160 Gillespie Ave, Middletown, DE, 19709 | $1,352/mo Cash Flow

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160 Gillespie Ave, Middletown, DE, 19709 | $1,352/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

Rental property for sale in Middletown at 160 Gillespie Ave, Middletown, DE, 19709 offers $3,377/mo rent that, after a $1,713/mo payment, leaves $1,352/mo cash flow. Total monthly income is $3,377/mo, and annual cash flow is $16,223/yr on $116,025 cash. Return on cash invested measures 33.89% in year one, and rental yield stands at 11.58% at a $350,000 entry. Equity gained on principal adds $2,258/yr while 5% annual appreciation compounds into $96,699 by year five. Five-year ROI records 177.28% and total cumulative return in cash reaches $205,694. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,377/mo property income versus a $1,713/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Townhouse

Built in 2004

2,614 sqft lot

$N/A/sqft

No HOA

More details about the property

Step into this beautifully maintained 3-bedroom, 2.5-bath townhome and prepare to be impressed. Freshly painted and in pristine condition, this home offers a bright and welcoming atmosphere from the moment you walk in. The first floor features brand-new flooring, creating a modern and stylish flow throughout the living and dining areas. The updated kitchen is a showstopper, complete with new stainless steel appliances and plenty of cabinet space, perfect for cooking, entertaining, or simply enjoying family meals. Upstairs, youll find three generously sized bedrooms, including a serene primary suite with its own private bath. With its move-in ready condition, thoughtful updates, and convenient Middletown location close to shopping, dining, and commuter routes, this home has everything youve been searching for. The only thing this home needs is your furniture!

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