The Catherine Plan, Heritage PointeNewportNC28570
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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 The Catherine Plan, Heritage Pointe, Newport, NC, 28570 offers $3,330/mo rent that, after a $2,195/mo payment, leaves $572/mo cash flow. Total monthly income is $3,330/mo, and annual cash flow is $6,863/yr on $148,645 cash. Return on cash invested measures 24.53% in year one, and rental yield stands at 8.91% at a $448,400 entry. Equity gained on principal adds $2,893/yr while 5% annual appreciation compounds into $123,885 by year five. Five-year ROI records 127.54% and total cumulative return in cash reaches $189,583. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,330/mo property income versus a $2,195/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
$25 monthly 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: N/A • JC Jackson Homes, LLC
Mls Name: JC Jackson Homes, LLC
Mls ID: #N/A