455 Timbercrest Cir SE · Bolivia, NC 28422

$237,850

4 bd · 2.5 ba · 1,807 sqft · Townhouse · 320 Days on market

Built 2025 Good condition 2,657 sqft lot Garage $132/sqft · 9% below area Est $262k · 9% under $80/mo HOA · 3% of rent ↓ 12% since listing

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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 +20.2/30.0
• ARV discount +11.6/15.0
• DSCR +6.4/10.0
• 1% rule +5.8/10.0
• Schools +4.7/10.0
• Condition / age +4.0/5.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

* MOVE IN READY * Experience coastal modern living at Autumn Trail in this brand new 4-bedroom, 2.5-bath townhome, conveniently located 15-20 minutes from Oak Island and Holden Beach, with easy access to the historic waterfront town of Southport. Designed with versatility in mind, the open-concept floor plan features a desirable first-floor primary suite with high ceilings, a walk-in closet, and a private bath with quartz countertops and a 5-foot glass-enclosed shower. The kitchen is thoughtfully finished with granite countertops, soft-close cabinetry, crown and cap trim on the cabinets, a ceramic tile backsplash, and stainless steel appliances.

Key facts

• Close to beaches
• $80 HOA
• Garage

Tags

• MASTER SUITE ON FIRST FLOOR
• HISTORIC DISTRICT OF SOUTHPORT
• CLOSE TO BEACHES
• NEAR MANY RESTAURANTS
• NEAR MANY GOLF COURSES

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath townhouse listed at $238k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $301 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $238k).
• Recommended offer: $209k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.8% vs local median 4.7% in Bolivia — 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 59/100 on livability (#549 in NC) — a working-class tenant base; expect higher turnover. Strengths: health & safety A+, cost of living B; Watch: amenities F, commute F, employment F.
• Brunswick County Schools (rural): math 45% / reading 47% proficiency, ranked #82 of 178 in NC (top 46%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Virginia Williamson Elem (math 50% / reading 49%, grade D, #417 of 1,410 statewide, top 32%, 502 students, 99% FRL); Cedar Grove Middle (math 30% / reading 36%, grade F, #305 of 475 statewide, top 65%, 434 students, 99% FRL); South Brunswick High (math 62% / reading 57%, grade C+, #216 of 535 statewide, top 43%, 1,172 students, 100% FRL) — zoned schools average 99% FRL vs 53% district-wide (46 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 867 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 42d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; 6,112 units permitted in Brunswick County in 2024 (990 in 5+ unit buildings).
• This rent runs 44% of the median local income ($69k/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.
• Brunswick County population projected at +36% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 320 days — a 12% lower offer ($209k) is reasonable based on typical stale-listing flexibility.

Recommended offer $209,308 (12.0% below list)

Questions for the listing agent

1. It's been on market 320 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 1.08% ✓
• Cap rate: 7.81%
• Cash-on-cash: 5.42%
• DSCR: 1.24
• GRM: 7.7

CMA / ARV

• ARV (median comp): $261,637
• List price: $237,850
• Delta: -9.09%
• Verdict: FAIR
• Comps: 5 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
451 Timbercrest Cir SE	0.01mi	4/2.5	1,807 (0%)	1mo	$235,850	$131	99
545 Timbercrest Cir SE	0.10mi	4/2.5	1,807 (0%)	2mo	$247,850	$137	94
554 Timbercrest Cir SE	0.09mi	3/2.5 (-1)	1,567 (-13%)	11mo	$275,000	$175	60
522 Timbercrest Cir	0.11mi	3/2.5 (-1)	1,567 (-13%)	15mo	$275,000	$175	55
520 Timbercrest Cir SE Unit 5b	0.11mi	3/2.5 (-1)	1,567 (-13%)	17mo	$270,000	$172	54

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: -7.9%
• Equity multiple: 0.71×
• Total profit: $-19,302
• Equity at exit: $35,464

10-year hold

• IRR: 1.7%
• Equity multiple: 1.12×
• Total profit: $8,210
• Equity at exit: $20,565

Cash invested: $66,598 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 12 active · 3 under contract
• Months of supply: 36.0 mo (3%/mo absorbed)
• Median asking: $237,850 ($132/sqft)
• Median days on market: 165 d
• This list price: 25% of active listings are priced below it
• ARV vs active asking: +10.0% vs current asking $/sqft

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

ZIP-level market 28422

• Home prices YoY: -23.8%
• Active inventory: 867
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $2,563 medium
• Mortgage (P&I): −$1,247
• Tax est. 1.5%: −$297 /mo · $3,568/yr
• Insurance: −$99
• HOA: −$80
• Vacancy / Maint / Mgmt: −$538
• Net cashflow: $301

Break-even live

Break-even rent $2,182

Max offer price $237,850

Occupancy floor 83%

Sensitivity live

Price	-10% $465	-5% $383	+0% $301	+5% $219	+10% $136
Rent	-10% $98	-5% $199	+0% $301	+5% $402	+10% $503
Rate	-1.0pp $420	-0.5pp $361	base $301	+0.5pp $239	+1.0pp $176

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: $59,462
• Closing costs: $7,136
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
601 Creekway Cir SE Bolivia, NC	3.0	2.5	2101	$2,250	$1.07	41d	1	0.12mi
514 Silky Oak Dr SE Bolivia, NC	3.0	2.0	1672	$2,400	$1.44	164d	1	0.88mi
510 Silky Oak Dr SE Bolivia, NC	3.0	3.0	2371	$2,350	$0.99	10d	1	0.88mi

Property features AI

Finance

• Other: Subdivision: Autumn Trail
• HOA & community: Homeowners association with annual fee of $960 (approximately $80/month)Association amenities: Other

Exterior

• Parking: Attached garage (1 car)1 parking space totalOn-street parking available
• Utilities: Public waterSewer connectedWater connected
• Home design: TownhouseTwo storiesEntry level: 1New constructionHas a viewPets allowed
• Construction: Vinyl siding and frame constructionShingle roofSlab foundationBuilt as new construction
• Exterior features: Covered porch

Interior

• Kitchen: Electric ovenDishwasherMicrowaveDisposal
• Bedrooms: Master downstairs
• Flooring: CarpetLaminateVinyl
• Bathrooms: 2 full bathrooms1 half bathroom
• Heating & cooling: Heat pump (heating and cooling)Electric heating
• Interior features: Master suite on the main levelWalk-in closet(s)High ceilingsPantry
• Laundry & utility: Washer hookupElectric water heater

HOA detail $80/mo · $960/yr

• Likely covers: water

Listing history 50 events

1. 2026-11-08
   days on market $237,850 Active 320 DOM
2. 2026-11-07
   days on market $237,850 Active 319 DOM
3. 2026-11-06
   days on market $237,850 Active 318 DOM
4. 2026-11-05
   days on market $237,850 Active 317 DOM
5. 2026-11-04
   days on market $237,850 Active 316 DOM
6. 2026-11-02
   days on market $237,850 Active 314 DOM
7. 2026-11-01
   days on market $237,850 Active 313 DOM
8. 2026-10-31
   days on market $237,850 Active 312 DOM
9. 2026-10-30
   days on market $237,850 Active 311 DOM
10. 2026-10-29
    days on market $237,850 Active 310 DOM
11. 2026-10-28
    days on market $237,850 Active 309 DOM
12. 2026-10-27
    days on market $237,850 Active 308 DOM
13. 2026-10-26
    days on market $237,850 Active 307 DOM
14. 2026-10-26
    days on market $237,850 Active 306 DOM
15. 2026-10-24
    days on market $237,850 Active 305 DOM
16. 2026-10-23
    days on market $237,850 Active 304 DOM
17. 2026-10-22
    days on market $237,850 Active 303 DOM
18. 2026-10-21
    days on market $237,850 Active 302 DOM
19. 2026-10-20
    days on market $237,850 Active 301 DOM
20. 2026-10-19
    days on market $237,850 Active 300 DOM
21. 2026-10-18
    days on market $237,850 Active 299 DOM
22. 2026-10-17
    days on market $237,850 Active 298 DOM
23. 2026-10-16
    days on market $237,850 Active 297 DOM
24. 2026-10-15
    days on market $237,850 Active 296 DOM
25. 2026-10-14
    days on market $237,850 Active 295 DOM
26. 2026-10-13
    days on market $237,850 Active 294 DOM
27. 2026-10-12
    days on market $237,850 Active 293 DOM
28. 2026-10-11
    days on market $237,850 Active 292 DOM
29. 2026-10-10
    days on market $237,850 Active 291 DOM
30. 2026-10-09
    days on market $237,850 Active 290 DOM
31. 2026-10-08
    days on market $237,850 Active 289 DOM
32. 2026-10-07
    days on market $237,850 Active 288 DOM
33. 2026-10-06
    days on market $237,850 Active 287 DOM
34. 2026-10-05
    days on market $237,850 Active 286 DOM
35. 2026-10-04
    days on market $237,850 Active 285 DOM
36. 2026-10-03
    days on market $237,850 Active 284 DOM
37. 2026-10-02
    days on market $237,850 Active 283 DOM
38. 2026-10-01
    days on market $237,850 Active 282 DOM
39. 2026-09-30
    days on market $237,850 Active 281 DOM
40. 2026-09-29
    days on market $237,850 Active 280 DOM
41. 2026-09-28
    days on market $237,850 Active 279 DOM
42. 2026-09-27
    days on market $237,850 Active 278 DOM
43. 2026-09-26
    days on market $237,850 Active 276 DOM
44. 2026-09-24
    days on market $237,850 Active 275 DOM
45. 2026-09-23
    days on market $237,850 Active 274 DOM
46. 2026-09-22
    days on market $237,850 Active 273 DOM
47. 2026-09-21
    days on market $237,850 Active 272 DOM
48. 2026-09-20
    days on market $237,850 Active 271 DOM
49. 2026-09-19
    days on market $237,850 Active 270 DOM
50. 2026-09-18
    days on market $237,850 Active 269 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $30,751
• − Mortgage interest: −$13,323
• − Property taxes: −$3,568
• − Insurance: −$1,189
• − Repairs & maintenance: −$2,460
• − Management: −$2,460
• − HOA: −$960
• − Depreciation: −$6,919
• Taxable loss: −$129
• Est. tax savings @ 24.0%: +$31
• After-tax cash flow: $3,639/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 · 9 photos

Good 80/100 Cosmetic rehab Est. rehab $9,035–$27,105 screening

This move-in-ready townhouse is in good condition with a modern kitchen and bathrooms. It has a good curb appeal and is located in a desirable location. Potential buyers and tenants can benefit from minor updates such as painting and landscaping improvements.

Value-add opportunities

• Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics. ↑
• Both Landscaping improvements — Enhanced landscaping can improve curb appeal and attract potential buyers/tenants. ↑
• Both Adding smart home features — Smart home features can increase convenience and appeal to tech-savvy buyers/tenants. ↑
• Both Upgrading the kitchen appliances — Upgrading to more modern or energy-efficient appliances can increase the home's value and appeal to buyers/tenants. ↑
• Both Adding a smart thermostat — A smart thermostat can improve energy efficiency and comfort, making the home more attractive to buyers/tenants. ↑
• Both Upgrading the flooring in the bathrooms — Upgrading the flooring in the bathrooms can improve the overall aesthetic and functionality of the home, making it more attractive to buyers/tenants. ↑

ⓘ 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.

F Composite school gradezoned avg 47/100

Zoned Schools

Elementary Virginia Williamson Elem D NC #417/1,410 Nat'l #12,785/41,679 Middle Cedar Grove Middle F NC #305/475 Nat'l #8,059/14,009 High South Brunswick High C+ NC #216/535 Nat'l #3,588/17,239

Schools (NCES district)

• District: Brunswick County Schools
• NCES district ID: 3700420
• Math proficiency: 45% ▲ 4.00%
• Reading proficiency: 47% ▲ 4.00%
• Median HH income: $47,494
• Composite: 39.23/100
• National rank: #4011
• State rank: #82 of 178 in NC

D Composite livability gradescore 59/100

Livability — Bolivia

• Score: 59/100
• State rank: #549
• US rank: #20206

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Brunswick County · 152,111 people
• City population: 10,059
• Metro: Myrtle Beach-Conway-North Myrtle Beach, SC-NC
• Population (ZIP): 10,059
• Household income: $69,412
• Rent vs Own: 13.7% rent · 86.3% own

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Population outlook (Brunswick County) Hauer SSP2

• Today (2025): 152,111 people
• By 2030: 165,705 · +8.9%
• By 2040: 188,494 · +23.9%
• By 2050: 206,228 · +35.6%
• By 2075: 237,876 · +56.4%
• By 2100: 251,451 · +65.3%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (80%)
• Race & ethnicity: White 80% Black 9% Two or more races 8% Hispanic / Latino 3% Native American 1%
• Languages at home: 95% English-only · Spanish 4%

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Political lean MEDSL · Brunswick

• 2024 margin: Strong R (+24.9) · D 37.2% · R 62.0%
• 2008→2024 swing: -6.9pp toward R · 2008: -17.9pp · 2024: -24.9pp
• All cycles: 2024: R+24.9 2020: R+25.0 2016: R+28.7 2012: R+22.2 2008: R+17.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -44.19%
• Current HPI: 141.1956
• Rent YoY: —
• Metro: Myrtle Beach-Conway-North Myrtle Beach, SC-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

Finance

• Other: Subdivision: Autumn Trail
• HOA & community: Homeowners association with annual fee of $960 (approximately $80/month)Association amenities: Other

Exterior

• Parking: Attached garage (1 car)1 parking space totalOn-street parking available
• Utilities: Public waterSewer connectedWater connected
• Home design: TownhouseTwo storiesEntry level: 1New constructionHas a viewPets allowed
• Construction: Vinyl siding and frame constructionShingle roofSlab foundationBuilt as new construction
• Exterior features: Covered porch

Interior

• Kitchen: Electric ovenDishwasherMicrowaveDisposal
• Bedrooms: Master downstairs
• Flooring: CarpetLaminateVinyl
• Bathrooms: 2 full bathrooms1 half bathroom
• Heating & cooling: Heat pump (heating and cooling)Electric heating
• Interior features: Master suite on the main levelWalk-in closet(s)High ceilingsPantry
• Laundry & utility: Washer hookupElectric water heater

Price history

-11.8% since first listed

4 events — show timeline

• 2026-05-23 Price Changed $262,850 Hive MLS
• 2026-05-14 Price Changed $264,900 Hive MLS
• 2026-01-08 Price Changed $282,850 Hive MLS
• 2025-12-23 Listed $297,850 Hive MLS