1100 Lore Ave APT 509WilmingtonDE19809
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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 1100 Lore Ave APT 509, Wilmington, DE, 19809 offers a 9.1% rental yield on a $129,000 purchase with $978/mo rent. Total monthly income registers $978/mo, and a $631/mo payment leaves $232/mo available for distribution. Annual cash flow reaches $2,784/yr on $42,764 to close, and return on cash invested stands at 26.42% in year one. Equity gained on principal adds $832/yr while 5% annual appreciation supports $35,640 over five years. Portfolio math shows five-year ROI at 137.19% and total cumulative return in cash at $58,669. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $978/mo property income against a $631/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1969
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19809, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,838 (100%) |
| Owner Occupied HU | 4,754 (69.5%) |
| Renter Occupied HU | 1,772 (25.9%) |
| Vacant Housing Units | 312 ( 4.6%) |
| Median Home Value | $365,197 |
| Average Home Value | $381,712 |
Housing Distribution
Address Breakdown
Residential
6,625
Single Family
5,387
Multi-Family
1,238
Businesses
637
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Listed by: Kat Pigliacampi • Patterson-Schwartz - Greenville
Mls Name: Bright MLS
Mls ID: #DENC2090470