305 W Delaware AveWilmingtonDE19809
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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 305 W Delaware Ave, Wilmington, DE, 19809 listed at $375,000 pairs $2,815/mo rent with a $1,835/mo payment to leave $646/mo cash flow. Total monthly income runs $2,815/mo, and annual cash flow reaches $7,748/yr on $124,313 cash to close. Return on cash invested measures 26.14% in year one, and rental yield registers 9.01% at a $375,000 basis. Equity gained on principal adds $2,420/yr, and annual property appreciation at 5% supports $103,606 by year five. Five-year ROI tracks 135.73% and total cumulative return in cash totals $168,735. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,815/mo property income relative to a $1,835/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1963
7,841 sqft 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: Shi McGuire • Weichert, Realtors - Cornerstone
Mls Name: Bright MLS
Mls ID: #DENC2096480