21 N Rodney 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 21 N Rodney Dr, Wilmington, DE, 19809 offers $1,355/mo rent that, after a $857/mo payment, leaves $342/mo cash flow. Total monthly income is $1,355/mo, and annual cash flow is $4,104/yr on $58,013 cash. Return on cash invested measures 26.98% in year one, and rental yield stands at 9.29% at a $175,000 entry. Equity gained on principal adds $1,129/yr while 5% annual appreciation compounds into $48,349 by year five. Five-year ROI records 140.24% and total cumulative return in cash reaches $81,355. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,355/mo property income versus a $857/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1940
2,614 sqft 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: Lakeisha Cunningham • EXP Realty, LLC
Mls Name: Bright MLS
Mls ID: #DENC2096252