2304 Riddle Ave APT 204C, Wilmington, DE, 19806 | $1,329/mo Cash Flow

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2304 Riddle Ave APT 204C, Wilmington, DE, 19806 | $1,329/mo Cash Flow | Ziffy

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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

Investment property for sale in Wilmington at 2304 Riddle Ave APT 204C, Wilmington, DE, 19806 earns $1,329/mo cash flow from $2,660/mo rent with a $1,126/mo payment. Total monthly income totals $2,660/mo, and annual cash flow totals $15,947/yr on $76,245 capital. ROI tracks 40.82% on current figures, and rental yield reads 13.88% at a $230,000 purchase. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,545 over five years. Five-year ROI reaches 214.45% and total cumulative return in cash sums $163,507. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,660/mo property income instead of your personal income.

Condo

Built in 1965

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to effortless one-floor living! This beautifully updated 2-bedroom, 1-bath condo is perfectly situated in a prime location, a short walk from Trolley Square and adjacent to Rockford Park and I-95. Inside, you'll find a spacious and move-in ready home with new carpet, custom shelves, a cozy electric fireplace, and a walk-in closet. Central A/C and forced-air heating ensure year-round comfort. The living area opens to a private balcony, perfect for morning coffee or relaxing conversations. Enjoy a host of amenities, including a community pool, basement storage, and laundry facilities on every floor. The secure entry building and included condo feecovering parking, utilities (electric, gas, hot water, water/sewer), basic cable, trash, and building maintenancemake this a truly hassle-free home.

Neighborhood Data

Neighborhood data shown for ZIP Code: 19806, Wilmington, DE area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,288 (100%)
Owner Occupied HU	2,978 (47.4%)
Renter Occupied HU	2,769 (44.0%)
Vacant Housing Units	541 ( 8.6%)
Median Home Value	$472,552
Average Home Value	$509,621