2145 Meredith Way, Bear, DE, 19701 | $223/mo Cash Flow

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2145 Meredith Way, Bear, DE, 19701 | $223/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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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

More details about the property

Nestled on a cul-de-sac in the sought-after Waterford community, this spacious 3 bedroom, 2 bath home offers a thoughtfully designed layout and modern updates throughout. The open living and dining area features a vaulted ceiling and a wood-burning fireplace, creating a warm and inviting atmosphere. The remodeled eat-in kitchen includes white cabinetry, upgraded counters, and stainless steel appliances, with a convenient laundry/mud room and access to a screened sunroom adjacent. The private Primary Suite includes a large walk-in closet and an ensuite bath with a soaking tub and separate shower. Two additional bedrooms and a second full bath are located on the opposite side of the home. Community amenities include a scenic pond, sports courts, playground, and more. Schedule your showing today!

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