511 E 3rd 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 511 E 3rd St, Wilmington, DE, 19801 generates $1,496/mo in rent and, after a $1,052/mo payment, leaves $252/mo in cash flow. Total monthly income is $1,496/mo, and annual cash flow is $3,028/yr on $71,269 invested. Return on cash invested sits at 24.16% in year one, and rental yield is 8.35% on a $214,990 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,398 over five years. Five-year ROI reaches 125.15% and total cumulative return in cash sums $89,194. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,496/mo property income rather than buyer’s personal income.
Townhouse
Built in 1890
1,307 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: Dennis Ezeogu • Deneze Realty LLC
Mls Name: Bright MLS
Mls ID: #DENC2093924