1402 W 3rd StWilmingtonDE19805
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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 1402 W 3rd St, Wilmington, DE, 19805 uses $77,903 cash to close to unlock $6,846/yr annual cash flow and $570/mo monthly cash flow. Total monthly income runs $1,930/mo, and a $1,150/mo payment keeps the spread at $570/mo. Purchase price stands at $235,000, and rental yield measures 9.86% with $1,930/mo rent. Return on cash invested shows 28.7% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 149.47% and total cumulative return in cash records $116,440. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,930/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Townhouse
Built in 1900
1,742 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: Daniel Demers • Sell Your Home Services
Mls Name: Bright MLS
Mls ID: #DENC2096516