5901 Misty Morning LaneWilmingtonNC28409
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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
Total monthly income runs $1,236/mo, and a $1,121/mo payment. Purchase price stands at $229,000, and rental yield measures 6.48% with $1,236/mo rent. Return on cash invested shows 17.38% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 89.21% and total cumulative return in cash records $67,721. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,236/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Manufactured
Built in 1990
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28409, Wilmington, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,569 (100%) |
| Owner Occupied HU | 12,320 (79.1%) |
| Renter Occupied HU | 2,340 (15.0%) |
| Vacant Housing Units | 909 ( 5.8%) |
| Median Home Value | $457,440 |
| Average Home Value | $555,051 |
Housing Distribution
Address Breakdown
Residential
15,250
Single Family
14,274
Multi-Family
976
Businesses
125
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Listed by: Cisco Cardoso • Cardoso & Company
Mls Name: Hive MLS
Mls ID: #100546190