719 Melba Court UNIT IWilmingtonNC28405
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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 719 Melba Court UNIT I, Wilmington, NC, 28405 with 5% annual appreciation on a $230,000 basis while $1,937/mo rent supports operations. Total monthly income totals $1,937/mo and a $1,126/mo payment preserves $260/mo for cash returns. Annual cash flow comes to $3,120/yr on $76,245 deployed, and return on cash invested reaches 24% in year one. Equity gained on principal adds $1,484/yr, and five-year appreciation sums $63,545 alongside rental yield of 10.11%. Five-year ROI measures 126.23% and total cumulative return in cash totals $96,247.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,937/mo property income versus a $1,126/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1996
N/A lot
$N/A/sqft
$3,300 annually HOA
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Listed by: Jim Adams • Intracoastal Realty Corp
Mls Name: Hive MLS
Mls Provider:
Mls ID: #100483386
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 2025-02-21 10:27:45 PST. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 2025-02-21 10:27:45 PST Hive MLS