36 Denham Ave · Claymont, DE 19703

$159,000

3 bd · 1.0 ba · 1,125 sqft · Townhouse public records · 40 Days on market

Built 1920 $141/sqft · 32% below area Est $234k · 32% under

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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
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.4/10.0
• Livability +3.5/5.0
• Rent growth +3.3/5.0
• Schools +3.1/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Drop your bags and move right in! 36 Denham is the home you have been waiting for! This brick 3 bedroom/1 bath townhome has been fully renovated for a new owner! Conveniently Located to 95 and 495, minutes to both PA and to Wilmington! This property has a full basement and large back deck as well! All for under 200k!

Key facts

• On-street parking
• Front and rear yards
• Driveway access

Tags

• PARTIALLY FINISHED BASEMENT
• FRONT AND REAR YARDS
• PRIME LOCATION
• ON-STREET PARKING
• DRIVEWAY ACCESS
• ALLEY PARKING

Property features AI

Exterior

• Parking: On-street parking; Driveway access; Alley access
• Utilities: Public water; Public sewer; Natural gas available; Electric available; Cable TV available; Internet options: DSL, Cable, Fiber Optic, Satellite, Fixed Wireless; Hot water: electric
• Home design: Interior townhouse/rowhouse; Fee simple ownership
• Construction: Brick construction; Block foundation; Above-grade structures
• Exterior features: Front yard, rear yard and landscaping

Interior

• Bedrooms: Three bedrooms on the main level
• Bathrooms: One full bathroom on the main level
• Heating & cooling: 90% forced air heating (natural gas); Window AC units (electric)
• Interior features: Partially finished full basement; Estimated living area

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $159k.

Deal economics

• At list price, monthly cash flow is $692 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $159k).
• Recommended offer: $154k (3.0% below list) — sets the bar for market timing.
• Cap rate 11.5% vs local median 4.8% in Claymont — 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 69/100 on livability (#25 in DE) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: 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.
• Zoned schools: Claymont Elementary School (math 38% / reading 43%, grade F, #25 of 105 statewide, top 26%, 850 students, 0% FRL); Talley Middle School (math 17% / reading 27%, grade F, #26 of 36 statewide, top 71%, 841 students, 0% FRL); Brandywine High School (math 32% / reading 47%, grade F, #12 of 40 statewide, top 31%, 950 students, 0% FRL) — zoned schools average 0% FRL vs 38% district-wide (38 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising (+3.1%/yr); 35 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals leasing fast (median 0d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 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 $1k of loan paydown is wiped out by about $5k 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 + 3.1% rent growth), your $45k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 40 days — a 3% lower offer ($154k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 31y ago; this cycle's ask has dropped $40k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $136k; 17% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $154,230 (3.0% below list)

Questions for the listing agent

1. It's been on market 40 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 1.34% ✓
• Cap rate: 11.52%
• Cash-on-cash: 18.65%
• DSCR: 1.83
• GRM: 6.2

CMA / ARV

• ARV (median comp): $234,436
• List price: $159,000
• Delta: -32.18%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
26 Denham Ave	0.02mi	3/1.0	1,125 (0%)	5mo	$200,000	$178	95
11 Denham Ave	0.06mi	3/1.5	1,233 (+10%)	3mo	$214,000	$174	77
22 Denham Ave	0.03mi	3/2.0	1,175 (+4%)	14mo	$230,000	$196	75
18 Denham Ave	0.03mi	3/1.0	1,275 (+13%)	8mo	$220,000	$173	70
12 Denham Ave	0.04mi	3/1.5	1,175 (+4%)	23mo	$230,000	$196	70
1126 Sterling Ave	0.69mi	3/1.0	1,130 (+0%)	2mo	$160,000	$142	66
10 Woodfield Dr	0.56mi	2/1.5 (-1)	1,150 (+2%)	7mo	$250,000	$217	57
1118 Sterling	0.70mi	3/1.0	1,005 (-11%)	9mo	$130,000	$129	42
715 Peachtree Rd	0.73mi	3/1.5	1,273 (+13%)	9mo	$280,000	$220	34
1116 Sterling Ave	0.71mi	3/1.0	1,005 (-11%)	18mo	$145,000	$144	34
46 Woodfield Dr	0.58mi	3/1.5	1,275 (+13%)	19mo	$276,000	$216	33

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.13% rent growth · sell at horizon

5-year hold

• IRR: 10.5%
• Equity multiple: 1.42×
• Total profit: $18,554
• Equity at exit: $23,707

10-year hold

• IRR: 19.7%
• Equity multiple: 2.66×
• Total profit: $73,906
• Equity at exit: $13,747

Cash invested: $44,520 (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 19703

• Rents YoY: 3.1%
• Active inventory: 35
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $2,123 high
• Mortgage (P&I): −$834
• Tax from tax record: −$85 /mo · $1,025/yr
• Insurance: −$66
• HOA: −$0
• Vacancy / Maint / Mgmt: −$446
• Net cashflow: $692

Break-even live

Break-even rent $1,247

Max offer price $159,000

Occupancy floor 62%

Sensitivity live

Price	-10% $782	-5% $737	+0% $692	+5% $647	+10% $602
Rent	-10% $524	-5% $608	+0% $692	+5% $776	+10% $860
Rate	-1.0pp $772	-0.5pp $733	base $692	+0.5pp $651	+1.0pp $609

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: $39,750
• Closing costs: $4,770
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2003 Flathers Way Unit M79 Claymont, DE	2.0	2.0	1350	$2,350	$1.74	7d	1	0.48mi
700 Darley Green Dr Claymont, DE	1.0–3.0	1.0–2.0	1195	$2,800	$2.34	0d	1	0.56mi
237 Ridge Rd Claymont, DE	2.0	1.0	950	$1,700	$1.79	24d	1	0.58mi
1000 Cedartree Ln Claymont, DE	3.0	1.0–2.0	905	$1,900	$2.10	0d	12	0.63mi
749 Montclair Dr Claymont, DE	1.0–2.0	1.0–1.5	900	$1,747	$1.94	0d	6	0.65mi
915 Cedartree Ln Claymont, DE	1.0–2.0	1.0–1.5	850	$1,900	$2.24	0d	19	0.66mi
163 Wiltshire Rd Claymont, DE	3.0	2.0	1125	$2,050	$1.82	0d	1	0.82mi
3131 Meetinghouse Rd Upper Chichester, PA	1.0–3.0	1.0–2.5	945	$2,644	$2.80	0d	21	0.90mi
2726 Jacqueline Dr Wilmington, DE	1.0–2.0	1.0–2.0	675	$1,675	$2.48	1d	24	1.03mi
2601 Carpenter Station Rd Wilmington, DE	1.0–3.0	1.0–2.5	1405	$2,600	$1.85	0d	17	1.04mi
2616 Philadelphia Pike Claymont, DE	2.0	1.0	888	$1,655	$1.86	0d	5	1.48mi

Listing history 27 events

1. 2026-06-09
   days on market $159,000 Active 40 DOM
2. 2026-06-08
   days on market $159,000 Active 39 DOM
3. 2026-06-07
   days on market $159,000 Active 38 DOM
4. 2026-06-04
   days on market $159,000 Active 35 DOM
5. 2026-06-03
   days on market $159,000 Active 34 DOM
6. 2026-06-02
   days on market $159,000 Active 33 DOM
7. 2026-06-01
   days on market $159,000 Active 32 DOM
8. 2026-05-31
   days on market $159,000 Active 31 DOM
9. 2026-05-04
   status Active 1446-char remark
10. 2026-04-27
    price $175,000 1446-char remark
11. 2026-04-27
    status Active 1446-char remark
12. 2026-04-27
    historical 1446-char remark
13. 2026-04-23
    historical 1446-char remark
14. 2026-04-20
    listed $199,000 Active 1446-char remark
15. 2022-11-07
    soldstatus $136,000
16. 2022-10-15
    soldstatus $170,000 Closed 318-char remark

    Show marketing remark (318 chars)

    Drop your bags and move right in! 36 Denham is the home you have been waiting for! This brick 3 bedroom/1 bath townhome has been fully renovated for a new owner! Conveniently Located to 95 and 495, minutes to both PA and to Wilmington! This property has a full basement and large back deck as well! All for under 200k!

17. 2022-08-08
    status Pending 318-char remark

    Show marketing remark (318 chars)

    Drop your bags and move right in! 36 Denham is the home you have been waiting for! This brick 3 bedroom/1 bath townhome has been fully renovated for a new owner! Conveniently Located to 95 and 495, minutes to both PA and to Wilmington! This property has a full basement and large back deck as well! All for under 200k!

18. 2022-08-01
    listed $168,888 Active 318-char remark

    Show marketing remark (318 chars)

    Drop your bags and move right in! 36 Denham is the home you have been waiting for! This brick 3 bedroom/1 bath townhome has been fully renovated for a new owner! Conveniently Located to 95 and 495, minutes to both PA and to Wilmington! This property has a full basement and large back deck as well! All for under 200k!

19. 2022-07-20
    price $179,900
20. 2022-07-20
    historical
21. 2022-07-16
    price $164,900
22. 2022-07-09
    price $174,900
23. 2022-06-28
    price $179,900
24. 2022-06-25
    price $188,888
25. 2022-06-10
    listed $199,000 Active
26. 1996-03-27
    historical
27. 1995-03-27
    listed $39,900

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

Tax reassessment forecast DE · Partial reset (capped growth)

• Current annual tax: $1,025 · $85/mo
• Projected year-2 tax: $1,025 · $85/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥104°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,481
• − Mortgage interest: −$8,906
• − Property taxes: −$1,025
• − Insurance: −$795
• − Repairs & maintenance: −$2,039
• − Management: −$2,039
• − Depreciation: −$4,625
• Taxable income: $6,053
• Est. tax owed @ 24.0%: −$1,453
• After-tax cash flow: $6,852/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 — Claymont

• Score: 69/100
• State rank: #25
• US rank: #8408

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Claymont, DE
• County: New Castle County · 483,412 people
• City population: 15,460
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 15,460
• Household income: $76,939
• Rent vs Own: 45.3% rent · 54.7% own
• Severe rent burden: 577.0

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: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: White 53% Black 26% Hispanic / Latino 9% Asian 8% Two or more races 6%
• Hispanic origin (detail): Mexican 1% Puerto Rican 4%
• Common ancestry: Romanian 5% Lithuanian 2% Italian 2%
• Foreign-born: 12% · Canada, China
• Languages at home: 84% English-only · Spanish 6% Other Indo-European 5% 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: ▼ -148.17%
• Current HPI: 265.6693
• Rent YoY: ▲ 3.13%
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• State GDP YoY: —
• F500 in state: 0

Price history

+298.5% since first listed

21 events — show timeline

• 2026-06-11 Listing Removed — BRIGHT MLS
• 2026-05-23 Price Changed $159,000 BRIGHT MLS
• 2026-05-04 Relisted — BRIGHT MLS
• 2026-04-27 Price Changed $175,000 BRIGHT MLS
• 2026-04-27 Relisted — BRIGHT MLS
• 2026-04-27 Listing Removed — BRIGHT MLS
• 2026-04-23 Listing Removed — BRIGHT MLS
• 2026-04-20 Listed $199,000 BRIGHT MLS
• 2022-11-07 Sold (Public Records) $136,000 Public Records
• 2022-10-15 Sold (MLS) $170,000 BRIGHT MLS
• 2022-08-08 Pending — BRIGHT MLS
• 2022-08-01 Listed $168,888 BRIGHT MLS
• 2022-07-20 Price Changed $179,900 BRIGHT MLS
• 2022-07-20 Listing Removed — BRIGHT MLS
• 2022-07-16 Price Changed $164,900 BRIGHT MLS
• 2022-07-09 Price Changed $174,900 BRIGHT MLS
• 2022-06-28 Price Changed $179,900 BRIGHT MLS
• 2022-06-25 Price Changed $188,888 BRIGHT MLS
• 2022-06-10 Listed $199,000 BRIGHT MLS
• 1996-03-27 Listing Removed — BRIGHT MLS
• 1995-03-27 Listed $39,900 BRIGHT MLS

Property tax history

+4.8%/yr

Latest (2024): $1,025 · +49.2% YoY. Source: county tax records.