2123 Seneca RdWilmingtonDE19805
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeReliable, bankable, and well-priced, 2123 Seneca Rd, Wilmington, DE, 19805 in Wilmington delivers $1,811/mo in gross rent and $393/mo in net monthly income at a $245,000 entry. The 8.87% yield and 1.64 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $67,689 over five years and $2,256/yr in equity from loan paydown, total projected return is $117,784.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.9% | 6.5% |
| Monthly Cash Flow | $393 | $1,250 |
City averages based on Wilmington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,811 |
| Total Monthly Debt Service | $1,320 |
| DSCR Ratio | 1.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1950
2,178 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
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
Multi Family
Built in 1950
2,178 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: Alissa Facciolo • Crown Homes Real Estate
Mls Name: Bright MLS
Mls ID: #DENC2097002