240 Cline WayBeaufortNC28516
Nearby investment properties with comparable rents
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 Beaufort at 240 Cline Way, Beaufort, NC, 28516 priced at $367,400 converts $2,640/mo rent into $401/mo cash flow after a $1,798/mo obligation. Total monthly income equals $2,640/mo, and annual cash flow totals $4,813/yr on $121,793 invested. Return on cash invested prints 23.86% in year one, and rental yield reads 8.62% against a $367,400 entry. Equity gained on principal adds $2,371/yr, while 5% annual appreciation compiles into $101,506 by year five. Five-year ROI reaches 123.93% and total cumulative return in cash sums $150,941. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,640/mo property income covering a $1,798/mo payment, not borrower’s personal income.
Townhouse
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28516, Beaufort, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,617 (100%) |
| Owner Occupied HU | 4,126 (54.2%) |
| Renter Occupied HU | 1,501 (19.7%) |
| Vacant Housing Units | 1,990 (26.1%) |
| Median Home Value | $393,935 |
| Average Home Value | $475,994 |
Housing Distribution
Address Breakdown
Residential
6,483
Single Family
6,209
Multi-Family
274
Businesses
582
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Listed by: N/A • Caviness & Cates
Mls Name: Caviness & Cates
Mls Provider:
Mls ID: #N/A