462 Rederick LnMiddletownDE19709
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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 462 Rederick Ln, Middletown, DE, 19709 offers $3,136/mo rent that, after a $2,076/mo payment, leaves $682/mo cash flow. Total monthly income is $3,136/mo, and annual cash flow is $8,181/yr on $140,618 cash. Return on cash invested measures 25.73% in year one, and rental yield stands at 8.87% at a $424,187 entry. Equity gained on principal adds $2,737/yr while 5% annual appreciation compounds into $117,195 by year five. Five-year ROI records 133.51% and total cumulative return in cash reaches $187,742. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,136/mo property income versus a $2,076/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2025
N/A 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: Tianne Bennett • Benchmark Builders
Mls Name: Benchmark Builders
Mls ID: #N/A