7 Glenway PlWilmingtonDE19804
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 7 Glenway Pl, Wilmington, DE, 19804 offers $2,168/mo rent that, after a $1,174/mo payment, leaves $780/mo cash flow. Total monthly income is $2,168/mo, and annual cash flow is $9,361/yr on $79,527 cash. Return on cash invested measures 31.68% in year one, and rental yield stands at 10.84% at a $239,900 entry. Equity gained on principal adds $1,548/yr while 5% annual appreciation compounds into $66,280 by year five. Five-year ROI records 165.49% and total cumulative return in cash reaches $131,611. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,168/mo property income versus a $1,174/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1988
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19804, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,826 (100%) |
| Owner Occupied HU | 5,844 (74.7%) |
| Renter Occupied HU | 1,627 (20.8%) |
| Vacant Housing Units | 355 ( 4.5%) |
| Median Home Value | $281,986 |
| Average Home Value | $345,482 |
Housing Distribution
Address Breakdown
Residential
7,601
Single Family
6,871
Multi-Family
730
Businesses
985
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kathy Melcher • Coldwell Banker Rowley Realtors
Mls Name: Bright MLS
Mls ID: #DENC2083204