906 N Madison StWilmingtonDE19801
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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
Investment property for sale in Wilmington at 906 N Madison St, Wilmington, DE, 19801 offers a 7.57% rental yield on a $360,000 purchase with $2,272/mo rent. Total monthly income registers $2,272/mo, and a $1,762/mo payment leaves $189/mo available for distribution. Annual cash flow reaches $2,268/yr on $119,340 to close, and return on cash invested stands at 21.81% in year one. Equity gained on principal adds $2,323/yr while 5% annual appreciation supports $99,461 over five years. Portfolio math shows five-year ROI at 112.5% and total cumulative return in cash at $134,253. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,272/mo property income against a $1,762/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1840
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19801, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,816 (100%) |
| Owner Occupied HU | 2,137 (21.8%) |
| Renter Occupied HU | 6,162 (62.8%) |
| Vacant Housing Units | 1,517 (15.5%) |
| Median Home Value | $203,736 |
| Average Home Value | $246,222 |
Housing Distribution
Address Breakdown
Residential
8,168
Single Family
4,760
Multi-Family
3,408
Businesses
1,281
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Listed by: Michele Endrich • BHHS Fox & Roach - Hockessin
Mls Name: Bright MLS
Mls ID: #DENC2094920