1704 N Park Dr APT 409, Wilmington, DE, 19806 | $385/mo Cash Flow

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1704 N Park Dr APT 409, Wilmington, DE, 19806 | $385/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

Investment property for sale in Wilmington at 1704 N Park Dr APT 409, Wilmington, DE, 19806 offers a 7.84% rental yield on a $515,000 purchase with $3,365/mo rent. Total monthly income registers $3,365/mo, and a $2,521/mo payment leaves $385/mo available for distribution. Annual cash flow reaches $4,618/yr on $169,435 to close, and return on cash invested stands at 22.79% in year one. Equity gained on principal adds $3,323/yr while 5% annual appreciation supports $142,285 over five years. Portfolio math shows five-year ROI at 117.7% and total cumulative return in cash at $199,429. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,365/mo property income against a $2,521/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1998

N/A lot

$N/A/sqft

No HOA

More details about the property

FOR SALE 2 Bedrooms 2 Bath + 1 office/bedroom apartment (condo). 1600 sq ft. LOCATION: Brandywine Park Wilmington. PROPERTY DESCRIPTION: 7 story building with 2 main elevators (recently updated). Community room with gym and sauna. Outdoor swimming pool. Several picnic areas with gas grills. Covered parking. Gated community with gate security access. UPS, FEDEX and USPS pickup and delivery services. The building is located on the middle of Brandywine Park between a river and hill. UNIT DESCRIPTION: Unit located on the 4th floor of the building. Fully renovated. Everything new. Andersen sliding doors to balcony (3). Forced air heat and whole apartment AC unit. 50 gallons water heater unit. Washer and dryer in individual closet. 3 small closets for linen, cleaning equipment and entry closing. 2 cars covered the parking spot. Laminated floors vertical blinds on every door (no windows). Storage unit 3x3x9is located on the same floor. Kitchen with refrigerator LG, induction cook top and telescopic fan exhaust. Garbage grinder, dishwasher and conventional oven/microwave all in one. Island and the rest of the cabinets, all granite top and backsplash. First bathroom bidet and bathtub/jacuzzi Second bathroom shower with steam Master bedroom 2 closets one large for closing and small, makeup area and small balcony 2nd bedroom Small closet Office/ 3rd bedroom balcony no closet but could be built. The living room and dining room combine with 2 balconies.

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