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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Delmar at 701 E Grove St, Delmar, DE, 19940 uses $33,150 cash to close to unlock $2,698/yr annual cash flow and $225/mo monthly cash flow. Total monthly income runs $803/mo, and a $489/mo payment keeps the spread at $225/mo. Purchase price stands at $100,000, and rental yield measures 9.64% with $803/mo rent. Return on cash invested shows 28.05% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 145.93% and total cumulative return in cash records $48,376. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $803/mo property income covering a $489/mo payment rather than investor’s personal income.
Single Family
Built in 1920
8,407 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 19940, Delmar, DE area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,675 (100%) |
| Owner Occupied HU | 2,027 (75.8%) |
| Renter Occupied HU | 482 (18.0%) |
| Vacant Housing Units | 166 ( 6.2%) |
| Median Home Value | $337,554 |
| Average Home Value | $456,906 |
Residential
2,679
Single Family
2,678
Multi-Family
1
Businesses
271
Date | Event | Price |
|---|---|---|
| 2025-07-25 | Listed for sale | $100,000 |
| 2016-06-14 | Sold | $30,500 |
| 2016-01-08 | Sold | $30,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-05 | $413.31 | 1.36% | $8,200 | N/A |
| 2023-08-05 | $407.76 | 3.04% | $8,200 | N/A |
| 2022-08-05 | $395.73 | -6.12% | $8,200 | N/A |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
