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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Wilmington at 9 E 40th St #4, Wilmington, DE, 19802 generates $1,680/mo in rent, after a $3,475/mo payment. Total monthly income is $1,680/mo. Return on cash invested sits at 7.59% in year one, and rental yield is 2.84% on a $710,000 entry. Equity gained on principal adds $4,582/yr, while 5% annual appreciation builds toward $196,160 over five years. Five-year ROI reaches 36.2% and total cumulative return in cash sums $84,551. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,680/mo property income rather than buyer’s personal income.
Multi Family
Built in 1930
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 19802, Wilmington, DE area.
| 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 |
Residential
10,689
Single Family
8,790
Multi-Family
1,899
Businesses
545
Date | Event | Price |
|---|---|---|
| 2025-03-06 | Price change | $710,000 |
| 2025-03-03 | Listed for sale | $720,000 |
| 2025-02-07 | Listing removed | $730,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Hovik Nazarian • Long & Foster Real Estate, Inc.
Mls Name: Long & Foster Broker Feed
Mls Provider:
Mls ID: #DENC2067984
Disclaimer: Listing information is deemed reliable, but not guaranteed.
