1905 W Second St · Wilmington, DE
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $476 – $884
Heat risk 7/10 · Major
- Hot days now (above 103°F)
- 7 days/yr
- Hot days in 30 yrs
- 16 days/yr
Wind risk 6/10 · Moderate
- Chance of severe wind over 30 yrs
- 27.0%
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 3 days/yr
- Unhealthy air days in 30 yrs
- 4 days/yr
Risk factors via First Street. Map © Google.
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 +26.1/30.0
- DSCR +8.8/10.0
- 1% rule +5.9/10.0
- Rent growth +4.1/5.0
- Livability +3.2/5.0
- Schools +3.1/10.0
- Condition / age +2.5/5.0
- ARV discount +0.2/15.0
- Appreciation +0.0/10.0
$179,000
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Welcome to this end-of-row rowhome located in the vibrant and historic Little Italy neighborhood. Enter through the enclosed front porch and into a bright and inviting main level featuring hardwood floors that flow seamlessly throughout the home. The spacious living room opens to a formal dining area, creating an ideal layout for entertaining or everyday living. The kitchen boasts gas cooking, a generous walk-in pantry, and convenient access to the rear patio—perfect for summer cookouts and outdoor dining. You'll also enjoy the added bonus of a detached 1-car garage with a shared driveway! Upstairs, you'll find three generously sized bedrooms and a full hall bath. Each room offers ample closet space and plenty of natural light. The full basement is dry and unfinished, offering endless potential—whether you choose to create additional living space, a home gym, or simply use it for abundant storage. Laundry is already in place. This home combines classic charm with functional features and unbeatable location. Just blocks from restaurants, cafes, parks, and everything Little Italy has to offer! Don’t miss your chance to own a piece of this beloved neighborhood—schedule your showing today!
Key facts
- Garage
- Built 1924
- Listed 343 days
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath townhouse listed at $179k.
Deal economics
- At list price, monthly cash flow is $448 ($5k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($2k rent vs $179k).
- Recommended offer: $158k (12.0% below list) — sets the bar for market timing.
- Cap rate 9.3% 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 (+6.3%/yr); 167 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 19d 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 ($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 $1k of loan paydown is wiped out by about $5k 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 $50k cash investment doubles in ~8 years — after that, you're playing with house money.
Negotiation context
- It's been on market 344 days — a 12% lower offer ($158k) is reasonable based on typical stale-listing flexibility.
- 4 sale attempts since 14y ago; this cycle's ask has dropped $11k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $106k; list at $179k implies a 69% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: built in 1924 — 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.
Questions for the listing agent
- It's been on market 344 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Built in 1924 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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.
- 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.
- 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
- 1.09% ✓
- Cap rate
- 9.30%
- Cash-on-cash
- 10.73%
- DSCR
- 1.48
- GRM
- 7.7
CMA / ARV
- ARV (median comp)
- $154,144
- List price
- $179,000
- Delta
- 16.12%
- Verdict
- OVERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 1715 Sycamore St | 0.35mi | 3/1.0 | 1,260 (-1%) | 1mo | $241,000 | $191 | 81 |
| 400 Geddes St | 0.27mi | 3/1.5 | 1,225 (-4%) | 0mo | $337,500 | $276 | 79 |
| 1823 W 7th St | 0.30mi | 3/2.0 | 1,300 (+2%) | 1mo | $180,000 | $138 | 77 |
| 1911 W 9th St | 0.46mi | 3/1.0 | 1,325 (+4%) | 1mo | $275,000 | $208 | 71 |
| 1213 W 3rd St | 0.52mi | 3/1.5 | 1,250 (-2%) | 1mo | $215,000 | $172 | 69 |
| 2042 Clark St | 0.46mi | 3/1.0 | 1,200 (-6%) | 0mo | $335,000 | $279 | 68 |
| 1210 Elm St | 0.56mi | 3/2.0 | 1,300 (+2%) | 1mo | $200,000 | $154 | 66 |
| 1301 Lancaster Ave | 0.47mi | 4/2.0 (+1) | 1,200 (-6%) | 1mo | $250,000 | $208 | 58 |
| 302 S Franklin St | 0.53mi | 3/1.0 | 1,150 (-10%) | 1mo | $117,000 | $102 | 58 |
| 422 S Broom St | 0.48mi | 3/2.0 | 1,400 (+10%) | 1mo | $299,900 | $214 | 56 |
| 519 S Jackson St | 0.75mi | 3/1.0 | 1,200 (-6%) | 1mo | $186,000 | $155 | 54 |
| 1016 Clayton Rd | 0.69mi | 3/1.0 | 1,150 (-10%) | 1mo | $219,000 | $190 | 50 |
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
- IRR
- 3.1%
- Equity multiple
- 1.12×
- Total profit
- $6,261
- Equity at exit
- $26,689
- IRR
- 15.4%
- Equity multiple
- 2.43×
- Total profit
- $71,747
- Equity at exit
- $15,477
Cash invested: $50,120 (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
ZIP-level market 19805
- Rents YoY
- 6.3%
- Active inventory
- 167
- Price-to-rent
- 7.7×
Monthly cashflow live
- Estimated rent
- $1,944 high interval (Pro) →
- Mortgage (P&I)
- −$939
- Tax from tax record
- −$74 /mo · $892/yr
- Insurance
- −$75
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$408
- Net cashflow
- $448
Break-even live
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
- $44,750
- Closing costs
- $5,370
- 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
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 115 N Clayton St Unit 115 Wilmington, DE | 3.0 | 1.5 | 1200 | $1,725 | $1.44 | 11d | 1 | 0.21mi |
| 1815 Maple St Wilmington, DE | 3.0 | 1.5 | 1100 | $1,995 | $1.81 | 19d | 1 | 0.27mi |
| 1802 Maple St Wilmington, DE | 3.0 | 1.5 | 1250 | $2,500 | $2.00 | 24d | 1 | 0.30mi |
| 307 N Rodney St Wilmington, DE | 3.0 | 1.5 | 1425 | $2,000 | $1.40 | 44d | 1 | 0.31mi |
| 618 N Scott St Wilmington, DE | 3.0 | 1.5 | 1400 | $1,850 | $1.32 | 44d | 1 | 0.31mi |
| 1522 W 7th St Unit 1 Wilmington, DE | 2.0 | 1.0 | 900 | $1,800 | $2.00 | 4d | 1 | 0.38mi |
| 1525 Beech St Wilmington, DE | 3.0 | 2.5 | 1850 | $2,400 | $1.30 | 5d | 1 | 0.43mi |
| 1301 Lancaster Ave Wilmington, DE | 4.0 | 2.0 | 1200 | $1,800 | $1.50 | 11d | 1 | 0.46mi |
| 1607 Howland St Wilmington, DE | 3.0 | 1.0 | 1075 | $1,900 | $1.77 | 4d | 1 | 0.47mi |
| 232 N Franklin St Wilmington, DE | 3.0 | 2.0 | 1150 | $1,795 | $1.56 | 44d | 1 | 0.48mi |
| 1624 W 9th St Wilmington, DE | 3.0 | 2.5 | 1780 | $2,500 | $1.40 | 19d | 1 | 0.48mi |
| 521 N Franklin St Wilmington, DE | 3.0 | 2.0 | 1500 | $1,850 | $1.23 | 4d | 1 | 0.51mi |
| 1227 Linden St Wilmington, DE | 3.0 | 2.0 | 950 | $1,850 | $1.95 | 4d | 1 | 0.53mi |
| 414 S Franklin St Wilmington, DE | 3.0 | 2.0 | 1195 | $1,895 | $1.59 | 44d | 1 | 0.54mi |
| 1110 Read St Wilmington, DE | 2.0 | 1.0 | 1100 | $1,250 | $1.14 | 20d | 1 | 0.57mi |
| 1029 Lancaster Ave Wilmington, DE | 4.0 | 1.5 | 1375 | $1,900 | $1.38 | 24d | 1 | 0.61mi |
| 1110 Maple St Wilmington, DE | 3.0 | 1.0 | 1525 | $1,600 | $1.05 | 44d | 1 | 0.63mi |
| 205 Porter St Wilmington, DE | 2.0 | 1.5 | 1200 | $1,700 | $1.42 | 15d | 1 | 0.64mi |
| 1016 Clayton Rd Wilmington, DE | 3.0 | 1.0 | 1150 | $1,850 | $1.61 | 5d | 1 | 0.67mi |
| 1936 Lakeview Rd Wilmington, DE | 3.0 | 1.0 | 1350 | $1,850 | $1.37 | 15d | 1 | 0.69mi |
| 1122 Coyne Pl Wilmington, DE | 3.0 | 1.0 | 1350 | $1,950 | $1.44 | 44d | 1 | 0.72mi |
| 1000 W 8th St Unit 3 Wilmington, DE | 2.0 | 1.0 | 1050 | $1,695 | $1.61 | 24d | 1 | 0.75mi |
| 1601 E Latimer Pl Wilmington, DE | 4.0 | 1.0 | 1450 | $2,195 | $1.51 | 19d | 1 | 0.76mi |
| 21 Stroud St Unit 1 Wilmington, DE | 3.0 | 1.5 | 1875 | $1,900 | $1.01 | 44d | 1 | 0.79mi |
| 25 Stroud St Wilmington, DE | 3.0 | 1.0 | 1200 | $1,795 | $1.50 | 4d | 1 | 0.79mi |
| 7 6th Ave Wilmington, DE | 3.0 | 2.0 | 1325 | $1,800 | $1.36 | 44d | 1 | 0.80mi |
| 820 W 7th St Wilmington, DE | 3.0 | 1.0 | 1000 | $1,650 | $1.65 | 44d | 1 | 0.82mi |
| 1508 Maryland Ave Wilmington, DE | 3.0 | 1.5 | 1450 | $1,975 | $1.36 | 15d | 1 | 0.83mi |
| 1504 Delaware Ave Wilmington, DE | 2.0 | 1.0 | 1100 | $1,749 | $1.59 | 22d | 1 | 0.90mi |
| 1504 Delaware Ave Wilmington, DE | 2.0 | 1.0 | 1100 | $1,590 | $1.45 | 17d | 1 | 0.90mi |
| 1212 Delaware Ave Wilmington, DE | 2.0 | 1.0–2.0 | 700 | $2,495 | $3.56 | 44d | 4 | 0.91mi |
| 1212 Delaware Ave Wilmington, DE | 2.0 | 1.0–2.0 | 925 | $2,695 | $2.91 | 13d | 4 | 0.91mi |
| 1210 Delaware Ave Unit 3 Wilmington, DE | 2.0 | 1.0 | 1200 | $2,395 | $2.00 | 44d | 1 | 0.91mi |
| 617 W 6th St Unit 617 B Wilmington, DE | 3.0 | 1.0 | 1000 | $1,600 | $1.60 | 5d | 1 | 0.93mi |
| 231 5th Ave Wilmington, DE | 2.0 | 1.0 | 1050 | $1,350 | $1.29 | 44d | 1 | 0.94mi |
| 709 Windsor St Unit 3 Wilmington, DE | 2.0 | 1.0 | 980 | $1,500 | $1.53 | 44d | 1 | 0.95mi |
| 1207 Delaware Ave Wilmington, DE | 2.0 | 1.0 | 1200 | $1,700 | $1.42 | 11d | 1 | 0.95mi |
| 1010 Trenton Pl Wilmington, DE | 3.0 | 1.5 | 1475 | $2,350 | $1.59 | 17d | 1 | 0.96mi |
| 711 Windsor St Wilmington, DE | 2.0 | 1.0 | 980 | $1,460 | $1.49 | 44d | 1 | 0.96mi |
| 1501 N Broom St Unit 2/3 Wilmington, DE | 2.0 | 2.5 | 1250 | $2,500 | $2.00 | 5d | 1 | 0.96mi |
Listing history 28 events
-
2026-06-18days on market $179,000 Active 344 DOM
-
2026-06-17days on market $179,000 Active 343 DOM
-
2026-06-16days on market $179,000 Active 342 DOM
-
2026-06-15days on market $179,000 Active 341 DOM
-
2026-06-13days on market $179,000 Active 339 DOM
-
2026-06-13days on market $179,000 Active 338 DOM
-
2026-06-09days on market $179,000 Active 335 DOM
-
2026-06-08days on market $179,000 Active 334 DOM
-
2026-06-07days on market $179,000 Active 333 DOM
-
2026-06-04days on market $179,000 Active 330 DOM
-
2026-06-03days on market $179,000 Active 329 DOM
-
2026-06-02days on market $179,000 Active 328 DOM
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2026-06-01days on market $179,000 Active 327 DOM
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2026-05-31days on market $179,000 Active 326 DOM
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2025-12-30price $179,000 1228-char remark
Show marketing remark (1228 chars)
Welcome to this end-of-row rowhome located in the vibrant and historic Little Italy neighborhood. Enter through the enclosed front porch and into a bright and inviting main level featuring hardwood floors that flow seamlessly throughout the home. The spacious living room opens to a formal dining area, creating an ideal layout for entertaining or everyday living. The kitchen boasts gas cooking, a generous walk-in pantry, and convenient access to the rear patio—perfect for summer cookouts and outdoor dining. You'll also enjoy the added bonus of a detached 1-car garage with a shared driveway! Upstairs, you'll find three generously sized bedrooms and a full hall bath. Each room offers ample closet space and plenty of natural light. The full basement is dry and unfinished, offering endless potential—whether you choose to create additional living space, a home gym, or simply use it for abundant storage. Laundry is already in place. This home combines classic charm with functional features and unbeatable location. Just blocks from restaurants, cafes, parks, and everything Little Italy has to offer! Don’t miss your chance to own a piece of this beloved neighborhood—schedule your showing today!
-
2025-07-10$189,900 Active 1228-char remark
Show marketing remark (1228 chars)
Welcome to this end-of-row rowhome located in the vibrant and historic Little Italy neighborhood. Enter through the enclosed front porch and into a bright and inviting main level featuring hardwood floors that flow seamlessly throughout the home. The spacious living room opens to a formal dining area, creating an ideal layout for entertaining or everyday living. The kitchen boasts gas cooking, a generous walk-in pantry, and convenient access to the rear patio—perfect for summer cookouts and outdoor dining. You'll also enjoy the added bonus of a detached 1-car garage with a shared driveway! Upstairs, you'll find three generously sized bedrooms and a full hall bath. Each room offers ample closet space and plenty of natural light. The full basement is dry and unfinished, offering endless potential—whether you choose to create additional living space, a home gym, or simply use it for abundant storage. Laundry is already in place. This home combines classic charm with functional features and unbeatable location. Just blocks from restaurants, cafes, parks, and everything Little Italy has to offer! Don’t miss your chance to own a piece of this beloved neighborhood—schedule your showing today!
-
2025-07-07historical $189,900 1228-char remark
Show marketing remark (1228 chars)
Welcome to this end-of-row rowhome located in the vibrant and historic Little Italy neighborhood. Enter through the enclosed front porch and into a bright and inviting main level featuring hardwood floors that flow seamlessly throughout the home. The spacious living room opens to a formal dining area, creating an ideal layout for entertaining or everyday living. The kitchen boasts gas cooking, a generous walk-in pantry, and convenient access to the rear patio—perfect for summer cookouts and outdoor dining. You'll also enjoy the added bonus of a detached 1-car garage with a shared driveway! Upstairs, you'll find three generously sized bedrooms and a full hall bath. Each room offers ample closet space and plenty of natural light. The full basement is dry and unfinished, offering endless potential—whether you choose to create additional living space, a home gym, or simply use it for abundant storage. Laundry is already in place. This home combines classic charm with functional features and unbeatable location. Just blocks from restaurants, cafes, parks, and everything Little Italy has to offer! Don’t miss your chance to own a piece of this beloved neighborhood—schedule your showing today!
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2021-05-17soldstatus $106,000
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2021-05-14soldstatus $106,000 Closed 984-char remark
Show marketing remark (984 chars)
Vintage 1225 sq ft 3 bedroom 1.5 bath twin house with 1 car detached . This classic twin house is solid on the outside (well appointed brick combined with siding and a good roof) and well maintained on the inside. The front porch has been nicely converted to a mudroom which provides a wonderful entrance to a first floor featuring beautifully refinished hardwood floors and a spacious living room and eat in kitchen and direct access to the back yard. The second floor has 3 large bedrooms and a full bath room. The bathroom features well preserved / timeless ceramic floors and fixtures, including a wrap-around bathtub. The entire house is energy efficient (upgraded anderson windows / air conditioning) and well maintained. The full basement is super clean and highly functional, with plenty of dry storage and a full washer and dryer. New stove, refrigerator & updated electric service, Secure parking is provided by a detached one car garage. Property is being sold as-is.
-
2021-05-07status Pending 984-char remark
Show marketing remark (984 chars)
Vintage 1225 sq ft 3 bedroom 1.5 bath twin house with 1 car detached . This classic twin house is solid on the outside (well appointed brick combined with siding and a good roof) and well maintained on the inside. The front porch has been nicely converted to a mudroom which provides a wonderful entrance to a first floor featuring beautifully refinished hardwood floors and a spacious living room and eat in kitchen and direct access to the back yard. The second floor has 3 large bedrooms and a full bath room. The bathroom features well preserved / timeless ceramic floors and fixtures, including a wrap-around bathtub. The entire house is energy efficient (upgraded anderson windows / air conditioning) and well maintained. The full basement is super clean and highly functional, with plenty of dry storage and a full washer and dryer. New stove, refrigerator & updated electric service, Secure parking is provided by a detached one car garage. Property is being sold as-is.
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2021-04-15historical Active Under Contract 984-char remark
Show marketing remark (984 chars)
Vintage 1225 sq ft 3 bedroom 1.5 bath twin house with 1 car detached . This classic twin house is solid on the outside (well appointed brick combined with siding and a good roof) and well maintained on the inside. The front porch has been nicely converted to a mudroom which provides a wonderful entrance to a first floor featuring beautifully refinished hardwood floors and a spacious living room and eat in kitchen and direct access to the back yard. The second floor has 3 large bedrooms and a full bath room. The bathroom features well preserved / timeless ceramic floors and fixtures, including a wrap-around bathtub. The entire house is energy efficient (upgraded anderson windows / air conditioning) and well maintained. The full basement is super clean and highly functional, with plenty of dry storage and a full washer and dryer. New stove, refrigerator & updated electric service, Secure parking is provided by a detached one car garage. Property is being sold as-is.
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2021-03-26$100,000 Active 984-char remark
Show marketing remark (984 chars)
Vintage 1225 sq ft 3 bedroom 1.5 bath twin house with 1 car detached . This classic twin house is solid on the outside (well appointed brick combined with siding and a good roof) and well maintained on the inside. The front porch has been nicely converted to a mudroom which provides a wonderful entrance to a first floor featuring beautifully refinished hardwood floors and a spacious living room and eat in kitchen and direct access to the back yard. The second floor has 3 large bedrooms and a full bath room. The bathroom features well preserved / timeless ceramic floors and fixtures, including a wrap-around bathtub. The entire house is energy efficient (upgraded anderson windows / air conditioning) and well maintained. The full basement is super clean and highly functional, with plenty of dry storage and a full washer and dryer. New stove, refrigerator & updated electric service, Secure parking is provided by a detached one car garage. Property is being sold as-is.
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2012-06-08soldstatus $63,000
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2012-06-05soldstatus $63,000
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2012-06-05soldstatus $63,000
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2012-05-08historical
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2012-02-24$69,900
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2012-02-24$69,900
ⓘ 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
- $892 · $74/mo
- Projected year-2 tax
- $965 · $80/mo
- Expected delta
- +$73/yr (+$6/mo · 8.2%)
ⓘ 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 7/10 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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $23,332
- − Mortgage interest
- −$10,027
- − Property taxes
- −$892
- − Insurance
- −$895
- − Repairs & maintenance
- −$1,867
- − Management
- −$1,867
- − Depreciation
- −$5,207
- Taxable income
- $2,577
- Est. tax owed @ 24.0%
- −$618
- After-tax cash flow
- $4,762/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
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
- 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
+156.1% since first listed14 events — show timeline
- 2025-12-30 Price Changed $179,000 BRIGHT MLS
- 2025-07-10 Listed $189,900 BRIGHT MLS
- 2025-07-07 Coming Soon $189,900 BRIGHT MLS
- 2021-05-17 Sold (Public Records) $106,000 Public Records
- 2021-05-14 Sold (MLS) $106,000 BRIGHT MLS
- 2021-05-07 Pending — BRIGHT MLS
- 2021-04-15 Contingent — BRIGHT MLS
- 2021-03-26 Listed $100,000 BRIGHT MLS
- 2012-06-08 Sold (Public Records) $63,000 Public Records
- 2012-06-05 Sold (MLS) $63,000 TREND
- 2012-06-05 Sold (MLS) $63,000 BRIGHT MLS
- 2012-05-08 Listing Removed — BRIGHT MLS
- 2012-02-24 Listed $69,900 TREND
- 2012-02-24 Listed $69,900 BRIGHT MLS
Property tax history
+3.7%/yrLatest (2024): $892 · +15.1% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…