1016 Pelican Dr,New Bern,NC,28560

Investment Highlights

Rental property for sale in New Bern at 1016 Pelican Dr, New Bern, NC, 28560 generates $3,142/mo in rent and, after a $2,064/mo payment, leaves $452/mo in cash flow. Total monthly income is $3,142/mo, and annual cash flow is $5,423/yr on $139,800 invested. Return on cash invested sits at 23.79% in year one, and rental yield is 8.94% on a $421,720 entry. Equity gained on principal adds $2,721/yr, while 5% annual appreciation builds toward $116,513 over five years. Five-year ROI reaches 123.89% and total cumulative return in cash sums $173,203. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,142/mo property income rather than buyer’s personal income.