3103 Ruby DrWilmingtonDE19810
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 3103 Ruby Dr, Wilmington, DE, 19810 in Wilmington hard to pass up. The 10.68% gross yield on a $295,000 purchase results in $2,626/mo in rent and $917/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (1.98). Annual cash flow of $11,000, five-year appreciation of $81,503, and $2,717/yr in equity build-up combine for a projected total cumulative return of $170,442.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.7% | 6.5% |
| Monthly Cash Flow | $917 | $1,250 |
City averages based on Wilmington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,626 |
| Total Monthly Debt Service | $1,590 |
| DSCR Ratio | 1.65x |
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.
Townhouse
Built in 1977
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19810, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,908 (100%) |
| Owner Occupied HU | 8,486 (77.8%) |
| Renter Occupied HU | 1,968 (18.0%) |
| Vacant Housing Units | 454 ( 4.2%) |
| Median Home Value | $439,315 |
| Average Home Value | $459,347 |
Housing Distribution
Address Breakdown
Residential
10,755
Single Family
9,629
Multi-Family
1,126
Businesses
524
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
Townhouse
Built in 1977
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19810, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,908 (100%) |
| Owner Occupied HU | 8,486 (77.8%) |
| Renter Occupied HU | 1,968 (18.0%) |
| Vacant Housing Units | 454 ( 4.2%) |
| Median Home Value | $439,315 |
| Average Home Value | $459,347 |
Housing Distribution
Address Breakdown
Residential
10,755
Single Family
9,629
Multi-Family
1,126
Businesses
524
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brian Ferreira • BHHS Fox & Roach-Greenville
Mls Name: Bright MLS
Mls ID: #DENC2094208