1056 Grears Corner RdTownsendDE19734
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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
Investment Highlights
Investment property for sale in Townsend at 1056 Grears Corner Rd, Townsend, DE, 19734 earns $652/mo cash flow from $2,243/mo rent with a $1,346/mo payment. Total monthly income totals $2,243/mo, and annual cash flow totals $7,822/yr on $91,163 capital. ROI tracks 28.49% on current figures, and rental yield reads 9.79% at a $275,000 purchase. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 over five years. Five-year ROI reaches 148.34% and total cumulative return in cash sums $135,227. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,243/mo property income instead of your personal income.
Single Family
Built in 1950
0.58 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
4,950
Single Family
4,950
Multi-Family
0
Businesses
164
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