2003 Dogwood LnWilmingtonDE19810
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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 2003 Dogwood Ln, Wilmington, DE, 19810 uses $148,844 cash to close to unlock $10,532/yr annual cash flow and $878/mo monthly cash flow. Total monthly income runs $3,476/mo, and a $2,198/mo payment keeps the spread at $878/mo. Purchase price stands at $449,000, and rental yield measures 9.29% with $3,476/mo rent. Return on cash invested shows 26.98% in year one, and 5% annual appreciation builds toward $124,050 over five years. Five-year ROI reaches 140.27% and total cumulative return in cash records $208,780. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,476/mo property income covering a $2,198/mo payment rather than investor’s personal income.
Single Family
Built in 1962
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19810, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,908 (100%) |
| Owner Occupied HU | 8,486 (77.8%) |
| Renter Occupied HU | 1,968 (18.0%) |
| Vacant Housing Units | 454 ( 4.2%) |
| Median Home Value | $439,315 |
| Average Home Value | $459,347 |
Housing Distribution
Address Breakdown
Residential
10,755
Single Family
9,629
Multi-Family
1,126
Businesses
524
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Listed by: Tony Klemanski • BHHS Fox & Roach-Greenville
Mls Name: Bright MLS
Mls ID: #DENC2095874