2805 W 2nd St, Wilmington, DE, 19805 | $227/mo Cash Flow

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2805 W 2nd St, Wilmington, DE, 19805 | $227/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Wilmington at 2805 W 2nd St, Wilmington, DE, 19805 earns $227/mo cash flow from $950/mo rent with a $612/mo payment. Total monthly income totals $950/mo, and annual cash flow totals $2,719/yr on $41,438 capital. ROI tracks 26.47% on current figures, and rental yield reads 9.12% at a $125,000 purchase. Equity gained on principal adds $807/yr, and 5% annual appreciation supports $34,535 over five years. Five-year ROI reaches 137.54% and total cumulative return in cash sums $56,993. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $950/mo property income instead of your personal income.

Townhouse

Built in 1907

1,307 sqft lot

$N/A/sqft

No HOA

More details about the property

Explore a fantastic investment opportunity with this charming home at 2805 West 2nd Street. Boasting 3 comfortable bedrooms and 1.5 bathrooms over 1,125 square feet, this property is full of potential. The home includes a basement, perfect for storage or a future project space, and a fully fenced rear yard. While the home needs some updating, it's priced accordingly, offering a great chance to customize and personalize your new space. Whether you're embarking on your real estate investment journey or seeking to expand your portfolio, this home offers a compelling opportunity to add value. Come discover the possibilities and envision what this property could become! Home to be sold "as-is."

Neighborhood Data

Neighborhood data shown for ZIP Code: 19805, Wilmington, DE area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	17,889 (100%)
Owner Occupied HU	9,310 (52.0%)
Renter Occupied HU	7,066 (39.5%)
Vacant Housing Units	1,513 ( 8.5%)
Median Home Value	$254,768
Average Home Value	$303,040