1410 Drake RdWilmingtonDE19803
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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
Investment Highlights
Investment property for sale in Wilmington at 1410 Drake Rd, Wilmington, DE, 19803 earns $631/mo cash flow from $3,727/mo rent with a $2,619/mo payment. Total monthly income totals $3,727/mo, and annual cash flow totals $7,572/yr on $176,015 capital. ROI tracks 24.36% on current figures, and rental yield reads 8.36% at a $535,000 purchase. Equity gained on principal adds $3,452/yr, and 5% annual appreciation supports $147,811 over five years. Five-year ROI reaches 126.14% and total cumulative return in cash sums $222,028. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,727/mo property income instead of your personal income.
Single Family
Built in 1958
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19803, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,191 (100%) |
| Owner Occupied HU | 8,044 (87.5%) |
| Renter Occupied HU | 906 ( 9.9%) |
| Vacant Housing Units | 241 ( 2.6%) |
| Median Home Value | $469,463 |
| Average Home Value | $506,244 |
Housing Distribution
Address Breakdown
Residential
8,888
Single Family
8,244
Multi-Family
644
Businesses
985
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Listed by: Tom Wheeler • Patterson-Schwartz-Brandywine
Mls Name: Bright MLS
Mls ID: #DENC2095832