49 Bancroft Mls #2D, Wilmington, DE, 19806 | $1,225/mo Cash Flow

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49 Bancroft Mls #2D, Wilmington, DE, 19806 | $1,225/mo Cash Flow | Ziffy

For Sale

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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 49 Bancroft Mls #2D, Wilmington, DE, 19806 offers a 11.76% rental yield on a $305,000 purchase with $2,990/mo rent. Total monthly income registers $2,990/mo, and a $1,493/mo payment leaves $1,225/mo available for distribution. Annual cash flow reaches $14,701/yr on $101,108 to close, and return on cash invested stands at 34.45% in year one. Equity gained on principal adds $1,968/yr while 5% annual appreciation supports $84,266 over five years. Portfolio math shows five-year ROI at 180.33% and total cumulative return in cash at $182,326. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,990/mo property income against a $1,493/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

Riverview one bedroom with office (or two bedroom) condo. Remodeled in 2021 with new master bath, half bath, floors, kitchen and master bedroom suite with large walk-in closet. Quiet building with great views and 2 minute access to Alapocas state park. Walk to trolley square or the art museum or Bancroft park. 5 minutes from I95 and downtown Wilmington.

Neighborhood Data

Neighborhood data shown for ZIP Code: 19806, Wilmington, DE area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,288 (100%)
Owner Occupied HU	2,978 (47.4%)
Renter Occupied HU	2,769 (44.0%)
Vacant Housing Units	541 ( 8.6%)
Median Home Value	$472,552
Average Home Value	$509,621