1607 Silverside RdWilmingtonDE19810
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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 1607 Silverside Rd, Wilmington, DE, 19810 offers a 6% rental yield on a $524,900 purchase with $2,624/mo rent. 19% in year one. Equity gained on principal adds $3,387/yr while 5% annual appreciation supports $145,020 over five years. Portfolio math shows five-year ROI at 87.69% and total cumulative return in cash at $151,429. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,624/mo property income against a $2,569/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19810, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,908 (100%) |
| Owner Occupied HU | 8,486 (77.8%) |
| Renter Occupied HU | 1,968 (18.0%) |
| Vacant Housing Units | 454 ( 4.2%) |
| Median Home Value | $439,315 |
| Average Home Value | $459,347 |
Housing Distribution
Address Breakdown
Residential
10,755
Single Family
9,629
Multi-Family
1,126
Businesses
524
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Listed by: Michael Dunning • Redfin Corporation
Mls Name: Bright MLS
Mls ID: #DENC2093482