8 Swanson 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 8 Swanson Dr, Wilmington, DE, 19808 priced at $275,000 converts $1,969/mo rent into $378/mo cash flow after a $1,346/mo obligation. Total monthly income equals $1,969/mo, and annual cash flow totals $4,534/yr on $91,163 invested. Return on cash invested prints 24.88% in year one, and rental yield reads 8.59% against a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation compiles into $75,977 by year five. Five-year ROI reaches 128.97% and total cumulative return in cash sums $117,575. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,969/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Single Family
Built in 1955
0.31 Acres 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: Vicky Lawson • Long & Foster Real Estate, Inc.
Mls Name: Bright MLS
Mls ID: #DENC2096582