223 Woodlawn AveWilmingtonDE19805
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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
Rental property for sale in Wilmington at 223 Woodlawn Ave, Wilmington, DE, 19805 offers $2,242/mo rent that, after a $563/mo payment, leaves $1,542/mo cash flow. Total monthly income is $2,242/mo, and annual cash flow is $18,500/yr on $38,123 cash. Return on cash invested measures 68.44% in year one, and rental yield stands at 23.39% at a $115,000 entry. Equity gained on principal adds $742/yr while 5% annual appreciation compounds into $31,772 by year five. Five-year ROI records 362.99% and total cumulative return in cash reaches $138,381. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,242/mo property income versus a $563/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1910
1,306 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: N/A • N/A
Mls Name: Patterson Schwartz
Mls Provider:
Mls ID: #DENC2092622