508 Rhem StKinstonNC28501
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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
Investment property for sale in Kinston at 508 Rhem St, Kinston, NC, 28501 at $176,000 posts ROI 22.87% with $144/mo cash flow from $1,216/mo rent. Total monthly income equals $1,216/mo, and annual cash flow records $1,726/yr on $58,344 to close. Return on cash invested measures 22.87% and rental yield reads 8.29% at the current $176,000. Equity gained on principal adds $1,136/yr, and 5% annual appreciation supports $48,626 by year five. Five-year ROI prints 118.59% and total cumulative return in cash totals $69,189.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,216/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1923
6,098 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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Nearby investment properties with comparable prices
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