2304 Riddle Ave APT 307, Wilmington, DE, 19806 | $800/mo Cash Flow

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2304 Riddle Ave APT 307, Wilmington, DE, 19806 | $800/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

Investment property for sale in Wilmington at 2304 Riddle Ave APT 307, Wilmington, DE, 19806 offers a 11.03% rental yield on a $235,000 purchase with $2,160/mo rent. Total monthly income registers $2,160/mo, and a $1,150/mo payment leaves $800/mo available for distribution. Annual cash flow reaches $9,606/yr on $77,903 to close, and return on cash invested stands at 32.24% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,926 over five years. Portfolio math shows five-year ROI at 168.48% and total cumulative return in cash at $131,248. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,160/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1965

N/A lot

$N/A/sqft

No HOA

More details about the property

Make your appointment today! You're adjacent to Rockford Park and I-95 in a condominium with many amenities. Secure entry. Ready for new owners. Step inside to discover a spacious interior featuring central A/C for cooling and forced air heating for comfort all year round. The main living area opens up to a private balcony, perfect for enjoying morning coffee or relaxing conversations. Two bedrooms with carpeted floors and bath and powder room with tiled floors. Large personal storage unit in the basement. Laundry on same floor as your home. And, literally, maintenance free!

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