510 Manly AvenueWilmingtonNC28405
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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
Rental property for sale in Wilmington at 510 Manly Avenue, Wilmington, NC, 28405 offers $1,513/mo rent that, after a $978/mo payment, leaves $295/mo cash flow. Total monthly income is $1,513/mo, and annual cash flow is $3,541/yr on $66,267 cash. Return on cash invested measures 25.25% in year one, and rental yield stands at 9.08% at a $199,900 entry. Equity gained on principal adds $1,290/yr while 5% annual appreciation compounds into $55,229 by year five. Five-year ROI records 131.43% and total cumulative return in cash reaches $87,097. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,513/mo property income versus a $978/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
6,098 sqft lot
$N/A/sqft
No HOA
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Listed by: The Domenico Grillo Real Estate Team • Keller Williams Innovate-Wilmington
Mls Name: Hive MLS
Mls Provider:
Mls ID: #100489439
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 2025-02-21 09:57:43 PST. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 2025-02-21 09:57:43 PST Hive MLS