103 Leonard Dr, New Bern, NC, 28560 | $99/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
2 Bath
854 sft

3418 Preakness Pl, New Bern, NC, 28562

3 Bed
3 Bath
1424 sft

88 Quarterdeck Townes, New Bern, NC, 28562

Investment Property+ 1 more

3 Bed
1 Bath
1149 sft

811 Clark Avenue, New Bern, NC, 28560

2 Bed
2 Bath
1050 sft

90 Ashley Place, New Bern, NC, 28562

Nearby investment properties with comparable prices

3 Bed
3 Bath
2022 sft

810 Main Street, Maysville, NC, 28555

3 Bed
2 Bath
1742 sft

930 Willis Neck Road, Vanceboro, NC, 28586

3 Bed
2 Bath
1207 sft

4724 Corena Drive, New Bern, NC, 28562

3 Bed
2 Bath
1122 sft

904 Dickinson Court, New Bern, NC, 28562

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in New Bern at 103 Leonard Dr, New Bern, NC, 28560 uses $90,814 cash to close to unlock $1,191/yr annual cash flow and $99/mo monthly cash flow. Total monthly income runs $1,769/mo, and a $1,341/mo payment keeps the spread at $99/mo. Purchase price stands at $273,948, and rental yield measures 7.75% with $1,769/mo rent. Return on cash invested shows 21.22% in year one, and 5% annual appreciation builds toward $75,687 over five years. Five-year ROI reaches 109.79% and total cumulative return in cash records $99,701. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,769/mo property income covering a $1,341/mo payment rather than investor’s personal income.

Single Family

Built in 2001

N/A lot

$N/A/sqft

No HOA