1403 Shallcross Ave APT 303, Wilmington, DE, 19806 | $877/mo Cash Flow

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1403 Shallcross Ave APT 303, Wilmington, DE, 19806 | $877/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 Wilmington at 1403 Shallcross Ave APT 303, Wilmington, DE, 19806 listed at $285,000 pairs $2,526/mo rent with a $1,395/mo payment to leave $877/mo cash flow. Total monthly income runs $2,526/mo, and annual cash flow reaches $10,523/yr on $94,478 cash to close. Return on cash invested measures 31.05% in year one, and rental yield registers 10.64% at a $285,000 basis. Equity gained on principal adds $1,839/yr, and annual property appreciation at 5% supports $78,740 by year five. Five-year ROI tracks 162.04% and total cumulative return in cash totals $153,090. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,526/mo property income relative to a $1,395/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1973

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to your dream condo, perfectly situated in the heart of Trolley Square! This spacious 1,325 sq ft, two-bedroom, two-bath residence offers a blend of comfort and modern living. The condo features a generously sized living room that seamlessly opens to a beautiful balcony and dining room, creating an inviting space for both relaxation and entertainment. Step into the updated kitchen and bathrooms, tastefully designed to meet all your needs. Newly installed carpet adds a touch of elegance and warmth throughout the home. Enjoy abundant sunlight streaming through the large windows, enhancing the bright and airy ambiance. The balcony not only provides a tranquil retreat but also comes with covered parking space, washer/dryer hook up, and extra storage perfect for keeping your space organized. This prime location is within walking distance to the vibrant Trolley Square, offering an array of shops, dining, entertainment options, farmers markets, Brandywine River trails and Rockford Park, as well as convenient access to Wilmington. This is a pet friendly building. For commuters, the proximity to regional rails ensures easy travel to Philadelphia and beyond. Experience the perfect blend of urban convenience and a peaceful residential setting in this fabulous condo. Don't miss out on the opportunity to make this your new home!

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