3625 Elizabeth AvenueNew 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 3625 Elizabeth Avenue, New Bern, NC, 28562 offers a 8.24% rental yield on a $235,000 purchase with $1,613/mo rent. Total monthly income registers $1,613/mo, and a $1,150/mo payment leaves $181/mo available for distribution. Annual cash flow reaches $2,172/yr on $77,903 to close, and return on cash invested stands at 22.7% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,926 over five years. Portfolio math shows five-year ROI at 117.65% and total cumulative return in cash at $91,648. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,613/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
5,227 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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Listed by: The DONNA AND TEAM NEW BERN • Keller Williams Realty
Mls Name: Hive MLS
Mls ID: #100514261