2409 Oleander DriveWilmingtonNC28403
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 2409 Oleander Drive, Wilmington, NC, 28403 priced at $795,000 converts $3,614/mo rent into after a $3,891/mo obligation. Total monthly income equals $3,614/mo. Return on cash invested prints 14.41% in year one, and rental yield reads 5.46% against a $795,000 entry. Equity gained on principal adds $5,130/yr, while 5% annual appreciation compiles into $219,644 by year five. Five-year ROI reaches 73.2% and total cumulative return in cash sums $191,446. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,614/mo property income covering a $3,891/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.32 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ross Tomaselli • Cadence Realty Corporation
Mls Name: Hive MLS
Mls Provider:
Mls ID: #100502313
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 2025-04-20 08:32:20 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. 2025-04-20 08:32:20 PDT Hive MLS