1403 Shallcross Ave APT 308WilmingtonDE19806
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1403 Shallcross Ave APT 308, Wilmington, DE, 19806 earns $589/mo cash flow from $2,266/mo rent with a $1,419/mo payment. Total monthly income totals $2,266/mo, and annual cash flow totals $7,062/yr on $96,102 capital. ROI tracks 27.26% on current figures, and rental yield reads 9.38% at a $289,900 purchase. Equity gained on principal adds $1,871/yr, and 5% annual appreciation supports $80,094 over five years. Five-year ROI reaches 141.72% and total cumulative return in cash sums $136,197. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,266/mo property income instead of your personal income.
Condo
Built in 1973
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mary Beth Adelman • RE/MAX Associates-Wilmington
Mls Name: Bright MLS
Mls ID: #DENC2091918