4724 Corena DriveNew BernNC28562
Nearby investment properties with comparable rents
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
Investment property for sale in New Bern at 4724 Corena Drive, New Bern, NC, 28562 listed at $234,500 pairs $2,076/mo rent with a $1,148/mo payment to leave $635/mo cash flow. Total monthly income runs $2,076/mo, and annual cash flow reaches $7,624/yr on $77,737 cash to close. Return on cash invested measures 29.72% in year one, and rental yield registers 10.62% at a $234,500 basis. Equity gained on principal adds $1,513/yr, and annual property appreciation at 5% supports $64,788 by year five. Five-year ROI tracks 155.42% and total cumulative return in cash totals $120,820. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,076/mo property income relative to a $1,148/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2007
8,712 sqft lot
$N/A/sqft
$135 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alysha Maria Bulla • Realty ONE Group East
Mls Name: Hive MLS
Mls Provider:
Mls ID: #100466374
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 2024-10-17 08:18:46 PDT. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 2024-10-17 08:18:46 PDT Hive MLS