40 Cashmere Ct UNIT 7WilmingtonNC28411
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 40 Cashmere Ct UNIT 7, Wilmington, NC, 28411 offers a 10.18% rental yield on a $329,990 purchase with $2,800/mo rent. Total monthly income registers $2,800/mo, and a $1,615/mo payment leaves $789/mo available for distribution. Annual cash flow reaches $9,468/yr on $109,392 to close, and return on cash invested stands at 28.56% in year one. Equity gained on principal adds $2,129/yr while 5% annual appreciation supports $91,170 over five years. Portfolio math shows five-year ROI at 149.16% and total cumulative return in cash at $163,171. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,800/mo property income against a $1,615/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28411, Wilmington, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,804 (100%) |
| Owner Occupied HU | 12,470 (66.3%) |
| Renter Occupied HU | 4,319 (23.0%) |
| Vacant Housing Units | 2,015 (10.7%) |
| Median Home Value | $420,612 |
| Average Home Value | $504,642 |
Housing Distribution
Address Breakdown
Residential
18,379
Single Family
15,573
Multi-Family
2,806
Businesses
506
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • D.R. Horton
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A