2904 W 3rd St, Wilmington, DE, 19805 | $410/mo Cash Flow

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2904 W 3rd St, Wilmington, DE, 19805 | $410/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Listed for sale 7 days ago

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

Rental property for sale in Wilmington at 2904 W 3rd St, Wilmington, DE, 19805 generates $1,566/mo in rent and, after a $978/mo payment, leaves $410/mo in cash flow. Total monthly income is $1,566/mo, and annual cash flow is $4,917/yr on $66,267 invested. Return on cash invested sits at 27.33% in year one, and rental yield is 9.4% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 142.12% and total cumulative return in cash sums $94,177. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,566/mo property income rather than buyer’s personal income.

Townhouse

Built in 1951

2,614 sqft lot

$N/A/sqft

No HOA

More details about the property

What an opportunity to own a lot and end unit townhouse together!! The lot is included with this home sale. The lot and home are on separate tax parcels, but being sold together! A little sweat equity will make this home a gem!!! Hardwood floors all throughout! Three bedrooms, one and a half bath, formal living room, dining room, and dated kitchen that can be brought alive with renovation! Excellent opportunity to own a home and a lot together. This home has central air , and a finished basement. Minutes away from Greenville and Hockessin!!! Take a look at this opportunity and bring your offer. This home will not last long because its priced perfectly!!! Check the comparables in the area once renovated!

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