87 Salerno Dr, Smyrna, DE, 19977 | $738/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
1 Bath
1344 sft

114 W North St, Felton, DE, 19943

2 Bed
1 Bath
1120 sft

1 Ferry Point Ln, Earleville, MD, 21919

3 Bed
2 Bath
1388 sft

194 Cattle Dr, Felton, DE, 19943

3 Bed
2 Bath
1620 sft

24 Welch Dr, Dover, DE, 19901

Nearby investment properties with comparable prices

- Bed
- Bath
- sft

1430 W College Rd, Dover, DE, 19904

2 Bed
3 Bath
1125 sft

122 Vincent Cir, Middletown, DE, 19709

3 Bed
2 Bath
1539 sft

33 Cherry Dr W, Magnolia, DE, 19962

3 Bed
1 Bath
1120 sft

2318 S Dupont Blvd, Smyrna, DE, 19977

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Smyrna at 87 Salerno Dr, Smyrna, DE, 19977 priced at $310,000 converts $2,531/mo rent into $738/mo cash flow after a $1,517/mo obligation. Total monthly income equals $2,531/mo, and annual cash flow totals $8,851/yr on $102,765 invested. Return on cash invested prints 28.52% in year one, and rental yield reads 9.8% against a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation compiles into $85,647 by year five. Five-year ROI reaches 148.51% and total cumulative return in cash sums $152,611. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,531/mo property income covering a $1,517/mo payment, not borrower’s personal income.

Townhouse

Built in 2014

2,613 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 19977, Smyrna, DE area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	11,092 (100%)
Owner Occupied HU	8,859 (79.9%)
Renter Occupied HU	1,695 (15.3%)
Vacant Housing Units	538 ( 4.9%)
Median Home Value	$350,711
Average Home Value	$357,988