938 Vandever Ave, Wilmington, DE, 19802 | $667/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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938 Vandever Ave, Wilmington, DE, 19802 | $667/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 938 Vandever Ave, Wilmington, DE, 19802 generates $1,680/mo in rent and, after a $857/mo payment, leaves $667/mo in cash flow. Total monthly income is $1,680/mo, and annual cash flow is $8,004/yr on $58,013 invested. Return on cash invested sits at 33.71% in year one, and rental yield is 11.52% on a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 176.31% and total cumulative return in cash sums $102,283. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,680/mo property income rather than buyer’s personal income.

Townhouse

Built in 1920

1,742 sqft lot

$N/A/sqft

No HOA

More details about the property

This charming townhouse seamlessly blends classic character with modern comforts. Spanning 1,325 square feet, this home features three inviting bedrooms and one and a half well-appointed bathrooms, perfect for both relaxation and entertaining. Step inside to discover a warm and welcoming porch with new Andersen windows (2022), with a transferable warranty and Anderson door (2022) with transferable warranty. The home has luxury vinyl plank flooring throughout the first level. The formal dining room sets the stage for memorable gatherings, while the bright eat-in kitchen makes meal prep a delight. Enjoy the convenience of a main floor laundry nook, complete with a washer and dryer. The full basement offers ample storage space or finish it to your heart's desire. The rear fenced in yard provides outdoor space for gardening , cookouts or enjoying fresh air. Ceiling fans throughout the home enhance comfort, ensuring a pleasant environment year-round. This property is not just a house; it's a place to create lasting memories. The property has a new roof (2022) with a transferable warranty. Don't miss the opportunity to make this delightful home your own! Close to I-95, I-495, public transportation and shopping.

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