2944 Mill Creek 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
Total monthly income runs $3,822/mo, and a $4,841/mo payment. Purchase price stands at $989,000, and rental yield measures 4.64% with $3,822/mo rent. Return on cash invested shows 11.93% in year one, and 5% annual appreciation builds toward $273,242 over five years. Five-year ROI reaches 59.88% and total cumulative return in cash records $194,838. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,822/mo property income covering a $4,841/mo payment rather than investor’s personal income.
Single Family
Built in 2009
0.53 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: David Lee Shirlin • Realty One Group Navigate
Mls Name: Hive MLS
Mls ID: #100546525