322 Beverly PlWilmingtonDE19809
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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 322 Beverly Pl, Wilmington, DE, 19809 priced at $449,900 converts $3,314/mo rent into $711/mo cash flow after a $2,202/mo obligation. Total monthly income equals $3,314/mo, and annual cash flow totals $8,530/yr on $149,142 invested. Return on cash invested prints 25.63% in year one, and rental yield reads 8.84% against a $449,900 entry. Equity gained on principal adds $2,903/yr, while 5% annual appreciation compiles into $124,299 by year five. Five-year ROI reaches 132.98% and total cumulative return in cash sums $198,322. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,314/mo property income covering a $2,202/mo payment, not borrower’s personal income.
Single Family
Built in 1963
0.25 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: Dustin Oldfather • Compass
Mls Name: Bright MLS
Mls ID: #DENC2094586