328 River Walk DrNew 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 328 River Walk Dr, New Bern, NC, 28560 offers $1,138/mo rent that, after a $925/mo payment. Total monthly income is $1,138/mo. Return on cash invested measures 16.96% in year one, and rental yield stands at 7.23% at a $189,000 entry. Equity gained on principal adds $1,220/yr while 5% annual appreciation compounds into $52,217 by year five. Five-year ROI records 87.97% and total cumulative return in cash reaches $55,114. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,138/mo property income versus a $925/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1982
871.20 sqft lot
$N/A/sqft
$140 monthly HOA
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Nearby investment properties with comparable prices
Listed by: David Daniel • Relevate Real Estate Inc.
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10085449
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