47 S Cannon DrWilmingtonDE19809
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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 47 S Cannon Dr, Wilmington, DE, 19809 offers a 9.39% rental yield on a $169,000 purchase with $1,322/mo rent. Total monthly income registers $1,322/mo, and a $827/mo payment leaves $344/mo available for distribution. Annual cash flow reaches $4,132/yr on $56,024 to close, and return on cash invested stands at 27.28% in year one. Equity gained on principal adds $1,091/yr while 5% annual appreciation supports $46,692 over five years. Portfolio math shows five-year ROI at 141.92% and total cumulative return in cash at $79,507. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,322/mo property income against a $827/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1940
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19809, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,838 (100%) |
| Owner Occupied HU | 4,754 (69.5%) |
| Renter Occupied HU | 1,772 (25.9%) |
| Vacant Housing Units | 312 ( 4.6%) |
| Median Home Value | $365,197 |
| Average Home Value | $381,712 |
Housing Distribution
Address Breakdown
Residential
6,625
Single Family
5,387
Multi-Family
1,238
Businesses
637
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Listed by: Shane Pezick • RE/MAX Associates-Wilmington
Mls Name: Bright MLS
Mls ID: #DENC2095596