2145 Meredith WayBearDE19701
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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 Bear at 2145 Meredith Way, Bear, DE, 19701 uses $38,089 cash to close to unlock $2,670/yr annual cash flow and $223/mo monthly cash flow. Total monthly income runs $887/mo, and a $562/mo payment keeps the spread at $223/mo. Purchase price stands at $114,900, and rental yield measures 9.26% with $887/mo rent. Return on cash invested shows 26.92% in year one, and 5% annual appreciation builds toward $31,745 over five years. Five-year ROI reaches 139.95% and total cumulative return in cash records $53,306. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $887/mo property income covering a $562/mo payment rather than investor’s personal income.
Manufactured
Built in 1997
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19701, Bear, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,521 (100%) |
| Owner Occupied HU | 12,885 (78.0%) |
| Renter Occupied HU | 3,089 (18.7%) |
| Vacant Housing Units | 547 ( 3.3%) |
| Median Home Value | $385,141 |
| Average Home Value | $401,688 |
Housing Distribution
Address Breakdown
Residential
16,404
Single Family
14,748
Multi-Family
1,656
Businesses
920
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