2306 Maxwellton RdWilmingtonDE19804
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
Investment property for sale in Wilmington at 2306 Maxwellton Rd, Wilmington, DE, 19804 offers a 10.92% rental yield on a $320,000 purchase with $2,912/mo rent. Total monthly income registers $2,912/mo, and a $1,566/mo payment leaves $1,061/mo available for distribution. Annual cash flow reaches $12,728/yr on $106,080 to close, and return on cash invested stands at 31.91% in year one. Equity gained on principal adds $2,065/yr while 5% annual appreciation supports $88,410 over five years. Portfolio math shows five-year ROI at 166.67% and total cumulative return in cash at $176,799. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,912/mo property income against a $1,566/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19804, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,826 (100%) |
| Owner Occupied HU | 5,844 (74.7%) |
| Renter Occupied HU | 1,627 (20.8%) |
| Vacant Housing Units | 355 ( 4.5%) |
| Median Home Value | $281,986 |
| Average Home Value | $345,482 |
Housing Distribution
Address Breakdown
Residential
7,601
Single Family
6,871
Multi-Family
730
Businesses
985
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Nearby investment properties with comparable prices
Listed by: Julie Spagnolo • Northrop Realty
Mls Name: Bright MLS
Mls Provider:
Mls ID: #DENC2083274
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