1403 Shallcross Ave APT 509, Wilmington, DE, 19806 | 6.87% Rental Yield

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1403 Shallcross Ave APT 509, Wilmington, DE, 19806 | 6.87% Rental Yield | 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 509, Wilmington, DE, 19806 listed at $395,000 pairs $2,260/mo rent with a $1,933/mo payment. Total monthly income runs $2,260/mo. Return on cash invested measures 19.68% in year one, and rental yield registers 6.87% at a $395,000 basis. Equity gained on principal adds $2,549/yr, and annual property appreciation at 5% supports $109,131 by year five. Five-year ROI tracks 101.07% and total cumulative return in cash totals $132,342. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,260/mo property income relative to a $1,933/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1970

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to Hamilton House! This exceptional penthouse condo in the heart of Trolley Square showcases sweeping views of downtown Wilmington and Brandywine Park. Flooded with natural light, the dramatic living room features 12-foot ceilings, floor-to-ceiling windows, and a custom built-in offering both storage and display space. Step out onto the expansive 20-foot balcony to take in skyline and park views from your own private retreat. The galley-style kitchen provides ample cabinetry and functionality, while the spacious upper-level primary suite includes an en-suite bath, convenient laundry, and generous storage. With five oversized closets, theres no shortage of spaceideal for fashion enthusiasts or anyone who values organization. Two assigned covered parking spaces and an attached storage unit add ease and convenience. Hamilton House amenities include a welcoming outdoor gathering area with a gas grill and plenty of seating, perfect for entertaining or unwinding. Residents enjoy the peace of mind provided by a doorman, secure building access, and gated parking. A rare opportunity to own a light-filled penthouse retreat in one of Wilmingtons most vibrant neighborhoods!

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