251 Misty Ridge DrMagnoliaDE19962
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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 Magnolia at 251 Misty Ridge Dr, Magnolia, DE, 19962 offers a 7.85% rental yield on a $389,900 purchase with $2,551/mo rent. Total monthly income registers $2,551/mo, and a $1,908/mo payment leaves $295/mo available for distribution. Annual cash flow reaches $3,544/yr on $129,252 to close, and return on cash invested stands at 22.65% in year one. Equity gained on principal adds $2,516/yr while 5% annual appreciation supports $107,722 over five years. Portfolio math shows five-year ROI at 117.03% and total cumulative return in cash at $151,261. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,551/mo property income against a $1,908/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
0.89 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19962, Magnolia, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,236 (100%) |
| Owner Occupied HU | 4,190 (80.0%) |
| Renter Occupied HU | 864 (16.5%) |
| Vacant Housing Units | 182 ( 3.5%) |
| Median Home Value | $403,559 |
| Average Home Value | $400,849 |
Housing Distribution
Address Breakdown
Residential
5,202
Single Family
5,202
Multi-Family
0
Businesses
83
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