413 Point View 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 413 Point View Court, Wilmington, NC, 28411 priced at $377,000 converts $2,726/mo rent into $429/mo cash flow after a $1,845/mo obligation. Total monthly income equals $2,726/mo, and annual cash flow totals $5,143/yr on $124,976 invested. Return on cash invested prints 24.02% in year one, and rental yield reads 8.68% against a $377,000 entry. Equity gained on principal adds $2,433/yr, while 5% annual appreciation compiles into $104,158 by year five. Five-year ROI reaches 124.78% and total cumulative return in cash sums $155,947. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,726/mo property income covering a $1,845/mo payment, not borrower’s personal income.
Single Family
Built in 2002
7,840 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: Monic Crider • Crider & Johnson Realty LLC
Mls Name: Hive MLS
Mls ID: #100534682