1218 Milltown RdWilmingtonDE19808
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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 1218 Milltown Rd, Wilmington, DE, 19808 earns $867/mo cash flow from $3,354/mo rent with a $2,104/mo payment. Total monthly income totals $3,354/mo, and annual cash flow totals $10,400/yr on $142,512 capital. ROI tracks 27.21% on current figures, and rental yield reads 9.36% at a $429,900 purchase. Equity gained on principal adds $2,774/yr, and 5% annual appreciation supports $118,773 over five years. Five-year ROI reaches 141.45% and total cumulative return in cash sums $201,583. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,354/mo property income instead of your personal income.
Single Family
Built in 1964
0.25 Acres 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: Wendy Henderson • RE/MAX Associates-Hockessin
Mls Name: Bright MLS
Mls ID: #DENC2082274