








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Wilmington at 1507 Spring Ln, Wilmington, DE, 19809 uses $195,755 cash to close to unlock $78/yr annual cash flow and $6/mo monthly cash flow. Total monthly income runs $3,449/mo, and a $2,912/mo payment keeps the spread at $6/mo. Purchase price stands at $595,000, and rental yield measures 6.96% with $3,449/mo rent. Return on cash invested shows 20.1% in year one, and 5% annual appreciation builds toward $164,388 over five years. Five-year ROI reaches 103.31% and total cumulative return in cash records $202,238. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,449/mo property income covering a $2,912/mo payment rather than investor’s personal income.
Single Family
Built in 1940
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 19809, Wilmington, DE area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,838 (100%) |
| Owner Occupied HU | 4,754 (69.5%) |
| Renter Occupied HU | 1,772 (25.9%) |
| Vacant Housing Units | 312 ( 4.6%) |
| Median Home Value | $365,197 |
| Average Home Value | $381,712 |
Residential
6,625
Single Family
5,387
Multi-Family
1,238
Businesses
637
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Lynn Kuttruff • Compass
Mls Name: Bright MLS
Mls ID: #DENC2094178