13 Fairway AveGeorgetownDE19947
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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
Rental property for sale in Georgetown at 13 Fairway Ave, Georgetown, DE, 19947 priced at $459,900 converts $3,094/mo rent into $433/mo cash flow after a $2,251/mo obligation. Total monthly income equals $3,094/mo, and annual cash flow totals $5,195/yr on $152,457 invested. Return on cash invested prints 23.32% in year one, and rental yield reads 8.07% against a $459,900 entry. Equity gained on principal adds $2,968/yr, while 5% annual appreciation compiles into $127,062 by year five. Five-year ROI reaches 120.57% and total cumulative return in cash sums $183,810. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,094/mo property income covering a $2,251/mo payment, not borrower’s personal income.
Single Family
Built in 2001
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19947, Georgetown, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,053 (100%) |
| Owner Occupied HU | 5,508 (68.4%) |
| Renter Occupied HU | 1,913 (23.8%) |
| Vacant Housing Units | 632 ( 7.8%) |
| Median Home Value | $417,674 |
| Average Home Value | $441,528 |
Housing Distribution
Address Breakdown
Residential
7,767
Single Family
7,411
Multi-Family
356
Businesses
818
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Listed by: Lee Johnson • Coldwell Banker Premier - Seaford
Mls Name: Bright MLS
Mls ID: #DESU2100342