229 Cottontail RunNewportNC28570
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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
Rental property for sale in Newport at 229 Cottontail Run, Newport, NC, 28570 priced at $499,000 pairs $3,230/mo rent with $189/mo cash flow after a $2,442/mo payment. Total monthly income equals $3,230/mo, and annual cash flow comes to $2,270/yr on $165,419 invested. Return on cash invested is 21.28% in year one, and rental yield stands at 7.77% on a $499,000 basis. Equity gained on principal adds $3,220/yr, and 5% annual appreciation accumulates to $137,865 by year five. Five-year ROI measures 110.09% and total cumulative return in cash reaches $182,106. For financing, Ziffy Mortgage’s DSCR program evaluates $3,230/mo property income against a $2,442/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1987
0.51 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
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Listed by: Mary Cheatham King Real Estate team • Keller Williams Crystal Coast
Mls Name: Hive MLS
Mls ID: #100546375