1501 Willis PlWilmingtonDE19805
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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 1501 Willis Pl, Wilmington, DE, 19805 earns $628/mo cash flow from $2,683/mo rent with a $1,738/mo payment. Total monthly income totals $2,683/mo, and annual cash flow totals $7,542/yr on $117,683 capital. ROI tracks 26.32% on current figures, and rental yield reads 9.07% at a $355,000 purchase. Equity gained on principal adds $2,291/yr, and 5% annual appreciation supports $98,080 over five years. Five-year ROI reaches 136.7% and total cumulative return in cash sums $160,872. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,683/mo property income instead of your personal income.
Single Family
Built in 1943
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19805, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,889 (100%) |
| Owner Occupied HU | 9,310 (52.0%) |
| Renter Occupied HU | 7,066 (39.5%) |
| Vacant Housing Units | 1,513 ( 8.5%) |
| Median Home Value | $254,768 |
| Average Home Value | $303,040 |
Housing Distribution
Address Breakdown
Residential
16,084
Single Family
15,078
Multi-Family
1,006
Businesses
1,054
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Listed by: Diana Vieyra • Patterson-Schwartz-Hockessin
Mls Name: Bright MLS
Mls ID: #DENC2085924