2627 Jolly Boat CourtWilmingtonNC28411
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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
Investment property for sale in Wilmington at 2627 Jolly Boat Court, Wilmington, NC, 28411 uses $120,169 cash to close to unlock $10,416/yr annual cash flow and $868/mo monthly cash flow. Total monthly income runs $3,077/mo, and a $1,774/mo payment keeps the spread at $868/mo. Purchase price stands at $362,500, and rental yield measures 10.19% with $3,077/mo rent. Return on cash invested shows 28.58% in year one, and 5% annual appreciation builds toward $100,152 over five years. Five-year ROI reaches 149.19% and total cumulative return in cash records $179,282. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,077/mo property income covering a $1,774/mo payment rather than investor’s personal income.
Single Family
Built in 2006
0.42 Acres 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
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Listed by: Team KBT Realty • Keller Williams Innovate-KBT
Mls Name: Hive MLS
Mls ID: #100523974