13 S Rodney DrWilmingtonDE19809
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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 13 S Rodney Dr, Wilmington, DE, 19809 uses $59,670 cash to close to unlock $3,702/yr annual cash flow and $309/mo monthly cash flow. Total monthly income runs $1,350/mo, and a $881/mo payment keeps the spread at $309/mo. Purchase price stands at $180,000, and rental yield measures 9% with $1,350/mo rent. Return on cash invested shows 26.11% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 135.61% and total cumulative return in cash records $80,921. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,350/mo property income covering a $881/mo payment rather than investor’s personal income.
Townhouse
Built in 1940
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19809, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,838 (100%) |
| Owner Occupied HU | 4,754 (69.5%) |
| Renter Occupied HU | 1,772 (25.9%) |
| Vacant Housing Units | 312 ( 4.6%) |
| Median Home Value | $365,197 |
| Average Home Value | $381,712 |
Housing Distribution
Address Breakdown
Residential
6,625
Single Family
5,387
Multi-Family
1,238
Businesses
637
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Listed by: Vaidra JOHNSON • BHHS Fox & Roach-Concord
Mls Name: Bright MLS
Mls ID: #DENC2089678