1704 N Park Dr APT 201, Wilmington, DE, 19806 | 5.36% Rental Yield

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1704 N Park Dr APT 201, Wilmington, DE, 19806 | 5.36% Rental Yield | Ziffy

For Sale

Listed for sale 7 days ago

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

Total monthly income runs $2,660/mo, and a $2,912/mo payment. Purchase price stands at $595,000, and rental yield measures 5.36% with $2,660/mo rent. Return on cash invested shows 15.26% in year one, and 5% annual appreciation builds toward $164,388 over five years. Five-year ROI reaches 77.36% and total cumulative return in cash records $151,442. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,660/mo property income covering a $2,912/mo payment rather than investor’s personal income.

Condo

Built in 1987

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to luxurious living at this stunning 3-bedroom, 2-bath condo located in Brandywine Park Condos along the banks of the Brandywine River. With 1904 square feet of elegantly designed space, this residence offers a harmonious blend of comfort and style with stunning river views. Enjoy the sights and sounds of what riverfront living offer from your own balcony with direct river views. As you step inside, you are greeted by an expansive open floor plan that seamlessly connects all rooms, featuring a bright and airy living area perfect for both relaxation and entertaining. A box window in the living area gives the illusion of being suspended over the river and provides exceptional year round peaceful enjoyment of the views. The well-appointed kitchen boasts modern appliances and ample counter space, making meal preparation a delight. Retreat to the spacious bedrooms, complete with primary suite with home office and abundant closets space including a generous walk-in closet for all your storage needs. For added convenience, enjoy the in-unit washer and dryer, along with the peace of mind provided by brand new HVAC heat pump. Brandywine Park Condos offers an array of desirable amenities, including access to a community seasonal pool, a well-equipped gym, and a welcoming club house. The building is equipped with a secure, gated entrance and offers part-time concierge service, ensuring a seamless living experience. Residents also benefit from two elevators for easy access, storage locker on same floor, and two assigned parking spots in the community parking garage. Whether you're seeking a vibrant community or a peaceful retreat, this residence delivers on all fronts. Enjoy the perfect blend of convenience and luxury in this impressive condo. Brandywine Park Condos is located outside of city limits, but within walking distance to the shops and dining in Trolley Square. Enjoy walks along the banks of the Brandywine River with nearby highlights of the Jasper Crane Rose Garden and Brandywine Zoo. Seller is a licensed real estate agent in the State of Delaware.

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