1108 Prospect AveBellefonteDE19809
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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
Rental property for sale in Bellefonte at 1108 Prospect Ave, Bellefonte, DE, 19809 generates $2,512/mo in rent and, after a $1,957/mo payment, leaves $198/mo in cash flow. Total monthly income is $2,512/mo, and annual cash flow is $2,381/yr on $132,567 invested. Return on cash invested sits at 21.71% in year one, and rental yield is 7.54% on a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 111.96% and total cumulative return in cash sums $148,424. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,512/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
7,405 sqft 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: Daniel Devine • RE/MAX Associates-Wilmington
Mls Name: Bright MLS
Mls ID: #DENC2094778