7 Ridge BlvdWilmingtonDE19808
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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 7 Ridge Blvd, Wilmington, DE, 19808 uses $102,765 cash to close to unlock $4,015/yr annual cash flow and $335/mo monthly cash flow. Total monthly income runs $2,128/mo, and a $1,517/mo payment keeps the spread at $335/mo. Purchase price stands at $310,000, and rental yield measures 8.24% with $2,128/mo rent. Return on cash invested shows 23.82% in year one, and 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 123.27% and total cumulative return in cash records $126,679. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,128/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Townhouse
Built in 1991
1,742 sqft lot
$N/A/sqft
No HOA
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
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Listed by: Kyle McKean • Long & Foster Real Estate, Inc.
Mls Name: Bright MLS
Mls ID: #DENC2088698