6404 Shire LaneWilmingtonNC28411
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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 6404 Shire Lane, Wilmington, NC, 28411 listed at $500,000 pairs $3,420/mo rent with a $2,447/mo payment to leave $373/mo cash flow. Total monthly income runs $3,420/mo, and annual cash flow reaches $4,476/yr on $165,750 cash to close. Return on cash invested measures 22.61% in year one, and rental yield registers 8.21% at a $500,000 basis. Equity gained on principal adds $3,226/yr, and annual property appreciation at 5% supports $138,141 by year five. Five-year ROI tracks 117.2% and total cumulative return in cash totals $194,252. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,420/mo property income relative to a $2,447/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2001
0.26 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: Caroline Dugas • Living Seaside Realty Group
Mls Name: Hive MLS
Mls ID: #100533464