233 Racine Drive UNIT 89WilmingtonNC28403
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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 233 Racine Drive UNIT 89, Wilmington, NC, 28403 generates $2,610/mo in rent, after a $1,982/mo payment. Total monthly income is $2,610/mo. Return on cash invested sits at 18.05% in year one, and rental yield is 7.73% on a $405,000 entry. Equity gained on principal adds $2,613/yr, while 5% annual appreciation builds toward $111,894 over five years. Five-year ROI reaches 93.87% and total cumulative return in cash sums $126,026. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,610/mo property income rather than buyer’s personal income.
Townhouse
Built in 1996
2,613 sqft lot
$N/A/sqft
$4,200 annually HOA
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Listed by: Jennifer Richardson Real Estate • Berkshire Hathaway HomeServices Carolina Premier Properties
Mls Name: Hive MLS
Mls Provider:
Mls ID: #100475095
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 2024-10-17 08:18:46 PDT. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 2024-10-17 08:18:46 PDT Hive MLS