299 W Clarendon DrSmyrnaDE19977
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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 Smyrna at 299 W Clarendon Dr, Smyrna, DE, 19977 uses $197,367 cash to close to unlock $2,005/yr annual cash flow and $167/mo monthly cash flow. Total monthly income runs $3,638/mo, and a $2,936/mo payment keeps the spread at $167/mo. Purchase price stands at $599,900, and rental yield measures 7.28% with $3,638/mo rent. Return on cash invested shows 21.08% in year one, and 5% annual appreciation builds toward $165,741 over five years. Five-year ROI reaches 108.56% and total cumulative return in cash records $214,252. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,638/mo property income covering a $2,936/mo payment rather than investor’s personal income.
Single Family
Built in 2008
10,846 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19977, Smyrna, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,092 (100%) |
| Owner Occupied HU | 8,859 (79.9%) |
| Renter Occupied HU | 1,695 (15.3%) |
| Vacant Housing Units | 538 ( 4.9%) |
| Median Home Value | $350,711 |
| Average Home Value | $357,988 |
Housing Distribution
Address Breakdown
Residential
10,762
Single Family
10,740
Multi-Family
22
Businesses
637
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