Wilmington, NC — Rental Investment Analysis
🔴WEAK— appreciation play onlyCap Rate
3.3%
Below average
Monthly Cash Flow
-$1,071
After all expenses
Price-to-Rent
16.4
Overpriced for rent
DSCR
0.52
Fails
📊 Key Metrics
- Median Home Price
- $395,536
- Average Rent (3BR)
- $2,045/mo
- Price-to-Rent Ratio
- 16.4(high)
- 1% Rule
- 0.51%(fails — need 1%+)
- Cash-on-Cash Return
- -13.3%
- Vacancy Rate
- 8.0%
📈 Market Strength
- Unemployment Rate
- 3.7%(-0.6% vs national)
- Rent Growth (YoY)
- +2.9%(national avg)
- Population Growth
- +1.95% YoY
Assumptions Used
20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance
Customize these numbers →Property Tax Rate
0.77%
of assessed value (NC avg)
Median Income
$60,516
household (NC avg)
Rent-to-Income
40.6%
Stretched
Section 8 Max Rent
$2,045/mo
3BR voucher payment
🏛️ NC Investor Climate
Landlord Friendly
7/10
State Income Tax
Has state tax
Property Tax
0.77% effective
Population Trend
+1.95% (3yr)
🏘️ Best Zip Codes in Wilmington for Investors
All Zip Codes in Wilmington
| Zip | Cap Rate | Cash Flow | Home Price | Rent (3BR) | DSCR |
|---|---|---|---|---|---|
| 28405 | 3.7% | -$840 | $375,291 | $2,060/mo | 0.58 |
| 28401 | 3.4% | -$839 | $332,508 | $1,710/mo | 0.53 |
| 28401 | 3.4% | -$839 | $332,508 | $1,710/mo | 0.53 |
| 28412 | 3.3% | -$1,005 | $396,073 | $2,030/mo | 0.52 |
| 28411 | 3.3% | -$1,201 | $465,369 | $2,360/mo | 0.52 |
| 28411 | 3.3% | -$1,201 | $465,369 | $2,360/mo | 0.52 |
| 28403 | 2.9% | -$1,137 | $395,000 | $1,860/mo | 0.46 |
| 28409 | 2.9% | -$1,514 | $514,200 | $2,380/mo | 0.45 |