309 Clear Water DrNewportNC28570
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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 309 Clear Water Dr, Newport, NC, 28570 priced at $359,900 converts $2,360/mo rent into $66/mo cash flow after a $1,762/mo obligation. Total monthly income equals $2,360/mo, and annual cash flow totals $793/yr on $119,307 invested. Return on cash invested prints 20.57% in year one, and rental yield reads 7.87% against a $359,900 entry. Equity gained on principal adds $2,322/yr, while 5% annual appreciation compiles into $99,434 by year five. Five-year ROI reaches 106.69% and total cumulative return in cash sums $127,286. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,360/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Single Family
Built in 2006
0.67 Acres lot
$N/A/sqft
$100 monthly 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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