106 Key West LaneNewportNC28570
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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
Total monthly income runs $4,834/mo, and a $4,890/mo payment. Purchase price stands at $999,000, and rental yield measures 5.81% with $4,834/mo rent. Return on cash invested shows 15.48% in year one, and 5% annual appreciation builds toward $276,005 over five years. Five-year ROI reaches 78.93% and total cumulative return in cash records $259,430. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,834/mo property income covering a $4,890/mo payment rather than investor’s personal income.
Single Family
Built in 2008
0.39 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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Listed by: Michele Moffitt • Keller Williams Crystal Coast
Mls Name: Hive MLS
Mls ID: #100540288