308 Ellenwood DrMiddletownDE19709
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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 Middletown at 308 Ellenwood Dr, Middletown, DE, 19709 earns $172/mo cash flow from $4,106/mo rent with a $3,328/mo payment. Total monthly income totals $4,106/mo, and annual cash flow totals $2,060/yr on $223,720 capital. ROI tracks 20.98% on current figures, and rental yield reads 7.25% at a $680,000 purchase. Equity gained on principal adds $4,388/yr, and 5% annual appreciation supports $187,871 over five years. Five-year ROI reaches 108.02% and total cumulative return in cash sums $241,668. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,106/mo property income instead of your personal income.
Single Family
Built in 2006
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19709, Middletown, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,449 (100%) |
| Owner Occupied HU | 17,725 (86.7%) |
| Renter Occupied HU | 2,165 (10.6%) |
| Vacant Housing Units | 559 ( 2.7%) |
| Median Home Value | $459,211 |
| Average Home Value | $489,425 |
Housing Distribution
Address Breakdown
Residential
19,957
Single Family
19,720
Multi-Family
237
Businesses
1,085
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Listed by: Kate DiCesare • Iron Valley Real Estate at The Beach
Mls Name: Bright MLS
Mls ID: #DENC2095970