2247 Silverside RdWilmingtonDE19810
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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 2247 Silverside Rd, Wilmington, DE, 19810 generates $3,180/mo in rent and, after a $2,496/mo payment, leaves $229/mo in cash flow. Total monthly income is $3,180/mo, and annual cash flow is $2,752/yr on $167,757 invested. Return on cash invested sits at 21.7% in year one, and rental yield is 7.48% on a $509,900 entry. Equity gained on principal adds $3,290/yr, while 5% annual appreciation builds toward $140,876 over five years. Five-year ROI reaches 111.9% and total cumulative return in cash sums $187,712. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,180/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19810, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,908 (100%) |
| Owner Occupied HU | 8,486 (77.8%) |
| Renter Occupied HU | 1,968 (18.0%) |
| Vacant Housing Units | 454 ( 4.2%) |
| Median Home Value | $439,315 |
| Average Home Value | $459,347 |
Housing Distribution
Address Breakdown
Residential
10,755
Single Family
9,629
Multi-Family
1,126
Businesses
524
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Listed by: Thomas Huston • Real Broker LLC
Mls Name: Bright MLS
Mls ID: #DENC2091766