227 Hamilton StDelaware CityDE19706
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 Delaware City at 227 Hamilton St, Delaware City, DE, 19706 priced at $185,000 pairs $1,455/mo rent with $385/mo cash flow after a $905/mo payment. Total monthly income equals $1,455/mo, and annual cash flow comes to $4,621/yr on $61,328 invested. Return on cash invested is 27.44% in year one, and rental yield stands at 9.44% on a $185,000 basis. Equity gained on principal adds $1,194/yr, and 5% annual appreciation accumulates to $51,112 by year five. Five-year ROI measures 142.8% and total cumulative return in cash reaches $87,579. For financing, Ziffy Mortgage’s DSCR program evaluates $1,455/mo property income against a $905/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1890
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19706, Delaware City, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 806 (100%) |
| Owner Occupied HU | 629 (78.0%) |
| Renter Occupied HU | 130 (16.1%) |
| Vacant Housing Units | 47 ( 5.8%) |
| Median Home Value | $334,459 |
| Average Home Value | $337,631 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
77
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Listed by: David Landon • Patterson-Schwartz-Newark
Mls Name: Bright MLS
Mls ID: #DENC2091684