37 W Salisbury DrWilmingtonDE19809
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 37 W Salisbury Dr, Wilmington, DE, 19809 at $385,000 posts ROI 26.78% with $731/mo cash flow from $2,958/mo rent. Total monthly income equals $2,958/mo, and annual cash flow records $8,769/yr on $127,628 to close. Return on cash invested measures 26.78% and rental yield reads 9.22% at the current $385,000. Equity gained on principal adds $2,484/yr, and 5% annual appreciation supports $106,368 by year five. Five-year ROI prints 139.16% and total cumulative return in cash totals $177,610.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,958/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1940
8,276 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: Jen Lee • BHHS Fox & Roach-Greenville
Mls Name: Bright MLS
Mls ID: #DENC2096014