400 Rederick Ln #3, Middletown, DE, 19709 | $478/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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400 Rederick Ln #3, Middletown, DE, 19709 | $478/mo Cash Flow | Ziffy

For Sale

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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 Middletown at 400 Rederick Ln #3, Middletown, DE, 19709 priced at $618,000 pairs $4,054/mo rent with $478/mo cash flow after a $3,025/mo payment. Total monthly income equals $4,054/mo, and annual cash flow comes to $5,735/yr on $203,322 invested. Return on cash invested is 22.88% in year one, and rental yield stands at 7.87% on a $618,000 basis. Equity gained on principal adds $3,988/yr, and 5% annual appreciation accumulates to $170,742 by year five. Five-year ROI measures 118.21% and total cumulative return in cash reaches $240,347. For financing, Ziffy Mortgage’s DSCR program evaluates $4,054/mo property income against a $3,025/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in N/A

0.25 Acres lot

$N/A/sqft

No HOA

More details about the property

TO BE BUILT - The Bennett This beautiful 2 story home features 4 bedrooms, 2.5 baths, 2 car garage. Standard features include a partially finished basement, Granite kitchen countertops, 42" maple cabinets, stainless steel appliances, hardwood floors in foyer, kitchen & breakfast area & a stone water table on the exterior. Appoquinimink School district!

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