2309 N West StWilmingtonDE19802
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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 2309 N West St, Wilmington, DE, 19802 listed at $259,900 pairs $2,389/mo rent with a $1,272/mo payment to leave $885/mo cash flow. Total monthly income runs $2,389/mo, and annual cash flow reaches $10,623/yr on $86,157 cash to close. Return on cash invested measures 32.24% in year one, and rental yield registers 11.03% at a $259,900 basis. Equity gained on principal adds $1,677/yr, and annual property appreciation at 5% supports $71,806 by year five. Five-year ROI tracks 168.47% and total cumulative return in cash totals $145,150. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,389/mo property income relative to a $1,272/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1930
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19802, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,669 (100%) |
| Owner Occupied HU | 6,054 (51.9%) |
| Renter Occupied HU | 4,500 (38.6%) |
| Vacant Housing Units | 1,115 ( 9.6%) |
| Median Home Value | $215,287 |
| Average Home Value | $307,286 |
Housing Distribution
Address Breakdown
Residential
10,689
Single Family
8,790
Multi-Family
1,899
Businesses
545
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Listed by: Constantin Livanov • Tesla Realty Group, LLC
Mls Name: Bright MLS
Mls ID: #DENC2094990