4509 Griffin Dr, Wilmington, DE, 19808 | $599/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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4509 Griffin Dr, Wilmington, DE, 19808 | $599/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 4509 Griffin Dr, Wilmington, DE, 19808 offers a 8.58% rental yield on a $439,900 purchase with $3,144/mo rent. Total monthly income registers $3,144/mo, and a $2,153/mo payment leaves $599/mo available for distribution. Annual cash flow reaches $7,185/yr on $145,827 to close, and return on cash invested stands at 24.84% in year one. Equity gained on principal adds $2,839/yr while 5% annual appreciation supports $121,536 over five years. Portfolio math shows five-year ROI at 128.74% and total cumulative return in cash at $187,731. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,144/mo property income against a $2,153/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1962

9,583 sqft lot

$N/A/sqft

No HOA

More details about the property

Lovingly maintained and updated with charming details, this colonial is ready for new owners to move right in and make it their own. Conveniently and centrally located, close to dining, shopping and within the Red Clay Consolidated School District. Walk up to a green lawn with blooming garden beds and mature trees. Enter into a bright open kitchen with dining nook and plenty of built in storage. A cozy living room and family room with half bath round out the first floor. Upstairs is a sizeable primary bedroom complete with renovated en suite bathroom boasting custom tile floor and surround, 3 additional bedrooms and full hall bath. Down to the basement for a large finished bonus space, laundry area and hobby room. Newer mechanicals, roof, windows, kitchen and tile will make this a smooth transition. Oversized one car garage with overhead storage, fenced rear yard, patio and shed complete the package. Welcome home.

Neighborhood Data

Neighborhood data shown for ZIP Code: 19808, Wilmington, DE area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,494 (100%)
Owner Occupied HU	13,153 (79.7%)
Renter Occupied HU	2,708 (16.4%)
Vacant Housing Units	633 ( 3.8%)
Median Home Value	$373,988
Average Home Value	$392,522