1103 Devonshire DriveTrent WoodsNC28562
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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
Investment property for sale in Trent Woods at 1103 Devonshire Drive, Trent Woods, NC, 28562 listed at $450,000 pairs $2,879/mo rent with a $2,203/mo payment to leave $136/mo cash flow. Total monthly income runs $2,879/mo, and annual cash flow reaches $1,632/yr on $149,175 cash to close. Return on cash invested measures 21% in year one, and rental yield registers 7.68% at a $450,000 basis. Equity gained on principal adds $2,904/yr, and annual property appreciation at 5% supports $124,327 by year five. Five-year ROI tracks 108.58% and total cumulative return in cash totals $161,970. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,879/mo property income relative to a $2,203/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1993
4,356 sqft 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: Sharon Maxey • Century 21 Coastal Advantage
Mls Name: Hive MLS
Mls ID: #100524065