8 Redding CirMiddletownDE19709
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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 8 Redding Cir, Middletown, DE, 19709 priced at $386,900 converts $2,908/mo rent into $669/mo cash flow after a $1,894/mo obligation. Total monthly income equals $2,908/mo, and annual cash flow totals $8,028/yr on $128,257 invested. Return on cash invested prints 26.17% in year one, and rental yield reads 9.02% against a $386,900 entry. Equity gained on principal adds $2,497/yr, while 5% annual appreciation compiles into $106,893 by year five. Five-year ROI reaches 135.91% and total cumulative return in cash sums $174,319. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,908/mo property income covering a $1,894/mo payment, not borrower’s personal income.
Single Family
Built in 1961
6,534 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: Clifton Skinner • Long & Foster Real Estate, Inc.
Mls Name: Bright MLS
Mls ID: #DENC2091860