1300 Lore AveWilmingtonDE19809
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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 1300 Lore Ave, Wilmington, DE, 19809 uses $111,053 cash to close to unlock $1,720/yr annual cash flow and $143/mo monthly cash flow. Total monthly income runs $2,082/mo, and a $1,640/mo payment keeps the spread at $143/mo. Purchase price stands at $335,000, and rental yield measures 7.46% with $2,082/mo rent. Return on cash invested shows 21.46% in year one, and 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 110.64% and total cumulative return in cash records $122,864. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,082/mo property income covering a $1,640/mo payment rather than investor’s personal income.
Single Family
Built in 1939
4,792 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: Mary Corcoran • Patterson-Schwartz - Greenville
Mls Name: Bright MLS
Mls ID: #DENC2087658