302 River Rd APT D8WilmingtonDE19809
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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 302 River Rd APT D8, Wilmington, DE, 19809 earns $278/mo cash flow from $1,001/mo rent with a $612/mo payment. Total monthly income totals $1,001/mo, and annual cash flow totals $3,331/yr on $41,438 capital. ROI tracks 27.95% on current figures, and rental yield reads 9.61% 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 145.47% and total cumulative return in cash sums $60,281. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,001/mo property income instead of your personal income.
Condo
Built in 1968
1.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19809, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,838 (100%) |
| Owner Occupied HU | 4,754 (69.5%) |
| Renter Occupied HU | 1,772 (25.9%) |
| Vacant Housing Units | 312 ( 4.6%) |
| Median Home Value | $365,197 |
| Average Home Value | $381,712 |
Housing Distribution
Address Breakdown
Residential
6,625
Single Family
5,387
Multi-Family
1,238
Businesses
637
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Listed by: Jessica Lim • Compass
Mls Name: Bright MLS
Mls ID: #DENC2089822