18362 Pin Oak StEllendaleDE19941
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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
Investment property for sale in Ellendale at 18362 Pin Oak St, Ellendale, DE, 19941 uses $129,285 cash to close to unlock $3,231/yr annual cash flow and $269/mo monthly cash flow. Total monthly income runs $2,526/mo, and a $1,909/mo payment keeps the spread at $269/mo. Purchase price stands at $390,000, and rental yield measures 7.77% with $2,526/mo rent. Return on cash invested shows 22.41% in year one, and 5% annual appreciation builds toward $107,750 over five years. Five-year ROI reaches 115.74% and total cumulative return in cash records $149,636. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,526/mo property income covering a $1,909/mo payment rather than investor’s personal income.
Single Family
Built in 2021
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19941, Ellendale, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,386 (100%) |
| Owner Occupied HU | 1,034 (74.6%) |
| Renter Occupied HU | 244 (17.6%) |
| Vacant Housing Units | 108 ( 7.8%) |
| Median Home Value | $347,115 |
| Average Home Value | $371,431 |
Housing Distribution
Address Breakdown
Residential
1,315
Single Family
1,315
Multi-Family
0
Businesses
44
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