2212 Heather CtWilmingtonDE19809
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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 2212 Heather Ct, Wilmington, DE, 19809 listed at $235,000 pairs $1,610/mo rent with a $1,150/mo payment to leave $250/mo cash flow. Total monthly income runs $1,610/mo, and annual cash flow reaches $3,006/yr on $77,903 cash to close. Return on cash invested measures 23.77% in year one, and rental yield registers 8.22% at a $235,000 basis. Equity gained on principal adds $1,516/yr, and annual property appreciation at 5% supports $64,926 by year five. Five-year ROI tracks 123.04% and total cumulative return in cash totals $95,848. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,610/mo property income relative to a $1,150/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19809, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,838 (100%) |
| Owner Occupied HU | 4,754 (69.5%) |
| Renter Occupied HU | 1,772 (25.9%) |
| Vacant Housing Units | 312 ( 4.6%) |
| Median Home Value | $365,197 |
| Average Home Value | $381,712 |
Housing Distribution
Address Breakdown
Residential
6,625
Single Family
5,387
Multi-Family
1,238
Businesses
637
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Listed by: Dan Logan • Patterson-Schwartz-Hockessin
Mls Name: Bright MLS
Mls ID: #DENC2093174