278 Live Oak 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
Rental property for sale in Newport at 278 Live Oak Rd, Newport, NC, 28570 priced at $638,000 converts $3,176/mo rent into after a $3,123/mo obligation. Total monthly income equals $3,176/mo. Return on cash invested prints 15.99% in year one, and rental yield reads 5.97% against a $638,000 entry. Equity gained on principal adds $4,117/yr, while 5% annual appreciation compiles into $176,268 by year five. Five-year ROI reaches 81.66% and total cumulative return in cash sums $171,398. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,176/mo property income covering a $3,123/mo payment, not borrower’s personal income.
Single Family
Built in 2021
0.36 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: ALINA BOWDEN • ADCOCK REAL ESTATE SERVICES
Mls Name: LPRMLS
Mls ID: #745772