1859 N Kerr Avenue, Wilmington, NC, 28405 | 6.4% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Wilmington at 1859 N Kerr Avenue, Wilmington, NC, 28405 generates $1,691/mo in rent, after a $1,552/mo payment. Total monthly income is $1,691/mo. Return on cash invested sits at 17.15% in year one, and rental yield is 6.4% on a $317,000 entry. Equity gained on principal adds $2,046/yr, while 5% annual appreciation builds toward $87,581 over five years. Five-year ROI reaches 87.94% and total cumulative return in cash sums $92,409. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,691/mo property income rather than buyer’s personal income.

Single Family

Built in 1969

0.45 Acres lot

$N/A/sqft

No HOA