302 E 23rd 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
Rental property for sale in Wilmington at 302 E 23rd St, Wilmington, DE, 19802 generates $1,023/mo in rent and, after a $636/mo payment, leaves $271/mo in cash flow. Total monthly income is $1,023/mo, and annual cash flow is $3,254/yr on $43,062 invested. Return on cash invested sits at 27.47% in year one, and rental yield is 9.45% on a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 142.95% and total cumulative return in cash sums $61,555. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,023/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
1,307 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: Jeff Stape • Compass
Mls Name: Bright MLS
Mls ID: #DENC2092192