243 Barrington RidgeBogueNC28570
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
Investment property for sale in Bogue at 243 Barrington Ridge, Bogue, NC, 28570 uses $125,804 cash to close to unlock $2,767/yr annual cash flow and $231/mo monthly cash flow. Total monthly income runs $2,543/mo, and a $1,857/mo payment keeps the spread at $231/mo. Purchase price stands at $379,500, and rental yield measures 8.04% with $2,543/mo rent. Return on cash invested shows 22.11% in year one, and 5% annual appreciation builds toward $104,849 over five years. Five-year ROI reaches 114.51% and total cumulative return in cash records $144,060. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,543/mo property income covering a $1,857/mo payment rather than investor’s personal income.
Single Family
Built in 1994
0.48 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alison Jaeger • Bluewater Real Estate - EI
Mls Name: Hive MLS
Mls ID: #100532225