181 Steven Ln, Wilmington, DE, 19808 | $502/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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181 Steven Ln, Wilmington, DE, 19808 | $502/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 181 Steven Ln, Wilmington, DE, 19808 priced at $445,000 converts $3,172/mo rent into $502/mo cash flow after a $2,178/mo obligation. Total monthly income equals $3,172/mo, and annual cash flow totals $6,029/yr on $147,518 invested. Return on cash invested prints 24% in year one, and rental yield reads 8.55% against a $445,000 entry. Equity gained on principal adds $2,872/yr, while 5% annual appreciation compiles into $122,945 by year five. Five-year ROI reaches 124.52% and total cumulative return in cash sums $183,692. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,172/mo property income covering a $2,178/mo payment, not borrower’s personal income.

Townhouse

Built in 1993

3,049 sqft lot

$N/A/sqft

$24 monthly HOA

More details about the property

This Pike Creek townhome is located in Limestone Hills West. Call for viewing appointment at 917-684-0705. Beautifully updated and well-maintained by its current owners, this property has nearly everything you want. As soon as you enter the home, you'll appreciate the spacious open floor plan with wonderful natural light. The updated kitchen is open to the dining area and large living room with gas fireplace and slider leading to an ample sized deck with composite boards & railing. Hardwood flooring flows throughout the main level. Upper level, stairway and basement, have neutral carpeting/laminate. The primary bedroom suite features an updated full bath, one large closet and attic access for ample storage. A second bedroom with its own full updated bath complete the upper level. The third bedroom on the main floor can also serve as an office/study. A full finished basement includes a pool table, wet bar w/dishwasher, stone gas fireplace, ceiling speakers, large cedar clothing/storage closet, two additional large closets, a bonus/exercise room, and a convenient laundry room. The property backs to an easement area offering wooded views and sunsets. The HVAC, roof and driveway have also been updated. Ideally located in the Red Clay School District, this home allows easy access to all major roadways, employers, schools, restaurants, shopping, places of worship, and recreation areas.

Neighborhood Data

Neighborhood data shown for ZIP Code: 19808, Wilmington, DE area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,494 (100%)
Owner Occupied HU	13,153 (79.7%)
Renter Occupied HU	2,708 (16.4%)
Vacant Housing Units	633 ( 3.8%)
Median Home Value	$373,988
Average Home Value	$392,522