512 Ironleaf Dr, Middletown, DE, 19709 | $338/mo Cash Flow | Ziffy
Save Search
Filters Applied
Edit
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loan officer
Loan officer
Loan officer
Powered by
Ziffy Mortgage
NMLS #2625701
Get Pre-Approved
AI

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
AI
ZiffyAI
Explore more listings using simple english

Investment Highlights

Investment property for sale in Middletown at 512 Ironleaf Dr, Middletown, DE, 19709 listed at $674,990 pairs $4,294/mo rent with a $3,304/mo payment to leave $338/mo cash flow. Total monthly income runs $4,294/mo, and annual cash flow reaches $4,058/yr on $222,072 cash to close. Return on cash invested measures 21.89% in year one, and rental yield registers 7.63% at a $674,990 basis. Equity gained on principal adds $4,356/yr, and annual property appreciation at 5% supports $186,487 by year five. Five-year ROI tracks 113% and total cumulative return in cash totals $250,932. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,294/mo property income relative to a $3,304/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 2024

0.50 Acres lot

$N/A/sqft

$50 monthly HOA

More details about the property

OCTOBER MOVE-IN! Welcome to 512 Ironleaf Drive, a beautifully designed 4-bedroom, 3.5-bathroom Dalton Farmhouse in the highly sought-after Appoquinimink School District. This two-story home offers an array of features and upgrades. The first floor boasts a versatile flex room with optional doors, an inviting open-concept main living area with cozy fireplace, and a convenient home office. The gourmet kitchen stands out with sleek Carrara Breve quartz countertops, a stylish Fawn Gloss backsplash, and stainless steel appliances. Already included is the morning room extension offering more living space. The second floor features three well-appointed secondary bedrooms, one with a private full bathroom. The luxurious owners suite is highlighted by an optional tray ceiling and a spa-inspired bathroom with both a tub and a separate shower. A conveniently located laundry room includes a washer and dryer. Additional enhancements include stained oak treads with painted risers on the main stairs and an optional oak rail already included. *Pictures of are of model home and for representational purposes only. Please see New Home Consultant for details. Taxes to be assessed after settlement. If using a Realtor: the agent's client must acknowledge on their first interaction with Lennar that they are being represented by a Realtor, and the Realtor must accompany their client on their first visit. *

Neighborhood Data

Neighborhood data shown for ZIP Code: 19709, Middletown, DE area.

Housing Distribution

Housing Statistics

CategoryValue
Total HU (Housing Units)20,449 (100%)
Owner Occupied HU17,725 (86.7%)
Renter Occupied HU2,165 (10.6%)
Vacant Housing Units559 ( 2.7%)
Median Home Value$459,211
Average Home Value$489,425

Address Breakdown

Residential

19,957

Single Family

19,720

Multi-Family

237

Businesses

1,085

Price History

Date

Event

Price

2024-10-13Price change$674,900
2024-10-12Price change$674,990
2024-09-10Price change$689,900

Tax History

Date

Tax Paid

Tax Increase Rate

Value

Value Increase Rate

No tax history data available
Loan officer
Loan officer
Loan officer
Powered by
Ziffy Mortgage
NMLS #2625701
Get Pre-Approved

Facts & Features

General Information

  • Type: SingleFamily
  • Year Built: 2024
  • Architectural Style: Traditional
  • Building Area: N/A
  • Living Area: N/A
  • Property Condition: Excellent

Features & Amenities

  • Heating: Programmable Thermostat, Natural Gas
  • Cooling: Central A/C, Natural Gas
  • Flooring: N/A
  • Interior Features: N/A
  • Exterior Features: N/A
  • Parking Features: Garage Faces Side, Inside Entrance, Attached Garage, Driveway

Location

  • City: Middletown
  • State: DE
  • Subdivision: Copperleaf
  • Lot Size: 0.50 Acres
  • Lot Features: N/A
  • View: N/A

HOA & Fees

  • HOA Fee: $50 monthly
  • Association Fee: $50 monthly
  • Fees & Dues: N/A
  • Association Amenities: N/A
  • Association Fee Includes: N/A

Utilities

  • Utilities: N/A
  • Sewer: On Site Septic
  • Water Source: Public
  • Road Surface Type: N/A

School Information

  • Elementary School: N/A
  • Middle School: N/A
  • High School: N/A

Listed by: David Vasso • Atlantic Five Realty 

Mls Name: Bright MLS

Mls Provider:Mls

Mls ID: #DENC2066978

Disclaimer: The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 Bright MLS, Inc. [Click here for more information](/info/mls-disclaimers/#mls_5632)

AI
AI