610 Concord AveWilmingtonDE19802
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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 610 Concord Ave, Wilmington, DE, 19802 offers $2,101/mo rent that, after a $2,007/mo payment. Total monthly income is $2,101/mo. Return on cash invested measures 17.51% in year one, and rental yield stands at 6.15% at a $410,000 entry. Equity gained on principal adds $2,646/yr while 5% annual appreciation compounds into $113,275 by year five. Five-year ROI records 89.47% and total cumulative return in cash reaches $121,607. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,101/mo property income versus a $2,007/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1920
3,049 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: Alphonse Rouse • Bergamot Realty, LLC
Mls Name: Bright MLS
Mls ID: #DENC2087110