101 Westerly RoadNew BernNC28562
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in New Bern at 101 Westerly Road, New Bern, NC, 28562 priced at $465,000 pairs $3,024/mo rent with $190/mo cash flow after a $2,276/mo payment. Total monthly income equals $3,024/mo, and annual cash flow comes to $2,280/yr on $154,148 invested. Return on cash invested is 21.39% in year one, and rental yield stands at 7.8% on a $465,000 basis. Equity gained on principal adds $3,001/yr, and 5% annual appreciation accumulates to $128,471 by year five. Five-year ROI measures 110.64% and total cumulative return in cash reaches $170,543. For financing, Ziffy Mortgage’s DSCR program evaluates $3,024/mo property income against a $2,276/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2006
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28562, New Bern, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,840 (100%) |
| Owner Occupied HU | 12,545 (63.2%) |
| Renter Occupied HU | 5,417 (27.3%) |
| Vacant Housing Units | 1,878 ( 9.5%) |
| Median Home Value | $309,299 |
| Average Home Value | $328,109 |
Housing Distribution
Address Breakdown
Residential
19,736
Single Family
17,798
Multi-Family
1,938
Businesses
1,251
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Listed by: Chad Howery Real Estate Group • Keller Williams Realty
Mls Name: Hive MLS
Mls ID: #100543546