2 E 24th StWilmingtonDE19802
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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
Rental property for sale in Wilmington at 2 E 24th St, Wilmington, DE, 19802 priced at $145,000 converts $1,095/mo rent into $256/mo cash flow after a $710/mo obligation. Total monthly income equals $1,095/mo, and annual cash flow totals $3,069/yr on $48,068 invested. Return on cash invested prints 26.29% in year one, and rental yield reads 9.06% against a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation compiles into $40,061 by year five. Five-year ROI reaches 136.57% and total cumulative return in cash sums $65,648. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,095/mo property income covering a $710/mo payment, not borrower’s personal income.
Townhouse
Built in 1922
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19802, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,669 (100%) |
| Owner Occupied HU | 6,054 (51.9%) |
| Renter Occupied HU | 4,500 (38.6%) |
| Vacant Housing Units | 1,115 ( 9.6%) |
| Median Home Value | $215,287 |
| Average Home Value | $307,286 |
Housing Distribution
Address Breakdown
Residential
10,689
Single Family
8,790
Multi-Family
1,899
Businesses
545
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Listed by: Cat Bond • Brokers Realty Group, LLC
Mls Name: Bright MLS
Mls ID: #DENC2095236