1123 Magnolia DrSeafordDE19973
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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 Seaford at 1123 Magnolia Dr, Seaford, DE, 19973 uses $95,804 cash to close to unlock $7,912/yr annual cash flow and $659/mo monthly cash flow. Total monthly income runs $2,332/mo, and a $1,415/mo payment keeps the spread at $659/mo. Purchase price stands at $289,000, and rental yield measures 9.68% with $2,332/mo rent. Return on cash invested shows 28.17% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 146.64% and total cumulative return in cash records $140,486. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,332/mo property income covering a $1,415/mo payment rather than investor’s personal income.
Townhouse
Built in 2006
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19973, Seaford, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,058 (100%) |
| Owner Occupied HU | 7,606 (68.8%) |
| Renter Occupied HU | 2,693 (24.4%) |
| Vacant Housing Units | 759 ( 6.9%) |
| Median Home Value | $329,209 |
| Average Home Value | $453,272 |
Housing Distribution
Address Breakdown
Residential
10,793
Single Family
10,487
Multi-Family
306
Businesses
852
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