134 Pine Cove RoadNew BernNC28562
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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 New Bern at 134 Pine Cove Road, New Bern, NC, 28562 earns $248/mo cash flow from $2,884/mo rent with a $2,117/mo payment. Total monthly income totals $2,884/mo, and annual cash flow totals $2,976/yr on $143,374 capital. ROI tracks 21.98% on current figures, and rental yield reads 8% at a $432,500 purchase. Equity gained on principal adds $2,791/yr, and 5% annual appreciation supports $119,492 over five years. Five-year ROI reaches 113.83% and total cumulative return in cash sums $163,207. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,884/mo property income instead of your personal income.
Single Family
Built in 2007
0.42 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
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Listed by: CYNTHIA NICE • COLDWELL BANKER SEA COAST ADVANTAGE
Mls Name: Hive MLS
Mls ID: #100551338