318 Bungalow DrNew 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 318 Bungalow Dr, New Bern, NC, 28562 uses $111,716 cash to close to unlock $2,155/yr annual cash flow and $180/mo monthly cash flow. Total monthly income runs $2,233/mo, and a $1,649/mo payment keeps the spread at $180/mo. Purchase price stands at $337,000, and rental yield measures 7.95% with $2,233/mo rent. Return on cash invested shows 21.84% in year one, and 5% annual appreciation builds toward $93,107 over five years. Five-year ROI reaches 113.07% and total cumulative return in cash records $126,312. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,233/mo property income covering a $1,649/mo payment rather than investor’s personal income.
Single Family
Built in 2013
6,534 sqft lot
$N/A/sqft
No 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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