2738 S 17th Street Apt CWilmingtonNC28412
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 2738 S 17th Street Apt C, Wilmington, NC, 28412 generates $1,500/mo in rent and, after a $979/mo payment, leaves $281/mo in cash flow. Total monthly income is $1,500/mo, and annual cash flow is $3,372/yr on $66,300 invested. Return on cash invested sits at 24.99% in year one, and rental yield is 9% on a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 129.97% and total cumulative return in cash sums $86,168. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,500/mo property income rather than buyer’s personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28412, Wilmington, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,383 (100%) |
| Owner Occupied HU | 12,950 (53.1%) |
| Renter Occupied HU | 9,242 (37.9%) |
| Vacant Housing Units | 2,191 ( 9.0%) |
| Median Home Value | $396,597 |
| Average Home Value | $451,674 |
Housing Distribution
Address Breakdown
Residential
23,810
Single Family
18,795
Multi-Family
5,015
Businesses
956
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Todd Bryant • 1st Class Real Estate Coastal Choice
Mls Name: Hive MLS
Mls ID: #100547107