308 Louisia Mae Way, New Bern, NC, 28560 | $311/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
2 Bath
1052 sft

7402 Windward Drive, New Bern, NC, 28560

3 Bed
2 Bath
2128 sft

116 Elane Drive, Vanceboro, NC, 28586

1 Bed
1 Bath
778 sft

336 Sky Sail Boulevard, New Bern, NC, 28560

3 Bed
2 Bath
1296 sft

212 Selover Avenue, New Bern, NC, 28560

Nearby investment properties with comparable prices

3 Bed
3 Bath
1418 sft

2009 Clock Road, New Bern, NC, 28562

3 Bed
3 Bath
1418 sft

2007 Clock Road, New Bern, NC, 28562

3 Bed
3 Bath
1418 sft

2005 Clock Road, New Bern, NC, 28562

3 Bed
3 Bath
1418 sft

2011 Clock Road, New Bern, NC, 28562

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in New Bern at 308 Louisia Mae Way, New Bern, NC, 28560 uses $98,787 cash to close to unlock $3,737/yr annual cash flow and $311/mo monthly cash flow. Total monthly income runs $2,128/mo, and a $1,459/mo payment keeps the spread at $311/mo. Purchase price stands at $298,000, and rental yield measures 8.57% with $2,128/mo rent. Return on cash invested shows 23.69% in year one, and 5% annual appreciation builds toward $82,332 over five years. Five-year ROI reaches 123.02% and total cumulative return in cash records $121,532. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,128/mo property income covering a $1,459/mo payment rather than investor’s personal income.

Single Family

Built in 2008

6,098 sqft lot

$N/A/sqft

No HOA