624 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
Rental property for sale in Wilmington at 624 W 8th St, Wilmington, DE, 19801 generates $1,077/mo in rent and, after a $685/mo payment, leaves $267/mo in cash flow. Total monthly income is $1,077/mo, and annual cash flow is $3,207/yr on $46,377 invested. Return on cash invested sits at 26.82% in year one, and rental yield is 9.24% on a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 139.5% and total cumulative return in cash sums $64,695. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,077/mo property income rather than buyer’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: Kevin Melloy • Tesla Realty Group, LLC
Mls Name: Bright MLS
Mls ID: #DENC2093308