213 Spartan Rd,Wilmington,NC,28405

Investment Highlights

Rental property for sale in Wilmington at 213 Spartan Rd, Wilmington, NC, 28405 generates $3,928/mo in rent and, after a $2,932/mo payment, leaves $277/mo in cash flow. Total monthly income is $3,928/mo, and annual cash flow is $3,326/yr on $197,071 invested. Return on cash invested sits at 21.75% in year one, and rental yield is 7.87% on a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 112.56% and total cumulative return in cash sums $221,818. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,928/mo property income rather than buyer’s personal income.