264 Shannon DriveWilmingtonNC28409
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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 264 Shannon Drive, Wilmington, NC, 28409 with 5% annual appreciation on a $1,650,000 basis while $5,300/mo rent supports operations. 69% in year one. Equity gained on principal adds $10,647/yr, and five-year appreciation sums $455,865 alongside rental yield of 3.85%. Five-year ROI measures 47.83% and total cumulative return in cash totals $255,725. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,300/mo property income versus a $8,076/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2008
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28409, Wilmington, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,569 (100%) |
| Owner Occupied HU | 12,320 (79.1%) |
| Renter Occupied HU | 2,340 (15.0%) |
| Vacant Housing Units | 909 ( 5.8%) |
| Median Home Value | $457,440 |
| Average Home Value | $555,051 |
Housing Distribution
Address Breakdown
Residential
15,250
Single Family
14,274
Multi-Family
976
Businesses
125
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Listed by: Lon C Edwards • Worsley Real Estate Company
Mls Name: Hive MLS
Mls ID: #100537331