450 Pate RdNew BernNC28562
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Nearby investment properties with comparable prices
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 450 Pate Rd, New Bern, NC, 28562 offers $2,176/mo rent that, after a $1,072/mo payment, leaves $841/mo cash flow. Total monthly income is $2,176/mo, and annual cash flow is $10,094/yr on $72,599 cash. Return on cash invested measures 33.81% in year one, and rental yield stands at 11.92% at a $219,000 entry. Equity gained on principal adds $1,413/yr while 5% annual appreciation compounds into $60,506 by year five. Five-year ROI records 177.34% and total cumulative return in cash reaches $128,745. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,176/mo property income versus a $1,072/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1898
0.67 Acres 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: N/A • N/A
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