504 Springhill AveWilmingtonDE19809
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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 504 Springhill Ave, Wilmington, DE, 19809 earns $852/mo cash flow from $2,443/mo rent with a $1,346/mo payment. Total monthly income totals $2,443/mo, and annual cash flow totals $10,222/yr on $91,163 capital. ROI tracks 31.12% on current figures, and rental yield reads 10.66% at a $275,000 purchase. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 over five years. Five-year ROI reaches 162.45% and total cumulative return in cash sums $148,091. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,443/mo property income instead of your personal income.
Single Family
Built in 1940
7,405 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: Dan Logan • Patterson-Schwartz-Hockessin
Mls Name: Bright MLS
Mls ID: #DENC2096250