1821 W 2nd StWilmingtonDE19805
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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 1821 W 2nd St, Wilmington, DE, 19805 uses $49,725 cash to close to unlock $7,599/yr annual cash flow and $633/mo monthly cash flow. Total monthly income runs $1,501/mo, and a $734/mo payment keeps the spread at $633/mo. Purchase price stands at $150,000, and rental yield measures 12.01% with $1,501/mo rent. Return on cash invested shows 35.19% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 184.34% and total cumulative return in cash records $91,662. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,501/mo property income covering a $734/mo payment rather than investor’s personal income.
Multi Family
Built in 1910
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19805, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,889 (100%) |
| Owner Occupied HU | 9,310 (52.0%) |
| Renter Occupied HU | 7,066 (39.5%) |
| Vacant Housing Units | 1,513 ( 8.5%) |
| Median Home Value | $254,768 |
| Average Home Value | $303,040 |
Housing Distribution
Address Breakdown
Residential
16,084
Single Family
15,078
Multi-Family
1,006
Businesses
1,054
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Listed by: Tyrone Righter • Smalls Real Estate Company
Mls Name: Bright MLS
Mls ID: #DENC2087746