209 Wallington RoadWilmingtonNC28409
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 209 Wallington Road, Wilmington, NC, 28409 priced at $290,000 pairs $1,844/mo rent with $77/mo cash flow after a $1,419/mo payment. Total monthly income equals $1,844/mo, and annual cash flow comes to $924/yr on $96,135 invested. Return on cash invested is 20.87% in year one, and rental yield stands at 7.63% on a $290,000 basis. Equity gained on principal adds $1,871/yr, and 5% annual appreciation accumulates to $80,122 by year five. Five-year ROI measures 107.85% and total cumulative return in cash reaches $103,684. For financing, Ziffy Mortgage’s DSCR program evaluates $1,844/mo property income against a $1,419/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1972
10,454 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Caleb D Courtney • Keller Williams Innovate-Wilmington
Mls Name: Hive MLS
Mls ID: #100548547