217 E 22nd StWilmingtonDE19802
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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
Investment property for sale in Wilmington at 217 E 22nd St, Wilmington, DE, 19802 listed at $184,000 pairs $1,420/mo rent with a $901/mo payment to leave $355/mo cash flow. Total monthly income runs $1,420/mo, and annual cash flow reaches $4,259/yr on $60,996 cash to close. Return on cash invested measures 26.89% in year one, and rental yield registers 9.26% at a $184,000 basis. Equity gained on principal adds $1,187/yr, and annual property appreciation at 5% supports $50,836 by year five. Five-year ROI tracks 139.74% and total cumulative return in cash totals $85,237. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,420/mo property income relative to a $901/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1991
871 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
10,689
Single Family
8,790
Multi-Family
1,899
Businesses
545
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Listed by: Leslie Russell • Realty Mark Associates - KOP
Mls Name: Bright MLS
Mls ID: #DENC2086434