KERRY 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
Investment property for sale in Newport at KERRY Plan, Ballantine Grove, Newport, NC, 28570 with 5% annual appreciation on a $347,490 basis while $2,634/mo rent supports operations. Total monthly income totals $2,634/mo and a $1,701/mo payment preserves $516/mo for cash returns. Annual cash flow comes to $6,192/yr on $115,193 deployed, and return on cash invested reaches 25.28% in year one. Equity gained on principal adds $2,242/yr, and five-year appreciation sums $96,005 alongside rental yield of 9.1%. Five-year ROI measures 131.59% and total cumulative return in cash totals $151,578.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,634/mo property income versus a $1,701/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
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 - Wilmington
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A