1403 Shallcross Ave APT 310, Wilmington, DE, 19806 | $309/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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1403 Shallcross Ave APT 310, Wilmington, DE, 19806 | $309/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 310, Wilmington, DE, 19806 uses $77,903 cash to close to unlock $3,714/yr annual cash flow and $309/mo monthly cash flow. Total monthly income runs $1,669/mo, and a $1,150/mo payment keeps the spread at $309/mo. Purchase price stands at $235,000, and rental yield measures 8.52% with $1,669/mo rent. Return on cash invested shows 24.68% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 127.89% and total cumulative return in cash records $99,628. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,669/mo property income covering a $1,150/mo payment rather than investor’s personal income.

Condo

Built in 1973

N/A lot

$N/A/sqft

No HOA

More details about the property

Wonderful offering in one of Delawares most popular condos. Hamilton House is located just steps from Trolley Square and a quick drive to I-95. A great location with private parking in a secure building. This unit is located on the third floor. Parquet flooring throughout, neutral colors and an extra storage closet for this unit located in the building! Very walkable area with Parks, restaurants and entertainment nearby!

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