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$315,000

For Sale - Active
4600 Weybridge Ln, Wilmington, NC 28409
3 Beds
2 Baths
1,298 Square Feet
0.21 Acres Lot
Built in 1992
For Sale - Active
Units n/a
Checked: 22 hours ago
Updated: Jun 20, 2025 at 03:26AM

Investment Summary


Monthly Cash Flow
-$407
Cap Rate
4.7%
Cash-on-Cash Return
-6.7%
Debt Coverage Ratio
0.75
Internal Rate of Return (5 years)
-2.5%

Property Description


0.21 Acres Lot
Built in 1992
For Sale - Active
Units n/a

Welcome home! This charming 3-bedroom house offers a cozy and comfortable living space perfect for a small family or those looking for a peaceful retreat. Inside, you'll find a bright and airy open-plan living area that creates a welcoming atmosphere. The real gem of this property is the lovely, large backyard. This is a perfect area for outdoor activities or simply relaxing on a sunny afternoon. Whether you're hosting a barbecue, gardening, or enjoying quiet moments, the backyard offers a private escape with room for creativity. The house combines comfort with functionality, making it a perfect place to call home. Fox Run Farms has a community pool, tennis court, playground, and Boat/RV parking. (Confirm Boat/RV storage availability.) With close proximity to shops, grocery stores, and restaurants, this is a prime location. Come see this home and make it yours today!

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Location


Property Details


Parking

  • Description: Concrete, Off Street
  • Details: Concrete, Off Street
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Foundation: Slab
  • Roof Material: Shingle

HOA

  • Has HOA: Yes
  • Association: Preistley Property Management
  • HOA Fee: $600/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: R07106008001000
  • Lot Size: 9278 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1992

Tax Information

  • Annual Tax: $1,042

Utilities

  • Water & Sewer: Public
  • Heating: Electric, Heat Pump
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: New Hanover

Listing Details


Listed by:
Chris Lopata
Sea Glass Wilmington
(910) 685-5855

Source:
Hive MLS (North Carolina Regional)
MLS#: 100494831
Hive MLS (North Carolina Regional)

Investment Summary


Monthly Cash Flow
-$407
Cap Rate
4.7%
Cash-on-Cash Return
-6.7%
Debt Coverage Ratio
0.75
Internal Rate of Return (5 years)
-2.5%

Purchase Details

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Purchase price:
$315,000
Amount financed:
-$252,000
Down payment:
$63,000
Closing costs:
$9,450
Rehab costs:
$0
Initial cash invested:
$72,450
Square feet:
1,298
Cost per square foot:
$243
Monthly rent per square foot:
$1.54

Financing Details

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Loan amount:
$252,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$1,650
Property tax:
$87
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,877

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (4%)
4%-$87-$1,042
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (3%)
3%-$50-$600
Total operating expenses: (32%)
32%-$637-$7,642

Cash Flow


Monthly Yearly
Net operating income:
$1,243 $14,916
Mortgage payments:
-$1,650 -$19,800
Cash flow:
$407 $4,884