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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Middletown at 454 Rederick Ln, Middletown, DE, 19709 generates $3,365/mo in rent and, after a $2,234/mo payment, leaves $724/mo in cash flow. Total monthly income is $3,365/mo, and annual cash flow is $8,688/yr on $151,305 invested. Return on cash invested sits at 25.65% in year one, and rental yield is 8.85% on a $456,424 entry. Equity gained on principal adds $2,945/yr, while 5% annual appreciation builds toward $126,102 over five years. Five-year ROI reaches 133.13% and total cumulative return in cash sums $201,439. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,365/mo property income rather than buyer’s personal income.
Townhouse
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 19709, Middletown, DE area.
| 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 |
Residential
19,957
Single Family
19,720
Multi-Family
237
Businesses
1,085
Date | Event | Price |
|---|---|---|
| 2024-06-05 | Listed for sale | $456,424 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $115.05 | -0.27% | $3,100 | N/A |
| 2022-10-14 | $115.36 | 1.24% | $3,100 | N/A |
| 2021-10-14 | $113.95 | 2562.38% | $3,100 | N/A |
Listed by: Tianne Bennett • Benchmark Builders
Mls Name: Benchmark Builders
Mls ID: #N/A
