209 S Woodward 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
Investment property for sale in Wilmington at 209 S Woodward Ave, Wilmington, DE, 19805 uses $152,457 cash to close to unlock $11,123/yr annual cash flow and $927/mo monthly cash flow. Total monthly income runs $3,588/mo, and a $2,251/mo payment keeps the spread at $927/mo. Purchase price stands at $459,900, and rental yield measures 9.36% with $3,588/mo rent. Return on cash invested shows 27.2% in year one, and 5% annual appreciation builds toward $127,062 over five years. Five-year ROI reaches 141.43% and total cumulative return in cash records $215,622. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,588/mo property income covering a $2,251/mo payment rather than investor’s personal income.
Single Family
Built in 1989
0.43 Acres 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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Listed by: Tom Desper • Compass
Mls Name: Bright MLS
Mls ID: #DENC2087154