1553 E Matisse Dr, Middletown, DE, 19709 | $601/mo Cash Flow

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1553 E Matisse Dr, Middletown, DE, 19709 | $601/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 1553 E Matisse Dr, Middletown, DE, 19709 offers a 8.64% rental yield on a $425,000 purchase with $3,060/mo rent. Total monthly income registers $3,060/mo, and a $2,080/mo payment leaves $601/mo available for distribution. Annual cash flow reaches $7,213/yr on $140,888 to close, and return on cash invested stands at 25.03% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,420 over five years. Portfolio math shows five-year ROI at 129.79% and total cumulative return in cash at $182,861. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,060/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Townhouse

Built in 2011

6,970 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 1553 E. Matisse Drive a meticulously maintained end-unit townhome in the highly sought-after Village of Bayberry North! The lower level features stylish laminate flooring leading into a versatile family room, which is perfect for a playroom, home office, or media space. The washer and dryer are included, and theres a rough-in for a future bathroom. The walkout basement opens directly to the backyard for added convenience. On the main level, enjoy an abundance of natural light and a spacious open floor plan complete with a powder room, living room, dining area, and kitchen. The kitchen shines with 42 cabinets with crown molding, recessed lighting, laminate floors, a large island, double sink, and new stainless steel appliances. Step through the sliding glass doors to the Trek deck (installed in 2021) and unwind with tree-lined views and breathtaking sunsets. Custom blinds add a polished touch throughout the main floor. Upstairs, the primary suite offers a walk-in closet and private bath, while two additional bedrooms and a full tile bath complete the level. Additional upgrades include new carpet, new HVAC (2023), double driveway, larger lot, and a 1-car garage. Become part of the Bayberry North lifestyle with walking trails, ponds, playgrounds, fishing spots, and The Lake House for private events and gatherings. Conveniently located near major highways, shopping, and dining. Dont miss your chance! Join us for the Open House on October 19th or schedule your private tour before its gone! (Professional pictures will be added soon!)

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