407 N Rodney StWilmingtonDE19805
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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
Rental property for sale in Wilmington at 407 N Rodney St, Wilmington, DE, 19805 priced at $224,900 converts $2,060/mo rent into $758/mo cash flow after a $1,101/mo obligation. Total monthly income equals $2,060/mo, and annual cash flow totals $9,102/yr on $74,554 invested. Return on cash invested prints 32.12% in year one, and rental yield reads 10.99% against a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation compiles into $62,136 by year five. Five-year ROI reaches 167.82% and total cumulative return in cash sums $125,113. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,060/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Townhouse
Built in 1900
871 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
16,084
Single Family
15,078
Multi-Family
1,006
Businesses
1,054
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Listed by: Shane Pezick • RE/MAX Associates-Wilmington
Mls Name: Bright MLS
Mls ID: #DENC2092774