1301 Lancaster AveWilmingtonDE19805
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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 1301 Lancaster Ave, Wilmington, DE, 19805 offers a 9.21% rental yield on a $199,900 purchase with $1,534/mo rent. Total monthly income registers $1,534/mo, and a $978/mo payment leaves $378/mo available for distribution. Annual cash flow reaches $4,533/yr on $66,267 to close, and return on cash invested stands at 26.75% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 139% and total cumulative return in cash at $92,113. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,534/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1905
871 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: Philip Marzen • Crown Homes Real Estate
Mls Name: Bright MLS
Mls ID: #DENC2093276