105 Christina Lndg APT 1108WilmingtonDE19808
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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 105 Christina Lndg APT 1108, Wilmington, DE, 19808 uses $114,368 cash to close to unlock $5,081/yr annual cash flow and $423/mo monthly cash flow. Total monthly income runs $2,420/mo, and a $1,689/mo payment keeps the spread at $423/mo. Purchase price stands at $345,000, and rental yield measures 8.42% with $2,420/mo rent. Return on cash invested shows 24.35% in year one, and 5% annual appreciation builds toward $95,317 over five years. Five-year ROI reaches 126.15% and total cumulative return in cash records $144,280. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,420/mo property income covering a $1,689/mo payment rather than investor’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19808, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,494 (100%) |
| Owner Occupied HU | 13,153 (79.7%) |
| Renter Occupied HU | 2,708 (16.4%) |
| Vacant Housing Units | 633 ( 3.8%) |
| Median Home Value | $373,988 |
| Average Home Value | $392,522 |
Housing Distribution
Address Breakdown
Residential
16,525
Single Family
14,994
Multi-Family
1,531
Businesses
1,118
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Listed by: VETA MCCARTHER • VRA Realty
Mls Name: Bright MLS
Mls ID: #DENC2096566