207 Olde Well 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 207 Olde Well Loop Road, Wilmington, NC, 28411 priced at $369,000 converts $2,237/mo rent into after a $1,806/mo obligation. Total monthly income equals $2,237/mo. Return on cash invested prints 19.79% in year one, and rental yield reads 7.27% against a $369,000 entry. Equity gained on principal adds $2,381/yr, while 5% annual appreciation compiles into $101,948 by year five. Five-year ROI reaches 102.12% and total cumulative return in cash sums $124,911. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,237/mo property income covering a $1,806/mo payment, not borrower’s personal income.
Single Family
Built in 2000
8,712 sqft 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: Nicole N Valentine • Intracoastal Realty Corp
Mls Name: Hive MLS
Mls ID: #100547171