DOVER-EXP Plan, Ballantine GroveNewportNC28570
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at DOVER-EXP Plan, Ballantine Grove, Newport, NC, 28570 in Newport: $3,302/mo in rent, $758/mo in net income, 9.49% gross yield, 1.76 DSCR, all at $417,490. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $115,345 in appreciation and $3,845/yr in principal paydown projects total cumulative return of $206,957.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 6.2% |
| Monthly Cash Flow | $758 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $3,302 |
| Total Monthly Debt Service | $2,378 |
| DSCR Ratio | 1.39x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2025
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2025
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ballantine • D.R. Horton
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A