2303 Leigh StreetKinstonNC28504
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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
Rental property for sale in Kinston at 2303 Leigh Street, Kinston, NC, 28504 offers $1,615/mo rent that, after a $710/mo payment, leaves $731/mo cash flow. Total monthly income is $1,615/mo, and annual cash flow is $8,772/yr on $48,068 cash. Return on cash invested measures 38.16% in year one, and rental yield stands at 13.37% at a $145,000 entry. Equity gained on principal adds $936/yr while 5% annual appreciation compounds into $40,061 by year five. Five-year ROI records 200.58% and total cumulative return in cash reaches $96,416. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,615/mo property income versus a $710/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
0.31 Acres lot
$N/A/sqft
No HOA
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Listed by: Colby McLawhorn • Nathan Perry Realty LLC
Mls Name: Hive MLS
Mls Provider:
Mls ID: #100468054
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 2024-10-17 08:18:46 PDT. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 2024-10-17 08:18:46 PDT Hive MLS