209 Lorewood 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 209 Lorewood Ave, Wilmington, DE, 19804 earns $352/mo cash flow from $1,972/mo rent with a $1,370/mo payment. Total monthly income totals $1,972/mo, and annual cash flow totals $4,228/yr on $92,820 capital. ROI tracks 24.46% on current figures, and rental yield reads 8.45% at a $279,999 purchase. Equity gained on principal adds $1,807/yr, and 5% annual appreciation supports $77,359 over five years. Five-year ROI reaches 126.76% and total cumulative return in cash sums $117,656. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,972/mo property income instead of your personal income.
Single Family
Built in 1950
7,405 sqft 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: Dan Shainsky • Coldwell Banker Realty
Mls Name: Bright MLS
Mls ID: #DENC2087968