370 Mingo Way, Townsend, DE, 19734 | $556/mo Cash Flow

For Sale

Listed for sale 2 days ago

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

Rental property for sale in Townsend at 370 Mingo Way, Townsend, DE, 19734 priced at $395,500 converts $2,845/mo rent into $556/mo cash flow after a $1,936/mo obligation. Total monthly income equals $2,845/mo, and annual cash flow totals $6,676/yr on $131,108 invested. Return on cash invested prints 25% in year one, and rental yield reads 8.63% against a $395,500 entry. Equity gained on principal adds $2,552/yr, while 5% annual appreciation compiles into $109,269 by year five. Five-year ROI reaches 129.64% and total cumulative return in cash sums $169,975. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,845/mo property income covering a $1,936/mo payment, not borrower’s personal income.

Townhouse

Built in 2026

2,178 sqft lot

$N/A/sqft

No HOA

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