1512 Caracara Dr #Z7GVN5,New Bern Nc Z7gvn5,NC,28560

Investment Highlights

Rental property for sale in New Bern Nc Z7gvn5 at 1512 Caracara Dr #Z7GVN5, New Bern Nc Z7gvn5, NC, 28560 priced at $415,300 converts $2,747/mo rent into $216/mo cash flow after a $2,033/mo obligation. Total monthly income equals $2,747/mo, and annual cash flow totals $2,588/yr on $137,672 invested. Return on cash invested prints 21.79% in year one, and rental yield reads 7.94% against a $415,300 entry. Equity gained on principal adds $2,680/yr, while 5% annual appreciation compiles into $114,740 by year five. Five-year ROI reaches 112.8% and total cumulative return in cash sums $155,299. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,747/mo property income covering a $2,033/mo payment, not borrower’s personal income.