314 N Porter StSeafordDE19973
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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
Rental property for sale in Seaford at 314 N Porter St, Seaford, DE, 19973 priced at $315,500 converts $2,340/mo rent into $515/mo cash flow after a $1,544/mo obligation. Total monthly income equals $2,340/mo, and annual cash flow totals $6,176/yr on $104,588 invested. Return on cash invested prints 25.81% in year one, and rental yield reads 8.9% against a $315,500 entry. Equity gained on principal adds $2,036/yr, while 5% annual appreciation compiles into $87,167 by year five. Five-year ROI reaches 133.98% and total cumulative return in cash sums $140,130. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,340/mo property income covering a $1,544/mo payment, not borrower’s personal income.
Single Family
Built in 1963
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19973, Seaford, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,058 (100%) |
| Owner Occupied HU | 7,606 (68.8%) |
| Renter Occupied HU | 2,693 (24.4%) |
| Vacant Housing Units | 759 ( 6.9%) |
| Median Home Value | $329,209 |
| Average Home Value | $453,272 |
Housing Distribution
Address Breakdown
Residential
10,793
Single Family
10,487
Multi-Family
306
Businesses
852
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