217 N Franklin StWilmingtonDE19805
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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 N Franklin St, Wilmington, DE, 19805 at $210,000 posts ROI 24.58% with $271/mo cash flow from $1,486/mo rent. Total monthly income equals $1,486/mo, and annual cash flow records $3,249/yr on $69,615 to close. Return on cash invested measures 24.58% and rental yield reads 8.49% at the current $210,000. Equity gained on principal adds $1,355/yr, and 5% annual appreciation supports $58,019 by year five. Five-year ROI prints 127.36% and total cumulative return in cash totals $88,660.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,486/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1900
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
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Listed by: Millie Guzman • BHHS Fox & Roach-Greenville
Mls Name: Bright MLS
Mls ID: #DENC2094328