203 Colonial AveWilmingtonDE19805
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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 203 Colonial Ave, Wilmington, DE, 19805 priced at $306,700 converts $2,040/mo rent into $266/mo cash flow after a $1,501/mo obligation. Total monthly income equals $2,040/mo, and annual cash flow totals $3,186/yr on $101,671 invested. Return on cash invested prints 23.04% in year one, and rental yield reads 7.98% against a $306,700 entry. Equity gained on principal adds $1,979/yr, while 5% annual appreciation compiles into $84,736 by year five. Five-year ROI reaches 119.13% and total cumulative return in cash sums $121,119. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,040/mo property income covering a $1,501/mo payment, not borrower’s personal income.
Single Family
Built in 1930
5,662 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
16,084
Single Family
15,078
Multi-Family
1,006
Businesses
1,054
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