104 Witherspoon Way, Townsend, DE, 19734 | 2.51% Rental Yield

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Price: $300K - 500K

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104 Witherspoon Way, Townsend, DE, 19734 | 2.51% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Rental property for sale in Townsend at 104 Witherspoon Way, Townsend, DE, 19734 priced at $1,410,300 converts $2,948/mo rent into after a $6,903/mo obligation. Total monthly income equals $2,948/mo. Return on cash invested prints 6.68% in year one, and rental yield reads 2.51% against a $1,410,300 entry. Equity gained on principal adds $9,100/yr, while 5% annual appreciation compiles into $389,640 by year five. Five-year ROI reaches 31.27% and total cumulative return in cash sums $142,885. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,948/mo property income covering a $6,903/mo payment, not borrower’s personal income.

Single Family

Built in N/A

1 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to Blackston Cove Delawares newest premier home community. Here, youll find 11 elegantly designed models, each offering striking exterior facades and thoughtfully crafted interior layouts. Set on expansive one-acre homesites, Blackston Cove provides the space, and privacy that todays homeowners desire. Every residence is an elite custom home, built with high-end finishes and exceptional attention to detail. Choose from a selection of four- and five-bedroom models, each tailored to elevate comfort, style, and modern living. Blackston Cove where craftsmanship, luxury, and spacious living come together to create the perfect place to call home.

Neighborhood Data

Neighborhood data shown for ZIP Code: 19734, Townsend, DE area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,326 (100%)
Owner Occupied HU	4,785 (89.8%)
Renter Occupied HU	319 ( 6.0%)
Vacant Housing Units	222 ( 4.2%)
Median Home Value	$456,332
Average Home Value	$472,179