429 Island End CourtWilmingtonNC28412
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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 429 Island End Court, Wilmington, NC, 28412 earns from $4,152/mo rent with a $4,204/mo payment. Total monthly income totals $4,152/mo. ROI tracks 15.46% on current figures, and rental yield reads 5.8% at a $859,000 purchase. Equity gained on principal adds $5,543/yr, and 5% annual appreciation supports $237,326 over five years. Five-year ROI reaches 78.85% and total cumulative return in cash sums $222,831. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,152/mo property income instead of your personal income.
Single Family
Built in 2018
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28412, Wilmington, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,383 (100%) |
| Owner Occupied HU | 12,950 (53.1%) |
| Renter Occupied HU | 9,242 (37.9%) |
| Vacant Housing Units | 2,191 ( 9.0%) |
| Median Home Value | $396,597 |
| Average Home Value | $451,674 |
Housing Distribution
Address Breakdown
Residential
23,810
Single Family
18,795
Multi-Family
5,015
Businesses
956
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Listed by: Cindy M Clayter • Intracoastal Realty Corporation
Mls Name: Hive MLS
Mls ID: #100519414