609 Bayshore DriveWilmingtonNC28411
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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 609 Bayshore Drive, Wilmington, NC, 28411 with 5% annual appreciation on a $449,000 basis while $2,855/mo rent supports operations. Total monthly income totals $2,855/mo and a $2,198/mo payment preserves $118/mo for cash returns. Annual cash flow comes to $1,418/yr on $148,844 deployed, and return on cash invested reaches 20.86% in year one. Equity gained on principal adds $2,897/yr, and five-year appreciation sums $124,050 alongside rental yield of 7.63%. Five-year ROI measures 107.84% and total cumulative return in cash totals $160,516.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,855/mo property income versus a $2,198/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1973
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28411, Wilmington, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,804 (100%) |
| Owner Occupied HU | 12,470 (66.3%) |
| Renter Occupied HU | 4,319 (23.0%) |
| Vacant Housing Units | 2,015 (10.7%) |
| Median Home Value | $420,612 |
| Average Home Value | $504,642 |
Housing Distribution
Address Breakdown
Residential
18,379
Single Family
15,573
Multi-Family
2,806
Businesses
506
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Listed by: Scott Shapiro • RE/MAX Essential
Mls Name: Hive MLS
Mls ID: #100539150