737 Silver Lake RoadWilmingtonNC28412
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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 737 Silver Lake Road, Wilmington, NC, 28412 offers a 4.86% rental yield on a $459,000 purchase with $1,858/mo rent. 5% in year one. Equity gained on principal adds $2,962/yr while 5% annual appreciation supports $126,813 over five years. Portfolio math shows five-year ROI at 62.99% and total cumulative return in cash at $95,843. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,858/mo property income against a $2,247/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
0.29 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: Cisco Cardoso • Cardoso & Company
Mls Name: Hive MLS
Mls ID: #100548635