6671 Lemon LaneWilmingtonNC28412
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Wilmington at 6671 Lemon Lane, Wilmington, NC, 28412 generates $1,938/mo in rent, after a $1,774/mo payment. Total monthly income is $1,938/mo. Return on cash invested sits at 17.2% in year one, and rental yield is 6.42% on a $362,500 entry. Equity gained on principal adds $2,339/yr, while 5% annual appreciation builds toward $100,152 over five years. Five-year ROI reaches 88.2% and total cumulative return in cash sums $105,986. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,938/mo property income rather than buyer’s personal income.
Townhouse
Built in 2023
871.20 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Karen E Drechsel • Intracoastal Realty Corp
Mls Name: Hive MLS
Mls ID: #100546543