515 Nicklaus Ln, Magnolia, DE, 19962 | $74/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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515 Nicklaus Ln, Magnolia, DE, 19962 | $74/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Magnolia at 515 Nicklaus Ln, Magnolia, DE, 19962 listed at $400,000 pairs $2,389/mo rent with a $1,958/mo payment to leave $74/mo cash flow. Total monthly income runs $2,389/mo, and annual cash flow reaches $892/yr on $132,600 cash to close. Return on cash invested measures 20.58% in year one, and rental yield registers 7.17% at a $400,000 basis. Equity gained on principal adds $2,581/yr, and annual property appreciation at 5% supports $110,513 by year five. Five-year ROI tracks 105.94% and total cumulative return in cash totals $140,476. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,389/mo property income relative to a $1,958/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 2016

7,797 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 515 Nicklaus Lane, a charming ranch-style home located in the desirable Champions Club at Jonathans Landing community in Magnolia, DE. Built in 2016, this well-maintained 2-bedroom, 2-bathroom home offers approximately 1,637 square feet of single-level living with an open and functional layout. The spacious living and dining areas are filled with natural light, and the screened in lanai is an owners dream. Situated on a beautifully manicured lot, the property includes an attached garage and low-maintenance siding. This home offers an ideal blend of comfort, value, and community, perfect for those seeking a peaceful, low-maintenance lifestyle in a vibrant 55+ neighborhood.

Neighborhood Data

Neighborhood data shown for ZIP Code: 19962, Magnolia, DE area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,236 (100%)
Owner Occupied HU	4,190 (80.0%)
Renter Occupied HU	864 (16.5%)
Vacant Housing Units	182 ( 3.5%)
Median Home Value	$403,559
Average Home Value	$400,849