109 N 31st StWilmingtonNC28405
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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 Wilmington at 109 N 31st St, Wilmington, NC, 28405 offers a 9.16% rental yield on a $179,000 purchase with $1,366/mo rent. Total monthly income registers $1,366/mo, and a $876/mo payment leaves $275/mo available for distribution. Annual cash flow reaches $3,302/yr on $59,339 to close, and return on cash invested stands at 25.47% in year one. Equity gained on principal adds $1,155/yr while 5% annual appreciation supports $49,454 over five years. Portfolio math shows five-year ROI at 132.65% and total cumulative return in cash at $78,711. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,366/mo property income against a $876/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
4,399 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
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