1401 Pennsylvania Ave APT 511WilmingtonDE19806
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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 1401 Pennsylvania Ave APT 511, Wilmington, DE, 19806 uses $66,267 cash to close to unlock $4,317/yr annual cash flow and $360/mo monthly cash flow. Total monthly income runs $1,516/mo, and a $978/mo payment keeps the spread at $360/mo. Purchase price stands at $199,900, and rental yield measures 9.1% with $1,516/mo rent. Return on cash invested shows 26.42% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 137.26% and total cumulative return in cash records $90,961. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,516/mo property income covering a $978/mo payment rather than investor’s personal income.
Condo
Built in 1960
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
6,022
Single Family
2,875
Multi-Family
3,147
Businesses
440
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Listed by: Linda Stapleford • Harrison Properties, Ltd.
Mls Name: Bright MLS
Mls ID: #DENC2095008