412 Nichols AveWilmingtonDE19803
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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 412 Nichols Ave, Wilmington, DE, 19803 offers a 8.64% rental yield on a $500,000 purchase with $3,601/mo rent. Total monthly income registers $3,601/mo, and a $2,447/mo payment leaves $708/mo available for distribution. Annual cash flow reaches $8,498/yr on $165,750 to close, and return on cash invested stands at 25.04% in year one. Equity gained on principal adds $3,226/yr while 5% annual appreciation supports $138,141 over five years. Portfolio math shows five-year ROI at 129.81% and total cumulative return in cash at $215,168. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,601/mo property income against a $2,447/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19803, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,191 (100%) |
| Owner Occupied HU | 8,044 (87.5%) |
| Renter Occupied HU | 906 ( 9.9%) |
| Vacant Housing Units | 241 ( 2.6%) |
| Median Home Value | $469,463 |
| Average Home Value | $506,244 |
Housing Distribution
Address Breakdown
Residential
8,888
Single Family
8,244
Multi-Family
644
Businesses
985
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Listed by: Cole Ciber • Compass
Mls Name: Bright MLS
Mls ID: #DENC2092576