1003 E Newport PikeWilmingtonDE19804
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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
Investment property for sale in Wilmington at 1003 E Newport Pike, Wilmington, DE, 19804 uses $107,737 cash to close to unlock $1,563/yr annual cash flow and $130/mo monthly cash flow. Total monthly income runs $2,011/mo, and a $1,591/mo payment keeps the spread at $130/mo. Purchase price stands at $324,999, and rental yield measures 7.43% with $2,011/mo rent. Return on cash invested shows 21.36% in year one, and 5% annual appreciation builds toward $89,791 over five years. Five-year ROI reaches 110.12% and total cumulative return in cash records $118,645. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,011/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Single Family
Built in 1939
5,663 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19804, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,826 (100%) |
| Owner Occupied HU | 5,844 (74.7%) |
| Renter Occupied HU | 1,627 (20.8%) |
| Vacant Housing Units | 355 ( 4.5%) |
| Median Home Value | $281,986 |
| Average Home Value | $345,482 |
Housing Distribution
Address Breakdown
Residential
7,601
Single Family
6,871
Multi-Family
730
Businesses
985
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Listed by: Corey Harris • Crown Homes Real Estate
Mls Name: Bright MLS
Mls ID: #DENC2083836