2902 Spaulding 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
Investment property for sale in Wilmington at 2902 Spaulding Drive, Wilmington, NC, 28405 earns $813/mo cash flow from $1,940/mo rent with a $905/mo payment. Total monthly income totals $1,940/mo, and annual cash flow totals $9,756/yr on $61,328 capital. ROI tracks 35.82% on current figures, and rental yield reads 12.58% at a $185,000 purchase. Equity gained on principal adds $1,194/yr, and 5% annual appreciation supports $51,112 over five years. Five-year ROI reaches 188% and total cumulative return in cash sums $115,299. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,940/mo property income instead of your personal income.
Single Family
Built in 1971
6,534 sqft lot
$N/A/sqft
No HOA
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Listed by: Bob W McCorkle • Intracoastal Realty Corp
Mls Name: Hive MLS
Mls Provider:
Mls ID: #100472824
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 2024-10-17 08:18:46 PDT. 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. 2024-10-17 08:18:46 PDT Hive MLS