403 Westridge CourtWilmingtonNC28411
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
Rental property for sale in Wilmington at 403 Westridge Court, Wilmington, NC, 28411 priced at $320,000 pairs $1,964/mo rent with $14/mo cash flow after a $1,566/mo payment. Total monthly income equals $1,964/mo, and annual cash flow comes to $168/yr on $106,080 invested. Return on cash invested is 20.07% in year one, and rental yield stands at 7.36% on a $320,000 basis. Equity gained on principal adds $2,065/yr, and 5% annual appreciation accumulates to $88,410 by year five. Five-year ROI measures 103.57% and total cumulative return in cash reaches $109,863. For financing, Ziffy Mortgage’s DSCR program evaluates $1,964/mo property income against a $1,566/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1999
8,276 sqft 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: Sean D McDonnell • REAL Broker LLC
Mls Name: Hive MLS
Mls ID: #100546767