1315 Maple Ave, Elsmere, DE, 19805 | $703/mo Cash Flow

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1315 Maple Ave, Elsmere, DE, 19805 | $703/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

Investment property for sale in Elsmere at 1315 Maple Ave, Elsmere, DE, 19805 listed at $200,000 pairs $1,860/mo rent with a $979/mo payment to leave $703/mo cash flow. Total monthly income runs $1,860/mo, and annual cash flow reaches $8,432/yr on $66,300 cash to close. Return on cash invested measures 32.63% in year one, and rental yield registers 11.16% at a $200,000 basis. Equity gained on principal adds $1,291/yr, and annual property appreciation at 5% supports $55,256 by year five. Five-year ROI tracks 170.51% and total cumulative return in cash totals $113,048. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,860/mo property income relative to a $979/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Townhouse

Built in 1958

1,742 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to Elsmere Gardens! This well kept townhome is the perfect place to settle in. It has both a fenced front and rear yard! The rear yard also has alley access and a concrete pad for off-street parking if desired. As you enter through the front door you will be greeted by a clean modern design. With crown molding in the living area and laminate wood flooring throughout the 1st level. The oversized eat-in kitchen gives you all the room you need to both cook and enjoy what you've made. Access to the rear yard, storage shed and private parking area are also of the kitchen. The original hardwoods start at the stairs and continue through the upper level. Up here you will find 3 bedrooms and a modern bath. Other Amenities include replacement vinyls, upgraded lighting, 6 panel doors & a 1st floor laundry. Come take a look you wont be disappointed! HIGHEST BEST DUE 8/18 BY 3:00PM

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