518 Wright StreetWilmingtonNC28401
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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 518 Wright Street, Wilmington, NC, 28401 listed at $330,000 pairs $2,035/mo rent with a $1,615/mo payment to leave $24/mo cash flow. Total monthly income runs $2,035/mo, and annual cash flow reaches $288/yr on $109,395 cash to close. Return on cash invested measures 20.17% in year one, and rental yield registers 7.4% at a $330,000 basis. Equity gained on principal adds $2,129/yr, and annual property appreciation at 5% supports $91,173 by year five. Five-year ROI tracks 104.11% and total cumulative return in cash totals $113,891. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,035/mo property income relative to a $1,615/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1910
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28401, Wilmington, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,193 (100%) |
| Owner Occupied HU | 4,617 (32.5%) |
| Renter Occupied HU | 7,604 (53.6%) |
| Vacant Housing Units | 1,972 (13.9%) |
| Median Home Value | $339,503 |
| Average Home Value | $385,916 |
Housing Distribution
Address Breakdown
Residential
13,488
Single Family
10,693
Multi-Family
2,795
Businesses
2,213
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Listed by: Trina Thomas Team • Keller Williams Innovate-Wilmington
Mls Name: Hive MLS
Mls ID: #100548856