228 N Monroe StWilmingtonDE19801
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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
Investment property for sale in Wilmington at 228 N Monroe St, Wilmington, DE, 19801 with 5% annual appreciation on a $193,000 basis while $2,360/mo rent supports operations. Total monthly income totals $2,360/mo and a $945/mo payment preserves $1,243/mo for cash returns. Annual cash flow comes to $14,915/yr on $63,980 deployed, and return on cash invested reaches 43.22% in year one. Equity gained on principal adds $1,245/yr, and five-year appreciation sums $53,322 alongside rental yield of 14.67%. Five-year ROI measures 227.33% and total cumulative return in cash totals $145,446.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,360/mo property income versus a $945/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19801, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,816 (100%) |
| Owner Occupied HU | 2,137 (21.8%) |
| Renter Occupied HU | 6,162 (62.8%) |
| Vacant Housing Units | 1,517 (15.5%) |
| Median Home Value | $203,736 |
| Average Home Value | $246,222 |
Housing Distribution
Address Breakdown
Residential
8,168
Single Family
4,760
Multi-Family
3,408
Businesses
1,281
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Nearby investment properties with comparable prices
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