150 Gillespie Ave, Middletown, DE, 19709 | $698/mo Cash Flow

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150 Gillespie Ave, Middletown, DE, 19709 | $698/mo Cash Flow | 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

Investment property for sale in Middletown at 150 Gillespie Ave, Middletown, DE, 19709 at $375,000 posts ROI 26.64% with $698/mo cash flow from $2,867/mo rent. Total monthly income equals $2,867/mo, and annual cash flow records $8,372/yr on $124,313 to close. Return on cash invested measures 26.64% and rental yield reads 9.17% at the current $375,000. Equity gained on principal adds $2,420/yr, and 5% annual appreciation supports $103,606 by year five. Five-year ROI prints 138.43% and total cumulative return in cash totals $172,083.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,867/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Townhouse

Built in 2004

2,614 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 150 Gillespie Avenue, a beautifully maintained townhome tucked within the sought-after Willow Grove community in the award winning Appo School District. From the moment you step inside, youll fall in love with the soaring ceilings and the open, inviting layout that seamlessly connects the living room, kitchen, and sunroomperfect for both relaxing and entertaining. The kitchen is designed for everyday functionality and modern living, featuring stainless steel appliances, a gas range, a cozy eat-in nook, and a bright sunroom. Step out to the fenced in back yard through the new pella sliding door leading out to a lovely paver patio - ideal for morning coffee or evening gatherings. Enjoy peace of mind with major updates completed in the last 5 years, including HVAC, water heater, flooring, stainless steel appliances, siding on the balcony, stucco, and rooftheres nothing left to do but make it your own! On the second floor, youll find three bedrooms and a convenient second-floor laundry room. The primary suite offers a true retreat with a private balcony, a newly renovated en-suite bath, and a sitting area for unwinding at the end of the day. The third-floor loft is a versatile bonus space featuring its own deck balcony and ceiling fanideal as a guest suite, home office, gym, or playroom - this is a true bonus space! Situated just minutes from Route 1, Christiana Care ER and the upcoming hospital, schools, plus a variety of shopping and dining options, this home blends comfort, style, and convenience in one perfect package.

Neighborhood Data

Neighborhood data shown for ZIP Code: 19709, Middletown, DE area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	20,449 (100%)
Owner Occupied HU	17,725 (86.7%)
Renter Occupied HU	2,165 (10.6%)
Vacant Housing Units	559 ( 2.7%)
Median Home Value	$459,211
Average Home Value	$489,425