509 Taylor StWilmingtonDE19801
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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
Rental property for sale in Wilmington at 509 Taylor St, Wilmington, DE, 19801 priced at $165,000 pairs $1,308/mo rent with $353/mo cash flow after a $808/mo payment. Total monthly income equals $1,308/mo, and annual cash flow comes to $4,235/yr on $54,698 invested. Return on cash invested is 27.65% in year one, and rental yield stands at 9.51% on a $165,000 basis. Equity gained on principal adds $1,065/yr, and 5% annual appreciation accumulates to $45,586 by year five. Five-year ROI measures 143.83% and total cumulative return in cash reaches $78,671. For financing, Ziffy Mortgage’s DSCR program evaluates $1,308/mo property income against a $808/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19801, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,816 (100%) |
| Owner Occupied HU | 2,137 (21.8%) |
| Renter Occupied HU | 6,162 (62.8%) |
| Vacant Housing Units | 1,517 (15.5%) |
| Median Home Value | $203,736 |
| Average Home Value | $246,222 |
Housing Distribution
Address Breakdown
Residential
8,168
Single Family
4,760
Multi-Family
3,408
Businesses
1,281
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Listed by: Lynette Scott • Presto Realty Company
Mls Name: Bright MLS
Mls ID: #DENC2094050