1128 Conrad StWilmingtonDE19805
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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 1128 Conrad St, Wilmington, DE, 19805 at $145,000 posts ROI 27.47% with $303/mo cash flow from $1,142/mo rent. Total monthly income equals $1,142/mo, and annual cash flow records $3,633/yr on $48,068 to close. Return on cash invested measures 27.47% and rental yield reads 9.45% at the current $145,000. Equity gained on principal adds $936/yr, and 5% annual appreciation supports $40,061 by year five. Five-year ROI prints 142.84% and total cumulative return in cash totals $68,660.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,142/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
871 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19805, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,889 (100%) |
| Owner Occupied HU | 9,310 (52.0%) |
| Renter Occupied HU | 7,066 (39.5%) |
| Vacant Housing Units | 1,513 ( 8.5%) |
| Median Home Value | $254,768 |
| Average Home Value | $303,040 |
Housing Distribution
Address Breakdown
Residential
16,084
Single Family
15,078
Multi-Family
1,006
Businesses
1,054
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Listed by: Matt Kalogeras • Houwzer
Mls Name: Bright MLS
Mls ID: #DENC2087772