240 Niagara Falls DrWilmingtonDE19808
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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 240 Niagara Falls Dr, Wilmington, DE, 19808 with 5% annual appreciation on a $475,000 basis while $3,187/mo rent supports operations. Total monthly income totals $3,187/mo and a $2,325/mo payment preserves $438/mo for cash returns. Annual cash flow comes to $5,262/yr on $157,463 deployed, and return on cash invested reaches 23.25% in year one. Equity gained on principal adds $3,065/yr, and five-year appreciation sums $131,234 alongside rental yield of 8.05%. Five-year ROI measures 120.24% and total cumulative return in cash totals $189,331.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,187/mo property income versus a $2,325/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 2002
3,485 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19808, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,494 (100%) |
| Owner Occupied HU | 13,153 (79.7%) |
| Renter Occupied HU | 2,708 (16.4%) |
| Vacant Housing Units | 633 ( 3.8%) |
| Median Home Value | $373,988 |
| Average Home Value | $392,522 |
Housing Distribution
Address Breakdown
Residential
16,525
Single Family
14,994
Multi-Family
1,531
Businesses
1,118
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Listed by: Kyle McKean • Long & Foster Real Estate, Inc.
Mls Name: Bright MLS
Mls ID: #DENC2083358