116 Kelly RoadWilmingtonNC28409
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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 116 Kelly Road, Wilmington, NC, 28409 offers $3,568/mo rent that, after a $2,816/mo payment, leaves $62/mo cash flow. Total monthly income is $3,568/mo, and annual cash flow is $738/yr on $189,307 cash. Return on cash invested measures 20.45% in year one, and rental yield stands at 7.44% at a $575,400 entry. Equity gained on principal adds $3,713/yr while 5% annual appreciation compounds into $158,972 by year five. Five-year ROI records 105.59% and total cumulative return in cash reaches $199,888. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,568/mo property income versus a $2,816/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
0.54 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: Richard G Morgan • Clear Blue Real Estate, LLC
Mls Name: Hive MLS
Mls ID: #100545586