42 Cashmere Ct UNIT 8WilmingtonNC28411
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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 42 Cashmere Ct UNIT 8, Wilmington, NC, 28411 listed at $332,140 pairs $2,800/mo rent with a $1,626/mo payment to leave $775/mo cash flow. Total monthly income runs $2,800/mo, and annual cash flow reaches $9,305/yr on $110,104 cash to close. Return on cash invested measures 28.36% in year one, and rental yield registers 10.12% at a $332,140 basis. Equity gained on principal adds $2,143/yr, and annual property appreciation at 5% supports $91,764 by year five. Five-year ROI tracks 148.05% and total cumulative return in cash totals $163,007. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,800/mo property income relative to a $1,626/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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
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Listed by: N/A • D.R. Horton
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A