275 Salty Shores RoadNewportNC28570
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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 Newport at 275 Salty Shores Road, Newport, NC, 28570 offers $2,375/mo rent that, after a $1,395/mo payment, leaves $638/mo cash flow. Total monthly income is $2,375/mo, and annual cash flow is $7,656/yr on $94,478 cash. Return on cash invested measures 28.01% in year one, and rental yield stands at 10% at a $285,000 entry. Equity gained on principal adds $1,839/yr while 5% annual appreciation compounds into $78,740 by year five. Five-year ROI records 146.15% and total cumulative return in cash reaches $138,078. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,375/mo property income versus a $1,395/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
0.46 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: O'Conor Properties • Keller Williams Crystal Coast
Mls Name: Hive MLS
Mls ID: #100534678