302 Pine Ridge AvenueNew BernNC28560
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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 New Bern at 302 Pine Ridge Avenue, New Bern, NC, 28560 offers $2,150/mo rent that, after a $1,542/mo payment, leaves $230/mo cash flow. Total monthly income is $2,150/mo, and annual cash flow is $2,760/yr on $104,423 cash. Return on cash invested measures 22.55% in year one, and rental yield stands at 8.19% at a $315,000 entry. Equity gained on principal adds $2,033/yr while 5% annual appreciation compounds into $87,029 by year five. Five-year ROI records 116.88% and total cumulative return in cash reaches $122,045. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,150/mo property income versus a $1,542/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
2.46 Acres lot
$N/A/sqft
No HOA
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Listed by: TEAM VARY • NorthGroup
Mls Name: Hive MLS
Mls Provider:
Mls ID: #100475178
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 2024-10-17 08:18:46 PDT. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 2024-10-17 08:18:46 PDT Hive MLS