3274 Kellerton 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
Rental property for sale in Wilmington at 3274 Kellerton Place, Wilmington, NC, 28409 generates $4,384/mo in rent and, after a $2,785/mo payment, leaves $916/mo in cash flow. Total monthly income is $4,384/mo, and annual cash flow is $10,994/yr on $187,201 invested. Return on cash invested sits at 25.93% in year one, and rental yield is 9.25% on a $569,000 entry. Equity gained on principal adds $3,672/yr, while 5% annual appreciation builds toward $157,204 over five years. Five-year ROI reaches 135.01% and total cumulative return in cash sums $252,731. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,384/mo property income rather than buyer’s personal income.
Single Family
Built in 2017
6,969 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: Gary J Traflet • Living Seaside Realty Group
Mls Name: Hive MLS
Mls ID: #100551440