813 Vandever AveWilmingtonDE19802
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 813 Vandever Ave, Wilmington, DE, 19802 in Wilmington. At $158,000 it earns $1,189/mo in rent and distributes $275/mo to the owner after the $710/mo payment, a consistent 9.03% yield. DSCR 1.67 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $43,652 in value; $1,455/yr in principal paydown compounds ownership stake. Total projected return: $77,395.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 6.5% |
| Monthly Cash Flow | $275 | $1,250 |
City averages based on Wilmington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,189 |
| Total Monthly Debt Service | $851 |
| DSCR Ratio | 1.40x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1900
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19802, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,669 (100%) |
| Owner Occupied HU | 6,054 (51.9%) |
| Renter Occupied HU | 4,500 (38.6%) |
| Vacant Housing Units | 1,115 ( 9.6%) |
| Median Home Value | $215,287 |
| Average Home Value | $307,286 |
Housing Distribution
Address Breakdown
Residential
10,689
Single Family
8,790
Multi-Family
1,899
Businesses
545
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Townhouse
Built in 1900
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19802, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,669 (100%) |
| Owner Occupied HU | 6,054 (51.9%) |
| Renter Occupied HU | 4,500 (38.6%) |
| Vacant Housing Units | 1,115 ( 9.6%) |
| Median Home Value | $215,287 |
| Average Home Value | $307,286 |
Housing Distribution
Address Breakdown
Residential
10,689
Single Family
8,790
Multi-Family
1,899
Businesses
545
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: VETA MCCARTHER • VRA Realty
Mls Name: Bright MLS
Mls ID: #DENC2087992