202 Tamarack AveWilmingtonDE19804
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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 202 Tamarack Ave, Wilmington, DE, 19804 with 5% annual appreciation on a $180,000 basis while $1,367/mo rent supports operations. Total monthly income totals $1,367/mo and a $881/mo payment preserves $326/mo for cash returns. Annual cash flow comes to $3,906/yr on $59,670 deployed, and return on cash invested reaches 26.45% in year one. Equity gained on principal adds $1,162/yr, and five-year appreciation sums $49,731 alongside rental yield of 9.11%. Five-year ROI measures 137.46% and total cumulative return in cash totals $82,025.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,367/mo property income versus a $881/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1940
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19804, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,826 (100%) |
| Owner Occupied HU | 5,844 (74.7%) |
| Renter Occupied HU | 1,627 (20.8%) |
| Vacant Housing Units | 355 ( 4.5%) |
| Median Home Value | $281,986 |
| Average Home Value | $345,482 |
Housing Distribution
Address Breakdown
Residential
7,601
Single Family
6,871
Multi-Family
730
Businesses
985
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Listed by: Whitney Westover • First Coast Realty LLC
Mls Name: Bright MLS
Mls ID: #DENC2095082