2108 Griffin Avenue, New Bern, NC, 28560 | $523/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in New Bern at 2108 Griffin Avenue, New Bern, NC, 28560 uses $58,013 cash to close to unlock $6,276/yr annual cash flow and $523/mo monthly cash flow. Total monthly income runs $1,590/mo, and a $857/mo payment keeps the spread at $523/mo. Purchase price stands at $175,000, and rental yield measures 10.9% with $1,590/mo rent. Return on cash invested shows 30.73% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 160.74% and total cumulative return in cash records $93,247. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,590/mo property income covering a $857/mo payment rather than investor’s personal income.

Single Family

Built in 1953

7,840 sqft lot

$N/A/sqft

No HOA