6016 Cedar Ridge Drive, Wilmington, NC, 28405 | 6.24% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
3 Bath
1701 sft

Riverstone Plan, Brookfield Branch, Hampstead, NC, 28443

Alpine Plan, Del Webb Wilmington at Mallory Creek

2 Bed
2 Bath
1223 sft

Alpine Plan, Del Webb Wilmington at Mallory Creek, Winnabow, NC, 28479

3 Bed
1 Bath
1242 sft

121 Camellia Drive, Rocky Point, NC, 28457

3 Bed
2 Bath
875 sft

301 Electric Lane, Hampstead, NC, 28443

Nearby investment properties with comparable prices

Wayne Plan, True Homes Build OYL - Wilmington

3 Bed
3 Bath
2656 sft

Wayne Plan, True Homes Build OYL - Wilmington, Wilmington, NC, 28403

4 Bed
3 Bath
1981 sft

Bluewater Plan, Boiling Spring Lakes, Boiling Spring Lakes, NC, 28461

4 Bed
3 Bath
1970 sft

5310 Vespar Court, Leland, NC, 28451

4 Bed
2 Bath
1775 sft

600 Coronado Ave, Leland, NC, 28451

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Wilmington at 6016 Cedar Ridge Drive, Wilmington, NC, 28405 offers a 6.24% rental yield on a $464,000 purchase with $2,411/mo rent. 66% in year one. Equity gained on principal adds $2,994/yr while 5% annual appreciation supports $128,195 over five years. Portfolio math shows five-year ROI at 85.3% and total cumulative return in cash at $131,205. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,411/mo property income against a $2,271/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1992

6,534 sqft lot

$N/A/sqft

No HOA