903 Maple St · Wilmington, DE 19805

$75,900

3 bd · 1.0 ba · 800 sqft · Townhouse public records · 1 Days on market

Built 1900 871 sqft lot Est $106k · 28% under

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Why this score? — see what drove the B+ 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

Investor Alert – Interior Townhome | 2 Bed / 1 Bath | Priced to Sell! Attention investors and savvy buyers — this is the opportunity you’ve been waiting for! This 2-bedroom, 1-bathroom interior townhome is hitting the market priced for immediate sale, and it won’t last long. Featuring classic wood floors throughout, this property has great bones and tremendous potential just waiting to be unlocked. Whether you’re looking to restore it as an income-generating rental or flip it for a profitable return, the numbers make sense, and the opportunity is real. Offered strictly as-is, this is your chance to add value and equity from day one. Bring your vision, your cont

Key facts

• Built 1900

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $76k.

Deal economics

• At list price, monthly cash flow is $993 ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $76k).
• Cap rate 22.0% vs local median 5.7% 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+, commute D, crime F.
• 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.
• Zoned schools: The Bayard School (math 3% / reading 10%, grade F, #102 of 105 statewide, top 97%, 508 students, 0% FRL); Newark High School (math 27% / reading 42%, grade F, #18 of 40 statewide, top 49%, 1,105 students, 0% FRL) — zoned schools average 0% FRL vs 50% district-wide (50 pts lower); this property's tenant base skews higher-income than the district average.
• 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 17d 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 37% 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 $525 of loan paydown is wiped out by about $2k 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 $21k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 32y 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 $14k; list at $76k implies a 423% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — 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 $75,900

Questions for the listing agent

1. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 2.46% ✓
• Cap rate: 21.99%
• Cash-on-cash: 56.06%
• DSCR: 3.49
• GRM: 3.4

CMA / ARV

• ARV (on-the-fly): $105,600
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1015-1/2 Linden St	0.09mi	2/1.0 (-1)	850 (+6%)	1mo	$125,000	$147	79
1120 Beech St	0.16mi	2/1.0 (-1)	825 (+3%)	6mo	$112,500	$136	77
1202 Read St	0.26mi	2/1.0 (-1)	800 (0%)	9mo	$130,000	$163	76
908 Marshall St	0.30mi	2/1.0 (-1)	775 (-3%)	1mo	$95,000	$123	75
4 Lower Oak St	0.20mi	2/1.0 (-1)	850 (+6%)	2mo	$112,500	$132	74
2 Lower Oak St	0.20mi	2/1.5 (-1)	850 (+6%)	2mo	$112,500	$132	72
420 S Van Buren St	0.08mi	2/1.0 (-1)	875 (+9%)	7mo	$67,500	$77	70
801 Wright St	0.27mi	2/1.0 (-1)	750 (-6%)	8mo	$95,000	$127	65
11 Cedar St	0.31mi	2/1.0 (-1)	875 (+9%)	4mo	$110,000	$126	61
116 Lower Oak St	0.22mi	2/2.0 (-1)	875 (+9%)	8mo	$95,000	$109	58
1329 Chestnut St	0.31mi	2/1.0 (-1)	875 (+9%)	8mo	$131,500	$150	58
117 N Dupont St	0.61mi	2/1.0 (-1)	875 (+9%)	5mo	$138,000	$158	47

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: 58.1%
• Equity multiple: 3.70×
• Total profit: $57,441
• Equity at exit: $11,317

10-year hold

• IRR: 64.1%
• Equity multiple: 8.53×
• Total profit: $160,037
• Equity at exit: $6,562

Cash invested: $21,252 (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: 3.4×

Monthly cashflow live

• Estimated rent: $1,866 high
• Mortgage (P&I): −$398
• Tax from tax record: −$52 /mo · $623/yr
• Insurance: −$32
• HOA: −$0
• Vacancy / Maint / Mgmt: −$392
• Net cashflow: $993

Break-even live

Break-even rent $610

Max offer price $75,900

Occupancy floor 42%

Sensitivity live

Price	-10% $1,036	-5% $1,014	+0% $993	+5% $971	+10% $950
Rent	-10% $845	-5% $919	+0% $993	+5% $1,067	+10% $1,140
Rate	-1.0pp $1,031	-0.5pp $1,012	base $993	+0.5pp $973	+1.0pp $953

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: $18,975
• Closing costs: $2,277
• 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	5d	1	0.20mi
1110 Read St Wilmington, DE	2.0	1.0	1100	$1,250	$1.14	22d	1	0.21mi
1114 Lancaster Ave Wilmington, DE	2.0	1.0	775	$1,400	$1.81	25d	1	0.23mi
128 Lower Oak St Wilmington, DE	2.0	1.0	871	$1,595	$1.83	0d	1	0.24mi
331 Justison St Wilmington, DE	1.0–2.0	1.0–2.0	859	$2,205	$2.57	0d	9	0.25mi
231 5th Ave Wilmington, DE	2.0	1.0	1050	$1,350	$1.29	45d	1	0.42mi
507 W 4th St Wilmington, DE	3.0	1.5	1075	$1,800	$1.67	14d	1	0.50mi
617 W 6th St Unit 617 B Wilmington, DE	3.0	1.0	1000	$1,600	$1.60	6d	1	0.57mi
105 Christina Landing Dr Wilmington, DE	2.0	2.0	1025	$2,400	$2.34	11d	1	0.57mi
105 Christina Landing Dr #1503 Wilmington, DE	2.0	2.0	1025	$2,500	$2.44	18d	1	0.57mi
820 W 7th St Wilmington, DE	3.0	1.0	1000	$1,650	$1.65	45d	1	0.57mi
115 Christina Landing Dr Wilmington, DE	1.0–2.0	1.0–2.0	1195	$2,796	$2.34	0d	11	0.60mi
225 W 4th St Unit 2 Wilmington, DE	2.0	1.0	1000	$1,599	$1.60	45d	1	0.60mi
1507 Coleman St Wilmington, DE	2.0	1.0	650	$1,495	$2.30	25d	1	0.62mi
1000 W 8th St Unit 3 Wilmington, DE	2.0	1.0	1050	$1,695	$1.61	25d	1	0.62mi
709 Windsor St Unit 3 Wilmington, DE	2.0	1.0	980	$1,500	$1.53	45d	1	0.64mi
711 Windsor St Wilmington, DE	2.0	1.0	980	$1,460	$1.49	45d	1	0.65mi
1815 Maple St Wilmington, DE	3.0	1.5	1100	$1,995	$1.81	0d	1	0.65mi
517 N Shipley St Wilmington, DE	2.0	1.0–2.0	822	$2,670	$3.25	0d	15	0.69mi
1522 W 7th St Unit 1 Wilmington, DE	2.0	1.0	900	$1,800	$2.00	6d	1	0.71mi
802 N Broom St Apt 2 Wilmington, DE	2.0	21.0	800	$1,695	$2.12	23d	1	0.72mi
703 Orange St Wilmington, DE	1.0–2.0	1.0	800	$1,475	$1.84	45d	1	0.75mi
801 N Orange St Wilmington, DE	3.0	1.0–3.0	1118	$3,991	$3.57	0d	115	0.82mi
15 W Girard St Unit 105 Wilmington, DE	2.0	1.0	740	$1,645	$2.22	6d	1	0.83mi
613 W 10th St Wilmington, DE	2.0	1.0	1100	$1,745	$1.59	45d	1	0.83mi
228 W 9th St Unit 201 Wilmington, DE	2.0	2.0	1031	$1,695	$1.64	46d	1	0.84mi
1607 Howland St Wilmington, DE	3.0	1.0	1075	$1,900	$1.77	5d	1	0.86mi
545 Homestead Rd Wilmington, DE	2.0	1.0	800	$1,399	$1.75	45d	1	0.86mi
116 W 9th St Wilmington, DE	1.0–2.0	1.0–2.0	813	$2,270	$2.79	0d	17	0.86mi
1600 Bonwood Rd Wilmington, DE	2.0	2.0	970	$1,614	$1.66	16d	1	0.86mi
1600 Bonwood Rd Wilmington, DE	2.0	1.0	970	$1,570	$1.62	0d	1	0.86mi
401 A St Wilmington, DE	2.0	1.0–2.0	716	$2,605	$3.64	0d	12	0.88mi
913 N Market St Wilmington, DE	1.0–2.0	1.0–2.0	974	$1,985	$2.04	45d	5	0.94mi
1001 N Orange St Wilmington, DE	1.0–2.0	1.0–2.0	833	$2,135	$2.56	0d	61	0.96mi
1212 Delaware Ave Wilmington, DE	2.0	1.0–2.0	700	$2,495	$3.56	45d	4	1.06mi
1212 Delaware Ave Wilmington, DE	2.0	1.0–2.0	925	$2,695	$2.91	14d	4	1.06mi
201 New Rd Wilmington, DE	2.0	1.0	800	$1,350	$1.69	4d	1	1.10mi
1301 N Harrison St Wilmington, DE	1.0–2.0	1.0	1050	$1,850	$1.76	6d	1	1.10mi
1504 Delaware Ave Wilmington, DE	2.0	1.0	1100	$1,749	$1.59	23d	1	1.20mi
1504 Delaware Ave Wilmington, DE	2.0	1.0	1100	$1,590	$1.45	18d	1	1.20mi

Listing history 10 events

1. 2026-04-03
   status Pending
2. 2026-04-03
   listed $75,900 Active
3. 2026-04-01
   historical $75,900
4. 2014-08-31
   historical
5. 2014-04-04
   listed $44,000
6. 2007-07-30
   historical
7. 2007-02-11
   listed $89,900
8. 1995-01-10
   historical
9. 1994-07-18
   listed $54,900
10. 1985-04-01
    soldstatus $14,500

ⓘ 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: $623 · $52/mo
• Projected year-2 tax: $623 · $52/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 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,396
• − Mortgage interest: −$4,252
• − Property taxes: −$623
• − Insurance: −$380
• − Repairs & maintenance: −$1,792
• − Management: −$1,792
• − Depreciation: −$2,208
• Taxable income: $11,351
• Est. tax owed @ 24.0%: −$2,724
• After-tax cash flow: $9,190/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

+423.4% since first listed

10 events — show timeline

• 2026-04-03 Pending — BRIGHT MLS
• 2026-04-03 Listed $75,900 BRIGHT MLS
• 2026-04-01 Coming Soon $75,900 BRIGHT MLS
• 2014-08-31 Listing Removed — BRIGHT MLS
• 2014-04-04 Listed $44,000 BRIGHT MLS
• 2007-07-30 Listing Removed — BRIGHT MLS
• 2007-02-11 Listed $89,900 BRIGHT MLS
• 1995-01-10 Listing Removed — BRIGHT MLS
• 1994-07-18 Listed $54,900 BRIGHT MLS
• 1985-04-01 Sold (Public Records) $14,500 Public Records

Property tax history

+3.9%/yr

Latest (2024): $623 · +2.6% YoY. Source: county tax records.