405 S Franklin St, Wilmington, DE, 19805 | $227/mo Cash Flow

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405 S Franklin St, Wilmington, DE, 19805 | $227/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Wilmington at 405 S Franklin St, Wilmington, DE, 19805 uses $38,123 cash to close to unlock $2,730/yr annual cash flow and $227/mo monthly cash flow. Total monthly income runs $893/mo, and a $563/mo payment keeps the spread at $227/mo. Purchase price stands at $115,000, and rental yield measures 9.32% with $893/mo rent. Return on cash invested shows 27.07% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 140.79% and total cumulative return in cash records $53,673. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $893/mo property income covering a $563/mo payment rather than investor’s personal income.

Townhouse

Built in 1900

1,307 sqft lot

$N/A/sqft

No HOA

More details about the property

Hard to find a better location in Hedgeville, one block from the park and offering easy access to downtown & 95, than with this 3BR enclosed porch-front rowhome! Lots to appreciate including a spacious living room, eat-in kitchen plus main floor laundry & powder rooms. Upstairs includes all 3 bedrooms with a centrally located full bath. This charmer is your canvas for finishing the way you like. Also enjoy the fenced rear patio/yard and wide street. Come see! Sold as is. Listing broker does not hold EMD.

Neighborhood Data

Neighborhood data shown for ZIP Code: 19805, Wilmington, DE area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	17,889 (100%)
Owner Occupied HU	9,310 (52.0%)
Renter Occupied HU	7,066 (39.5%)
Vacant Housing Units	1,513 ( 8.5%)
Median Home Value	$254,768
Average Home Value	$303,040