active 305 DOM
40. 2026-09-29
    days on market $599,999 Active 304 DOM
41. 2026-09-28
    days on market $599,999 Active 303 DOM
42. 2026-09-27
    days on market $599,999 Active 302 DOM
43. 2026-09-26
    days on market $599,999 Active 301 DOM
44. 2026-09-25
    days on market $599,999 Active 300 DOM
45. 2026-09-24
    days on market $599,999 Active 299 DOM
46. 2026-09-24
    days on market $599,999 Active 298 DOM
47. 2026-09-22
    days on market $599,999 Active 297 DOM
48. 2026-09-20
    days on market $599,999 Active 295 DOM
49. 2026-09-19
    days on market $599,999 Active 294 DOM
50. 2026-09-18
    days on market $599,999 Active 293 DOM

ⓘ 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: $4,920 · $410/mo
• Expected delta: +$3,474/yr (+$290/mo · 240.3%)

ⓘ 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 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: $144,072
• − Mortgage interest: −$33,609
• − Property taxes: −$1,446
• − Insurance: −$3,000
• − Repairs & maintenance: −$11,526
• − Management: −$11,526
• − Depreciation: −$17,455
• Taxable income: $65,510
• Est. tax owed @ 24.0%: −$15,723
• After-tax cash flow: $55,891/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.

Condition & rehab AI · 10 photos

Good 80/100 Cosmetic rehab Est. rehab $15,310–$45,930 screening

This home is in good condition with minimal repairs needed. Painting and landscaping improvements can significantly enhance its resale and rental value.

Components & finishes AI

Roof asphalt shingle · good Flooring carpet

Deferred maintenance Est. $10,000–$30,000 screening

• Major Roof (roof|hvac|water heater|windows|electrical|plumbing|exterior|other) — No visible signs of wear or damage on the roof.

Value-add opportunities

• Both Painting the exterior and interior walls — Fresh paint can enhance the curb appeal and interior aesthetics, making the home more attractive to potential buyers and renters. ↑
• Both Landscaping improvements — Well-maintained landscaping can enhance the curb appeal and add value to the property. ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

B Composite school gradezoned avg 72/100

Zoned Schools

Elementary White Oak Elementary A- NC #88/1,410 Nat'l #3,318/41,679 Middle Broad Creek Middle A- NC #28/475 Nat'l #1,199/14,009 High Croatan High A NC #73/535 Nat'l #1,074/17,239

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

C Composite livability gradescore 63/100

Livability — Newport

• Score: 63/100
• State rank: #385
• US rank: #15094

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Carteret County · 73,443 people
• City population: 22,197
• Metro: Morehead City, NC
• Population (ZIP): 22,197
• Household income: $70,229
• Rent vs Own: 22.7% rent · 77.3% own
• Severe rent burden: 9% of renters

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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%

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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%
• Languages at home: 92% English-only · Spanish 6% German/W. Germanic 1%

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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

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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

Property features AI

Exterior

• Parking: Attached 2-car garage2 total parking spacesConcrete parking surface
• Utilities: Public waterSeptic tank sewerWater available
• Home design: Single family residenceThree or more levels3 stories totalEntry level 2Vinyl siding and frame constructionFacing: See remarks
• Construction: Built with vinyl siding and frameSlab foundationComposition roof
• Exterior features: Covered patio/porchDeckPatioPorchScreened porchVinyl fencingPaved road accessLocated on a cul-de-sac

Interior

• Kitchen: Electric ovenDishwasherMicrowaveRefrigerator
• Bedrooms: Entry level 2
• Flooring: CarpetTileVinylWood
• Bathrooms: 4 full bathrooms
• Heating & cooling: Heat pump heatingElectric heatingHeat pump cooling
• Interior features: Vaulted ceilingsCeiling fansPantryWindow coverings
• Laundry & utility: WasherDryerWasher hookup

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.