1704 N Park Dr #A409WilmingtonDE19806
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1704 N Park Dr #A409, Wilmington, DE, 19806 uses $165,419 cash to close to unlock $6,601/yr annual cash flow and $550/mo monthly cash flow. Total monthly income runs $3,437/mo, and a $2,442/mo payment keeps the spread at $550/mo. Purchase price stands at $499,000, and rental yield measures 8.27% with $3,437/mo rent. Return on cash invested shows 23.9% in year one, and 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 123.73% and total cumulative return in cash records $204,678. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,437/mo property income covering a $2,442/mo payment rather than investor’s personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19806, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,288 (100%) |
| Owner Occupied HU | 2,978 (47.4%) |
| Renter Occupied HU | 2,769 (44.0%) |
| Vacant Housing Units | 541 ( 8.6%) |
| Median Home Value | $472,552 |
| Average Home Value | $509,621 |
Housing Distribution
Address Breakdown
Residential
6,022
Single Family
2,875
Multi-Family
3,147
Businesses
440
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nicole Gallo • EXP Realty, LLC
Mls Name: Bright MLS
Mls ID: #DENC2094156