605 W 8th 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
Investment property for sale in Wilmington at 605 W 8th St, Wilmington, DE, 19801 uses $74,554 cash to close to unlock $8,862/yr annual cash flow and $738/mo monthly cash flow. Total monthly income runs $2,040/mo, and a $1,101/mo payment keeps the spread at $738/mo. Purchase price stands at $224,900, and rental yield measures 10.88% with $2,040/mo rent. Return on cash invested shows 31.79% in year one, and 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 166.08% and total cumulative return in cash records $123,817. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,040/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Townhouse
Built in 1890
1,306 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: Sharon Stewart • EXP Realty, LLC
Mls Name: Bright MLS
Mls ID: #DENC2095410