1517 Rockland Rd APT 103, Wilmington, DE, 19803 | $511/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1517 Rockland Rd APT 103, Wilmington, DE, 19803 | $511/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Wilmington at 1517 Rockland Rd APT 103, Wilmington, DE, 19803 generates $2,420/mo in rent and, after a $1,615/mo payment, leaves $511/mo in cash flow. Total monthly income is $2,420/mo, and annual cash flow is $6,130/yr on $109,362 invested. Return on cash invested sits at 25.51% in year one, and rental yield is 8.8% on a $329,900 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation builds toward $91,145 over five years. Five-year ROI reaches 132.37% and total cumulative return in cash sums $144,759. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,420/mo property income rather than buyer’s personal income.

Condo

Built in 1998

N/A lot

$N/A/sqft

No HOA

More details about the property

This spacious first-floor 2BR/2BA condo for sale in North Wilmington features the largest floorplan in Carillon Crossing, plus fresh paint and newer wood-grain LVP flooring. Each bedroom has a walk-in closet and an en-suite bath with tile flooring, and the primary suite is exceptionally large. Enjoy a private covered patio with wooded views, open living/dining space, in-unit laundry, and excellent storage in this move-in-ready home. Community amenities include assigned lower-level storage, a rec room, organized activities, and well-maintained common areas in this desirable 55+ community. Conveniently located near shopping, dining, healthcare, Concord Pike, and I-95. HOA fee includes heat, gas, water, sewer, basic cable, exterior maintenance, landscaping, and snow removal. Quick settlement available. Agent related to seller.

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