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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Wilmington at 1011 N Spruce St, Wilmington, DE, 19801 priced at $175,000 pairs $1,349/mo rent with $336/mo cash flow after a $857/mo payment. Total monthly income equals $1,349/mo, and annual cash flow comes to $4,032/yr on $58,013 invested. Return on cash invested is 26.86% in year one, and rental yield stands at 9.25% on a $175,000 basis. Equity gained on principal adds $1,129/yr, and 5% annual appreciation accumulates to $48,349 by year five. Five-year ROI measures 139.57% and total cumulative return in cash reaches $80,971. For financing, Ziffy Mortgage’s DSCR program evaluates $1,349/mo property income against a $857/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1900
871 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 19801, Wilmington, DE area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,816 (100%) |
| Owner Occupied HU | 2,137 (21.8%) |
| Renter Occupied HU | 6,162 (62.8%) |
| Vacant Housing Units | 1,517 (15.5%) |
| Median Home Value | $203,736 |
| Average Home Value | $246,222 |
Residential
8,168
Single Family
4,760
Multi-Family
3,408
Businesses
1,281
Date | Event | Price |
|---|---|---|
| 2025-01-27 | Price change | $175,000 |
| 2025-01-21 | Listed for sale | $180,000 |
| 2024-12-06 | Pending sale | $180,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-01-28 | $748.32 | 2.58% | $20,300 | N/A |
| 2023-01-28 | $729.52 | 1.02% | $20,300 | N/A |
| 2022-01-28 | $722.13 | 2.64% | $20,300 | N/A |
Listed by: Sebastian Orejuela-cardenas • English Realty
Mls Name: Bright MLS
Mls Provider:
Mls ID: #DENC2072712
Disclaimer: The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2025 Bright MLS, Inc. [Click here for more information](/info/mls-disclaimers/#mls_5632)
