301 Derby Park AveNew BernNC28562
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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
Investment property for sale in New Bern at 301 Derby Park Ave, New Bern, NC, 28562 offers a 8.7% rental yield on a $301,500 purchase with $2,185/mo rent. Total monthly income registers $2,185/mo, and a $1,476/mo payment leaves $332/mo available for distribution. Annual cash flow reaches $3,986/yr on $99,947 to close, and return on cash invested stands at 23.9% in year one. Equity gained on principal adds $1,946/yr while 5% annual appreciation supports $83,299 over five years. Portfolio math shows five-year ROI at 124.21% and total cumulative return in cash at $124,143. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,185/mo property income against a $1,476/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
0.69 Acres lot
$N/A/sqft
$15 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28562, New Bern, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,840 (100%) |
| Owner Occupied HU | 12,545 (63.2%) |
| Renter Occupied HU | 5,417 (27.3%) |
| Vacant Housing Units | 1,878 ( 9.5%) |
| Median Home Value | $309,299 |
| Average Home Value | $328,109 |
Housing Distribution
Address Breakdown
Residential
19,736
Single Family
17,798
Multi-Family
1,938
Businesses
1,251
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