2923 N Washington StWilmingtonDE19802
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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 2923 N Washington St, Wilmington, DE, 19802 earns $629/mo cash flow from $1,844/mo rent with a $1,028/mo payment. Total monthly income totals $1,844/mo, and annual cash flow totals $7,545/yr on $69,615 capital. ROI tracks 30.75% on current figures, and rental yield reads 10.54% at a $210,000 purchase. Equity gained on principal adds $1,355/yr, and 5% annual appreciation supports $58,019 over five years. Five-year ROI reaches 160.44% and total cumulative return in cash sums $111,688. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,844/mo property income instead of your personal income.
Townhouse
Built in 1927
1,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19802, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,669 (100%) |
| Owner Occupied HU | 6,054 (51.9%) |
| Renter Occupied HU | 4,500 (38.6%) |
| Vacant Housing Units | 1,115 ( 9.6%) |
| Median Home Value | $215,287 |
| Average Home Value | $307,286 |
Housing Distribution
Address Breakdown
Residential
10,689
Single Family
8,790
Multi-Family
1,899
Businesses
545
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Listed by: Ms. LaShawn McCray • Crown Homes Real Estate
Mls Name: Bright MLS
Mls ID: #DENC2093214