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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 51 Springmill Dr, Middletown, DE, 19709 priced at $397,000 converts $3,200/mo rent into $903/mo cash flow after a $1,943/mo obligation. Total monthly income equals $3,200/mo, and annual cash flow totals $10,836/yr on $131,606 invested. Return on cash invested prints 28.14% in year one, and rental yield reads 9.67% against a $397,000 entry. Equity gained on principal adds $2,562/yr, while 5% annual appreciation compiles into $109,684 by year five. Five-year ROI reaches 146.5% and total cumulative return in cash sums $192,802. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,200/mo property income covering a $1,943/mo payment, not borrower’s personal income.
Single Family
Built in 2002
8,712 sqft 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Bob Teeven • Long & Foster Real Estate, Inc.
Mls Name: Bright MLS
Mls ID: #DENC2083796
