142 Waterway Dr, Frederica, DE, 19946 | 6.77% Rental Yield

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 Frederica at 142 Waterway Dr, Frederica, DE, 19946 priced at $340,000 pairs $1,919/mo rent with after a $1,664/mo payment. Total monthly income equals $1,919/mo. Return on cash invested is 19.4% in year one, and rental yield stands at 6.77% on a $340,000 basis. Equity gained on principal adds $2,194/yr, and 5% annual appreciation accumulates to $93,936 by year five. Five-year ROI measures 99.56% and total cumulative return in cash reaches $112,218. For financing, Ziffy Mortgage’s DSCR program evaluates $1,919/mo property income against a $1,664/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 2011

0.26 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 19946, Frederica, DE area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,090 (100%)
Owner Occupied HU	1,563 (74.8%)
Renter Occupied HU	354 (16.9%)
Vacant Housing Units	173 ( 8.3%)
Median Home Value	$355,351
Average Home Value	$352,639