DELANEY Plan, The Cottages at Blake FarmWilmingtonNC28411
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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
Rental property for sale in Wilmington at DELANEY Plan, The Cottages at Blake Farm, Wilmington, NC, 28411 priced at $298,490 converts $1,740/mo rent into after a $1,461/mo obligation. Total monthly income equals $1,740/mo. Return on cash invested prints 18.95% in year one, and rental yield reads 7% against a $298,490 entry. Equity gained on principal adds $1,926/yr, while 5% annual appreciation compiles into $82,467 by year five. Five-year ROI reaches 97.57% and total cumulative return in cash sums $96,546. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,740/mo property income covering a $1,461/mo payment, not borrower’s personal income.
Single Family
Built in 2024
N/A 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: Blake Farm • D.R. Horton - Wilmington
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A