8 Morgan Ln, Wilmington, DE, 19808 | $420/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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8 Morgan Ln, Wilmington, DE, 19808 | $420/mo Cash Flow | Ziffy

Pending

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Wilmington at 8 Morgan Ln, Wilmington, DE, 19808 offers $3,718/mo rent that, after a $2,790/mo payment, leaves $420/mo cash flow. Total monthly income is $3,718/mo, and annual cash flow is $5,037/yr on $187,530 cash. Return on cash invested measures 22.75% in year one, and rental yield stands at 7.83% at a $570,000 entry. Equity gained on principal adds $3,678/yr while 5% annual appreciation compounds into $157,480 by year five. Five-year ROI records 117.49% and total cumulative return in cash reaches $220,321. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,718/mo property income versus a $2,790/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1986

0.26 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 8 Morgan Lane, a beautifully maintained 4-bedroom, 2.5-bath home located in the heart of Pike Creek. This home offers over 2,650 square feet of living space, thoughtfully designed for both everyday living and entertaining. The main level features an updated kitchen with granite countertops, stainless steel appliances, and ample cabinetry, opening to bright and inviting living and dining areas. A spacious family room provides the perfect spot to relax, complete with large windows that bring in natural light. Upstairs, youll find four generous bedrooms, including a primary suite with a walk-in closet and private bath. The large finished basement expands your living options, ideal for a home theater, playroom, gym, or office. Outside, enjoy a quiet neighborhood setting with a private wooded backyard thats perfect for grilling, gatherings, or simply unwinding. Living in Pike Creek means youre just minutes from everyday conveniencesshopping, fitness centers, as well as local favorites like Redfire Grill, Pike Creek Pizza, and Ole Tapas Lounge. Outdoor enthusiasts will love the proximity to Carousel Park, Delcastle Recreation Area, White Clay Creek State Park, and Delcastle Golf Course. With easy access to Routes 7, 2, and I-95, commuting to Wilmington, Newark, or Philadelphia is effortless. Dont miss your opportunity to own this move-in ready home in one of Pike Creek's most desirable communities. Schedule your private showing today!

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