307 Princess AveWilmingtonDE19803
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThis is a cash-flow-light asset: 307 Princess Ave, Wilmington, DE, 19803 in Wilmington, $399,900, 7.4% gross yield, $153/mo net income. Consider it a market-entry position, the $2,467/mo rent covers the $1,798/mo payment with a margin, and 5%/yr appreciation is projected to add $110,485 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.37) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $160,825.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.4% | 6.5% |
| Monthly Cash Flow | $153 | $1,250 |
City averages based on Wilmington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,467 |
| Total Monthly Debt Service | $2,155 |
| DSCR Ratio | 1.14x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1971
9,148 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19803, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,191 (100%) |
| Owner Occupied HU | 8,044 (87.5%) |
| Renter Occupied HU | 906 ( 9.9%) |
| Vacant Housing Units | 241 ( 2.6%) |
| Median Home Value | $469,463 |
| Average Home Value | $506,244 |
Housing Distribution
Address Breakdown
Residential
8,888
Single Family
8,244
Multi-Family
644
Businesses
985
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1971
9,148 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19803, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,191 (100%) |
| Owner Occupied HU | 8,044 (87.5%) |
| Renter Occupied HU | 906 ( 9.9%) |
| Vacant Housing Units | 241 ( 2.6%) |
| Median Home Value | $469,463 |
| Average Home Value | $506,244 |
Housing Distribution
Address Breakdown
Residential
8,888
Single Family
8,244
Multi-Family
644
Businesses
985
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joe Kreisher • RE/MAX Associates
Mls Name: Bright MLS
Mls ID: #DENC2088440