142 Shinn CirWilmingtonDE19808
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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
Rental property for sale in Wilmington at 142 Shinn Cir, Wilmington, DE, 19808 offers $2,902/mo rent that, after a $1,875/mo payment, leaves $686/mo cash flow. Total monthly income is $2,902/mo, and annual cash flow is $8,226/yr on $126,965 cash. Return on cash invested measures 26.39% in year one, and rental yield stands at 9.09% at a $383,000 entry. Equity gained on principal adds $2,471/yr while 5% annual appreciation compounds into $105,816 by year five. Five-year ROI records 137.07% and total cumulative return in cash reaches $174,030. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,902/mo property income versus a $1,875/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1995
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19808, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,494 (100%) |
| Owner Occupied HU | 13,153 (79.7%) |
| Renter Occupied HU | 2,708 (16.4%) |
| Vacant Housing Units | 633 ( 3.8%) |
| Median Home Value | $373,988 |
| Average Home Value | $392,522 |
Housing Distribution
Address Breakdown
Residential
16,525
Single Family
14,994
Multi-Family
1,531
Businesses
1,118
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Listed by: Julianna Lee • Patterson-Schwartz-Hockessin
Mls Name: Bright MLS
Mls ID: #DENC2093710