2294 Mill Creek RdNewportNC28570
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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 Newport at 2294 Mill Creek Rd, Newport, NC, 28570 listed at $112,542 pairs $2,519/mo rent with a $551/mo payment to leave $1,833/mo cash flow. Total monthly income runs $2,519/mo, and annual cash flow reaches $21,995/yr on $37,308 cash to close. Return on cash invested measures 78.87% in year one, and rental yield registers 26.86% at a $112,542 basis. Equity gained on principal adds $726/yr, and annual property appreciation at 5% supports $31,093 by year five. Five-year ROI tracks 418.87% and total cumulative return in cash totals $156,270. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,519/mo property income relative to a $551/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2000
0.37 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: N/A • N/A
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