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1327 Maryland Ave
C Composite 58.61
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 +25.7/30.0
  • DSCR +8.6/10.0
  • ARV discount +6.3/15.0
  • 1% rule +5.8/10.0
  • 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

$175,000

1327 Maryland Ave · Wilmington, DE 19805
3 bd · 1.0 ba · 1,225 sqft · Townhouse public records · 182 Days on market
Built 1900 1,742 sqft lot $143/sqft · at area comps Est $170k · at est.

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

This property is eligible for a $10,000 PNC Grant with no income limits provided that the property is the buyer’s primary residence, and they don’t need to be first time homebuyers.    In addition to the grant, they offer mortgage programs with down payments as low as 3% down. This beautifully renovated end-unit has updates throughout that provide a fresh and modern aesthetic, offering the best in contemporary living. As you approach the front porch, you'll immediately notice how far from the street your living space is. The staircase really separates the home from street below. As you walk in the door, you’re greeted with laminate hardwood floors, fresh paint, and recessed lighting. The open floor plan flows into through the dining area into the kitchen which is complete with granite countertops, stainless steel appliances, and new cabinets. The main level is filled with natural light pouring through the vinyl windows. All bedrooms are spacious with healthy closet space. The bathroom has been tastefully refurbished with retro tile, tile-surround tub/shower, and fresh paint. The expansive backyard offers ample room for outdoor living. Situated in a prime location, this home offers easy access to local restaurants, shopping, parks, and all of the Riverfront attractions. Schedule your tour today!

Key facts

  • Open floor plan
  • Renovated end-unit
  • Front porch

Tags

RENOVATED END-UNITFRONT PORCHLAMINATE HARDWOOD FLOORSRECESSED LIGHTINGOPEN FLOOR PLANGRANITE COUNTERTOPS

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 $175k.

Deal economics

  • At list price, monthly cash flow is $419 ($5k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $175k).
  • Recommended offer: $154k (12.0% below list) — sets the bar for market timing.
  • Cap rate 9.2% 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+, 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 18d 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 38% 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 $49k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 182 days — a 12% lower offer ($154k) is reasonable based on typical stale-listing flexibility.
  • 2 sale attempts; this cycle's ask has dropped $34k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.
  • Current owner paid $122k; 43% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $154,000 (12.0% below list)

Questions for the listing agent

  1. It's been on market 182 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 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
1.08%
Cap rate
9.17%
Cash-on-cash
10.27%
DSCR
1.46
GRM
7.7

CMA / ARV

ARV (median comp)
$170,355
List price
$175,000
Delta
2.73%
Verdict
FAIR
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
25 6th Ave 0.08mi 3/1.0 1,325 (+8%) 1mo $115,000 $87 82
1016 Clayton Rd 0.19mi 3/1.0 1,150 (-6%) 1mo $219,000 $190 80
519 S Jackson St 0.40mi 3/1.0 1,200 (-2%) 1mo $186,000 $155 77
1204 Brown St 0.15mi 2/2.0 (-1) 1,300 (+6%) 0mo $268,000 $206 73
1715 Sycamore St 0.46mi 3/1.0 1,260 (+3%) 1mo $241,000 $191 73
302 S Franklin St 0.46mi 3/1.0 1,150 (-6%) 1mo $117,000 $102 68
400 Geddes St 0.68mi 3/1.5 1,225 (0%) 0mo $337,500 $276 66
2042 Clark St 0.67mi 3/1.0 1,200 (-2%) 0mo $335,000 $279 65
1210 Elm St 0.47mi 3/2.0 1,300 (+6%) 1mo $200,000 $154 63
1213 W 3rd St 0.74mi 3/1.5 1,250 (+2%) 1mo $215,000 $172 59
1301 Lancaster Ave 0.60mi 4/2.0 (+1) 1,200 (-2%) 1mo $250,000 $208 59
227 S Union St 0.69mi 3/1.0 1,075 (-12%) 1mo $180,000 $167 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
2.5%
Equity multiple
1.10×
Total profit
$4,866
Equity at exit
$26,093
10-year hold
IRR
14.9%
Equity multiple
2.37×
Total profit
$67,298
Equity at exit
$15,131

Cash invested: $49,000 (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 19805

Rents YoY
6.3%
Active inventory
168
Price-to-rent
7.7×

Monthly cashflow live

Estimated rent
$1,887 high interval (Pro) →
Mortgage (P&I)
$918
Tax from tax record
$81 /mo · $969/yr
Insurance
$73
HOA
$0
Vacancy / Maint / Mgmt
$396
Net cashflow
$419

Break-even live

Break-even rent $1,356
Max offer price $175,000
Occupancy floor 73%

Sensitivity live

Price -10% $518 -5% $469 +0% $419 +5% $370 +10% $320
Rent -10% $270 -5% $345 +0% $419 +5% $494 +10% $568
Rate -1.0pp $507 -0.5pp $464 base $419 +0.5pp $374 +1.0pp $328

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
$43,750
Closing costs
$5,250
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
7 6th Ave Wilmington, DE 3.0 2.0 1325 $1,800 $1.36 45d 1 0.04mi
1508 Maryland Ave Wilmington, DE 3.0 1.5 1450 $1,850 $1.28 0d 1 0.11mi
25 Stroud St Wilmington, DE 3.0 1.0 1200 $1,795 $1.50 5d 1 0.19mi
231 5th Ave Wilmington, DE 2.0 1.0 1050 $1,350 $1.29 45d 1 0.21mi
1016 Clayton Rd Wilmington, DE 3.0 1.0 1150 $1,850 $1.61 6d 1 0.21mi
1601 E Latimer Pl Wilmington, DE 4.0 1.0 1450 $2,195 $1.51 19d 1 0.22mi
128 Lower Oak St Wilmington, DE 2.0 1.0 871 $1,595 $1.83 0d 1 0.26mi
1122 Coyne Pl Wilmington, DE 3.0 1.0 1350 $1,950 $1.44 45d 1 0.30mi
414 S Franklin St Wilmington, DE 3.0 2.0 1195 $1,895 $1.59 45d 1 0.36mi
1601 Bonwood Rd Wilmington, DE 3.0 1.5 1500 $1,850 $1.23 25d 1 0.40mi
1227 Linden St Wilmington, DE 3.0 2.0 950 $1,850 $1.95 5d 1 0.42mi
1600 Bonwood Rd Wilmington, DE 2.0 1.0 970 $1,570 $1.62 0d 1 0.49mi
1600 Bonwood Rd Wilmington, DE 2.0 2.0 970 $1,614 $1.66 16d 1 0.49mi
205 Porter St Wilmington, DE 2.0 1.5 1200 $1,700 $1.42 16d 1 0.51mi
1802 Maple St Wilmington, DE 3.0 1.5 1250 $2,500 $2.00 25d 1 0.52mi
545 Homestead Rd Wilmington, DE 2.0 1.0 800 $1,399 $1.75 45d 1 0.52mi
1110 Read St Wilmington, DE 2.0 1.0 1100 $1,250 $1.14 21d 1 0.55mi
1815 Maple St Wilmington, DE 3.0 1.5 1100 $1,995 $1.81 0d 1 0.55mi
331 Justison St Wilmington, DE 1.0–2.0 1.0–2.0 859 $2,205 $2.57 0d 9 0.56mi
1114 Lancaster Ave Wilmington, DE 2.0 1.0 775 $1,400 $1.81 25d 1 0.58mi
1301 Lancaster Ave Wilmington, DE 4.0 2.0 1200 $1,800 $1.50 12d 1 0.58mi
530 Harlan Blvd #519 Wilmington, DE 2.0 2.0 1192 $2,250 $1.89 25d 1 0.59mi
1029 Lancaster Ave Wilmington, DE 4.0 1.5 1375 $1,900 $1.38 25d 1 0.60mi
115 N Clayton St Unit 115 Wilmington, DE 3.0 1.5 1200 $1,725 $1.44 12d 1 0.64mi
1936 Lakeview Rd Wilmington, DE 3.0 1.0 1350 $1,850 $1.37 16d 1 0.66mi
232 N Franklin St Wilmington, DE 3.0 2.0 1150 $1,795 $1.56 45d 1 0.69mi
307 N Rodney St Wilmington, DE 3.0 1.5 1425 $2,000 $1.40 45d 1 0.75mi
201 New Rd Wilmington, DE 2.0 1.0 800 $1,350 $1.69 4d 1 0.80mi
131 Scarborough Park Dr Wilmington, DE 1.0–2.0 1.0–1.5 837 $1,700 $2.03 45d 1 0.81mi
521 N Franklin St Wilmington, DE 3.0 2.0 1500 $1,795 $1.20 0d 1 0.86mi
105 Christina Landing Dr #1105 Wilmington, DE 2.0 2.0 1150 $2,500 $2.17 45d 1 0.88mi
105 Christina Landing Dr #1503 Wilmington, DE 2.0 2.0 1025 $2,500 $2.44 18d 1 0.88mi
105 Christina Landing Dr Wilmington, DE 2.0 2.0 1025 $2,400 $2.34 11d 1 0.88mi
115 Christina Landing Dr Wilmington, DE 1.0–2.0 1.0–2.0 1195 $2,796 $2.34 0d 11 0.92mi
507 W 4th St Wilmington, DE 3.0 1.5 1075 $1,800 $1.67 14d 1 0.93mi
1522 W 7th St Unit 1 Wilmington, DE 2.0 1.0 900 $1,800 $2.00 5d 1 0.94mi
820 W 7th St Wilmington, DE 3.0 1.0 1000 $1,650 $1.65 45d 1 0.98mi
617 W 6th St Unit 617 B Wilmington, DE 3.0 1.0 1000 $1,600 $1.60 6d 1 0.99mi
618 N Scott St Wilmington, DE 3.0 1.5 1400 $1,850 $1.32 45d 1 0.99mi
1000 W 8th St Unit 3 Wilmington, DE 2.0 1.0 1050 $1,695 $1.61 25d 1 1.00mi

Listing history 15 events

  1. 2026-06-10
    status $175,000 Pending 182 DOM
  2. 2026-06-09
    days on market $175,000 Active 182 DOM
  3. 2026-06-08
    days on market $175,000 Active 181 DOM
  4. 2026-06-07
    pricedays on market $175,000 Active 180 DOM
  5. 2026-06-02
    days on market $180,000 Active 178 DOM
  6. 2026-06-01
    days on market $180,000 Active 177 DOM
  7. 2026-05-31
    days on market $180,000 Active 176 DOM
  8. 2026-04-30
    price $185,000 1343-char remark
    Show marketing remark (1343 chars)

    This property is eligible for a $10,000 PNC Grant with no income limits provided that the property is the buyer’s primary residence, and they don’t need to be first time homebuyers.    In addition to the grant, they offer mortgage programs with down payments as low as 3% down. This beautifully renovated end-unit has updates throughout that provide a fresh and modern aesthetic, offering the best in contemporary living. As you approach the front porch, you'll immediately notice how far from the street your living space is. The staircase really separates the home from street below. As you walk in the door, you’re greeted with laminate hardwood floors, fresh paint, and recessed lighting. The open floor plan flows into through the dining area into the kitchen which is complete with granite countertops, stainless steel appliances, and new cabinets. The main level is filled with natural light pouring through the vinyl windows. All bedrooms are spacious with healthy closet space. The bathroom has been tastefully refurbished with retro tile, tile-surround tub/shower, and fresh paint. The expansive backyard offers ample room for outdoor living. Situated in a prime location, this home offers easy access to local restaurants, shopping, parks, and all of the Riverfront attractions. Schedule your tour today!

  9. 2026-04-09
    price $189,900 1343-char remark
    Show marketing remark (1343 chars)

    This property is eligible for a $10,000 PNC Grant with no income limits provided that the property is the buyer’s primary residence, and they don’t need to be first time homebuyers.    In addition to the grant, they offer mortgage programs with down payments as low as 3% down. This beautifully renovated end-unit has updates throughout that provide a fresh and modern aesthetic, offering the best in contemporary living. As you approach the front porch, you'll immediately notice how far from the street your living space is. The staircase really separates the home from street below. As you walk in the door, you’re greeted with laminate hardwood floors, fresh paint, and recessed lighting. The open floor plan flows into through the dining area into the kitchen which is complete with granite countertops, stainless steel appliances, and new cabinets. The main level is filled with natural light pouring through the vinyl windows. All bedrooms are spacious with healthy closet space. The bathroom has been tastefully refurbished with retro tile, tile-surround tub/shower, and fresh paint. The expansive backyard offers ample room for outdoor living. Situated in a prime location, this home offers easy access to local restaurants, shopping, parks, and all of the Riverfront attractions. Schedule your tour today!

  10. 2026-03-12
    status Active 1343-char remark
    Show marketing remark (1343 chars)

    This property is eligible for a $10,000 PNC Grant with no income limits provided that the property is the buyer’s primary residence, and they don’t need to be first time homebuyers.    In addition to the grant, they offer mortgage programs with down payments as low as 3% down. This beautifully renovated end-unit has updates throughout that provide a fresh and modern aesthetic, offering the best in contemporary living. As you approach the front porch, you'll immediately notice how far from the street your living space is. The staircase really separates the home from street below. As you walk in the door, you’re greeted with laminate hardwood floors, fresh paint, and recessed lighting. The open floor plan flows into through the dining area into the kitchen which is complete with granite countertops, stainless steel appliances, and new cabinets. The main level is filled with natural light pouring through the vinyl windows. All bedrooms are spacious with healthy closet space. The bathroom has been tastefully refurbished with retro tile, tile-surround tub/shower, and fresh paint. The expansive backyard offers ample room for outdoor living. Situated in a prime location, this home offers easy access to local restaurants, shopping, parks, and all of the Riverfront attractions. Schedule your tour today!

  11. 2026-03-09
    historical Active Under Contract 1343-char remark
    Show marketing remark (1343 chars)

    This property is eligible for a $10,000 PNC Grant with no income limits provided that the property is the buyer’s primary residence, and they don’t need to be first time homebuyers.    In addition to the grant, they offer mortgage programs with down payments as low as 3% down. This beautifully renovated end-unit has updates throughout that provide a fresh and modern aesthetic, offering the best in contemporary living. As you approach the front porch, you'll immediately notice how far from the street your living space is. The staircase really separates the home from street below. As you walk in the door, you’re greeted with laminate hardwood floors, fresh paint, and recessed lighting. The open floor plan flows into through the dining area into the kitchen which is complete with granite countertops, stainless steel appliances, and new cabinets. The main level is filled with natural light pouring through the vinyl windows. All bedrooms are spacious with healthy closet space. The bathroom has been tastefully refurbished with retro tile, tile-surround tub/shower, and fresh paint. The expansive backyard offers ample room for outdoor living. Situated in a prime location, this home offers easy access to local restaurants, shopping, parks, and all of the Riverfront attractions. Schedule your tour today!

  12. 2026-02-12
    price $195,000 1343-char remark
    Show marketing remark (1343 chars)

    This property is eligible for a $10,000 PNC Grant with no income limits provided that the property is the buyer’s primary residence, and they don’t need to be first time homebuyers.    In addition to the grant, they offer mortgage programs with down payments as low as 3% down. This beautifully renovated end-unit has updates throughout that provide a fresh and modern aesthetic, offering the best in contemporary living. As you approach the front porch, you'll immediately notice how far from the street your living space is. The staircase really separates the home from street below. As you walk in the door, you’re greeted with laminate hardwood floors, fresh paint, and recessed lighting. The open floor plan flows into through the dining area into the kitchen which is complete with granite countertops, stainless steel appliances, and new cabinets. The main level is filled with natural light pouring through the vinyl windows. All bedrooms are spacious with healthy closet space. The bathroom has been tastefully refurbished with retro tile, tile-surround tub/shower, and fresh paint. The expansive backyard offers ample room for outdoor living. Situated in a prime location, this home offers easy access to local restaurants, shopping, parks, and all of the Riverfront attractions. Schedule your tour today!

  13. 2025-12-31
    price $199,999 1343-char remark
    Show marketing remark (1343 chars)

    This property is eligible for a $10,000 PNC Grant with no income limits provided that the property is the buyer’s primary residence, and they don’t need to be first time homebuyers.    In addition to the grant, they offer mortgage programs with down payments as low as 3% down. This beautifully renovated end-unit has updates throughout that provide a fresh and modern aesthetic, offering the best in contemporary living. As you approach the front porch, you'll immediately notice how far from the street your living space is. The staircase really separates the home from street below. As you walk in the door, you’re greeted with laminate hardwood floors, fresh paint, and recessed lighting. The open floor plan flows into through the dining area into the kitchen which is complete with granite countertops, stainless steel appliances, and new cabinets. The main level is filled with natural light pouring through the vinyl windows. All bedrooms are spacious with healthy closet space. The bathroom has been tastefully refurbished with retro tile, tile-surround tub/shower, and fresh paint. The expansive backyard offers ample room for outdoor living. Situated in a prime location, this home offers easy access to local restaurants, shopping, parks, and all of the Riverfront attractions. Schedule your tour today!

  14. 2025-12-03
    listed $209,000 Active 1343-char remark
    Show marketing remark (1343 chars)

    This property is eligible for a $10,000 PNC Grant with no income limits provided that the property is the buyer’s primary residence, and they don’t need to be first time homebuyers.    In addition to the grant, they offer mortgage programs with down payments as low as 3% down. This beautifully renovated end-unit has updates throughout that provide a fresh and modern aesthetic, offering the best in contemporary living. As you approach the front porch, you'll immediately notice how far from the street your living space is. The staircase really separates the home from street below. As you walk in the door, you’re greeted with laminate hardwood floors, fresh paint, and recessed lighting. The open floor plan flows into through the dining area into the kitchen which is complete with granite countertops, stainless steel appliances, and new cabinets. The main level is filled with natural light pouring through the vinyl windows. All bedrooms are spacious with healthy closet space. The bathroom has been tastefully refurbished with retro tile, tile-surround tub/shower, and fresh paint. The expansive backyard offers ample room for outdoor living. Situated in a prime location, this home offers easy access to local restaurants, shopping, parks, and all of the Riverfront attractions. Schedule your tour today!

  15. 2025-09-24
    soldstatus $122,000

ⓘ 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
$969 · $81/mo
Projected year-2 tax
$992 · $83/mo
Expected delta
+$23/yr (+$2/mo · 2.3%)

ⓘ 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

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$22,644
− Mortgage interest
−$9,803
− Property taxes
−$969
− Insurance
−$875
− Repairs & maintenance
−$1,812
− Management
−$1,812
− Depreciation
−$5,091
Taxable income
$2,283
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$548
After-tax cash flow
$4,484/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

+51.6% since first listed
8 events — show timeline
  • 2026-04-30 Price Changed $185,000 BRIGHT MLS
  • 2026-04-09 Price Changed $189,900 BRIGHT MLS
  • 2026-03-12 Relisted BRIGHT MLS
  • 2026-03-09 Contingent BRIGHT MLS
  • 2026-02-12 Price Changed $195,000 BRIGHT MLS
  • 2025-12-31 Price Changed $199,999 BRIGHT MLS
  • 2025-12-03 Listed $209,000 BRIGHT MLS
  • 2025-09-24 Sold (Public Records) $122,000 Public Records

Property tax history

+3.9%/yr

Latest (2024): $969 · +2.6% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…