8240 Highway 70NewportNC28570
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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
Investment property for sale in Newport at 8240 Highway 70, Newport, NC, 28570 listed at $209,900 pairs $1,434/mo rent with a $1,027/mo payment to leave $155/mo cash flow. Total monthly income runs $1,434/mo, and annual cash flow reaches $1,861/yr on $69,582 cash to close. Return on cash invested measures 22.58% in year one, and rental yield registers 8.2% at a $209,900 basis. Equity gained on principal adds $1,354/yr, and annual property appreciation at 5% supports $57,992 by year five. Five-year ROI tracks 117.13% and total cumulative return in cash totals $81,500. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,434/mo property income relative to a $1,027/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
0.48 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: Tom R. Stephenson • Century 21 Coastal Advantage
Mls Name: Hive MLS
Mls ID: #100542731