402 N 2nd StDelmarDE19940
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 Delmar at 402 N 2nd St, Delmar, DE, 19940 uses $125,937 cash to close to unlock $5,547/yr annual cash flow and $462/mo monthly cash flow. Total monthly income runs $2,660/mo, and a $1,859/mo payment keeps the spread at $462/mo. Purchase price stands at $379,900, and rental yield measures 8.4% with $2,660/mo rent. Return on cash invested shows 24.31% in year one, and 5% annual appreciation builds toward $104,959 over five years. Five-year ROI reaches 125.94% and total cumulative return in cash records $158,609. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,660/mo property income covering a $1,859/mo payment rather than investor’s personal income.
Single Family
Built in 1904
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19940, Delmar, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,675 (100%) |
| Owner Occupied HU | 2,027 (75.8%) |
| Renter Occupied HU | 482 (18.0%) |
| Vacant Housing Units | 166 ( 6.2%) |
| Median Home Value | $337,554 |
| Average Home Value | $456,906 |
Housing Distribution
Address Breakdown
Residential
2,679
Single Family
2,678
Multi-Family
1
Businesses
271
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices