418 Ohio AveWilmingtonDE19805
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 418 Ohio Ave, Wilmington, DE, 19805 generates $2,600/mo in rent and, after a $1,326/mo payment, leaves $1,032/mo in cash flow. Total monthly income is $2,600/mo, and annual cash flow is $12,389/yr on $89,803 invested. Return on cash invested sits at 33.7% in year one, and rental yield is 11.52% on a $270,900 entry. Equity gained on principal adds $1,748/yr, while 5% annual appreciation builds toward $74,845 over five years. Five-year ROI reaches 176.33% and total cumulative return in cash sums $158,348. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,600/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
6,098 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A