523 N Phillips StSeafordDE19973
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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 Seaford at 523 N Phillips St, Seaford, DE, 19973 offers $2,114/mo rent that, after a $1,248/mo payment, leaves $639/mo cash flow. Total monthly income is $2,114/mo, and annual cash flow is $7,665/yr on $84,499 cash. Return on cash invested measures 28.98% in year one, and rental yield stands at 9.95% at a $254,900 entry. Equity gained on principal adds $1,645/yr while 5% annual appreciation compounds into $70,424 by year five. Five-year ROI records 150.97% and total cumulative return in cash reaches $127,572. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,114/mo property income versus a $1,248/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19973, Seaford, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,058 (100%) |
| Owner Occupied HU | 7,606 (68.8%) |
| Renter Occupied HU | 2,693 (24.4%) |
| Vacant Housing Units | 759 ( 6.9%) |
| Median Home Value | $329,209 |
| Average Home Value | $453,272 |
Housing Distribution
Address Breakdown
Residential
10,793
Single Family
10,487
Multi-Family
306
Businesses
852
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