1403 Shallcross Ave APT 203, Wilmington, DE, 19806 | $669/mo Cash Flow

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1403 Shallcross Ave APT 203, Wilmington, DE, 19806 | $669/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 1403 Shallcross Ave APT 203, Wilmington, DE, 19806 generates $2,260/mo in rent and, after a $1,346/mo payment, leaves $669/mo in cash flow. Total monthly income is $2,260/mo, and annual cash flow is $8,026/yr on $91,163 invested. Return on cash invested sits at 28.71% in year one, and rental yield is 9.86% on a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 149.52% and total cumulative return in cash sums $136,307. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,260/mo property income rather than buyer’s personal income.

Condo

Built in 1973

N/A lot

$N/A/sqft

No HOA

More details about the property

"AKA UNIT MAILING ADDRESS IS: 1403 Shallcross Ave Unit A22, Wilm., DE 19806" this Address should be used on AOS. Hamilton House Condo Apartments located just 1 Block off Scenic Brandywine Park in the Middle of Popular Trolley Square with Reserved Covered Parking and a Private Balcony. This 2nd Floor Home offers 1,125 Sq Ft of Spacious Living with Ample Sunlight through out. The Apartment Entry is a Short walk from the Building Elevator. A Large Separate Living Room and Dining Room have Beautiful Hardwood Floors. Perfect for Daily Needs or Entertaining.

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