213 White Stone PlWilmingtonNC28411
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 213 White Stone Pl, Wilmington, NC, 28411 generates $2,850/mo in rent and, after a $1,713/mo payment, leaves $717/mo in cash flow. Total monthly income is $2,850/mo, and annual cash flow is $8,604/yr on $116,025 invested. Return on cash invested sits at 27.32% in year one, and rental yield is 9.77% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 142.47% and total cumulative return in cash sums $165,302. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,850/mo property income rather than buyer’s personal income.
Townhouse
Built in N/A
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: TRACY HOLT • TRACY HOLT REALTY GROUP, LLC.
Mls Name: LPRMLS
Mls ID: #746278