2216 Heather Ct #2216WilmingtonDE19809
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
Investment Highlights
Rental property for sale in Wilmington at 2216 Heather Ct #2216, Wilmington, DE, 19809 generates $2,122/mo in rent and, after a $1,101/mo payment, leaves $820/mo in cash flow. Total monthly income is $2,122/mo, and annual cash flow is $9,845/yr on $74,588 invested. Return on cash invested sits at 33.11% in year one, and rental yield is 11.32% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 173.12% and total cumulative return in cash sums $129,129. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,122/mo property income rather than buyer’s personal income.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: JENNIFER TRAVALINI • Century 21 Gold Key Realty
Mls Name: Bright MLS
Mls ID: #DENC2087106