202 N Bedford StGeorgetownDE19947
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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
Rental property for sale in Georgetown at 202 N Bedford St, Georgetown, DE, 19947 priced at $420,000 converts $2,770/mo rent into $340/mo cash flow after a $2,056/mo obligation. Total monthly income equals $2,770/mo, and annual cash flow totals $4,074/yr on $139,230 invested. Return on cash invested prints 22.84% in year one, and rental yield reads 7.91% against a $420,000 entry. Equity gained on principal adds $2,710/yr, while 5% annual appreciation compiles into $116,038 by year five. Five-year ROI reaches 118.01% and total cumulative return in cash sums $164,311. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,770/mo property income covering a $2,056/mo payment, not borrower’s personal income.
Single Family
Built in 1894
0.35 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: Ms. FRANNIE ESPARZA • Northrop Realty
Mls Name: Bright MLS
Mls ID: #DESU2096016