1204 W 8th St, Wilmington, DE, 19806 | $917/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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1204 W 8th St, Wilmington, DE, 19806 | $917/mo Cash Flow | Ziffy

For Sale

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 1204 W 8th St, Wilmington, DE, 19806 uses $119,340 cash to close to unlock $11,004/yr annual cash flow and $917/mo monthly cash flow. Total monthly income runs $3,000/mo, and a $1,762/mo payment keeps the spread at $917/mo. Purchase price stands at $360,000, and rental yield measures 10% with $3,000/mo rent. Return on cash invested shows 29.13% in year one, and 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 151.75% and total cumulative return in cash records $181,101. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,000/mo property income covering a $1,762/mo payment rather than investor’s personal income.

Single Family

Built in 1920

1,742 sqft lot

$N/A/sqft

No HOA

More details about the property

You may qualify for assistance: a $5,000 lender grant and up to $15,000 from the City of Wilmington program. Contact the listing agent for details. Welcome to this beautifully renovated Georgian-style twin home in the sought-after Cool Spring Historic District! Top 10 Features you'll love about this home: (1) Completely Renovated and Updated - 2021 updates include fully renovated kitchen with all-new stainless steel appliances (dishwasher new 2023), stylish hardware, cabinetry, and modern fixtures; bathrooms refreshed with new cabinetry, sinks, faucets, toilets, and beautifully tiled bath; recessed lighting and newly finished floors throughout. (2) Walkable, Prime Location - Just steps to Cool Spring Park, Reservoir, Coterie Caf + Kitchen, and a short walk to Trolley Squares shopping, dining, and nightlife. (3) Move-In Ready Living Spaces - Spacious living areas, and modern finishes throughout make this home ready for immediate enjoyment. (4) Charming Outdoor Spaces - Front porch with garden bed, private fenced backyard, back deck, and terrace-style space perfect for entertaining or relaxing. (5) End-Unit Privacy - Attached on only one side, offering the feel of a detached home. (6) Second-Floor Laundry - Practical and convenient for everyday living. (7) Historic Character Meets Modern Comfort - Exposed brick walls, high ceilings, and a dual-zone HVAC system for year-round comfort. (8) Major System Updates - New roof (2018), new gas furnace (2023), new Weil-McLain boiler (2023), and new air conditioner (2022). (9) Convenient Commuting - Only a block or two from I-95 for easy access. (10) Rental Potential - Previously rented for $2,100/month, offering flexibility for homeowners or investors. Call/text listing agent, Kat Matic for more information. 3027662574

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