HypeCity Intelligence · Developer Report · print with Cmd/Ctrl+P to save as PDF interactive version · all B2B tools
Sourced underwriting · every figure cites its legal source

Brandywine — Wilmington, DE, USA

Developer Report · generated 2026-10-10 · buyer profile: nonresident foreign individual, direct ownership
Assumptions used: purchase price $400,000; 5-year hold; exit at $400,000 (no-appreciation assumption unless overridden); expected rent $31,600/yr (estimated from the neighborhood’s recorded rental yield — editable, not a sourced figure). Change any of these on the interactive page.
All-in acquisition cost
$8,000
2.00% of price, on top of it
Recurring cost / year
$2,964
Yield after tax, before operating costs
5.93%
rent assumption estimated from neighborhood yield
Exit cost
$21,600
+ $60,000 withheld at closing (prepayment, recoverable)
Total cost of ownership (5y)
$69,026

This figure counts taxes, government fees and agent commissions only. It excludes operating costs: insurance, HOA or service charge, property management, maintenance and vacancy. Those are building-level commercial terms rather than public record, so they cannot carry a primary source, and this product does not print numbers it cannot cite.

True cost of ownership — itemised

At acquisition

ItemAmountSource
Land transfer / deed tax
Delaware realty transfer tax: 4% total where the local jurisdiction has enacted the full 1.5% local tax (2.5% state + 1.5% local) — the comm…
$8,000 30 Del. C. 5402 (official DE Code, live) (as of 2026-07-25)
Mansion / luxury transfer tax Not available — no sourced figure —
Buyer's agent commission
Traditionally the US buyer paid no direct agent commission (the seller-paid total covered both sides).
$0 Federal Reserve Board — FEDS Note: Commissions and Omissions (NAR settlement mechanics) (as of 2026-07-20)
Legal / closing costs Not available — no sourced figure —

Every year of ownership

ItemAmountSource
Annual property tax (county effective rate)
ACS-derived EFFECTIVE property-tax rate for this county: median real-estate taxes paid (ACS table B25103, $2,444) divided by median owner-oc…
$2,964 US Census Bureau — ACS 5-Year Estimates 2023 (tables B25103 median real estate taxes paid, B25077 median home value) (as of 2023-12-31)

On rental income

ItemAmountSource
Rental income tax (federal)
§871(d) election: NRA may elect to treat US rental income as effectively connected, taxing NET income (after expenses/depreciation) at ordin…
$3,554 IRS — Taxation of nonresident aliens (as of 2026-07-20); IRS — FDAP income (W-8ECI mechanism) (as of 2026-07-20); IRS — Federal income tax rates and brackets (as of 2026-07-20)
Rental income tax (state)
Delaware graduated income tax on a nonresident's DE-source rental income (30 Del.
$1,367 30 Del. C. 1102(a)(14) (official DE Code, live) (as of 2026-07-25); 30 Del. C. 1121 / 1124(b)(2) — nonresident DE-source income (live) (as of 2026-07-25)

At exit

ItemAmountSource
Capital gains tax (federal)
Under IRC §897 (FIRPTA), gain on a foreign person's disposition of US real property is treated as effectively connected income taxed at LTCG…
$0 IRS — Topic No. 409, Capital gains and losses (as of 2026-07-20); IRS — Definitions of terms and procedures unique to FIRPTA (as of 2026-07-20); Legal Information Institute — 26 U.S. Code §897 (as of 2026-07-20)
Capital gains tax (state)
Delaware has no preferential capital-gains rate — DE-source gain on real property is taxed as ordinary income at the graduated schedule (top…
$0 30 Del. C. 1102(a)(14) + 1124(b)(2) (official DE Code, live) (as of 2026-07-25)
Seller's agent commission
US total real-estate commission, encoded from the Federal Reserve's CoreLogic-MLS study: buyer's-agent side averages ~2.7% nationally, and t…
$21,600 Federal Reserve Board — FEDS Note: Commissions and Omissions: Trends in Real Estate Broker Compensation (May 2025, CoreLogic MLS data) (as of 2026-07-20)
Withholding at closing on the sale
FIRPTA withholding (IRC §1445): when a foreign person disposes of a US real property interest, the BUYER must withhold 15% of the amount rea…
Cash withheld at closing, credited against the tax liability itemised above — not an additional tax.
$60,000* IRS — FIRPTA withholding (as of 2026-07-20); Legal Information Institute — 26 U.S. Code §1445 (as of 2026-07-20)
State withholding at closing
Delaware nonresident estimated-tax prepayment at deed recording: 6.6% (the highest marginal rate; 8.7% only for C corporations) of the ESTIM…
Cash withheld at closing, credited against the tax liability itemised above — not an additional tax.
$0* DE Division of Revenue — Form REW-EST instructions (rev. 01/31/22, live official) (as of 2026-07-25); 30 Del. C. 1126 (statutory basis, live) (as of 2026-07-25); DE Division of Revenue — tax season updates (current-cycle confirmation) (as of 2026-07-25)

Thresholds & informational

ItemAmountSource
US estate-tax exposure (non-resident)
US estate tax exposure for NRA holding US real estate directly (IRC §§2101-2108): exemption is effectively $60,000 of US-situated assets ($1…
Threshold: $60,000 IRS — Some nonresidents with U.S. assets must file estate tax returns (as of 2026-07-20); IRS — Instructions for Form 706-NA (as of 2026-07-20); IRS — Estate tax for nonresidents not citizens of the United States (as of 2026-07-20)
Tax-treaty caveat
The US has income-tax treaties with ~65 countries and estate/gift-tax treaties with ~15; a treaty can lower the 30% gross rental withholding…
treaty_dependent IRS — United States income tax treaties A to Z (as of 2026-07-20); IRS — Estate & gift tax treaties (international) (as of 2026-07-20)

Not yet sourced for this jurisdiction: tax.luxury_property_pct, cost.closing_pct — shown as gaps above, never guessed.

Permitting & construction timelines

This city does not publish permit-level application-and-issuance dates in a free public feed — a city-level issuance median cannot be computed honestly, so none is shown.

Construction timeline benchmark (South region, 2025): permit → start 1.5 mo single-family / 2.8 mo multifamily; start → completion 6.6 mo / 14.7 mo.
South Census region average, 2025 — the finest geography this survey publishes · US Census Bureau & HUD, Survey of Construction — Length of Time tables (2025 annual) (as of 2026-07-25)

Registry evidence

No active registry watch covers this neighborhood yet — registry-level sale evidence (county recorder / land-department feeds) is shown only where a live watch exists, never estimated.

Legislation watch

Closed-comp benchmark

Fewer than 5 usable closed transactions on record for this neighborhood — no benchmark is computed from a thin sample.

This is one deal on one date. Tell us where you hold and we will run your own jurisdictions, or see what has already moved in the ones you underwrote.