8 Toby CtWilmingtonDE19808
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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 Toby Ct, Wilmington, DE, 19808 priced at $420,000 converts $3,017/mo rent into $587/mo cash flow after a $2,056/mo obligation. Total monthly income equals $3,017/mo, and annual cash flow totals $7,038/yr on $139,230 invested. Return on cash invested prints 24.96% in year one, and rental yield reads 8.62% against a $420,000 entry. Equity gained on principal adds $2,710/yr, while 5% annual appreciation compiles into $116,038 by year five. Five-year ROI reaches 129.43% and total cumulative return in cash sums $180,211. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,017/mo property income covering a $2,056/mo payment, not borrower’s personal income.
Single Family
Built in 1958
0.30 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: Sumeet Malik • Compass
Mls Name: Bright MLS
Mls ID: #DENC2095304