7108 Thurgood RoadWilmingtonNC28411
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
Investment property for sale in Wilmington at 7108 Thurgood Road, Wilmington, NC, 28411 uses $104,910 cash to close to unlock $603/yr annual cash flow and $50/mo monthly cash flow. Total monthly income runs $1,979/mo, and a $1,549/mo payment keeps the spread at $50/mo. Purchase price stands at $316,470, and rental yield measures 7.5% with $1,979/mo rent. Return on cash invested shows 20.48% in year one, and 5% annual appreciation builds toward $87,435 over five years. Five-year ROI reaches 105.83% and total cumulative return in cash records $111,023. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,979/mo property income covering a $1,549/mo payment rather than investor’s personal income.
Single Family
Built in 2001
9,147 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Noel M Rao • Blue Heron Real Estate
Mls Name: Hive MLS
Mls ID: #100524280