635 Barrie RdMiddletownDE19709
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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 Middletown at 635 Barrie Rd, Middletown, DE, 19709 priced at $365,000 pairs $2,976/mo rent with $865/mo cash flow after a $1,786/mo payment. Total monthly income equals $2,976/mo, and annual cash flow comes to $10,375/yr on $120,998 invested. Return on cash invested is 28.48% in year one, and rental yield stands at 9.78% on a $365,000 basis. Equity gained on principal adds $2,355/yr, and 5% annual appreciation accumulates to $100,843 by year five. Five-year ROI measures 148.3% and total cumulative return in cash reaches $179,443. For financing, Ziffy Mortgage’s DSCR program evaluates $2,976/mo property income against a $1,786/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2014
2,178 sqft 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: Maddie Justison • Crown Homes Real Estate
Mls Name: Bright MLS
Mls ID: #DENC2086358