245 Steeplechase CirWilmingtonDE19808
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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 245 Steeplechase Cir, Wilmington, DE, 19808 offers a 9.06% rental yield on a $435,000 purchase with $3,284/mo rent. Total monthly income registers $3,284/mo, and a $2,129/mo payment leaves $767/mo available for distribution. Annual cash flow reaches $9,206/yr on $144,203 to close, and return on cash invested stands at 26.29% in year one. Equity gained on principal adds $2,807/yr while 5% annual appreciation supports $120,182 over five years. Portfolio math shows five-year ROI at 136.57% and total cumulative return in cash at $196,932. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,284/mo property income against a $2,129/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
4,792 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: Stacy Horowitz • Long & Foster Real Estate, Inc.
Mls Name: Bright MLS
Mls ID: #DENC2089264