214 W 21st St, Wilmington, DE, 19802 | $547/mo Cash Flow

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214 W 21st St, Wilmington, DE, 19802 | $547/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 214 W 21st St, Wilmington, DE, 19802 offers a 9.06% rental yield on a $309,900 purchase with $2,340/mo rent. Total monthly income registers $2,340/mo, and a $1,517/mo payment leaves $547/mo available for distribution. Annual cash flow reaches $6,560/yr on $102,732 to close, and return on cash invested stands at 26.29% in year one. Equity gained on principal adds $2,000/yr while 5% annual appreciation supports $85,620 over five years. Portfolio math shows five-year ROI at 136.56% and total cumulative return in cash at $140,292. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,340/mo property income against a $1,517/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1921

2,178 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 214 West 21st Street, an exquisite residence nestled in the heart of Wilmington, DE. This elegant and modern home, beautifully restored, offers a harmonious blend of timeless charm and contemporary amenities. Spanning 1,700 square feet, the house provides a spacious living environment complemented by a total lot size of 2,178 square feet. Upon entering, be greeted by a beautiful enclosed four-season front porch featuring stone walls and three walls of windows, an ideal space for relaxation and enjoying the changing seasons. The living room radiates original character with inlaid hardwood floors and a distinctive corner stone fireplace, perfect for cozy gatherings. Adjacent to the living room, the formal dining room impresses with classic chair rails, setting the stage for memorable dinner parties. The kitchen is a chef's dream, equipped with wood cabinets, stainless steel appliances, and a conveniently located half bathroom. Venture to the second floor to discover three comfortable bedrooms and a full bathroom, offering ample privacy and comfort. The finished attic, bathed in natural light, presents a versatile loft space, suitable for an office, playroom, or additional bedroom. The partially finished walk-out basement provides additional living space, enhancing the home's functionality. Step outside to a private backyard, a serene oasis for outdoor enjoyment. Conveniently located near Brandywine Park, Concord Pike, and Baynard Blvd, with easy access to major routes like I-95, this home offers proximity to shopping and dining, making it a perfect blend of comfort and convenience.

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