128 Lehigh RoadWilmingtonNC28412
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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 128 Lehigh Road, Wilmington, NC, 28412 listed at $354,900 pairs $2,375/mo rent with a $1,737/mo payment to leave $212/mo cash flow. Total monthly income runs $2,375/mo, and annual cash flow reaches $2,545/yr on $117,649 cash to close. Return on cash invested measures 22.07% in year one, and rental yield registers 8.03% at a $354,900 basis. Equity gained on principal adds $2,290/yr, and annual property appreciation at 5% supports $98,052 by year five. Five-year ROI tracks 114.34% and total cumulative return in cash totals $134,524. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,375/mo property income relative to a $1,737/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1973
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28412, Wilmington, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,383 (100%) |
| Owner Occupied HU | 12,950 (53.1%) |
| Renter Occupied HU | 9,242 (37.9%) |
| Vacant Housing Units | 2,191 ( 9.0%) |
| Median Home Value | $396,597 |
| Average Home Value | $451,674 |
Housing Distribution
Address Breakdown
Residential
23,810
Single Family
18,795
Multi-Family
5,015
Businesses
956
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Listed by: Carlos L Braxton • Braxton Realty, LLC
Mls Name: Hive MLS
Mls ID: #100540059