706 Mandolin LaneNewportNC28570
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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 Newport at 706 Mandolin Lane, Newport, NC, 28570 generates $2,807/mo in rent and, after a $1,995/mo payment, leaves $323/mo in cash flow. Total monthly income is $2,807/mo, and annual cash flow is $3,876/yr on $135,086 invested. Return on cash invested sits at 22.78% in year one, and rental yield is 8.27% on a $407,500 entry. Equity gained on principal adds $2,630/yr, while 5% annual appreciation builds toward $112,585 over five years. Five-year ROI reaches 118.09% and total cumulative return in cash sums $159,523. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,807/mo property income rather than buyer’s personal income.
Single Family
Built in 2007
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28570, Newport, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,317 (100%) |
| Owner Occupied HU | 7,124 (57.8%) |
| Renter Occupied HU | 2,307 (18.7%) |
| Vacant Housing Units | 2,886 (23.4%) |
| Median Home Value | $324,479 |
| Average Home Value | $381,142 |
Housing Distribution
Address Breakdown
Residential
10,355
Single Family
9,594
Multi-Family
761
Businesses
433
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Listed by: MICHELE CONNORS • The Overton Group
Mls Name: Hive MLS
Mls ID: #100545193