209 W 18th StWilmingtonDE19802
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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 W 18th St, Wilmington, DE, 19802 uses $102,434 cash to close to unlock $4,902/yr annual cash flow and $408/mo monthly cash flow. Total monthly income runs $2,196/mo, and a $1,512/mo payment keeps the spread at $408/mo. Purchase price stands at $309,000, and rental yield measures 8.53% with $2,196/mo rent. Return on cash invested shows 24.69% in year one, and 5% annual appreciation builds toward $85,371 over five years. Five-year ROI reaches 127.99% and total cumulative return in cash records $131,105. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,196/mo property income covering a $1,512/mo payment rather than investor’s personal income.
Multi Family
Built in 1921
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19802, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,669 (100%) |
| Owner Occupied HU | 6,054 (51.9%) |
| Renter Occupied HU | 4,500 (38.6%) |
| Vacant Housing Units | 1,115 ( 9.6%) |
| Median Home Value | $215,287 |
| Average Home Value | $307,286 |
Housing Distribution
Address Breakdown
Residential
10,689
Single Family
8,790
Multi-Family
1,899
Businesses
545
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Listed by: Jeff Downey • EXP Realty, LLC
Mls Name: Bright MLS
Mls ID: #DENC2085474