2123 Biddle St, Wilmington, DE, 19805 | $553/mo Cash Flow

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2123 Biddle St, Wilmington, DE, 19805 | $553/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Wilmington at 2123 Biddle St, Wilmington, DE, 19805 earns $553/mo cash flow from $2,202/mo rent with a $1,395/mo payment. Total monthly income totals $2,202/mo, and annual cash flow totals $6,635/yr on $94,478 capital. ROI tracks 26.93% on current figures, and rental yield reads 9.27% at a $285,000 purchase. Equity gained on principal adds $1,839/yr, and 5% annual appreciation supports $78,740 over five years. Five-year ROI reaches 139.96% and total cumulative return in cash sums $132,234. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,202/mo property income instead of your personal income.

Townhouse

Built in 1918

1,742 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 2123 Biddle St., a beautifully updated 3-bedroom, 1-bathroom home nestled in the heart of Union Park Gardens. This charming residence has been meticulously maintained and boasts numerous recent upgrades, ensuring a comfortable and modern living experience. As you step inside, you will be greeted by fresh paint throughout and new flooring that adds a touch of elegance to every room. The living space is enhanced by tasteful shelving, providing both style and functionality. The home's exterior is equally impressive, featuring a newly installed roof, new gutters, and a new storm door, all contributing to its pristine condition and curb appeal. The windows have been expertly resealed, ensuring energy efficiency and comfort throughout the seasons. Whether you're a first-time homebuyer or looking to downsize, this home offers the perfect blend of classic charm and modern amenities. Don't miss the opportunity to make 2123 Biddle St. your new home in the vibrant Union Park Gardens community!

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