2318 N Market StWilmingtonDE19802
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 2318 N Market St, Wilmington, DE, 19802 in Wilmington. Priced at $185,000, it generates $2,088/mo in gross rent and $1,018/mo in net monthly cash flow, a 13.54% yield that comfortably supports the 2.51 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $12,211. Five-year appreciation: $51,112. Equity from principal paydown: $1,704/yr. Total projected cumulative return: $135,353.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.5% | 6.5% |
| Monthly Cash Flow | $1,018 | $1,250 |
City averages based on Wilmington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,088 |
| Total Monthly Debt Service | $997 |
| DSCR Ratio | 2.09x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1925
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
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
Multi Family
Built in 1925
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dwayne Geames • My Real Estate Store
Mls Name: Bright MLS
Mls ID: #DENC2093624