3109 Rachel PlaceWilmingtonNC28409
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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 3109 Rachel Place, Wilmington, NC, 28409 offers a 7.38% rental yield on a $540,000 purchase with $3,319/mo rent. Total monthly income registers $3,319/mo, and a $2,643/mo payment leaves $28/mo available for distribution. Annual cash flow reaches $336/yr on $177,660 to close, and return on cash invested stands at 20.25% in year one. Equity gained on principal adds $3,485/yr while 5% annual appreciation supports $149,192 over five years. Portfolio math shows five-year ROI at 104.5% and total cumulative return in cash at $185,654. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,319/mo property income against a $2,643/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28409, Wilmington, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,569 (100%) |
| Owner Occupied HU | 12,320 (79.1%) |
| Renter Occupied HU | 2,340 (15.0%) |
| Vacant Housing Units | 909 ( 5.8%) |
| Median Home Value | $457,440 |
| Average Home Value | $555,051 |
Housing Distribution
Address Breakdown
Residential
15,250
Single Family
14,274
Multi-Family
976
Businesses
125
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Listed by: Wendy D Rhodes • Coldwell Banker Sea Coast Advantage
Mls Name: Hive MLS
Mls ID: #100535369