1515 Rockland Rd APT 301WilmingtonDE19803
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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 1515 Rockland Rd APT 301, Wilmington, DE, 19803 uses $109,395 cash to close to unlock $5,901/yr annual cash flow and $492/mo monthly cash flow. Total monthly income runs $2,401/mo, and a $1,615/mo payment keeps the spread at $492/mo. Purchase price stands at $330,000, and rental yield measures 8.73% with $2,401/mo rent. Return on cash invested shows 25.3% in year one, and 5% annual appreciation builds toward $91,173 over five years. Five-year ROI reaches 131.24% and total cumulative return in cash records $143,567. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,401/mo property income covering a $1,615/mo payment rather than investor’s personal income.
Condo
Built in 1998
N/A 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: Bill Hall • Patterson-Schwartz-Hockessin
Mls Name: Bright MLS
Mls ID: #DENC2095194