2304 Porter RdBearDE19701








Nearby investment properties with comparable rents
Nearby investment properties with comparable prices

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 Bear at 2304 Porter Rd, Bear, DE, 19701 offers $3,900/mo rent that, after a $3,303/mo payment. Total monthly income is $3,900/mo. Return on cash invested measures 18.68% in year one, and rental yield stands at 6.93% at a $674,900 entry. Equity gained on principal adds $4,355/yr while 5% annual appreciation compounds into $186,462 by year five. Five-year ROI records 96.2% and total cumulative return in cash reaches $213,607. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,900/mo property income versus a $3,303/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1990
1.60 Acres lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2024-09-18 | Price change | $674,900 |
| 2024-08-21 | Price change | $684,900 |
| 2024-07-17 | Price change | $694,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $6841.90 | 57.86% | $125,000 | N/A |
| 2022-10-14 | $4334.06 | 0.25% | $125,000 | N/A |
| 2021-10-14 | $4323.38 | 3.12% | $125,000 | N/A |
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices



Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1990
- Architectural Style: Cape Cod
- Building Area: N/A
- Living Area: 4,000 sqft
- Property Condition: N/A
Features & Amenities
- Heating: 90% Forced Air, Baseboard - Electric, Electric
- Cooling: Central A/C, Electric
- Flooring: N/A
- Interior Features: 2nd Kitchen
- Exterior Features: N/A
- Parking Features: Garage Faces Front, Attached Garage
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Well
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Yuliana Goldin Dunn • Patterson-Schwartz-Middletown
Mls Name: Bright MLS
Mls Provider:
Mls ID: #DENC2061350
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