657 Vance Neck 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
Investment property for sale in Middletown at 657 Vance Neck Rd, Middletown, DE, 19709 with 5% annual appreciation on a $880,000 basis while $3,540/mo rent supports operations. 63% in year one. Equity gained on principal adds $5,679/yr, and five-year appreciation sums $243,128 alongside rental yield of 4.83%. Five-year ROI measures 68.6% and total cumulative return in cash totals $198,620. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,540/mo property income versus a $4,307/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1996
1.99 Acres 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: Lisa Coleman • Thyme Real Estate Co LLC
Mls Name: Bright MLS
Mls ID: #DENC2095440