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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Odessa at 201 Mechanic St, Odessa, DE, 19730 generates $3,284/mo in rent and, after a $2,203/mo payment, leaves $680/mo in cash flow. Total monthly income is $3,284/mo, and annual cash flow is $8,157/yr on $149,175 invested. Return on cash invested sits at 25.38% in year one, and rental yield is 8.76% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 131.63% and total cumulative return in cash sums $196,362. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,284/mo property income rather than buyer’s personal income.
Single Family
Built in 1991
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 19730, Odessa, DE area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 179 (100%) |
| Owner Occupied HU | 154 (86.0%) |
| Renter Occupied HU | 22 (12.3%) |
| Vacant Housing Units | 3 ( 1.7%) |
| Median Home Value | $387,143 |
| Average Home Value | $424,578 |
Residential
1
Single Family
1
Multi-Family
0
Businesses
112
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Michael Wilson • BHHS Fox & Roach-Greenville
Mls Name: Bright MLS
Mls ID: #DENC2091850
