338 S Waterford LnWilmingtonDE19808
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
Investment Highlights
Investment property for sale in Wilmington at 338 S Waterford Ln, Wilmington, DE, 19808 at $459,900 posts ROI 26.17% with $796/mo cash flow from $3,457/mo rent. Total monthly income equals $3,457/mo, and annual cash flow records $9,551/yr on $152,457 to close. Return on cash invested measures 26.17% and rental yield reads 9.02% at the current $459,900. Equity gained on principal adds $2,968/yr, and 5% annual appreciation supports $127,062 by year five. Five-year ROI prints 135.9% and total cumulative return in cash totals $207,186.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,457/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1995
3,485 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19808, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,494 (100%) |
| Owner Occupied HU | 13,153 (79.7%) |
| Renter Occupied HU | 2,708 (16.4%) |
| Vacant Housing Units | 633 ( 3.8%) |
| Median Home Value | $373,988 |
| Average Home Value | $392,522 |
Housing Distribution
Address Breakdown
Residential
16,525
Single Family
14,994
Multi-Family
1,531
Businesses
1,118
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Listed by: Debbie Baker • Patterson-Schwartz-Hockessin
Mls Name: Bright MLS
Mls ID: #DENC2095442