106 Barbour DriveNewportNC28570
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
Investment property for sale in Newport at 106 Barbour Drive, Newport, NC, 28570 at $498,000 posts ROI 24.34% with $609/mo cash flow from $3,644/mo rent. Total monthly income equals $3,644/mo, and annual cash flow records $7,313/yr on $165,087 to close. Return on cash invested measures 24.34% and rental yield reads 8.78% at the current $498,000. Equity gained on principal adds $3,214/yr, and 5% annual appreciation supports $137,588 by year five. Five-year ROI prints 126.49% and total cumulative return in cash totals $208,816.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,644/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2013
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28570, Newport, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,317 (100%) |
| Owner Occupied HU | 7,124 (57.8%) |
| Renter Occupied HU | 2,307 (18.7%) |
| Vacant Housing Units | 2,886 (23.4%) |
| Median Home Value | $324,479 |
| Average Home Value | $381,142 |
Housing Distribution
Address Breakdown
Residential
10,355
Single Family
9,594
Multi-Family
761
Businesses
433
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Nearby investment properties with comparable prices
Listed by: Margaret Hitchcock • Hitchcock Realty & Associates, LLC
Mls Name: Hive MLS
Mls ID: #100525884