4 Corinne CtWilmingtonDE19809
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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 4 Corinne Ct, Wilmington, DE, 19809 with 5% annual appreciation on a $349,000 basis while $2,764/mo rent supports operations. Total monthly income totals $2,764/mo and a $1,708/mo payment preserves $745/mo for cash returns. Annual cash flow comes to $8,938/yr on $115,694 deployed, and return on cash invested reaches 27.63% in year one. Equity gained on principal adds $2,252/yr, and five-year appreciation sums $96,422 alongside rental yield of 9.5%. Five-year ROI measures 143.74% and total cumulative return in cash totals $166,296.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,764/mo property income versus a $1,708/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1925
7,405 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: Joannis Diamond • BHHS Fox & Roach-Concord
Mls Name: Bright MLS
Mls ID: #DENC2090942