267 Mingo Way, Townsend, DE, 19734 | $548/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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267 Mingo Way, Townsend, DE, 19734 | $548/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 Townsend at 267 Mingo Way, Townsend, DE, 19734 at $365,000 posts ROI 25.34% with $548/mo cash flow from $2,659/mo rent. Total monthly income equals $2,659/mo, and annual cash flow records $6,571/yr on $120,998 to close. Return on cash invested measures 25.34% and rental yield reads 8.74% at the current $365,000. Equity gained on principal adds $2,355/yr, and 5% annual appreciation supports $100,843 by year five. Five-year ROI prints 131.43% and total cumulative return in cash totals $159,031.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,659/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Townhouse

Built in 2018

2,178 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this gorgeous townhome in popular Spring Oak, which is conveniently situated where Middletown, Townsend and Odessa meet, with historic Cantwells Tavern and the historic houses of Odessa just around the corner. As soon as you step inside, you will feel at home, in this 3 bedroom 2 and a half bath townhome, which has been extremely well maintained and feels like new. There is durable engineered wood flooring throughout the spacious, main floor featuring 42 inch cabinets, granite countertops and stainless appliances in the kitchen and a sliding patio door in the family room leading to a large concrete patio and fully fenced backyard. There is a half bath on this floor and interior access to the single garage which also houses the HVAC system and water heater tucked away inside a cupboard which includes convenient storage for garden tools. Upstairs is fully carpeted and includes the master bedroom with large walk-in closet and beautifully tiled bathroom with garden tub and separate large shower and double vanities. Down the hallway from the master bedroom is the laundry and the second and third bedrooms which share another full bathroom. It's an easy commute both North and South, plus Middletown and all it has to offer in shopping and dining is a short drive away. Come check this beauty out and make this your new Home Sweet Home.

Neighborhood Data

Neighborhood data shown for ZIP Code: 19734, Townsend, DE area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,326 (100%)
Owner Occupied HU	4,785 (89.8%)
Renter Occupied HU	319 ( 6.0%)
Vacant Housing Units	222 ( 4.2%)
Median Home Value	$456,332
Average Home Value	$472,179