656 Dr Martin Luther King Jr BlvdKinstonNC28501
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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 656 Dr Martin Luther King Jr Blvd, Kinston, NC, 28501 generates $1,136/mo in rent, after a $3,375/mo payment. Total monthly income is $1,136/mo. Return on cash invested sits at 3.84% in year one, and rental yield is 1.98% on a $689,500 entry. Equity gained on principal adds $4,449/yr, while 5% annual appreciation builds toward $190,496 over five years. Five-year ROI reaches 16.52% and total cumulative return in cash sums $37,471. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,136/mo property income rather than buyer’s personal income.
Townhouse
Built in 1901
0.28 Acres 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: Steven Elliot • Fathom Realty NC
Mls Name: Doorify MLS
Mls ID: #10120359