414 S Franklin 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
Investment property for sale in Wilmington at 414 S Franklin St, Wilmington, DE, 19805 listed at $205,900 pairs $2,050/mo rent with a $1,008/mo payment to leave $858/mo cash flow. Total monthly income runs $2,050/mo, and annual cash flow reaches $10,301/yr on $68,256 cash to close. Return on cash invested measures 35% in year one, and rental yield registers 11.95% at a $205,900 basis. Equity gained on principal adds $1,329/yr, and annual property appreciation at 5% supports $56,886 by year five. Five-year ROI tracks 183.28% and total cumulative return in cash totals $125,100. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,050/mo property income relative to a $1,008/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1900
1,307 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: Mario Alvarado • Concord Realty Group
Mls Name: Bright MLS
Mls ID: #DENC2094716