910 N Spruce 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 910 N Spruce St, Wilmington, DE, 19801 uses $36,465 cash to close to unlock $2,615/yr annual cash flow and $218/mo monthly cash flow. Total monthly income runs $854/mo, and a $538/mo payment keeps the spread at $218/mo. Purchase price stands at $110,000, and rental yield measures 9.32% with $854/mo rent. Return on cash invested shows 27.08% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 140.78% and total cumulative return in cash records $51,336. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $854/mo property income covering a $538/mo payment rather than investor’s personal income.
Townhouse
Built in 1900
1,307 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: Kieara Simmons • BHHS Fox & Roach-Concord
Mls Name: Bright MLS
Mls ID: #DENC2095940