2401 Pennsylvania Ave APT 1603WilmingtonDE19806
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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 1603, Wilmington, DE, 19806 offers a 11.49% rental yield on a $215,000 purchase with $2,058/mo rent. Total monthly income registers $2,058/mo, and a $1,052/mo payment leaves $814/mo available for distribution. Annual cash flow reaches $9,772/yr on $71,273 to close, and return on cash invested stands at 33.62% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,401 over five years. Portfolio math shows five-year ROI at 175.9% and total cumulative return in cash at $125,365. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,058/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1963
N/A lot
$N/A/sqft
No 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: Kyle McKean • Long & Foster Real Estate, Inc.
Mls Name: Bright MLS
Mls ID: #DENC2093698