1305 N Broom St APT 1, Wilmington, DE, 19806 | $260/mo Cash Flow

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1305 N Broom St APT 1, Wilmington, DE, 19806 | $260/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Wilmington at 1305 N Broom St APT 1, Wilmington, DE, 19806 generates $1,012/mo in rent and, after a $636/mo payment, leaves $260/mo in cash flow. Total monthly income is $1,012/mo, and annual cash flow is $3,121/yr on $43,095 invested. Return on cash invested sits at 27.15% in year one, and rental yield is 9.34% on a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 141.24% and total cumulative return in cash sums $60,867. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,012/mo property income rather than buyer’s personal income.

Condo

Built in 1929

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to 1305 N Broom St. #1, a charming 1-bedroom, 1-bath unit located in the notorious Denbigh Hall. This home has been tastefully updated to provide a comfortable and stylish living space, where all utilities are conveniently included in the condo fees, ensuring effortless living. Situated just two blocks from the vibrant Trolley Square, this residence offers unparalleled access to a diverse array of dining and shopping options. Indulge in local favorites like El Diablo Burritos, Trolley Tap House, and Trolley Square Oyster House, all just a quick 3-minute walk away. For those who love outdoor activities, the nearby Brandywine River and various interactive parks provide ample opportunities for recreation. Enjoy sports like pickleball, basketball, and tennis at the nearby courts, or simply take a leisurely stroll through the scenic surroundings. Experience the perfect blend of modern comfort and prime location at 1305 N Broom St. #1. This is not just a home; it's a lifestyle waiting for you to enjoy. Don't miss out on this fantastic opportunity to live in one of the most desirable areas.

Neighborhood Data

Neighborhood data shown for ZIP Code: 19806, Wilmington, DE area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,288 (100%)
Owner Occupied HU	2,978 (47.4%)
Renter Occupied HU	2,769 (44.0%)
Vacant Housing Units	541 ( 8.6%)
Median Home Value	$472,552
Average Home Value	$509,621