2806 Penn StWilmingtonNC28412
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
Investment property for sale in Wilmington at 2806 Penn St, Wilmington, NC, 28412 earns from $1,384/mo rent with a $1,419/mo payment. Total monthly income totals $1,384/mo. ROI tracks 15.13% on current figures, and rental yield reads 5.73% at a $289,995 purchase. Equity gained on principal adds $1,871/yr, and 5% annual appreciation supports $80,120 over five years. Five-year ROI reaches 77.06% and total cumulative return in cash sums $74,079. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,384/mo property income instead of your personal income.
Multi Family
Built in 1942
8,276 sqft 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
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Nearby investment properties with comparable prices
Listed by: Sheri Gregory • Top Brokerage LLC
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10099060
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