916 Dover AveWilmingtonDE19805
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
Investment property for sale in Wilmington at 916 Dover Ave, Wilmington, DE, 19805 uses $78,897 cash to close to unlock $3,633/yr annual cash flow and $303/mo monthly cash flow. Total monthly income runs $1,680/mo, and a $1,165/mo payment keeps the spread at $303/mo. Purchase price stands at $238,000, and rental yield measures 8.47% with $1,680/mo rent. Return on cash invested shows 24.51% in year one, and 5% annual appreciation builds toward $65,755 over five years. Five-year ROI reaches 127.03% and total cumulative return in cash records $100,222. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,680/mo property income covering a $1,165/mo payment rather than investor’s personal income.
Townhouse
Built in 1944
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19805, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,889 (100%) |
| Owner Occupied HU | 9,310 (52.0%) |
| Renter Occupied HU | 7,066 (39.5%) |
| Vacant Housing Units | 1,513 ( 8.5%) |
| Median Home Value | $254,768 |
| Average Home Value | $303,040 |
Housing Distribution
Address Breakdown
Residential
16,084
Single Family
15,078
Multi-Family
1,006
Businesses
1,054
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: VETA MCCARTHER • VRA Realty
Mls Name: Bright MLS
Mls ID: #DENC2096174