119 Covil Avenue Unit 202,Wilmington,NC,28403

Investment Highlights

Investment property for sale in Wilmington at 119 Covil Avenue Unit 202, Wilmington, NC, 28403 offers a 7.34% rental yield on a $236,000 purchase with $1,444/mo rent. Total monthly income registers $1,444/mo, and a $1,155/mo payment leaves $6/mo available for distribution. Annual cash flow reaches $70/yr on $78,234 to close, and return on cash invested stands at 20% in year one. Equity gained on principal adds $1,523/yr while 5% annual appreciation supports $65,202 over five years. Portfolio math shows five-year ROI at 103.21% and total cumulative return in cash at $80,742. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,444/mo property income against a $1,155/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.