2608 Hargate Court, Wilmington, NC, 28405 | $23/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Wilmington at 2608 Hargate Court, Wilmington, NC, 28405 generates $2,366/mo in rent and, after a $1,882/mo payment, leaves $23/mo in cash flow. Total monthly income is $2,366/mo, and annual cash flow is $271/yr on $127,462 invested. Return on cash invested sits at 20.12% in year one, and rental yield is 7.38% on a $384,500 entry. Equity gained on principal adds $2,481/yr, while 5% annual appreciation builds toward $106,230 over five years. Five-year ROI reaches 103.87% and total cumulative return in cash sums $132,393. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,366/mo property income rather than buyer’s personal income.

Single Family

Built in 1991

0.28 Acres lot

$N/A/sqft

No HOA