107 Parkwood DriveWilmingtonNC28409
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
Investment Highlights
Investment property for sale in Wilmington at 107 Parkwood Drive, Wilmington, NC, 28409 at $399,000 posts ROI 30.46% with $1,163/mo cash flow from $3,595/mo rent. Total monthly income equals $3,595/mo, and annual cash flow records $13,958/yr on $132,269 to close. Return on cash invested measures 30.46% and rental yield reads 10.81% at the current $399,000. Equity gained on principal adds $2,575/yr, and 5% annual appreciation supports $110,236 by year five. Five-year ROI prints 159.33% and total cumulative return in cash totals $210,746.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,595/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1959
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28409, Wilmington, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,569 (100%) |
| Owner Occupied HU | 12,320 (79.1%) |
| Renter Occupied HU | 2,340 (15.0%) |
| Vacant Housing Units | 909 ( 5.8%) |
| Median Home Value | $457,440 |
| Average Home Value | $555,051 |
Housing Distribution
Address Breakdown
Residential
15,250
Single Family
14,274
Multi-Family
976
Businesses
125
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Listed by: Kim L Mann • EXP Realty LLC - C
Mls Name: Hive MLS
Mls ID: #100518915