152 Pelican DriveNewportNC28570
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 Newport at 152 Pelican Drive, Newport, NC, 28570 uses $203,322 cash to close to unlock $461/yr annual cash flow and $38/mo monthly cash flow. Total monthly income runs $3,805/mo, and a $3,025/mo payment keeps the spread at $38/mo. Purchase price stands at $618,000, and rental yield measures 7.39% with $3,805/mo rent. Return on cash invested shows 20.29% in year one, and 5% annual appreciation builds toward $170,742 over five years. Five-year ROI reaches 104.72% and total cumulative return in cash records $212,915. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,805/mo property income covering a $3,025/mo payment rather than investor’s personal income.
Single Family
Built in 2021
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28570, Newport, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,317 (100%) |
| Owner Occupied HU | 7,124 (57.8%) |
| Renter Occupied HU | 2,307 (18.7%) |
| Vacant Housing Units | 2,886 (23.4%) |
| Median Home Value | $324,479 |
| Average Home Value | $381,142 |
Housing Distribution
Address Breakdown
Residential
10,355
Single Family
9,594
Multi-Family
761
Businesses
433
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Buy the Beach Realty • Keller Williams Crystal Coast
Mls Name: Hive MLS
Mls ID: #100547700