1404 E Market StWilmingtonDE19804
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 1404 E Market St, Wilmington, DE, 19804 earns $698/mo cash flow from $2,809/mo rent with a $1,786/mo payment. Total monthly income totals $2,809/mo, and annual cash flow totals $8,371/yr on $120,998 capital. ROI tracks 26.83% on current figures, and rental yield reads 9.24% at a $365,000 purchase. Equity gained on principal adds $2,355/yr, and 5% annual appreciation supports $100,843 over five years. Five-year ROI reaches 139.41% and total cumulative return in cash sums $168,679. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,809/mo property income instead of your personal income.
Single Family
Built in 1953
4,792 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19804, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,826 (100%) |
| Owner Occupied HU | 5,844 (74.7%) |
| Renter Occupied HU | 1,627 (20.8%) |
| Vacant Housing Units | 355 ( 4.5%) |
| Median Home Value | $281,986 |
| Average Home Value | $345,482 |
Housing Distribution
Address Breakdown
Residential
7,601
Single Family
6,871
Multi-Family
730
Businesses
985
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Luis Benites-Figueroa • Keller Williams Real Estate -Exton
Mls Name: Bright MLS
Mls ID: #DENC2087960