310 N Wallace Ave,Wilmington,NC,28403

Investment Highlights

Investment property for sale in Wilmington at 310 N Wallace Ave, Wilmington, NC, 28403 listed at $419,000 pairs $2,820/mo rent with a $2,051/mo payment to leave $266/mo cash flow. Total monthly income runs $2,820/mo, and annual cash flow reaches $3,194/yr on $138,899 cash to close. Return on cash invested measures 22.21% in year one, and rental yield registers 8.08% at a $419,000 basis. Equity gained on principal adds $2,704/yr, and annual property appreciation at 5% supports $115,762 by year five. Five-year ROI tracks 115.08% and total cumulative return in cash totals $159,845. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,820/mo property income relative to a $2,051/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).