205 Edgewood DrWilmingtonDE19809
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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 205 Edgewood Dr, Wilmington, DE, 19809 priced at $580,000 pairs $3,698/mo rent with $342/mo cash flow after a $2,839/mo payment. Total monthly income equals $3,698/mo, and annual cash flow comes to $4,102/yr on $190,820 invested. Return on cash invested is 22.21% in year one, and rental yield stands at 7.65% on a $580,000 basis. Equity gained on principal adds $3,743/yr, and 5% annual appreciation accumulates to $160,243 by year five. Five-year ROI measures 114.61% and total cumulative return in cash reaches $218,697. For financing, Ziffy Mortgage’s DSCR program evaluates $3,698/mo property income against a $2,839/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1968
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19809, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,838 (100%) |
| Owner Occupied HU | 4,754 (69.5%) |
| Renter Occupied HU | 1,772 (25.9%) |
| Vacant Housing Units | 312 ( 4.6%) |
| Median Home Value | $365,197 |
| Average Home Value | $381,712 |
Housing Distribution
Address Breakdown
Residential
6,625
Single Family
5,387
Multi-Family
1,238
Businesses
637
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Listed by: Celestine Matthews • Long & Foster Real Estate, Inc.
Mls Name: Bright MLS
Mls ID: #DENC2096300