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409 Commerce Ave, Morehead City, NC 28557 — $259,999 · 2bd · ~0.7% rule | OnePercent

409 Commerce Ave, Morehead City, NC 28557

$259,999

Home·Morehead City 28557·409 Commerce Ave, Morehead City, NC 28557

Unconfirmed for 10 days — may no longer be available

409 Commerce Ave, Morehead City, NC 28557

2 bd · 2 ba · 1,455 sqft · built 1998 · Morehead City · CONDOS·source listing ↗

$259,999

rent, three ways

OnePercent model (vv1)$1,802/mo

p10–p90 confidence band

HUD Fair Market Rent · 28557 · 2BR$1,270/mo

Area comps median (last 90d)—

FMR from HUD SAFMR FY2026. Never a naked estimate.

County

Carteret

Flood risk indexVery High FEMA NRI

Median household income$68,528

Median area rent$1,149/mo

Median home value$362,800

the verdict

0.69%vs 0.8% target

financing: 20% down · — (FRED, live) · 30yr

$259,999

0.69% · rent $1,802

Intrinsic value · income approach

$366,683

29% below intrinsic value

Value = net operating income ÷ market cap rate. Not investment advice.

Ten-year owner return

Equity multiple, per-year cash flow, and appreciation modeling are a Pro feature.