1104 Middle Sound Loop RoadWilmingtonNC28411
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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 Wilmington at 1104 Middle Sound Loop Road, Wilmington, NC, 28411 generates $2,209/mo in rent, after a $1,777/mo payment. Total monthly income is $2,209/mo. Return on cash invested sits at 19.87% in year one, and rental yield is 7.3% on a $363,000 entry. Equity gained on principal adds $2,342/yr, while 5% annual appreciation builds toward $100,290 over five years. Five-year ROI reaches 102.54% and total cumulative return in cash sums $123,387. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,209/mo property income rather than buyer’s personal income.
Single Family
Built in 1969
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28411, Wilmington, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,804 (100%) |
| Owner Occupied HU | 12,470 (66.3%) |
| Renter Occupied HU | 4,319 (23.0%) |
| Vacant Housing Units | 2,015 (10.7%) |
| Median Home Value | $420,612 |
| Average Home Value | $504,642 |
Housing Distribution
Address Breakdown
Residential
18,379
Single Family
15,573
Multi-Family
2,806
Businesses
506
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Listed by: Marissa C Cartwright • Cartwright Realty, LLC
Mls Name: Hive MLS
Mls ID: #100546287