1211 Elderon DrWilmingtonDE19808
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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 1211 Elderon Dr, Wilmington, DE, 19808 generates $2,922/mo in rent and, after a $2,203/mo payment, leaves $318/mo in cash flow. Total monthly income is $2,922/mo, and annual cash flow is $3,813/yr on $149,175 invested. Return on cash invested sits at 22.47% in year one, and rental yield is 7.79% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 116.02% and total cumulative return in cash sums $173,070. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,922/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
9,375 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19808, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,494 (100%) |
| Owner Occupied HU | 13,153 (79.7%) |
| Renter Occupied HU | 2,708 (16.4%) |
| Vacant Housing Units | 633 ( 3.8%) |
| Median Home Value | $373,988 |
| Average Home Value | $392,522 |
Housing Distribution
Address Breakdown
Residential
16,525
Single Family
14,994
Multi-Family
1,531
Businesses
1,118
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Listed by: Julie Spagnolo • Northrop Realty
Mls Name: Bright MLS
Mls ID: #DENC2096140