1118 N 7th Street is a from-the-studs new build in the Brooklyn Arts District — modern finishes, a real front porch, and downtown Wilmington’s restaurants, riverfront, and music venues just minutes away.
Delivering for a September 2026 completion, it reads two ways at once. As a residence, it is low-maintenance, light-filled, and finished in a calm modern palette. As an investment, its walkable downtown location and turnkey condition make it a standout short-term rental. Either way, the work is done for you — no renovation, no deferred maintenance, just move in.
Wilmington is one of the Southeast’s strongest coastal-tourism rental markets, and short-term rental is fully allowed here. Drag the sliders below to model the whole picture — rental income, operating expenses, and financing — down to an estimated cash-on-cash return.
Taxes: New Hanover County 0.306¢ + City of Wilmington 0.3315¢ = $0.6375 per $100 of value, on the $424,900 list price.
IRR (internal rate of return) is the annualized return that accounts for every dollar in and out — your down payment, each year’s cash flow, the year-one tax savings, and the net proceeds when the property is sold.
*Hypothetical illustration only — not tax, legal, or investment advice, and not a guarantee. Appreciation, income-tax, recapture, capital-gains, and selling-cost inputs are assumptions you set; the appreciation rate is a projection, not a promise. Each year’s income tax is estimated net of remaining depreciation and mortgage interest (a negative figure means a further loss/savings), which assumes you can use rental losses — e.g. short-term-rental material participation or Real Estate Professional status. Cash invested is the down payment plus upfront furnishing and closing costs. Furniture is itself bonus-depreciable but is not modeled in the depreciation figures here. Accurate depreciation figures require an actual cost segregation study. Consult your CPA before relying on any of this.
Figures are projections based on third-party market data for comparable Wilmington short-term rentals and represent a strong-performance scenario, not a guarantee of income. Actual results depend on furnishing, management, seasonality, and market conditions.
Every system in this brand-new home is covered by the builder’s warranty — structural, mechanical, and workmanship. No aging roof, no surprise repairs, no deferred maintenance. Just move in with the coverage in writing.
View the Rolina Homes warranty →1118 N 7th is under construction now for a fall delivery. The finished photographs below are the builder’s completed model of the same plan, so you can see exactly how the home comes together.
The first floor runs open from front to back — living, dining, and kitchen in one bright volume with wide-plank LVP throughout and craftsman-style trim. Big windows on multiple sides keep it sun-filled all day, and a center island anchors the whole space.
Shaker cabinetry, white quartz counters, a full subway-tile backsplash, and a stainless appliance suite — refrigerator already included — frame a center island with seating. (Photos show the builder’s completed model; 1118’s cabinets will be finished in white.)
The upstairs primary carries a vaulted ceiling and a wall of light. Its en-suite is finished in the same modern palette — a double vanity under quartz, framed mirrors, and a fully tiled walk-in shower.
A look through the plan as the builder’s completed model — the same layout and finishes coming to 1118 N 7th this fall.
1118 N 7th sits on Wilmington’s Northside, in the Brooklyn Arts District — a short walk or quick drive from the Cape Fear riverfront, the restaurants and live music of downtown, and everything that makes Wilmington one of the coast’s most-visited towns. Wrightsville Beach is about fifteen minutes east.
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Broker · Ivester Jackson Coastal · Christie’s International Real Estate
Marshall represents 1118 N 7th Street and works the Wilmington market daily — from downtown infill to the coast. Reach out for a private showing, the full disclosure package, or to talk through the numbers as a rental.