119 Leonard Drive, New Bern, NC, 28560 | $507/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in New Bern at 119 Leonard Drive, New Bern, NC, 28560 uses $97,793 cash to close to unlock $6,084/yr annual cash flow and $507/mo monthly cash flow. Total monthly income runs $2,305/mo, and a $1,444/mo payment keeps the spread at $507/mo. Purchase price stands at $295,000, and rental yield measures 9.38% with $2,305/mo rent. Return on cash invested shows 26.13% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 136.07% and total cumulative return in cash records $133,070. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,305/mo property income covering a $1,444/mo payment rather than investor’s personal income.

Single Family

Built in 2005

10,454 sqft lot

$N/A/sqft

No HOA