513 Canter Rd · Ardentown, DE 19810

$123,000

2 bd · 2.0 ba · 896 sqft · Other · 14 Days on market

Built 2024

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Rent growth +3.6/5.0
• Livability +3.2/5.0
• Schools +3.1/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This beautiful home is a 2024 model (14'wide x 64 long), and is in great condition! The common areas feature deluxe, radiant vinyl plank while the bedrooms feature cozy carpet. You are greeted with an open floor plan upon entry to the kitchen and living room with plenty of space for furniture and decoration. The kitchen also has abundant cabinet and counter space, with all appliances included. The front bedroom sports a full hall bath while the back bedroom sits across from a stunning second bathroom with tile and full glass doors . As this is a mobile home, conventional mortgages will not be applicable. However, special financing, a personal loan, or cash are all acceptable. The lot rent i

Key facts

• Built 2024

Property features AI

Exterior

• Home design: Single family home; 1 story

Interior

• Bedrooms: 2 bedrooms
• Bathrooms: 2 bathrooms
• Heating & cooling: Central air conditioning
• Interior features: Single-level living

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath other listed at $123k.

Deal economics

• At list price, monthly cash flow is $775 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $123k).
• Cap rate 13.9% vs local median 3.2% in Ardentown — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 65/100 on livability (#44 in DE) — a middle-class / working-renter tenant base. Strengths: schools B+, crime B+, housing B; Watch: cost of living C-, amenities F, commute F.
• Brandywine School District (suburban): math 28% / reading 40% proficiency, ranked #11 of 26 in DE (top 42%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+4.3%/yr); 67 active listings in the ZIP; 2 comparable units currently listed for rent nearby; high-income renter base; 1,367 units permitted in New Castle County in 2024 (201 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $850 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• New Castle County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 4.3% rent growth), your $34k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $123,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
3. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
4. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
5. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.67% ✓
• Cap rate: 13.85%
• Cash-on-cash: 26.99%
• DSCR: 2.20
• GRM: 5.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 4.34% rent growth · sell at horizon

5-year hold

• IRR: 22.4%
• Equity multiple: 1.94×
• Total profit: $32,248
• Equity at exit: $18,340

10-year hold

• IRR: 31.3%
• Equity multiple: 4.01×
• Total profit: $103,587
• Equity at exit: $10,635

Cash invested: $34,440 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 70 Landlord-Friendly
• State Delaware: 70 Landlord-Friendly · D+7
• County: — inherits STATE
• City: — inherits STATE

Court of Common Pleas hears L&T; moderate-paced. No state rent control.

Methodology + full state rankings →

ZIP-level market 19810

• Rents YoY: 4.3%
• Active inventory: 67
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $2,057 medium
• Mortgage (P&I): −$645
• Tax est. 1.5%: −$154 /mo · $1,845/yr
• Insurance: −$51
• HOA: −$0
• Vacancy / Maint / Mgmt: −$432
• Net cashflow: $775

Break-even live

Break-even rent $1,076

Max offer price $123,000

Occupancy floor 57%

Sensitivity live

Price	-10% $860	-5% $817	+0% $775	+5% $732	+10% $690
Rent	-10% $612	-5% $693	+0% $775	+5% $856	+10% $937
Rate	-1.0pp $837	-0.5pp $806	base $775	+0.5pp $743	+1.0pp $710

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $30,750
• Closing costs: $3,690
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3120 Naamans Rd Wilmington, DE	2.0	1.0–2.0	805	$1,877	$2.33	0d	16	0.81mi
7000 Johnson Farm Ln Chadds Ford, PA	1.0–3.0	1.0–2.0	1007	$2,394	$2.38	2d	16	1.15mi

Listing history 9 events

1. 2026-06-21
   days on market $123,000 Coming Soon 14 DOM
2. 2026-06-18
   days on market $123,000 Coming Soon 11 DOM
3. 2026-06-17
   days on market $123,000 Coming Soon 10 DOM
4. 2026-06-16
   days on market $123,000 Coming Soon 9 DOM
5. 2026-06-15
   days on market $123,000 Coming Soon 8 DOM
6. 2026-06-13
   days on market $123,000 Coming Soon 6 DOM
7. 2026-06-09
   days on market $123,000 Coming Soon 2 DOM
8. 2026-06-08
   remarks 699-char remark
9. 2026-06-08
   listed $123,000 Coming Soon 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $24,679
• − Mortgage interest: −$6,890
• − Property taxes: −$1,845
• − Insurance: −$615
• − Repairs & maintenance: −$1,974
• − Management: −$1,974
• − Depreciation: −$3,578
• Taxable income: $7,802
• Est. tax owed @ 24.0%: −$1,872
• After-tax cash flow: $7,423/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Brandywine School District
• NCES district ID: 1001240
• Math proficiency: 28% ▼ -13.00%
• Reading proficiency: 40% ▼ -13.00%
• Median HH income: $68,743
• Composite: 31.27/100
• National rank: #6019
• State rank: #11 of 26 in DE

Livability — Ardentown

• Score: 65/100
• State rank: #44
• US rank: #12796

Category grades

Amenities F Commute F Cost of living C- Crime B+ Employment C+ Housing B Health & safety D- User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: New Castle County · 483,412 people
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 26,530
• Household income: $112,775
• Rent vs Own: 18.8% rent · 81.2% own
• Severe rent burden: 620.0

Population outlook (New Castle County) Hauer SSP2

• Today (2025): 594,686 people
• By 2030: 609,164 · +2.4%
• By 2040: 632,154 · +6.3%
• By 2050: 649,068 · +9.1%
• By 2075: 687,771 · +15.7%
• By 2100: 694,961 · +16.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (75%)
• Race & ethnicity: White 75% Black 10% Two or more races 7% Asian 6% Hispanic / Latino 3%
• Common ancestry: Romanian 5% Slovak 3% Lithuanian 1%
• Foreign-born: 9% · China, Canada, South Korea
• Languages at home: 90% English-only · Other Indo-European 2% Other Asian/Pacific 2% Chinese 1%

Political lean MEDSL · New Castle

• 2024 margin: Solid D (+32.6) · D 65.5% · R 32.9% · Other 1.6%
• 2008→2024 swing: -8.1pp toward R · 2008: 40.6pp · 2024: 32.6pp
• All cycles: 2024: D+32.6 2020: D+37.1 2016: D+29.6 2012: D+34.1 2008: D+40.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -238.75%
• Current HPI: 239.5077
• Rent YoY: ▲ 4.34%
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• State GDP YoY: —
• F500 in state: 0