611 Cheltenham RdWilmingtonDE19808
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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 611 Cheltenham Rd, Wilmington, DE, 19808 at $599,000 posts ROI 18.66% with from $3,360/mo rent. Total monthly income equals $3,360/mo. Return on cash invested measures 18.66% and rental yield reads 6.73% at the current $599,000. Equity gained on principal adds $3,865/yr, and 5% annual appreciation supports $165,493 by year five. Five-year ROI prints 95.84% and total cumulative return in cash totals $188,878. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,360/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1973
0.57 Acres lot
$N/A/sqft
$475 annually HOA
More details about the property
This spacious and inviting 4-bedroom, 2.5-bathroom home offers the perfect blend of charm, comfort, and modern updates. From the moment you enter, youll appreciate the gleaming hardwood floors throughout the main level and the warm, welcoming ambiance created by the wood-burning fireplace in the bright and airy living room.
The layout flows effortlessly into the dining area and kitchen, which features abundant cabinet space, a pantry, a brand-new microwave, and a dishwasher replaced just two years ago. Step out from the dining area onto a peaceful deck that overlooks a serene backyard oasiscomplete with a waterfall stream and natural landscaping that attracts birds and wildlife, creating a soothing, retreat-like atmosphere.
The main floor features three generously sized bedrooms and two full bathrooms, including a private primary suite.
The lower level has been recently upgraded with luxury vinyl plank flooring and offers even more living space, including a second cozy fireplace, a fourth bedroom, and a convenient half bathperfect for guests, a home office, or a separate entertainment area. This level also provides access to the 2-car garage, laundry area, and a walk-out to the backyard.
This home has been thoughtfully updated for modern living, with a brand-new electric heat pump HVAC system with oil backup installed in 2025, a new water heater added in 2024, and stylish new LVP flooring on the lower level. Other highlights include a spacious driveway and scenic backyard views. Nature lovers will appreciate the proximity to several beautiful parks, including Carousel Park, Brandywine Springs, Delcastle Recreation Area, and Paper Mill Parkperfect for walking, biking, and outdoor fun.
Youll also love the vibrant community atmosphere and access (membership fee applies) to the nearby Westminster Pool and Tennis Club, featuring a heated pool, tennis courts, kiddie pool, grills, and more.
Dont miss your opportunity to own this move-in ready gem in one of Wilmingtons most desirable neighborhoods611 Cheltenham Road is the perfect place to call home!
Neighborhood Data
Neighborhood data shown for ZIP Code: 19808, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,494 (100%) |
| Owner Occupied HU | 13,153 (79.7%) |
| Renter Occupied HU | 2,708 (16.4%) |
| Vacant Housing Units | 633 ( 3.8%) |
| Median Home Value | $373,988 |
| Average Home Value | $392,522 |
Housing Distribution
Address Breakdown
Residential
16,525
Single Family
14,994
Multi-Family
1,531
Businesses
1,118
Price History
Date | Event | Price |
|---|---|---|
| 2025-04-09 | Listed for sale | $599,000 |
| 2020-06-23 | Sold | $399,000 |
| 2020-05-04 | Pending sale | $399,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-14 | $4433.86 | 13.36% | $120,000 | N/A |
| 2023-04-14 | $3911.46 | -1.18% | $120,000 | N/A |
| 2022-04-14 | $3957.98 | 0.01% | $120,000 | N/A |
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1973
- Architectural Style: Raised Ranch/Rambler
- Building Area: 2,075
- Living Area: 2,075 sqft
- Property Condition: Excellent
Features & Amenities
- Heating: Forced Air, Electric, Oil
- Cooling: Central Air, Electric
- Flooring: Hardwood, Carpet, Luxury Vinyl, Wood
- Interior Features: Kitchen Island, Pantry, Recessed Lighting
- Exterior Features: Water Falls, Balcony
- Parking Features: Built In, Driveway, Attached
Location
- City: Wilmington
- State: DE
- Subdivision: Westminster
- Lot Size: 0.57 Acres
- Lot Features: Stream/Creek
- View: Creek/Stream
HOA & Fees
- HOA Fee: $475 annually
- Association Fee: $475 annually
- Fees & Dues: N/A
- Association Amenities: Pool, Tennis Court(s)
- Association Fee Includes: Common Area Maintenance, Snow Removal, Other
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Brandywine Springs
- Middle School: Alexis I. Du Pont
- High School: Thomas Mckean
Listed by: Renee Edge • Keller Williams Realty
Mls Name: Bright MLS
Mls Provider:
Mls ID: #DENC2079042
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