713 Dorcaster DrWilmingtonDE19808
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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 713 Dorcaster Dr, Wilmington, DE, 19808 priced at $319,900 pairs $2,731/mo rent with $880/mo cash flow after a $1,566/mo payment. Total monthly income equals $2,731/mo, and annual cash flow comes to $10,557/yr on $106,047 invested. Return on cash invested is 29.86% in year one, and rental yield stands at 10.24% on a $319,900 basis. Equity gained on principal adds $2,064/yr, and 5% annual appreciation accumulates to $88,382 by year five. Five-year ROI measures 155.71% and total cumulative return in cash reaches $165,128. For financing, Ziffy Mortgage’s DSCR program evaluates $2,731/mo property income against a $1,566/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1956
10,019 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: Mr. Earl Endrich • BHHS Fox & Roach - Hockessin
Mls Name: Bright MLS
Mls ID: #DENC2091568