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Desiree Sabo

Presented by Desiree Sabo

Shane Register Team · Coldwell Banker Sea Coast Advantage

Financing resources from Andrew Thomas Smith

Dream Team at Alcova Mortgage · NMLS #2779716

Andrew Thomas Smith
For saleSingle-family

614 Queen Street

Wilmington, NC 28401

$459,000

3

Beds

2

Baths

1,142

Sq ft

0.08

Acres

Schedule a showing

Restored Castle Street cottage with an established rental history

A financing path built around the property

This DSCR scenario looks at eligible rental income—not personal income—to help qualify the purchase. Existing short-term-rental history may be considered, and the home may be deeded in an LLC, subject to lender approval.

Existing rental history may be usedLLC vesting may be available

$344,250

Estimated loan amount

75% loan-to-value

$2,573

Estimated monthly payment

Includes P&I, taxes, and insurance

$2,573/mo

Rent needed for 1.00 DSCR

Subject to eligible income review

The quick math

Eligible monthly rent÷$2,573 payment=DSCR

At 1.00 DSCR, eligible rent covers the estimated monthly payment. Andrew will review the property’s actual short-term-rental statements and confirm the lender’s required ratio.

Down payment
25%
Rate / APR
6.990% / 7.198% APR
Term
30-year fixed
Cash to close
$129,086 estimated

What Andrew needs

  • Recent Airbnb, Vrbo, or property-management statements
  • Current property tax and insurance figures
  • Borrower and LLC information
Review the scenario with Andrew

Estimate based on the Encompass worksheet dated September 11, 2026. Rates, APR, payment, cash to close, eligible rental income, DSCR requirements, and LLC vesting are subject to change and final lender review. This is not a commitment to lend.

What to know

  • 2023 Historic Wilmington Foundation Preservation Award
  • Established short-term-rental history noted in the public listing
  • Original hardwood floors, antique mantels, and detailed millwork
  • Updated kitchen with custom cabinetry, granite, and stainless appliances
  • Fenced yard near Castle Street shops, cafés, galleries, and restaurants

About this home

A restored 1928 cottage in Wilmington’s Castle Street Arts & Antiques District, 614 Queen Street pairs award-winning preservation with an updated kitchen, primary suite, and fenced yard. Original hardwoods, antique mantels, ornate rim locks, and detailed millwork keep its historic character intact. The public listing notes an established Airbnb history. Ask Desiree about the home and showing availability; ask Andrew how the rental history could support DSCR financing.

View original listing on Zillow(opens in a new tab)

Photos

42 photos

Property details

Property type
Single-family
Bedrooms
3
Bathrooms
2
Living area
1,142 sqft
Year built
1928
Lot size
0.08 acres
Price / sqft
$402
County
New Hanover
Property taxes
$2,110/yr
MLS #
100595609

Location

614 Queen Street, Wilmington, NC 28401

Assigned school district
New Hanover County Schools

Verify current assignments with the district.

Nearby

Around Castle Street

  • Luna Caffè Roasters608 Castle St · Coffee and small-batch roaster
  • Rx Chicken & Oysters421 Castle St · Dinner and Sunday brunch
  • Castle Street Antique Pickers Mall509½ Castle St · Antiques and vintage finds
  • Decades of Decor606 Castle St · Furniture and home décor

Downtown Wilmington

  • Wilmington Riverwalk1.75-mile promenade along the Cape Fear River
  • Cape Fear Museum814 Market St · Local history and science exhibits
  • Historic downtownRestaurants, shops, theaters, and the riverfront

Parks & outdoors

  • Greenfield Park250 acres with a 4.8-mile paved lake loop

Nearby places are selected by the team and may not be exhaustive.

Questions about the property or financing?

Contact Desiree to schedule a showing or ask about the property. Contact Andrew for DSCR financing or LLC-vesting questions.

Call Andrew · (910) 470-3739Email Andrew

Get in touch

This message will go to Andrew, the Dream Team loan officer.