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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Wilmington at 2 Kings Grant Way, Wilmington, DE, 19802 offers a 9.1% rental yield on a $239,900 purchase with $1,820/mo rent. Total monthly income registers $1,820/mo, and a $1,174/mo payment leaves $432/mo available for distribution. Annual cash flow reaches $5,185/yr on $79,527 to close, and return on cash invested stands at 26.43% in year one. Equity gained on principal adds $1,548/yr while 5% annual appreciation supports $66,280 over five years. Portfolio math shows five-year ROI at 137.34% and total cumulative return in cash at $109,219. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,820/mo property income against a $1,174/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1991
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 19802, Wilmington, DE area.
| 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 |
Residential
10,689
Single Family
8,790
Multi-Family
1,899
Businesses
545
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Doris Shorts • RE/MAX Associates - Newark
Mls Name: Bright MLS
Mls ID: #DENC2086912
