530 Wheelmen St #7MiddletownDE19709
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Middletown at 530 Wheelmen St #7, Middletown, DE, 19709 at $591,000 posts ROI 21.42% with $221/mo cash flow from $3,641/mo rent. Total monthly income equals $3,641/mo, and annual cash flow records $2,652/yr on $194,439 to close. Return on cash invested measures 21.42% and rental yield reads 7.39% at the current $591,000. Equity gained on principal adds $3,814/yr, and 5% annual appreciation supports $163,282 by year five. Five-year ROI prints 110.42% and total cumulative return in cash totals $214,698.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,641/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
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: Lindsay Shaffer • RE/MAX Elite
Mls Name: Bright MLS
Mls ID: #DENC2079250