301 Matthes Ave, Wilmington, DE, 19804 | $923/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

301 Matthes Ave, Wilmington, DE, 19804 | $923/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
2 Bath
1429 sft

26 Ridge Run Rd, North East, MD, 21901

3 Bed
2 Bath
1350 sft

14 Edward Ct, Newark, DE, 19702

2 Bed
2 Bath
1250 sft

229 E Green Valley Cir, Newark, DE, 19711

3 Bed
3 Bath
3650 sft

2004 S College Ave, Newark, DE, 19702

Nearby investment properties with comparable prices

3 Bed
2 Bath
1295 sft

313 Buttonwoods Rd, Elkton, MD, 21921

2 Bed
2 Bath
868 sft

37 Cattail Ln, Elkton, MD, 21921

2 Bed
2 Bath
- sft

2200 Waters Edge Dr, Newark, DE, 19702

4 Bed
1 Bath
1752 sft

407 Star Route Rd, Elkton, MD, 21921

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Wilmington at 301 Matthes Ave, Wilmington, DE, 19804 earns $923/mo cash flow from $2,370/mo rent with a $1,224/mo payment. Total monthly income totals $2,370/mo, and annual cash flow totals $11,077/yr on $82,875 capital. ROI tracks 33.27% on current figures, and rental yield reads 11.38% at a $250,000 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,070 over five years. Five-year ROI reaches 174.06% and total cumulative return in cash sums $144,250. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,370/mo property income instead of your personal income.

Single Family

Built in 1935

3,485 sqft lot

$N/A/sqft

No HOA

More details about the property

Awesome and Affordable! This 3 br, 1 full bath twin is well maintained and is on move in condition. Nice fenced yard with a shed and patio. The first floor features a nice eat in kitchen, dining room, and living room. The laundry room is also on the main level. The upper level includes 3 bedrooms and a full bath. The basement offers plenty of storage space and a walkout. This is a great house at a great price.

Neighborhood Data

Neighborhood data shown for ZIP Code: 19804, Wilmington, DE area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,826 (100%)
Owner Occupied HU	5,844 (74.7%)
Renter Occupied HU	1,627 (20.8%)
Vacant Housing Units	355 ( 4.5%)
Median Home Value	$281,986
Average Home Value	$345,482