116 Landis Way NWilmingtonDE19803
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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 Wilmington at 116 Landis Way N, Wilmington, DE, 19803 priced at $629,900 converts $3,433/mo rent into after a $3,083/mo obligation. Total monthly income equals $3,433/mo. Return on cash invested prints 18.83% in year one, and rental yield reads 6.54% against a $629,900 entry. Equity gained on principal adds $4,065/yr, while 5% annual appreciation compiles into $174,030 by year five. Five-year ROI reaches 96.52% and total cumulative return in cash sums $200,031. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,433/mo property income covering a $3,083/mo payment, not borrower’s personal income.
Townhouse
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19803, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,191 (100%) |
| Owner Occupied HU | 8,044 (87.5%) |
| Renter Occupied HU | 906 ( 9.9%) |
| Vacant Housing Units | 241 ( 2.6%) |
| Median Home Value | $469,463 |
| Average Home Value | $506,244 |
Housing Distribution
Address Breakdown
Residential
8,888
Single Family
8,244
Multi-Family
644
Businesses
985
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Listed by: Victoria Dickinson • Patterson-Schwartz - Greenville
Mls Name: Bright MLS
Mls ID: #DENC2091830