CashFlowRE
Sign in Sign up
2009 N Tatnall St
C Composite 58.72
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 +20.1/30.0
  • ARV discount +15.0/15.0
  • DSCR +6.4/10.0
  • 1% rule +4.5/10.0
  • Rent growth +3.9/5.0
  • Livability +3.2/5.0
  • Schools +3.1/10.0
  • Condition / age +2.5/5.0
  • Appreciation +0.0/10.0

$185,000

2009 N Tatnall St · Wilmington, DE 19802
3 bd · 1.0 ba · 1,475 sqft · Townhouse public records · 213 Days on market
Built 1920 2,178 sqft lot $125/sqft · 22% below area Est $239k · 22% under

🖨 Deal sheet 📄 Offer letter ✓ Due diligence

Listing remarks MLS

LOCATION, LOCATION, LOCATION. Welcome to 2009 N Tatnall Street. This charming 3-bedroom home offers timeless character and plenty of potential. A welcoming front porch sets the stage, while original hardwood floors run through most of the home, adding warmth and classic appeal. The partially finished basement provides extra living or storage space, ready for your creative touch. Ideal for buyers or investors looking to restore a solid home. We invite you to bring your vision and restore the character of this great home. The location is walkable to city parks and Downtown Wilmington. If commuting is your preference, this home is also located in close proximity to nearby bus stops and minutes from US Route 202 / Concord Pike and I-95. Don't miss out on the opportunity to gain sweat equity in this lovely home! The home is being sold "AS IS". Sellers have added solar panels onto the house to reduce utility costs. New Owner must be approved to take over the solar panel contract which has a monthly payment of $99.11/ month. Contact Listing agent with questions. Schedule your tour today!

Key facts

  • Front porch
  • Solar panels
  • Built 1920

Tags

FRONT PORCHORIGINAL HARDWOOD FLOORSPARTIALLY FINISHED BASEMENTSOLAR PANELSWALKABLE TO CITY PARKSCLOSE PROXIMITY TO BUS STOPS

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/1.0-bath townhouse listed at $185k.

Deal economics

  • At list price, monthly cash flow is $230 ($3k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $176k (4.8% below list).
  • Recommended offer: $163k (12.0% below list) — sets the bar for market timing.
  • Cap rate 7.8% 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.
  • Red Clay Consolidated School District (suburban): math 27% / reading 42% proficiency, ranked #12 of 26 in DE (top 46%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
  • Market conditions: Rents rising fast (+5.7%/yr); 119 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 39% of the median local income ($54k/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 $1k of loan paydown is wiped out by about $6k 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.

Negotiation context

  • It's been on market 213 days — a 12% lower offer ($163k) is reasonable based on typical stale-listing flexibility.
  • 3 sale attempts since 5y 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.
  • Current owner paid $150k; 23% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

  • Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
  • Climate carrying-cost: 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 $162,800 (12.0% below list)

Questions for the listing agent

  1. It's been on market 213 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
  2. Built in 1920 — 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
0.95%
Cap rate
7.78%
Cash-on-cash
5.32%
DSCR
1.24
GRM
8.8

CMA / ARV

ARV (median comp)
$238,626
List price
$185,000
Delta
-22.47%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
2009 N Tatnall St 0.00mi 3/1.0 1,475 (0%) 1mo $170,000 $115 99
125 W 20th St 0.06mi 3/1.0 1,500 (+2%) 0mo $235,000 $157 94
305 W 21st St 0.18mi 3/1.5 1,450 (-2%) 1mo $290,000 $200 86
2321 N Tatnall St 0.20mi 3/1.5 1,525 (+3%) 0mo $216,000 $142 83
222 W 22nd St 0.12mi 3/2.5 1,525 (+3%) 1mo $265,000 $174 82
2011 N West St 0.07mi 4/1.0 (+1) 1,375 (-7%) 1mo $135,000 $98 79
24 W 30th St 0.56mi 3/2.0 1,478 (+0%) 0mo $280,000 $189 69
2412 Lamotte St 0.31mi 3/1.0 1,275 (-14%) 0mo $125,000 $98 63
1313 N Walnut St 0.40mi 2/1.0 (-1) 1,350 (-8%) 1mo $155,000 $115 62
709 E 26th St 0.56mi 3/2.5 1,375 (-7%) 0mo $230,000 $167 56
1212 N Tatnall St 0.47mi 3/1.0 1,275 (-14%) 0mo $165,000 $129 55
1018 Trenton Pl 0.75mi 3/1.5 1,400 (-5%) 1mo $274,000 $196 54

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 · 5.72% rent growth · sell at horizon

5-year hold
IRR
-5.3%
Equity multiple
0.80×
Total profit
$-10,447
Equity at exit
$27,584
10-year hold
IRR
7.1%
Equity multiple
1.60×
Total profit
$31,034
Equity at exit
$15,995

Cash invested: $51,800 (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.

ZIP-level market 19802

Rents YoY
5.7%
Active inventory
119
Price-to-rent
8.8×

Monthly cashflow live

Estimated rent
$1,761 high interval (Pro) →
Mortgage (P&I)
$970
Tax from tax record
$114 /mo · $1,373/yr
Insurance
$77
HOA
$0
Vacancy / Maint / Mgmt
$370
Net cashflow
$230

Break-even live

Break-even rent $1,470
Max offer price $185,000
Occupancy floor 82%

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
$46,250
Closing costs
$5,550
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
125 W 23rd St Wilmington, DE 4.0 2.0 1672 $1,995 $1.19 44d 1 0.19mi
306 Concord Ave Unit 2 Wilmington, DE 3.0 1.0 1100 $1,350 $1.23 44d 1 0.23mi
302 W 23rd St Unit 1 Wilmington, DE 2.0 1.0 1450 $1,295 $0.89 24d 1 0.23mi
306 W 23rd St Unit 1 Wilmington, DE 2.0 1.0 1475 $1,295 $0.88 24d 1 0.24mi
306 W 23rd St Unit 2 Wilmington, DE 2.0 1.0 1475 $1,295 $0.88 44d 1 0.24mi
314 Concord Ave Unit 2 Wilmington, DE 2.0 1.0 1300 $1,295 $1.00 24d 1 0.24mi
2401 N West St Wilmington, DE 4.0 1.0 1650 $1,900 $1.15 15d 1 0.24mi
5 E 24th St Unit 1 Wilmington, DE 3.0 1.0 1150 $1,795 $1.56 44d 1 0.26mi
409 W 20th St Unit 2 Wilmington, DE 2.0 1.0 1100 $1,500 $1.36 13d 1 0.27mi
409 W 20th St Unit 2 Wilmington, DE 2.0 1.0 1100 $1,700 $1.55 10d 1 0.27mi
103 E 24th St Unit 1 Wilmington, DE 3.0 1.0 1025 $1,795 $1.75 44d 1 0.32mi
2518 N Tatnall St Wilmington, DE 4.0 1.5 1575 $1,995 $1.27 44d 1 0.32mi
604 W 20th St Unit 2 Wilmington, DE 2.0 1.0 900 $1,195 $1.33 24d 1 0.37mi
107 W 13th St Wilmington, DE 3.0 1.5 1325 $1,895 $1.43 44d 1 0.41mi
1217 N King St Wilmington, DE 3.0 1.5 1300 $2,145 $1.65 19d 1 0.42mi
517 W 26th St Unit NA Wilmington, DE 3.0 1.5 1344 $1,900 $1.41 24d 1 0.48mi
1124 Clifford Brown Walk Wilmington, DE 2.0 1.0 1240 $1,625 $1.31 44d 1 0.53mi
400 W 29th St Wilmington, DE 3.0 1.5 1125 $1,950 $1.73 44d 1 0.54mi
2705 Speakman Pl Wilmington, DE 3.0 1.5 1100 $1,975 $1.80 13d 1 0.54mi
518 E 12th St Wilmington, DE 2.0 1.0 875 $1,425 $1.63 20d 1 0.56mi
1001 N Orange St Wilmington, DE 1.0–2.0 1.0–2.0 833 $2,135 $2.56 1d 62 0.58mi
2923 N Washington St Wilmington, DE 3.0 1.0 1225 $1,600 $1.31 2d 1 0.58mi
903 Shallcross Ave Wilmington, DE 2.0 1.5 1575 $2,195 $1.39 24d 1 0.58mi
918 E 17th St Unit 1 Wilmington, DE 3.0 1.0 1100 $1,795 $1.63 1d 1 0.60mi
3003 N Washington St Wilmington, DE 3.0 1.0 1250 $1,950 $1.56 44d 1 0.61mi
3005 N West St Wilmington, DE 3.0 1.0 1176 $1,900 $1.62 24d 1 0.62mi
913 N Market St Wilmington, DE 1.0–2.0 1.0–2.0 974 $1,985 $2.04 44d 5 0.64mi
605 E 10th St Wilmington, DE 3.0 1.0 1200 $1,850 $1.54 24d 1 0.68mi
212 W 9th St Unit 204 Wilmington, DE 2.0 2.0 1671 $1,745 $1.04 5d 1 0.69mi
212 W 9th St Unit 204 Wilmington, DE 2.0 2.0 1671 $1,795 $1.07 44d 1 0.69mi
228 W 9th St Unit 201 Wilmington, DE 2.0 2.0 1031 $1,695 $1.64 44d 1 0.69mi
116 W 9th St Wilmington, DE 1.0–2.0 1.0–2.0 813 $2,250 $2.77 2d 16 0.70mi
613 W 10th St Wilmington, DE 2.0 1.0 1100 $1,745 $1.59 44d 1 0.71mi
1004 N Spruce St Wilmington, DE 3.0 1.5 1075 $1,800 $1.67 19d 1 0.71mi
839 N Tatnall St Unit 101 Wilmington, DE 2.0 2.0 1211 $1,750 $1.45 5d 1 0.72mi
839 N Tatnall St Unit 303 Wilmington, DE 2.0 2.0 876 $1,475 $1.68 5d 1 0.72mi
1026 Bennett St Wilmington, DE 3.0 1.0 1125 $1,685 $1.50 1d 1 0.72mi
928 Kirkwood St Wilmington, DE 3.0 1.5 1150 $1,700 $1.48 17d 1 0.73mi
801 N Orange St Wilmington, DE 3.0 1.0–3.0 1118 $3,991 $3.57 3d 117 0.73mi
2601 N Heald St Wilmington, DE 3.0 1.0 1025 $1,795 $1.75 1d 1 0.74mi

Listing history 15 events

  1. 2026-05-08
    status Pending 1110-char remark
    Show marketing remark (1110 chars)

    LOCATION, LOCATION, LOCATION. Welcome to 2009 N Tatnall Street. This charming 3-bedroom home offers timeless character and plenty of potential. A welcoming front porch sets the stage, while original hardwood floors run through most of the home, adding warmth and classic appeal. The partially finished basement provides extra living or storage space, ready for your creative touch. Ideal for buyers or investors looking to restore a solid home. We invite you to bring your vision and restore the character of this great home. The location is walkable to city parks and Downtown Wilmington. If commuting is your preference, this home is also located in close proximity to nearby bus stops and minutes from US Route 202 / Concord Pike and I-95. Don't miss out on the opportunity to gain sweat equity in this lovely home! The home is being sold "AS IS". Sellers have added solar panels onto the house to reduce utility costs. New Owner must be approved to take over the solar panel contract which has a monthly payment of $99.11/ month. Contact Listing agent with questions. Schedule your tour today!

  2. 2026-05-05
    historical Active Under Contract 1110-char remark
    Show marketing remark (1110 chars)

    LOCATION, LOCATION, LOCATION. Welcome to 2009 N Tatnall Street. This charming 3-bedroom home offers timeless character and plenty of potential. A welcoming front porch sets the stage, while original hardwood floors run through most of the home, adding warmth and classic appeal. The partially finished basement provides extra living or storage space, ready for your creative touch. Ideal for buyers or investors looking to restore a solid home. We invite you to bring your vision and restore the character of this great home. The location is walkable to city parks and Downtown Wilmington. If commuting is your preference, this home is also located in close proximity to nearby bus stops and minutes from US Route 202 / Concord Pike and I-95. Don't miss out on the opportunity to gain sweat equity in this lovely home! The home is being sold "AS IS". Sellers have added solar panels onto the house to reduce utility costs. New Owner must be approved to take over the solar panel contract which has a monthly payment of $99.11/ month. Contact Listing agent with questions. Schedule your tour today!

  3. 2026-05-04
    price $185,000 1110-char remark
    Show marketing remark (1110 chars)

    LOCATION, LOCATION, LOCATION. Welcome to 2009 N Tatnall Street. This charming 3-bedroom home offers timeless character and plenty of potential. A welcoming front porch sets the stage, while original hardwood floors run through most of the home, adding warmth and classic appeal. The partially finished basement provides extra living or storage space, ready for your creative touch. Ideal for buyers or investors looking to restore a solid home. We invite you to bring your vision and restore the character of this great home. The location is walkable to city parks and Downtown Wilmington. If commuting is your preference, this home is also located in close proximity to nearby bus stops and minutes from US Route 202 / Concord Pike and I-95. Don't miss out on the opportunity to gain sweat equity in this lovely home! The home is being sold "AS IS". Sellers have added solar panels onto the house to reduce utility costs. New Owner must be approved to take over the solar panel contract which has a monthly payment of $99.11/ month. Contact Listing agent with questions. Schedule your tour today!

  4. 2025-10-31
    price $189,000 1110-char remark
    Show marketing remark (1110 chars)

    LOCATION, LOCATION, LOCATION. Welcome to 2009 N Tatnall Street. This charming 3-bedroom home offers timeless character and plenty of potential. A welcoming front porch sets the stage, while original hardwood floors run through most of the home, adding warmth and classic appeal. The partially finished basement provides extra living or storage space, ready for your creative touch. Ideal for buyers or investors looking to restore a solid home. We invite you to bring your vision and restore the character of this great home. The location is walkable to city parks and Downtown Wilmington. If commuting is your preference, this home is also located in close proximity to nearby bus stops and minutes from US Route 202 / Concord Pike and I-95. Don't miss out on the opportunity to gain sweat equity in this lovely home! The home is being sold "AS IS". Sellers have added solar panels onto the house to reduce utility costs. New Owner must be approved to take over the solar panel contract which has a monthly payment of $99.11/ month. Contact Listing agent with questions. Schedule your tour today!

  5. 2025-10-28
    status Active 1110-char remark
    Show marketing remark (1110 chars)

    LOCATION, LOCATION, LOCATION. Welcome to 2009 N Tatnall Street. This charming 3-bedroom home offers timeless character and plenty of potential. A welcoming front porch sets the stage, while original hardwood floors run through most of the home, adding warmth and classic appeal. The partially finished basement provides extra living or storage space, ready for your creative touch. Ideal for buyers or investors looking to restore a solid home. We invite you to bring your vision and restore the character of this great home. The location is walkable to city parks and Downtown Wilmington. If commuting is your preference, this home is also located in close proximity to nearby bus stops and minutes from US Route 202 / Concord Pike and I-95. Don't miss out on the opportunity to gain sweat equity in this lovely home! The home is being sold "AS IS". Sellers have added solar panels onto the house to reduce utility costs. New Owner must be approved to take over the solar panel contract which has a monthly payment of $99.11/ month. Contact Listing agent with questions. Schedule your tour today!

  6. 2025-10-18
    price $209,000 1110-char remark
    Show marketing remark (1110 chars)

    LOCATION, LOCATION, LOCATION. Welcome to 2009 N Tatnall Street. This charming 3-bedroom home offers timeless character and plenty of potential. A welcoming front porch sets the stage, while original hardwood floors run through most of the home, adding warmth and classic appeal. The partially finished basement provides extra living or storage space, ready for your creative touch. Ideal for buyers or investors looking to restore a solid home. We invite you to bring your vision and restore the character of this great home. The location is walkable to city parks and Downtown Wilmington. If commuting is your preference, this home is also located in close proximity to nearby bus stops and minutes from US Route 202 / Concord Pike and I-95. Don't miss out on the opportunity to gain sweat equity in this lovely home! The home is being sold "AS IS". Sellers have added solar panels onto the house to reduce utility costs. New Owner must be approved to take over the solar panel contract which has a monthly payment of $99.11/ month. Contact Listing agent with questions. Schedule your tour today!

  7. 2025-10-16
    historical Active Under Contract 1110-char remark
    Show marketing remark (1110 chars)

    LOCATION, LOCATION, LOCATION. Welcome to 2009 N Tatnall Street. This charming 3-bedroom home offers timeless character and plenty of potential. A welcoming front porch sets the stage, while original hardwood floors run through most of the home, adding warmth and classic appeal. The partially finished basement provides extra living or storage space, ready for your creative touch. Ideal for buyers or investors looking to restore a solid home. We invite you to bring your vision and restore the character of this great home. The location is walkable to city parks and Downtown Wilmington. If commuting is your preference, this home is also located in close proximity to nearby bus stops and minutes from US Route 202 / Concord Pike and I-95. Don't miss out on the opportunity to gain sweat equity in this lovely home! The home is being sold "AS IS". Sellers have added solar panels onto the house to reduce utility costs. New Owner must be approved to take over the solar panel contract which has a monthly payment of $99.11/ month. Contact Listing agent with questions. Schedule your tour today!

  8. 2025-09-22
    listed $189,000 Active 1110-char remark
    Show marketing remark (1110 chars)

    LOCATION, LOCATION, LOCATION. Welcome to 2009 N Tatnall Street. This charming 3-bedroom home offers timeless character and plenty of potential. A welcoming front porch sets the stage, while original hardwood floors run through most of the home, adding warmth and classic appeal. The partially finished basement provides extra living or storage space, ready for your creative touch. Ideal for buyers or investors looking to restore a solid home. We invite you to bring your vision and restore the character of this great home. The location is walkable to city parks and Downtown Wilmington. If commuting is your preference, this home is also located in close proximity to nearby bus stops and minutes from US Route 202 / Concord Pike and I-95. Don't miss out on the opportunity to gain sweat equity in this lovely home! The home is being sold "AS IS". Sellers have added solar panels onto the house to reduce utility costs. New Owner must be approved to take over the solar panel contract which has a monthly payment of $99.11/ month. Contact Listing agent with questions. Schedule your tour today!

  9. 2021-08-04
    soldstatus $150,000
  10. 2021-07-30
    soldstatus $150,000 Closed 55-char remark
    Show marketing remark (55 chars)

    Agent is related to the seller. Sold before processing.

  11. 2021-07-21
    status Pending 55-char remark
    Show marketing remark (55 chars)

    Agent is related to the seller. Sold before processing.

  12. 2021-07-16
    soldstatus $150,000 Closed 55-char remark
    Show marketing remark (55 chars)

    Agent is related to the seller. Sold before processing.

  13. 2021-06-01
    listed $150,000 55-char remark
    Show marketing remark (55 chars)

    Agent is related to the seller. Sold before processing.

  14. 2021-06-01
    historical 55-char remark
    Show marketing remark (55 chars)

    Agent is related to the seller. Sold before processing.

  15. 1979-07-01
    soldstatus $19,900

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

Tax reassessment forecast DE · Partial reset (capped growth)

Current annual tax
$1,373 · $114/mo
Projected year-2 tax
$1,373 · $114/mo
Expected delta
$0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

  • 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% 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 2 unhealthy d/yr today · 3 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$21,134
− Mortgage interest
−$10,363
− Property taxes
−$1,373
− Insurance
−$925
− Repairs & maintenance
−$1,691
− Management
−$1,691
− Depreciation
−$5,382
Taxable loss
−$290
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$70
After-tax cash flow
$2,825/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
Red Clay Consolidated School District
NCES district ID
1001300
Math proficiency
27% ▼ -11.00%
Reading proficiency
42% ▼ -7.00%
Median HH income
$64,298
Composite
31.25/100
National rank
#6027
State rank
#12 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)
26,051
Household income
$53,812
Rent vs Own
51.5% rent · 48.5% own
Severe rent burden
1816.0

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
Predominantly Black (68%)
Race & ethnicity
Black 68% White 20% Hispanic / Latino 7% Two or more races 5%
Hispanic origin (detail)
Puerto Rican 4%
Common ancestry
Slovak 1% Romanian 1% Italian 1%
Foreign-born
11% · Canada, Jamaica, China
Languages at home
92% English-only · Spanish 4% Arabic 0%

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
▼ -296.47%
Current HPI
225.6613
Rent YoY
▲ 5.72%
Metro
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
State GDP YoY
F500 in state
0

Price history

+829.6% since first listed
15 events — show timeline
  • 2026-05-08 Pending BRIGHT MLS
  • 2026-05-05 Contingent BRIGHT MLS
  • 2026-05-04 Price Changed $185,000 BRIGHT MLS
  • 2025-10-31 Price Changed $189,000 BRIGHT MLS
  • 2025-10-28 Relisted BRIGHT MLS
  • 2025-10-18 Price Changed $209,000 BRIGHT MLS
  • 2025-10-16 Contingent BRIGHT MLS
  • 2025-09-22 Listed $189,000 BRIGHT MLS
  • 2021-08-04 Sold (Public Records) $150,000 Public Records
  • 2021-07-30 Sold (MLS) $150,000 BRIGHT MLS
  • 2021-07-21 Pending BRIGHT MLS
  • 2021-07-16 Sold (MLS) $150,000 BRIGHT MLS
  • 2021-06-01 Listing Removed BRIGHT MLS
  • 2021-06-01 Listed $150,000 BRIGHT MLS
  • 1979-07-01 Sold (Public Records) $19,900 Public Records

Property tax history

+9.7%/yr

Latest (2024): $1,373 · +15.1% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…