3810 Katherine AveWilmingtonDE19808
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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
Investment property for sale in Wilmington at 3810 Katherine Ave, Wilmington, DE, 19808 earns $531/mo cash flow from $2,700/mo rent with a $1,835/mo payment. Total monthly income totals $2,700/mo, and annual cash flow totals $6,368/yr on $124,313 capital. ROI tracks 25.03% on current figures, and rental yield reads 8.64% at a $375,000 purchase. Equity gained on principal adds $2,420/yr, and 5% annual appreciation supports $103,606 over five years. Five-year ROI reaches 129.79% and total cumulative return in cash sums $161,343. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,700/mo property income instead of your personal income.
Single Family
Built in 1953
0.28 Acres 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: Teresa Foster • VRA Realty
Mls Name: Bright MLS
Mls ID: #DENC2093204