462 Racine Drive UNIT A203WilmingtonNC28403
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid, durable, and financeable, 462 Racine Drive UNIT A203, Wilmington, NC, 28403 in Wilmington earns a 13.72% gross yield at $127,700. Rent of $1,460/mo nets $325/mo after the $574/mo mortgage. The 2.54 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $35,281 and $1,176/yr in equity accumulation project a total cumulative return of $70,841.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.7% | 5.8% |
| Monthly Cash Flow | $325 | $1,850 |
City averages based on Wilmington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,460 |
| Total Monthly Debt Service | $1,084 |
| DSCR Ratio | 1.35x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1984
N/A lot
$N/A/sqft
$4,282 annually HOA
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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
Condo
Built in 1984
N/A lot
$N/A/sqft
$4,282 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices