2 Castleberry LnGeorgetownDE19947
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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 Georgetown at 2 Castleberry Ln, Georgetown, DE, 19947 uses $112,710 cash to close to unlock $4,102/yr annual cash flow and $342/mo monthly cash flow. Total monthly income runs $2,309/mo, and a $1,664/mo payment keeps the spread at $342/mo. Purchase price stands at $340,000, and rental yield measures 8.15% with $2,309/mo rent. Return on cash invested shows 23.55% in year one, and 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 121.83% and total cumulative return in cash records $137,310. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,309/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Single Family
Built in 2008
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19947, Georgetown, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,053 (100%) |
| Owner Occupied HU | 5,508 (68.4%) |
| Renter Occupied HU | 1,913 (23.8%) |
| Vacant Housing Units | 632 ( 7.8%) |
| Median Home Value | $417,674 |
| Average Home Value | $441,528 |
Housing Distribution
Address Breakdown
Residential
7,767
Single Family
7,411
Multi-Family
356
Businesses
818
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Listed by: MICHAEL WEBSTER • ARE PROS.
Mls Name: Bright MLS
Mls ID: #DESU2100242