1f4b0; High-Yield Turnkey Rental 8.7% Cap Rate Fully Occupied Investors - unlock solid returns with 905 E. 17th St, a cash-flowing, tenant-occupied townhome in Wilmington's revitalizing East Side. Currently generating $1,295/month in rent from a Section 8 tenant, this property brings in strong income with a great operating expense ratio… Read More - ideal for long-term hold strategies or out-of-state investors looking for stable returns with minimal headaches. 1f4ca; Investment Snapshot: Current Rent: $1,295/mo (tenant in place) 2024 Gross Income: $15,485 2024 Operating Expenses: $4,130 Net Operating Income: $11,355 Cap Rate @ $130K: 8.7% Operating Expense Ratio: 26% 1f4cd; Located minutes from Downtown Wilmington, I-95, and public transit, this property offers both cash flow and long-term appreciation potential. The rent roll and payment history show consistency and solid tenant retention. Whether you're expanding your portfolio or seeking your first profitable turnkey asset, this is a plug-and-play rental with strong fundamentals. 1f4de; Request the rent roll, full financials, or schedule a walk-through today - opportunities like this don't sit long. Read Less
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available. This content last updated on .
Confirm your time
Fill in your details and we will contact you to confirm a time.