908 S Cass St, Middletown, DE, 19709 | $209/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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908 S Cass St, Middletown, DE, 19709 | $209/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Middletown at 908 S Cass St, Middletown, DE, 19709 generates $2,813/mo in rent and, after a $2,203/mo payment, leaves $209/mo in cash flow. Total monthly income is $2,813/mo, and annual cash flow is $2,505/yr on $149,175 invested. Return on cash invested sits at 21.59% in year one, and rental yield is 7.5% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 111.31% and total cumulative return in cash sums $166,050. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,813/mo property income rather than buyer’s personal income.

Single Family

Built in 1961

7,841 sqft lot

$N/A/sqft

No HOA

More details about the property

Rare opportunity to own a double lot in town at an affordable price. This spacious home offers a ton of possibilities. The current owner has done a lot of upgrades over the last few years by updating the kitchen, the flooring, vanities, interior doors and paint. The metal roof was installed in 2021 and the A/C is only 3 years old. The double lot adds to this property in many ways, build a pole barn, build a separate rental or just leave it empty and let the kids play. Schedule your tour today.

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