1100 Lore AveWilmingtonDE19809
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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, Wilmington, DE, 19809 listed at $129,000 pairs $987/mo rent with a $631/mo payment to leave $241/mo cash flow. Total monthly income runs $987/mo, and annual cash flow reaches $2,892/yr on $42,764 cash to close. Return on cash invested measures 26.67% in year one, and rental yield registers 9.18% at a $129,000 basis. Equity gained on principal adds $832/yr, and annual property appreciation at 5% supports $35,640 by year five. Five-year ROI tracks 138.57% and total cumulative return in cash totals $59,257. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $987/mo property income relative to a $631/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kat Pigliacampi • Patterson-Schwartz - Greenville
Mls Name: Bright MLS
Mls ID: #DENC2090470