1015-1/2 Linden St · Wilmington, DE 19805

$129,999

2 bd · 1.0 ba · 850 sqft · Townhouse · 62 Days on market

Built 1900 871 sqft lot Est $122k · 6% over ↓ 2% since listing

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +28.1/30.0
• DSCR +10.0/10.0
• 1% rule +7.7/10.0
• ARV discount +4.7/15.0
• Rent growth +4.1/5.0
• Livability +3.2/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Property is currently tenant occupied. This property is being rented out for $1500 per month. This property is ideal for an instant cash flowing rental. Discover the perfect blend of cozy living and modern convenience in this fully renovated 2-bedroom, 1-bathroom home nestled in the heart of Wilmington. Key Features: Efficient Design: Embrace a smart use of space with an efficient floor plan that maximizes every square foot for comfortable living. Modern Kitchen: The recently updated kitchen features all-new appliances and contemporary finishes, providing a stylish and functional space for your culinary endeavors. Updated Bathroom: Enjoy the convenience of a modern bathroom with updated fix

Key facts

• Efficient floor plan
• Convenient location
• Modern kitchen

Tags

• EFFICIENT FLOOR PLAN
• MODERN KITCHEN
• UPDATED BATHROOM
• LOW MAINTENANCE
• CONVENIENT LOCATION

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $130k.

Deal economics

• At list price, monthly cash flow is $407 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $122k (6.0% below list) — sets the bar for market timing.
• Cap rate 10.1% vs local median 5.6% in Wilmington — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 64/100 on livability (#52 in DE) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A; Watch: employment D+, schools D, commute D.
• Christina School District (suburban): math 22% / reading 33% proficiency, ranked #18 of 26 in DE (top 69%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising fast (+6.3%/yr); 168 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 1,367 units permitted in New Castle County in 2024 (201 in 5+ unit buildings).
• This rent runs 33% of the median local income ($60k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $899 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• New Castle County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 6.3% rent growth), your $36k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 62 days — a 6% lower offer ($122k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 3y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk; major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $122,199 (6.0% below list)

Questions for the listing agent

1. It's been on market 62 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.27% ✓
• Cap rate: 10.05%
• Cash-on-cash: 13.43%
• DSCR: 1.60
• GRM: 6.6

CMA / ARV

• ARV (on-the-fly): $122,400
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4 Lower Oak St	0.24mi	2/1.0	850 (0%)	1mo	$112,500	$132	88
2 Lower Oak St	0.24mi	2/1.5	850 (0%)	1mo	$112,500	$132	86
11 Cedar St	0.35mi	2/1.0	875 (+3%)	4mo	$110,000	$126	75
908 Marshall St	0.36mi	2/1.0	775 (-9%)	1mo	$95,000	$123	68
117 N Dupont St	0.52mi	2/1.0	875 (+3%)	5mo	$138,000	$158	67
1317 Chestnut St	0.20mi	2/1.5	950 (+12%)	5mo	$85,000	$89	64
530 Harlan Blvd #510	0.39mi	1/1.0 (-1)	912 (+7%)	1mo	$282,500	$310	64
105 Christina Lndg #704	0.64mi	1/1.0 (-1)	825 (-3%)	1mo	$225,000	$273	60
210 Lower Oak St	0.33mi	2/1.0	960 (+13%)	4mo	$154,000	$160	59
105-Unit Christina Lndg #307	0.64mi	1/1.0 (-1)	825 (-3%)	2mo	$225,000	$273	58
918 Wright St	0.42mi	2/1.0	975 (+15%)	1mo	$125,000	$128	55
1409 W 4th St	0.46mi	3/1.0 (+1)	975 (+15%)	5mo	$140,000	$144	45

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 6.35% rent growth · sell at horizon

5-year hold

• IRR: 7.2%
• Equity multiple: 1.29×
• Total profit: $10,663
• Equity at exit: $19,383

10-year hold

• IRR: 19.3%
• Equity multiple: 2.87×
• Total profit: $68,110
• Equity at exit: $11,240

Cash invested: $36,400 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 70 Landlord-Friendly
• State Delaware: 70 Landlord-Friendly · D+7
• County: — inherits STATE
• City: — inherits STATE

Court of Common Pleas hears L&T; moderate-paced. No state rent control.

Methodology + full state rankings →

ZIP-level market 19805

• Rents YoY: 6.3%
• Active inventory: 168
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,653 high
• Mortgage (P&I): −$682
• Tax est. 1.5%: −$162 /mo · $1,950/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$347
• Net cashflow: $407

Break-even live

Break-even rent $1,137

Max offer price $129,999

Occupancy floor 70%

Sensitivity live

Price	-10% $497	-5% $452	+0% $407	+5% $362	+10% $318
Rent	-10% $277	-5% $342	+0% $407	+5% $473	+10% $538
Rate	-1.0pp $473	-0.5pp $440	base $407	+0.5pp $374	+1.0pp $339

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1227 Linden St Wilmington, DE	3.0	2.0	950	$1,850	$1.95	4d	1	0.12mi
1110 Read St Wilmington, DE	2.0	1.0	1100	$1,250	$1.14	21d	1	0.14mi
1114 Lancaster Ave Wilmington, DE	2.0	1.0	775	$1,400	$1.81	25d	1	0.17mi
128 Lower Oak St Wilmington, DE	2.0	1.0	871	$1,595	$1.83	0d	1	0.28mi
331 Justison St Wilmington, DE	1.0–2.0	1.0–2.0	859	$2,205	$2.57	0d	9	0.34mi
401 Justison St Wilmington, DE	1.0	1.0	787	$1,855	$2.36	0d	13	0.37mi
231 5th Ave Wilmington, DE	2.0	1.0	1050	$1,350	$1.29	44d	1	0.46mi
1401 Maryland Ave Wilmington, DE	1.0	1.0	612	$1,275	$2.08	44d	1	0.47mi
207 S DuPont St Wilmington, DE	1.0	1.5	1000	$1,495	$1.50	19d	1	0.48mi
507 W 4th St Wilmington, DE	3.0	1.5	1075	$1,800	$1.67	13d	1	0.52mi
101 Avenue of the Arts Wilmington, DE	1.0	1.0	726	$2,195	$3.02	2d	3	0.52mi
820 W 7th St Wilmington, DE	3.0	1.0	1000	$1,650	$1.65	44d	1	0.55mi
1215 W 7th St Apt 1 Wilmington, DE	1.0	1.0	1000	$1,275	$1.27	19d	1	0.56mi
617 W 6th St Unit 617 B Wilmington, DE	3.0	1.0	1000	$1,600	$1.60	6d	1	0.57mi
1815 Maple St Wilmington, DE	3.0	1.5	1100	$1,995	$1.81	0d	1	0.58mi
1000 W 8th St Unit 3 Wilmington, DE	2.0	1.0	1050	$1,695	$1.61	25d	1	0.59mi
800 N Adams St Wilmington, DE	1.0	1.0	650	$1,195	$1.84	44d	1	0.63mi
709 Windsor St Unit 3 Wilmington, DE	2.0	1.0	980	$1,500	$1.53	44d	1	0.63mi
600 N Washington St Wilmington, DE	1.0	1.0	700	$1,275	$1.82	44d	1	0.64mi
1522 W 7th St Unit 1 Wilmington, DE	2.0	1.0	900	$1,800	$2.00	5d	1	0.64mi
1507 Coleman St Wilmington, DE	2.0	1.0	650	$1,495	$2.30	25d	1	0.64mi
225 W 4th St Unit 2 Wilmington, DE	2.0	1.0	1000	$1,599	$1.60	44d	1	0.64mi
225 W 4th St Unit 1 Wilmington, DE	1.0	1.0	750	$1,399	$1.87	44d	1	0.64mi
517 N West St Wilmington, DE	1.0	1.0	646	$1,295	$2.00	25d	1	0.64mi
711 Windsor St Wilmington, DE	2.0	1.0	980	$1,460	$1.49	44d	1	0.64mi
105 Christina Landing Dr Wilmington, DE	2.0	2.0	1025	$2,400	$2.34	11d	1	0.65mi
105 Christina Landing Dr #1503 Wilmington, DE	2.0	2.0	1025	$2,500	$2.44	17d	1	0.65mi
802 N Broom St Apt 2 Wilmington, DE	2.0	21.0	800	$1,695	$2.12	23d	1	0.66mi
115 Christina Landing Dr Wilmington, DE	1.0–2.0	1.0–2.0	1195	$2,796	$2.34	2d	13	0.68mi
822 N Adams St Wilmington, DE	1.0	1.0	650	$1,225	$1.88	44d	1	0.68mi
219 S Union St Unit B Wilmington, DE	1.0	1.0	1075	$1,150	$1.07	25d	1	0.69mi
210 N Market St Wilmington, DE	1.0	1.0	746	$1,750	$2.34	3d	6	0.70mi
2 W 4th St Wilmington, DE	1.0	1.0	623	$1,908	$3.06	4d	5	0.71mi
1200 W 10th St Apt 3 Wilmington, DE	1.0	1.0	650	$1,450	$2.23	5d	1	0.75mi
703 Orange St Wilmington, DE	1.0–2.0	1.0	800	$1,475	$1.84	44d	1	0.78mi
1607 Howland St Wilmington, DE	3.0	1.0	1075	$1,900	$1.77	4d	1	0.78mi
613 W 10th St Wilmington, DE	2.0	1.0	1100	$1,745	$1.59	44d	1	0.82mi
824 N West St Wilmington, DE	1.0	1.0	700	$1,262	$1.80	44d	1	0.82mi
839 N Tatnall St Unit 303 Wilmington, DE	2.0	2.0	876	$1,475	$1.68	6d	1	0.83mi
801 N Orange St Wilmington, DE	3.0	1.0–3.0	1118	$3,211	$2.87	3d	117	0.84mi

Listing history 17 events

1. 2026-04-20
   status Pending
2. 2026-02-18
   listed $129,999 Active
3. 2026-02-16
   historical
4. 2026-02-13
   price $129,999
5. 2026-02-04
   price $132,500
6. 2026-01-20
   status Active
7. 2026-01-09
   status Pending
8. 2025-11-29
   price $139,999
9. 2025-11-11
   listed $144,999 Active
10. 2024-09-13
    historical
11. 2024-07-01
    price $129,999
12. 2024-06-07
    listed $133,000 Active
13. 2024-06-06
    historical
14. 2024-01-17
    historical
15. 2024-01-07
    price $130,000
16. 2023-12-09
    listed $133,000 Active
17. 2023-12-07
    historical

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 67% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥103°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,834
• − Mortgage interest: −$7,282
• − Property taxes: −$1,950
• − Insurance: −$650
• − Repairs & maintenance: −$1,587
• − Management: −$1,587
• − Depreciation: −$3,782
• Taxable income: $2,997
• Est. tax owed @ 24.0%: −$719
• After-tax cash flow: $4,169/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Christina School District
• NCES district ID: 1000200
• Math proficiency: 22% ▼ -12.00%
• Reading proficiency: 33% ▼ -5.00%
• Median HH income: $58,838
• Composite: 24.93/100
• National rank: #7567
• State rank: #18 of 26 in DE

Livability — Wilmington

• Score: 64/100
• State rank: #52
• US rank: #14251

Category grades

Amenities F Commute D Cost of living A+ Crime F Employment D+ Housing A Health & safety D- User ratings B+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wilmington, DE
• County: New Castle County · 483,412 people
• City population: 173,480
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 41,402
• Household income: $60,221
• Rent vs Own: 40.6% rent · 59.4% own
• Severe rent burden: 1730.0

Population outlook (New Castle County) Hauer SSP2

• Today (2025): 594,686 people
• By 2030: 609,164 · +2.4%
• By 2040: 632,154 · +6.3%
• By 2050: 649,068 · +9.1%
• By 2075: 687,771 · +15.7%
• By 2100: 694,961 · +16.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.70)
• Race & ethnicity: White 37% Black 32% Hispanic / Latino 25% Two or more races 10%
• Hispanic origin (detail): Mexican 10% Puerto Rican 10% Dominican 2%
• Common ancestry: Romanian 4% Slovak 1% Italian 1%
• Foreign-born: 9% · Canada
• Languages at home: 79% English-only · Spanish 18% French/Haitian/Cajun 1% Arabic 1%

Political lean MEDSL · New Castle

• 2024 margin: Solid D (+32.6) · D 65.5% · R 32.9% · Other 1.6%
• 2008→2024 swing: -8.1pp toward R · 2008: 40.6pp · 2024: 32.6pp
• All cycles: 2024: D+32.6 2020: D+37.1 2016: D+29.6 2012: D+34.1 2008: D+40.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -291.16%
• Current HPI: 259.1455
• Rent YoY: ▲ 6.35%
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• State GDP YoY: —
• F500 in state: 0

Price history

-2.3% since first listed

17 events — show timeline

• 2026-04-20 Pending — BRIGHT MLS
• 2026-02-18 Listed $129,999 BRIGHT MLS
• 2026-02-16 Listing Removed — BRIGHT MLS
• 2026-02-13 Price Changed $129,999 BRIGHT MLS
• 2026-02-04 Price Changed $132,500 BRIGHT MLS
• 2026-01-20 Relisted — BRIGHT MLS
• 2026-01-09 Pending — BRIGHT MLS
• 2025-11-29 Price Changed $139,999 BRIGHT MLS
• 2025-11-11 Listed $144,999 BRIGHT MLS
• 2024-09-13 Listing Removed — BRIGHT MLS
• 2024-07-01 Price Changed $129,999 BRIGHT MLS
• 2024-06-07 Listed $133,000 BRIGHT MLS
• 2024-06-06 Coming Soon — BRIGHT MLS
• 2024-01-17 Listing Removed — BRIGHT MLS
• 2024-01-07 Price Changed $130,000 BRIGHT MLS
• 2023-12-09 Listed $133,000 BRIGHT MLS
• 2023-12-07 Coming Soon — BRIGHT MLS