9 E 24th StWilmingtonDE19802
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
Investment Highlights
Rental property for sale in Wilmington at 9 E 24th St, Wilmington, DE, 19802 priced at $112,500 converts $854/mo rent into $203/mo cash flow after a $551/mo obligation. Total monthly income equals $854/mo, and annual cash flow totals $2,432/yr on $37,294 invested. Return on cash invested prints 26.43% in year one, and rental yield reads 9.11% against a $112,500 entry. Equity gained on principal adds $726/yr, while 5% annual appreciation compiles into $31,082 by year five. Five-year ROI reaches 137.34% and total cumulative return in cash sums $51,220. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $854/mo property income covering a $551/mo payment, not borrower’s personal income.
Townhouse
Built in 1922
871 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: Robert Miller • Luke Real Estate
Mls Name: Bright MLS
Mls ID: #DENC2091716