513 Ohio AveWilmingtonDE19805
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 513 Ohio Ave, Wilmington, DE, 19805 with 5% annual appreciation on a $226,000 basis while $1,603/mo rent supports operations. Total monthly income totals $1,603/mo and a $1,106/mo payment preserves $295/mo for cash returns. Annual cash flow comes to $3,546/yr on $74,919 deployed, and return on cash invested reaches 24.64% in year one. Equity gained on principal adds $1,458/yr, and five-year appreciation sums $62,440 alongside rental yield of 8.51%. Five-year ROI measures 127.7% and total cumulative return in cash totals $95,675.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,603/mo property income versus a $1,106/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1953
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19805, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,889 (100%) |
| Owner Occupied HU | 9,310 (52.0%) |
| Renter Occupied HU | 7,066 (39.5%) |
| Vacant Housing Units | 1,513 ( 8.5%) |
| Median Home Value | $254,768 |
| Average Home Value | $303,040 |
Housing Distribution
Address Breakdown
Residential
16,084
Single Family
15,078
Multi-Family
1,006
Businesses
1,054
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Eddie Barksdale • Barksdale & Affiliates Realty
Mls Name: Bright MLS
Mls ID: #DENC2091736