908 Vandever Ave, Wilmington, DE, 19802 | $234/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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908 Vandever Ave, Wilmington, DE, 19802 | $234/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Wilmington at 908 Vandever Ave, Wilmington, DE, 19802 generates $957/mo in rent and, after a $612/mo payment, leaves $234/mo in cash flow. Total monthly income is $957/mo, and annual cash flow is $2,803/yr on $41,438 invested. Return on cash invested sits at 26.67% in year one, and rental yield is 9.19% on a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 138.61% and total cumulative return in cash sums $57,437. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $957/mo property income rather than buyer’s personal income.

Single Family

Built in 1920

1,742 sqft lot

$N/A/sqft

No HOA

More details about the property

Great investment property or starter home ! Great location! Close to public trasportaion, shops and medical facilities! With your imagination and some elbow grease, the possibilities are endless.

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