637 Harrington StWilmingtonDE19805
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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 637 Harrington St, Wilmington, DE, 19805 listed at $295,000 pairs $2,387/mo rent with a $1,444/mo payment to leave $680/mo cash flow. Total monthly income runs $2,387/mo, and annual cash flow reaches $8,160/yr on $97,793 cash to close. Return on cash invested measures 28.25% in year one, and rental yield registers 9.71% at a $295,000 basis. Equity gained on principal adds $1,904/yr, and annual property appreciation at 5% supports $81,503 by year five. Five-year ROI tracks 147.06% and total cumulative return in cash totals $143,810. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,387/mo property income relative to a $1,444/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1918
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19805, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,889 (100%) |
| Owner Occupied HU | 9,310 (52.0%) |
| Renter Occupied HU | 7,066 (39.5%) |
| Vacant Housing Units | 1,513 ( 8.5%) |
| Median Home Value | $254,768 |
| Average Home Value | $303,040 |
Housing Distribution
Address Breakdown
Residential
16,084
Single Family
15,078
Multi-Family
1,006
Businesses
1,054
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Listed by: Brian Hadley • Patterson-Schwartz-Hockessin
Mls Name: Bright MLS
Mls ID: #DENC2095770