1228 Linden StWilmingtonDE19805
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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 1228 Linden St, Wilmington, DE, 19805 uses $75,914 cash to close to unlock $10,498/yr annual cash flow and $875/mo monthly cash flow. Total monthly income runs $2,200/mo, and a $1,121/mo payment keeps the spread at $875/mo. Purchase price stands at $229,000, and rental yield measures 11.53% with $2,200/mo rent. Return on cash invested shows 33.74% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 176.48% and total cumulative return in cash records $133,973. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,200/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Single Family
Built in 1900
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19805, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,889 (100%) |
| Owner Occupied HU | 9,310 (52.0%) |
| Renter Occupied HU | 7,066 (39.5%) |
| Vacant Housing Units | 1,513 ( 8.5%) |
| Median Home Value | $254,768 |
| Average Home Value | $303,040 |
Housing Distribution
Address Breakdown
Residential
16,084
Single Family
15,078
Multi-Family
1,006
Businesses
1,054
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Listed by: Constantin Livanov • Tesla Realty Group, LLC
Mls Name: Bright MLS
Mls ID: #DENC2089530