1100 Lovering Ave APT 100, Wilmington, DE, 19806 | 9.34% Rental Yield

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1100 Lovering Ave APT 100, Wilmington, DE, 19806 | 9.34% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

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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 1100 Lovering Ave APT 100, Wilmington, DE, 19806 offers a 9.34% rental yield on a $338,000 purchase with $2,630/mo rent. 21% in year one. Equity gained on principal adds $2,181/yr while 5% annual appreciation supports $93,383 over five years. Portfolio math shows five-year ROI at 86.44% and total cumulative return in cash at $96,854. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,630/mo property income against a $1,654/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1989

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome home to 1100 Lovering Ave. unit 100 in the prestigious Park Plaza Condominiums. This spacious 2-bedroom, 2-bathroom condo offers city living at its finest. Upon entering, you will be greeted by a welcoming foyer that flows effortlessly into the open concept living space between the kitchen, dining room and the living room. The updated kitchen features modern appliances, sleek granite countertops, tons of cabinet space and is perfect for culinary enthusiasts. The large dining room provides ample space for family meals and special occasions and transitions perfectly into the oversized living room with large floor to ceiling windows that allow for an abundance of natural light to shine through make the entire space bright and sunny. Enjoy the outdoors on your extremely private patio, an ideal spot for morning coffee, evening relaxation or hosting family and friends. For added convenience, the condo includes a full-size laundry area and free storage unit. The sizable primary bedroom with walk-in closet has its own updated bathroom and is the perfect retreat at the end of the day. An additional updated hall bathroom and substantially sized bedroom with a professionally designed closet round out the living space. Adding to its appeal, this condo is located across the street from the beautiful Brandywine Park, offering scenic walking trails and tranquil green spaces. For sports enthusiasts, nearby pickleball courts provide a great spot for friendly matches and staying active. Residents of this building also have access to a range of premium amenities, including a fitness center, in-door swimming pool, BBQ area located on the same floor as unit 100, secured private parking and an updated lobby with 24-hour staff that welcomes you and your guests. For your business needs, there is a dedicated meeting space available, perfect for remote work or private conferences. Park Plaza is blocks away from neighborhood shopping, coffee shops, restaurants and the Wilmington Train Station making travel to Phila. and NY. convenient. Don't miss out and schedule your appointment today! Professional photos to be uploaded 7/6. THIS IS A NO PET AND SMOKE FREE UNIT. The bedroom and dining room sets are also available for purchase.

Neighborhood Data

Neighborhood data shown for ZIP Code: 19806, Wilmington, DE area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,288 (100%)
Owner Occupied HU	2,978 (47.4%)
Renter Occupied HU	2,769 (44.0%)
Vacant Housing Units	541 ( 8.6%)
Median Home Value	$472,552
Average Home Value	$509,621

Housing Distribution

Address Breakdown

Residential

6,022

Single Family

2,875

Multi-Family

3,147

Businesses

440

Price History

Date	Event	Price
2024-12-04	Price change	$338,000
2024-10-29	Price change	$358,000
2024-08-22	Price change	$393,000

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
2024-01-28	N/A	N/A	N/A	N/A
2023-01-28	N/A	N/A	N/A	N/A
2022-01-28	N/A	N/A	N/A	N/A

Nearby investment properties with comparable rents

3 Bed
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2183 sft

7 Saint Tropez Ct, Newark, DE, 19702

3 Bed
1 Bath
1775 sft

40 Lyric Dr, Newark, DE, 19702

3 Bed
2 Bath
1800 sft

522 E Roosevelt Ave, New Castle, DE, 19720

3 Bed
3 Bath
1410 sft

6 Lansdown Ct, Elkton, MD, 21921

Nearby investment properties with comparable prices

2 Bed
2 Bath
1350 sft

5 Bayard Ct, Wilmington, DE, 19805

3 Bed
3 Bath
2175 sft

17 E Shetland Ct, Newark, DE, 19711

3 Bed
2 Bath
1250 sft

27 Iris Ln, Newark, DE, 19702

3 Bed
2 Bath
2357 sft

11 Glen Berne Dr, Wilmington, DE, 19804

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: Condo
Year Built: 1989
Architectural Style: Contemporary
Building Area: N/A
Living Area: 1,544 sqft
Property Condition: N/A

Features & Amenities

Heating: Central, Electric
Cooling: Central A/C, Electric
Flooring: N/A
Interior Features: N/A
Exterior Features: Lighting, Secure Storage
Parking Features: Built In, Assigned, Private, Parking Garage

Location

City: Wilmington
State: DE
Subdivision: Park Plaza
Lot Size: N/A
Lot Features: N/A
View: N/A

HOA & Fees

HOA Fee: N/A
Association Fee: N/A
Fees & Dues: N/A
Association Amenities: Elevator(s), Exercise Room, Extra Storage, Fitness Center, Meeting Room, Indoor Pool, Reserved/Assigned Parking
Association Fee Includes: Common Area Maintenance, Health Club, Maintenance Grounds, Pool(s), Sewer, Snow Removal, Trash, Water

Utilities

Utilities: N/A
Sewer: Public Sewer
Water Source: Public
Road Surface Type: N/A

School Information

Elementary School: N/A
Middle School: N/A
High School: N/A

Listed by: Donna O'neill • Patterson-Schwartz-Hockessin

Mls Name: Bright MLS

Mls Provider: Mls

Mls ID: #DENC2064258

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)

1100 Lovering Ave APT 100,Wilmington,DE,19806

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Ziffy AI Summary

Investment Highlights

More details about the property

Neighborhood Data

Housing Distribution

Housing Statistics

Housing Distribution

Address Breakdown

Price History

Tax History

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Facts & Features

General Information

Features & Amenities

Location

HOA & Fees

Utilities

School Information

1100 Lovering Ave APT 100WilmingtonDE19806