104 Outrigger RoadNew BernNC28562
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 104 Outrigger Road, New Bern, NC, 28562 offers $2,542/mo rent that, after a $2,814/mo payment. Total monthly income is $2,542/mo. Return on cash invested measures 13.96% in year one, and rental yield stands at 5.31% at a $575,000 entry. Equity gained on principal adds $3,710/yr while 5% annual appreciation compounds into $158,862 by year five. Five-year ROI records 70.76% and total cumulative return in cash reaches $133,859. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,542/mo property income versus a $2,814/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1985
0.39 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: The DONNA AND TEAM NEW BERN • Keller Williams Realty
Mls Name: Hive MLS
Mls ID: #100546340