24 W Reamer AveWilmingtonDE19804
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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 24 W Reamer Ave, Wilmington, DE, 19804 listed at $288,000 pairs $2,045/mo rent with a $1,410/mo payment to leave $378/mo cash flow. Total monthly income runs $2,045/mo, and annual cash flow reaches $4,538/yr on $95,472 cash to close. Return on cash invested measures 24.66% in year one, and rental yield registers 8.52% at a $288,000 basis. Equity gained on principal adds $1,858/yr, and annual property appreciation at 5% supports $79,569 by year five. Five-year ROI tracks 127.85% and total cumulative return in cash totals $122,064. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,045/mo property income relative to a $1,410/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1940
6,098 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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Listed by: Derek Eisenberg • Continental Real Estate Group
Mls Name: Bright MLS
Mls ID: #DENC2087060