522 S Kerr Avenue UNIT 56WilmingtonNC28403
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 522 S Kerr Avenue UNIT 56, Wilmington, NC, 28403 in Wilmington speaks for itself: 13.42% gross on a $163,500 price, generating $1,829/mo in rent and $532/mo in net income after the $735/mo debt service. DSCR 2.49, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $6,388 stacks alongside $45,172 in projected five-year appreciation and $1,506/yr in principal reduction. Projected total cumulative return: $97,525.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.4% | 5.8% |
| Monthly Cash Flow | $532 | $1,850 |
City averages based on Wilmington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,829 |
| Total Monthly Debt Service | $1,231 |
| DSCR Ratio | 1.49x |
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 1989
N/A lot
$N/A/sqft
$3,600 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 1989
N/A lot
$N/A/sqft
$3,600 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices