1401 Pennsylvania Ave APT 608WilmingtonDE19806
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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
Rental property for sale in Wilmington at 1401 Pennsylvania Ave APT 608, Wilmington, DE, 19806 generates $954/mo in rent and, after a $597/mo payment, leaves $248/mo in cash flow. Total monthly income is $954/mo, and annual cash flow is $2,979/yr on $40,443 invested. Return on cash invested sits at 27.27% in year one, and rental yield is 9.38% on a $122,000 entry. Equity gained on principal adds $787/yr, while 5% annual appreciation builds toward $33,706 over five years. Five-year ROI reaches 141.92% and total cumulative return in cash sums $57,395. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $954/mo property income rather than buyer’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: Amy Walton • Patterson-Schwartz - Greenville
Mls Name: Bright MLS
Mls ID: #DENC2096544