120 Mom LaneNew 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
Investment property for sale in New Bern at 120 Mom Lane, New Bern, NC, 28562 with 5% annual appreciation on a $449,500 basis while $3,247/mo rent supports operations. Total monthly income totals $3,247/mo and a $2,200/mo payment preserves $508/mo for cash returns. Annual cash flow comes to $6,091/yr on $149,009 deployed, and return on cash invested reaches 24% in year one. Equity gained on principal adds $2,901/yr, and five-year appreciation sums $124,189 alongside rental yield of 8.67%. Five-year ROI measures 124.64% and total cumulative return in cash totals $185,729.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,247/mo property income versus a $2,200/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2009
0.41 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: JAMI TURNER • COLDWELL BANKER SEA COAST ADVANTAGE
Mls Name: Hive MLS
Mls ID: #100527098