101 W 23rd St, Wilmington, DE, 19802 | $263/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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101 W 23rd St, Wilmington, DE, 19802 | $263/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Wilmington at 101 W 23rd St, Wilmington, DE, 19802 uses $43,095 cash to close to unlock $3,157/yr annual cash flow and $263/mo monthly cash flow. Total monthly income runs $1,015/mo, and a $636/mo payment keeps the spread at $263/mo. Purchase price stands at $130,000, and rental yield measures 9.37% with $1,015/mo rent. Return on cash invested shows 27.23% in year one, and 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 141.71% and total cumulative return in cash records $61,071. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,015/mo property income covering a $636/mo payment rather than investor’s personal income.

Townhouse

Built in 1900

2,614 sqft lot

$N/A/sqft

No HOA

More details about the property

***Seller has to convey property as a package with 122 W 23*** Welcome to 101 W 23rd St, a delightful 4-bedroom, 1-bathroom brick rowhouse in Wilmington, DE. This end unit offers a spacious living room, formal dining room, and a well-appointed kitchen. The basement provides ample storage space. Recent updates include gas heating, a new hot water heater, and 150 amp circuit breakers. Conveniently located near downtown Wilmington, this property is tenant-occupied, with the current tenant wishing to stay. Ideal for investors or homeowners seeking a well-maintained property. Section 8 $1200 month to month

Neighborhood Data

Neighborhood data shown for ZIP Code: 19802, Wilmington, DE area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	11,669 (100%)
Owner Occupied HU	6,054 (51.9%)
Renter Occupied HU	4,500 (38.6%)
Vacant Housing Units	1,115 ( 9.6%)
Median Home Value	$215,287
Average Home Value	$307,286