1211 Crestover Rd, Wilmington, DE, 19803 | $194/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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1211 Crestover Rd, Wilmington, DE, 19803 | $194/mo Cash Flow | Ziffy

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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

Rental property for sale in Wilmington at 1211 Crestover Rd, Wilmington, DE, 19803 priced at $485,000 converts $3,000/mo rent into $194/mo cash flow after a $2,374/mo obligation. Total monthly income equals $3,000/mo, and annual cash flow totals $2,323/yr on $160,778 invested. Return on cash invested prints 21.35% in year one, and rental yield reads 7.42% against a $485,000 entry. Equity gained on principal adds $3,130/yr, while 5% annual appreciation compiles into $133,997 by year five. Five-year ROI reaches 110.07% and total cumulative return in cash sums $176,966. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,000/mo property income covering a $2,374/mo payment, not borrower’s personal income.

Single Family

Built in 1956

0.26 Acres lot

$N/A/sqft

No HOA

More details about the property

Brand New Furnace! Brand New Condenser! Brand New Hot Water Heater! Installation completed Monday, June 9th! April showers bring May flowers! Warmer weather and summer are just around the corner. This beautiful three (3) bedroom Split Level is waiting for your signature touch. As you enter into the home, immediately to your left is an ideal area for a play room, office or even additional bedroom. Proceeding through the family room, you will notice immediately the freshly painted walls, the beautiful wainscoting from wall to wall, crown molding throughout, and built-in cabinets. Moving through the family room, you enter the quaint dining room for all you family dinners and entertainment. The center piece of the main level is the addition of a larger renovated (2003) kitchen. The kitchen comes equipped with tongue and groove ceiling, oak cabinets, a kitchen island, walk-in pantry, and newer appliances. As you make you way up the stairs to the upper level of the home, you will see the continued aesthetic of the freshly painted walls, wainscoting and crown molding. Immediately to your right is a full bath with large tub/shower, with a skylight to provide the perfect tranquility. The second level provides a spacious master bedroom, with a full bathroom, with walk in shower. The two additional bedrooms offer more than adequate space, along with closet storage. In the backyard, you will find a full-sized deck, renovated in 2015, that leads out to a nicely manicured yard. This home will be perfect for entertaining family and friends for gatherings of any size. Located minutes away from shopping, restaurants, Bonsall Park, Concord Pike and Interstate 95. Don't miss out and schedule your showing today!

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