431 Sugar Cove RunWilmingtonNC28411
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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 431 Sugar Cove Run, Wilmington, NC, 28411 uses $279,650 cash to close to unlock $6,672/yr annual cash flow and $556/mo monthly cash flow. Total monthly income runs $5,736/mo, and a $4,160/mo payment keeps the spread at $556/mo. Purchase price stands at $850,000, and rental yield measures 8.1% with $5,736/mo rent. Return on cash invested shows 22.45% in year one, and 5% annual appreciation builds toward $234,839 over five years. Five-year ROI reaches 116.28% and total cumulative return in cash records $325,186. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,736/mo property income covering a $4,160/mo payment rather than investor’s personal income.
Single Family
Built in 2022
9,147 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
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Listed by: Molly White • Coastal Realty Associates LLC
Mls Name: Hive MLS
Mls ID: #100526198