2401 Pennsylvania Ave APT 1406WilmingtonDE19806
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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 2401 Pennsylvania Ave APT 1406, Wilmington, DE, 19806 earns $530/mo cash flow from $2,608/mo rent with a $1,077/mo payment. Total monthly income totals $2,608/mo, and annual cash flow totals $6,361/yr on $72,930 capital. ROI tracks 28.63% on current figures, and rental yield reads 14.23% at a $220,000 purchase. Equity gained on principal adds $1,420/yr, and 5% annual appreciation supports $60,782 over five years. Five-year ROI reaches 153.96% and total cumulative return in cash sums $112,283. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,608/mo property income instead of your personal income.
Condo
Built in 1963
N/A lot
$N/A/sqft
$745 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19806, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,288 (100%) |
| Owner Occupied HU | 2,978 (47.4%) |
| Renter Occupied HU | 2,769 (44.0%) |
| Vacant Housing Units | 541 ( 8.6%) |
| Median Home Value | $472,552 |
| Average Home Value | $509,621 |
Housing Distribution
Address Breakdown
Residential
6,022
Single Family
2,875
Multi-Family
3,147
Businesses
440
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Listed by: N/A • N/A
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