DOVER-EXP Plan, Ballantine GroveNewportNC28570
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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 DOVER-EXP Plan, Ballantine Grove, Newport, NC, 28570 offers $3,302/mo rent that, after a $2,043/mo payment, leaves $758/mo cash flow. Total monthly income is $3,302/mo, and annual cash flow is $9,096/yr on $138,398 cash. Return on cash invested measures 26.48% in year one, and rental yield stands at 9.49% at a $417,490 entry. Equity gained on principal adds $2,694/yr while 5% annual appreciation compounds into $115,345 by year five. Five-year ROI records 137.99% and total cumulative return in cash reaches $190,979. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,302/mo property income versus a $2,043/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
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
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Listed by: Ballantine • D.R. Horton
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A