400 Rederick Ln #1MiddletownDE19709
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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 Middletown at 400 Rederick Ln #1, Middletown, DE, 19709 offers $3,580/mo rent that, after a $3,000/mo payment, leaves $33/mo cash flow. Total monthly income is $3,580/mo, and annual cash flow is $401/yr on $201,677 cash. Return on cash invested measures 20.26% in year one, and rental yield stands at 7.01% at a $613,000 entry. Equity gained on principal adds $3,956/yr while 5% annual appreciation compounds into $169,361 by year five. Five-year ROI records 104.16% and total cumulative return in cash reaches $210,061. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,580/mo property income versus a $3,000/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.25 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: Lindsay Shaffer • RE/MAX Elite
Mls Name: Bright MLS
Mls ID: #DENC2079324