505 Capeside DriveWilmingtonNC28412
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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 505 Capeside Drive, Wilmington, NC, 28412 with 5% annual appreciation on a $270,000 basis while $2,022/mo rent supports operations. Total monthly income totals $2,022/mo and a $1,322/mo payment preserves $376/mo for cash returns. Annual cash flow comes to $4,512/yr on $89,505 deployed, and return on cash invested reaches 24.95% in year one. Equity gained on principal adds $1,742/yr, and five-year appreciation sums $74,596 alongside rental yield of 8.99%. Five-year ROI measures 129.74% and total cumulative return in cash totals $116,125.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,022/mo property income versus a $1,322/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1995
6,969 sqft 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: John A Theodorakis • Intracoastal Realty Corp
Mls Name: Hive MLS
Mls ID: #100544409