2050 Briarwood DriveKinstonNC28501
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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 Kinston at 2050 Briarwood Drive, Kinston, NC, 28501 uses $72,930 cash to close to unlock $3,972/yr annual cash flow and $331/mo monthly cash flow. Total monthly income runs $1,672/mo, and a $1,077/mo payment keeps the spread at $331/mo. Purchase price stands at $220,000, and rental yield measures 9.12% with $1,672/mo rent. Return on cash invested shows 25.36% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 131.93% and total cumulative return in cash records $96,215. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,672/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Townhouse
Built in 2006
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28501, Kinston, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,622 (100%) |
| Owner Occupied HU | 3,710 (38.6%) |
| Renter Occupied HU | 4,100 (42.6%) |
| Vacant Housing Units | 1,812 (18.8%) |
| Median Home Value | $96,667 |
| Average Home Value | $139,687 |
Housing Distribution
Address Breakdown
Residential
8,586
Single Family
8,006
Multi-Family
580
Businesses
763
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Listed by: The Lemmond Group • REAL Broker LLC
Mls Name: Hive MLS
Mls ID: #100540788