2103 Gilles StWilmingtonDE19805
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2103 Gilles St, Wilmington, DE, 19805 generates $2,053/mo in rent and, after a $1,321/mo payment, leaves $491/mo in cash flow. Total monthly income is $2,053/mo, and annual cash flow is $5,896/yr on $89,472 invested. Return on cash invested sits at 26.5% in year one, and rental yield is 9.13% on a $269,900 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 137.68% and total cumulative return in cash sums $123,186. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,053/mo property income rather than buyer’s personal income.
Townhouse
Built in 1918
1,742 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Danielle Benson • Century 21 Gold Key Realty
Mls Name: Bright MLS
Mls ID: #DENC2087734