2911 Spaulding Drive, Wilmington, NC, 28405 | $597/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Wilmington at 2911 Spaulding Drive, Wilmington, NC, 28405 uses $76,245 cash to close to unlock $7,164/yr annual cash flow and $597/mo monthly cash flow. Total monthly income runs $1,999/mo, and a $1,126/mo payment keeps the spread at $597/mo. Purchase price stands at $230,000, and rental yield measures 10.43% with $1,999/mo rent. Return on cash invested shows 29.31% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 153.08% and total cumulative return in cash records $116,719. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,999/mo property income covering a $1,126/mo payment rather than investor’s personal income.

Single Family

Built in 1971

7,840 sqft lot

$N/A/sqft

No HOA