Wilmington Plan, CarringtonDenverNC28037
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 Denver at Wilmington Plan, Carrington, Denver, NC, 28037 priced at $475,500 converts $3,358/mo rent into $460/mo cash flow after a $2,327/mo obligation. Total monthly income equals $3,358/mo, and annual cash flow totals $5,525/yr on $157,628 invested. Return on cash invested prints 23.41% in year one, and rental yield reads 8.47% against a $475,500 entry. Equity gained on principal adds $3,068/yr, while 5% annual appreciation compiles into $131,372 by year five. Five-year ROI reaches 121.52% and total cumulative return in cash sums $191,552. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,358/mo property income covering a $2,327/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28037, Denver, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,589 (100%) |
| Owner Occupied HU | 10,428 (76.7%) |
| Renter Occupied HU | 2,019 (14.9%) |
| Vacant Housing Units | 1,142 ( 8.4%) |
| Median Home Value | $470,635 |
| Average Home Value | $547,465 |
Housing Distribution
Address Breakdown
Residential
13,309
Single Family
12,670
Multi-Family
639
Businesses
1,164
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kristina, Kyle, Sarah, Tara, Caity, and Leslie Cha • Eastwood Homes
Mls Name: Eastwood Homes
Mls Provider:
Mls ID: #N/A