309 Washington StDelaware CityDE19706
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
Investment property for sale in Delaware City at 309 Washington St, Delaware City, DE, 19706 offers a 11.03% rental yield on a $265,000 purchase with $2,436/mo rent. Total monthly income registers $2,436/mo, and a $1,297/mo payment leaves $903/mo available for distribution. Annual cash flow reaches $10,833/yr on $87,848 to close, and return on cash invested stands at 32.24% in year one. Equity gained on principal adds $1,710/yr while 5% annual appreciation supports $73,215 over five years. Portfolio math shows five-year ROI at 168.45% and total cumulative return in cash at $147,975. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,436/mo property income against a $1,297/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1930
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19706, Delaware City, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 806 (100%) |
| Owner Occupied HU | 629 (78.0%) |
| Renter Occupied HU | 130 (16.1%) |
| Vacant Housing Units | 47 ( 5.8%) |
| Median Home Value | $334,459 |
| Average Home Value | $337,631 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
77
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Nearby investment properties with comparable prices
Listed by: Fernando Hurtado • Smalls Real Estate Company
Mls Name: Bright MLS
Mls ID: #DENC2085176