516 W 30th StWilmingtonDE19802
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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 516 W 30th St, Wilmington, DE, 19802 uses $82,842 cash to close to unlock $8,210/yr annual cash flow and $684/mo monthly cash flow. Total monthly income runs $2,130/mo, and a $1,223/mo payment keeps the spread at $684/mo. Purchase price stands at $249,900, and rental yield measures 10.23% with $2,130/mo rent. Return on cash invested shows 29.82% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 155.52% and total cumulative return in cash records $128,834. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,130/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Townhouse
Built in 1930
1,307 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19802, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,669 (100%) |
| Owner Occupied HU | 6,054 (51.9%) |
| Renter Occupied HU | 4,500 (38.6%) |
| Vacant Housing Units | 1,115 ( 9.6%) |
| Median Home Value | $215,287 |
| Average Home Value | $307,286 |
Housing Distribution
Address Breakdown
Residential
10,689
Single Family
8,790
Multi-Family
1,899
Businesses
545
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Listed by: Tony Carlton • RE/MAX Associates-Wilmington
Mls Name: Bright MLS
Mls ID: #DENC2095890