2505 Channin DrWilmingtonDE19810
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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 2505 Channin Dr, Wilmington, DE, 19810 listed at $449,900 pairs $2,743/mo rent with a $2,202/mo payment to leave $140/mo cash flow. Total monthly income runs $2,743/mo, and annual cash flow reaches $1,678/yr on $149,142 cash to close. Return on cash invested measures 21.03% in year one, and rental yield registers 7.32% at a $449,900 basis. Equity gained on principal adds $2,903/yr, and annual property appreciation at 5% supports $124,299 by year five. Five-year ROI tracks 108.34% and total cumulative return in cash totals $161,578. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,743/mo property income relative to a $2,202/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1972
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19810, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,908 (100%) |
| Owner Occupied HU | 8,486 (77.8%) |
| Renter Occupied HU | 1,968 (18.0%) |
| Vacant Housing Units | 454 ( 4.2%) |
| Median Home Value | $439,315 |
| Average Home Value | $459,347 |
Housing Distribution
Address Breakdown
Residential
10,755
Single Family
9,629
Multi-Family
1,126
Businesses
524
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Listed by: Brooke May-Lynch • Keller Williams Real Estate - Media
Mls Name: Bright MLS
Mls ID: #DENC2085452