1243 Ipswich 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
Investment property for sale in Wilmington at 1243 Ipswich Dr, Wilmington, DE, 19808 earns $575/mo cash flow from $2,890/mo rent with a $1,958/mo payment. Total monthly income totals $2,890/mo, and annual cash flow totals $6,904/yr on $132,600 capital. ROI tracks 25.12% on current figures, and rental yield reads 8.67% at a $400,000 purchase. Equity gained on principal adds $2,581/yr, and 5% annual appreciation supports $110,513 over five years. Five-year ROI reaches 130.25% and total cumulative return in cash sums $172,708. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,890/mo property income instead of your personal income.
Single Family
Built in 1958
8,276 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: Paul Enderle • Long & Foster Real Estate, Inc.
Mls Name: Bright MLS
Mls ID: #DENC2090062