1100 Lovering Ave APT 406, Wilmington, DE, 19806 | $973/mo Cash Flow

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1100 Lovering Ave APT 406, Wilmington, DE, 19806 | $973/mo Cash Flow | Ziffy

Off market

Ziffy Mortgage

NMLS #2625701

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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 406, Wilmington, DE, 19806 offers a 25.2% rental yield on a $115,400 purchase with $2,423/mo rent. Total monthly income registers $2,423/mo, and a $565/mo payment leaves $973/mo available for distribution. Annual cash flow reaches $11,675/yr on $38,255 to close, and return on cash invested stands at 50.43% in year one. Equity gained on principal adds $745/yr while 5% annual appreciation supports $31,883 over five years. Portfolio math shows five-year ROI at 274.86% and total cumulative return in cash at $105,147. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,423/mo property income against a $565/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1986

N/A lot

$N/A/sqft

$537 monthly HOA

More details about the property

Park Plaza 4th floor one bedroom/den condominium residence for rent at Park Plaza Condominiums. Open great room with a den with 1359sf of condominium living. Enjoy the indoor pool, fitness room, 24 hour front desk staff, underground, secured parking and much more. Local shopping with grocery, pharmacy, coffee shops, restaurants and pubs. Showings are by appointment.

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