624 S Heald 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
Rental property for sale in Wilmington at 624 S Heald St, Wilmington, DE, 19801 priced at $209,900 converts $1,506/mo rent into $292/mo cash flow after a $1,027/mo obligation. Total monthly income equals $1,506/mo, and annual cash flow totals $3,502/yr on $69,582 invested. Return on cash invested prints 24.94% in year one, and rental yield reads 8.61% against a $209,900 entry. Equity gained on principal adds $1,354/yr, while 5% annual appreciation compiles into $57,992 by year five. Five-year ROI reaches 129.3% and total cumulative return in cash sums $89,972. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,506/mo property income covering a $1,027/mo payment, not borrower’s personal income.
Townhouse
Built in 1900
1,307 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: Kris Clark • Coastal Real Estate Group, LLC
Mls Name: Bright MLS
Mls ID: #DENC2089458