2247 Silverside Rd, Wilmington, DE, 19810 | $229/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2247 Silverside Rd, Wilmington, DE, 19810 | $229/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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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

More details about the property

Updated Home In Graylyn Crest. This 4 bedroom, 2.5 bath split level home has been recently updated to suit today's buyers. Interior features include new flooring and paint throughout the home, an updated kitchen with new stainless steel appliances, tile backsplash, & granite countertops. The bathrooms have been updated with new tub/shower, new fixtures, new tile, and new vanities. The exterior of the home includes a new roof and a stamped concrete walkway in the front. There is nothing else to do except move in. Seller is a licensed DE Realtor.

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