2610 Legend DriveWilmingtonNC28405
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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 2610 Legend Drive, Wilmington, NC, 28405 priced at $312,700 converts $2,245/mo rent into $292/mo cash flow after a $1,531/mo obligation. Total monthly income equals $2,245/mo, and annual cash flow totals $3,505/yr on $103,660 invested. Return on cash invested prints 23.29% in year one, and rental yield reads 8.62% against a $312,700 entry. Equity gained on principal adds $2,018/yr, while 5% annual appreciation compiles into $86,393 by year five. Five-year ROI reaches 121.09% and total cumulative return in cash sums $125,523. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,245/mo property income covering a $1,531/mo payment, not borrower’s personal income.
Single Family
Built in 1996
0.26 Acres lot
$N/A/sqft
$560 annually HOA
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Listed by: Trang Nguyen • Coastal Properties
Mls Name: Hive MLS
Mls Provider:
Mls ID: #100488355
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 2025-02-21 09:57:43 PST. 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. 2025-02-21 09:57:43 PST Hive MLS