402 Marcella DriveKinstonNC28501
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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 Kinston at 402 Marcella Drive, Kinston, NC, 28501 priced at $158,900 converts $1,582/mo rent into $613/mo cash flow after a $778/mo obligation. Total monthly income equals $1,582/mo, and annual cash flow totals $7,360/yr on $52,675 invested. Return on cash invested prints 33.88% in year one, and rental yield reads 11.95% against a $158,900 entry. Equity gained on principal adds $1,025/yr, while 5% annual appreciation compiles into $43,901 by year five. Five-year ROI reaches 177.7% and total cumulative return in cash sums $93,604. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,582/mo property income covering a $778/mo payment, not borrower’s personal income.
Single Family
Built in 1965
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28501, Kinston, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,622 (100%) |
| Owner Occupied HU | 3,710 (38.6%) |
| Renter Occupied HU | 4,100 (42.6%) |
| Vacant Housing Units | 1,812 (18.8%) |
| Median Home Value | $96,667 |
| Average Home Value | $139,687 |
Housing Distribution
Address Breakdown
Residential
8,586
Single Family
8,006
Multi-Family
580
Businesses
763
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Listed by: Billy Gonzalez • Alluvium Elite Realty
Mls Name: Hive MLS
Mls ID: #100548801