128 Witten CircleHavelockNC28532
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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
Rental property for sale in Havelock at 128 Witten Circle, Havelock, NC, 28532 generates $1,058/mo in rent and, after a $680/mo payment, leaves $211/mo in cash flow. Total monthly income is $1,058/mo, and annual cash flow is $2,534/yr on $46,079 invested. Return on cash invested sits at 25.41% in year one, and rental yield is 9.13% on a $139,000 entry. Equity gained on principal adds $897/yr, while 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 132.29% and total cumulative return in cash sums $60,956. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,058/mo property income rather than buyer’s personal income.
Single Family
Built in 1986
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28532, Havelock, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,563 (100%) |
| Owner Occupied HU | 4,607 (48.2%) |
| Renter Occupied HU | 3,556 (37.2%) |
| Vacant Housing Units | 1,400 (14.6%) |
| Median Home Value | $214,795 |
| Average Home Value | $251,381 |
Housing Distribution
Address Breakdown
Residential
9,068
Single Family
8,118
Multi-Family
950
Businesses
683
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Listed by: SUE BOYER • First Carolina Realtors
Mls Name: Hive MLS
Mls ID: #100517449