603 Hillcrest Ave, Wilmington, DE, 19809 | $366/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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603 Hillcrest Ave, Wilmington, DE, 19809 | $366/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Wilmington at 603 Hillcrest Ave, Wilmington, DE, 19809 listed at $324,900 pairs $2,246/mo rent with a $1,590/mo payment to leave $366/mo cash flow. Total monthly income runs $2,246/mo, and annual cash flow reaches $4,395/yr on $107,704 cash to close. Return on cash invested measures 23.99% in year one, and rental yield registers 8.3% at a $324,900 basis. Equity gained on principal adds $2,097/yr, and annual property appreciation at 5% supports $89,764 by year five. Five-year ROI tracks 124.22% and total cumulative return in cash totals $133,793. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,246/mo property income relative to a $1,590/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1923

9,148 sqft lot

$N/A/sqft

No HOA

More details about the property

Fully Renovated 3-Bedroom Home with Modern Upgrades! Welcome to this beautifully updated 3-bedroom, 1-bath home that has been completely redone from top to bottom! Step inside to find fresh paint throughout, brand-new flooring, and a stylishly renovated kitchen and bathroom that make this home move-in ready. The updated roof and HVAC offer peace of mind and long-term value. Enjoy relaxing mornings on the cozy front porch and entertain with ease on the spacious rear deck. A clean, dry basement provides ample storage space. This home combines charm with modern convenience a perfect opportunity for first-time buyers or investors alike!

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