816 Wilson RdWilmingtonDE19803
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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
Investment Highlights
Rental property for sale in Wilmington at 816 Wilson Rd, Wilmington, DE, 19803 priced at $360,000 pairs $3,000/mo rent with $917/mo cash flow after a $1,762/mo payment. Total monthly income equals $3,000/mo, and annual cash flow comes to $11,004/yr on $119,340 invested. Return on cash invested is 29.13% in year one, and rental yield stands at 10% on a $360,000 basis. Equity gained on principal adds $2,323/yr, and 5% annual appreciation accumulates to $99,461 by year five. Five-year ROI measures 151.75% and total cumulative return in cash reaches $181,101. For financing, Ziffy Mortgage’s DSCR program evaluates $3,000/mo property income against a $1,762/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1955
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19803, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,191 (100%) |
| Owner Occupied HU | 8,044 (87.5%) |
| Renter Occupied HU | 906 ( 9.9%) |
| Vacant Housing Units | 241 ( 2.6%) |
| Median Home Value | $469,463 |
| Average Home Value | $506,244 |
Housing Distribution
Address Breakdown
Residential
8,888
Single Family
8,244
Multi-Family
644
Businesses
985
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Listed by: Chris Nolte • Coldwell Banker Realty
Mls Name: Bright MLS
Mls ID: #DENC2094002