6304 Lenoir DriveWilmingtonNC28412
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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 6304 Lenoir Drive, Wilmington, NC, 28412 earns $409/mo cash flow from $2,846/mo rent with a $1,957/mo payment. Total monthly income totals $2,846/mo, and annual cash flow totals $4,909/yr on $132,567 capital. ROI tracks 23.61% on current figures, and rental yield reads 8.54% at a $399,900 purchase. Equity gained on principal adds $2,580/yr, and 5% annual appreciation supports $110,485 over five years. Five-year ROI reaches 122.61% and total cumulative return in cash sums $162,536. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,846/mo property income instead of your personal income.
Single Family
Built in 2003
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28412, Wilmington, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,383 (100%) |
| Owner Occupied HU | 12,950 (53.1%) |
| Renter Occupied HU | 9,242 (37.9%) |
| Vacant Housing Units | 2,191 ( 9.0%) |
| Median Home Value | $396,597 |
| Average Home Value | $451,674 |
Housing Distribution
Address Breakdown
Residential
23,810
Single Family
18,795
Multi-Family
5,015
Businesses
956
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Listed by: Rainey E Wallace • Intracoastal Realty Corp
Mls Name: Hive MLS
Mls ID: #100539988