1905 W 2nd St, Wilmington, DE, 19805 | $326/mo Cash Flow

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1905 W 2nd St, Wilmington, DE, 19805 | $326/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 1905 W 2nd St, Wilmington, DE, 19805 earns $326/mo cash flow from $1,424/mo rent with a $929/mo payment. Total monthly income totals $1,424/mo, and annual cash flow totals $3,908/yr on $62,952 capital. ROI tracks 26.12% on current figures, and rental yield reads 9% at a $189,900 purchase. Equity gained on principal adds $1,225/yr, and 5% annual appreciation supports $52,466 over five years. Five-year ROI reaches 135.62% and total cumulative return in cash sums $85,373. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,424/mo property income instead of your personal income.

Townhouse

Built in 1924

1,742 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this end-of-row rowhome located in the vibrant and historic Little Italy neighborhood. Enter through the enclosed front porch and into a bright and inviting main level featuring hardwood floors that flow seamlessly throughout the home. The spacious living room opens to a formal dining area, creating an ideal layout for entertaining or everyday living. The kitchen boasts gas cooking, a generous walk-in pantry, and convenient access to the rear patioperfect for summer cookouts and outdoor dining. You'll also enjoy the added bonus of a detached 1-car garage with a shared driveway! Upstairs, you'll find three generously sized bedrooms and a full hall bath. Each room offers ample closet space and plenty of natural light. The full basement is dry and unfinished, offering endless potentialwhether you choose to create additional living space, a home gym, or simply use it for abundant storage. Laundry is already in place. This home combines classic charm with functional features and unbeatable location. Just blocks from restaurants, cafes, parks, and everything Little Italy has to offer! Dont miss your chance to own a piece of this beloved neighborhoodschedule your showing today!

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