WILMINGTON Plan, West New BernNew BernNC28562
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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 New Bern at WILMINGTON Plan, West New Bern, New Bern, NC, 28562 priced at $353,990 converts $3,116/mo rent into $958/mo cash flow after a $1,733/mo obligation. Total monthly income equals $3,116/mo, and annual cash flow totals $11,499/yr on $117,348 invested. Return on cash invested prints 29.71% in year one, and rental yield reads 10.56% against a $353,990 entry. Equity gained on principal adds $2,284/yr, while 5% annual appreciation compiles into $97,801 by year five. Five-year ROI reaches 155.3% and total cumulative return in cash sums $182,239. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,116/mo property income covering a $1,733/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28562, New Bern, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,840 (100%) |
| Owner Occupied HU | 12,545 (63.2%) |
| Renter Occupied HU | 5,417 (27.3%) |
| Vacant Housing Units | 1,878 ( 9.5%) |
| Median Home Value | $309,299 |
| Average Home Value | $328,109 |
Housing Distribution
Address Breakdown
Residential
19,736
Single Family
17,798
Multi-Family
1,938
Businesses
1,251
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Listed by: N/A • D.R. Horton
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A