550 Grande Manor Court UNIT 205WilmingtonNC28405
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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 550 Grande Manor Court UNIT 205, Wilmington, NC, 28405 offers a 6.49% rental yield on a $455,000 purchase with $2,461/mo rent. 22% in year one. Equity gained on principal adds $2,936/yr while 5% annual appreciation supports $125,708 over five years. Portfolio math shows five-year ROI at 68.35% and total cumulative return in cash at $103,096. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,461/mo property income against a $2,227/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2005
N/A lot
$N/A/sqft
$6,348 annually HOA
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Listed by: Allyson M Pittman • BlueCoast Realty Corporation
Mls Name: Hive MLS
Mls Provider:
Mls ID: #100481615
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 10:27:45 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 10:27:45 PST Hive MLS