215 Lewis DrLaurelDE19956
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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 Laurel at 215 Lewis Dr, Laurel, DE, 19956 priced at $298,500 converts $2,585/mo rent into $858/mo cash flow after a $1,461/mo obligation. Total monthly income equals $2,585/mo, and annual cash flow totals $10,294/yr on $98,953 invested. Return on cash invested prints 30.31% in year one, and rental yield reads 10.39% against a $298,500 entry. Equity gained on principal adds $1,926/yr, while 5% annual appreciation compiles into $82,470 by year five. Five-year ROI reaches 158.08% and total cumulative return in cash sums $156,429. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,585/mo property income covering a $1,461/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19956, Laurel, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,890 (100%) |
| Owner Occupied HU | 5,070 (73.6%) |
| Renter Occupied HU | 1,329 (19.3%) |
| Vacant Housing Units | 491 ( 7.1%) |
| Median Home Value | $309,819 |
| Average Home Value | $358,145 |
Housing Distribution
Address Breakdown
Residential
6,502
Single Family
6,501
Multi-Family
1
Businesses
404
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