813 Plantation DriveNew BernNC28562
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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 New Bern at 813 Plantation Drive, New Bern, NC, 28562 priced at $319,900 converts $2,414/mo rent into $464/mo cash flow after a $1,566/mo obligation. Total monthly income equals $2,414/mo, and annual cash flow totals $5,569/yr on $106,047 invested. Return on cash invested prints 25.16% in year one, and rental yield reads 9.06% against a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation compiles into $88,382 by year five. Five-year ROI reaches 130.91% and total cumulative return in cash sums $138,824. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,414/mo property income covering a $1,566/mo payment, not borrower’s personal income.
Single Family
Built in 1992
0.34 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: LAURIE LAMOTTE • Home Sweet Home Realty by Laurie LaMotte, LLC
Mls Name: Hive MLS
Mls ID: #100550290