11215 5th St · Bridgeville, DE 19933

$152,000

3 bd · 2.0 ba · 1,568 sqft · SingleFamily · 130 Days on market

Built 2024 Excellent condition 0.38 ac lot $97/sqft · 34% below area Est $231k · 34% 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 +24.9/30.0
• ARV discount +15.0/15.0
• DSCR +8.1/10.0
• 1% rule +6.5/10.0
• Appreciation +5.6/10.0
• Condition / age +4.8/5.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Schools +2.4/10.0

Listing remarks MLS

Home is still looking brand new after two years of occupancy. Very well maintained manufactured home located in Walkers Mill MHP. The buyers take great pride in how their home is taken care of and decorated. This three bedroom two bath home is at the end of the street for peace and quiet if you want to sit outside and enjoy the weather or have the family over for a barbeque. This home features a large living room for family gatherings, a large open kitchen area with a huge island and room for barstools. White cabinets with soft close doors, painted drywall and a large dining room with a sliding glass door for entertaining guest. A spacious master suite with two additional bedrooms and a bath on the other side of the house. Nicely landscaped yard and there is a new storage shed included. Schedule your showing today for this affordable home! You will not be disappointed!

Key facts

• Large dining room
• Soft close doors
• White cabinets

Tags

• LARGE LIVING ROOM
• LARGE OPEN KITCHEN
• HUGE ISLAND
• WHITE CABINETS
• SOFT CLOSE DOORS
• LARGE DINING ROOM

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $152k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $326 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $152k).
• Recommended offer: $134k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.9% vs local median 3.5% in Bridgeville — 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 64/100 on livability (#48 in DE) — a middle-class / working-renter tenant base. Strengths: health & safety A, crime B; Watch: amenities F, commute F.
• Woodbridge School District (rural): math 17% / reading 34% proficiency, ranked #21 of 26 in DE (top 81%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Woodbridge Early Childhood Education Center (592 students, 0% FRL); Woodbridge Middle School (math 13% / reading 37%, grade F, #22 of 36 statewide, top 63%, 598 students, 0% FRL); Woodbridge High School (math 12% / reading 27%, grade F, #32 of 40 statewide, top 85%, 723 students, 0% FRL) — zoned schools average 0% FRL vs 59% district-wide (59 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 133 active listings in the ZIP; 4,354 units permitted in Sussex County in 2024 (344 in 5+ unit buildings).
• This rent runs 34% of the median local income ($61k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $3k of equity ($1k loan paydown + $2k appreciation (1.1% local appreciation)).
• Sussex County population projected at +25% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (1.1% appreciation + 3.0% rent growth), your $43k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 130 days — a 12% lower offer ($134k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 16y ago; this cycle's ask has dropped $8k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $124k; 23% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 67% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $133,760 (12.0% below list)

Questions for the listing agent

1. It's been on market 130 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. 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.
6. 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.
7. 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: 1.15% ✓
• Cap rate: 8.87%
• Cash-on-cash: 9.19%
• DSCR: 1.41
• GRM: 7.3

CMA / ARV

• ARV (median comp): $231,253
• List price: $152,000
• Delta: -34.27%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
11241 Fourth #112	0.17mi	3/2.0	1,456 (-7%)	4mo	$122,500	$84	77
11315 7th St #212	0.18mi	3/2.0	1,456 (-7%)	6mo	$122,500	$84	74
11585 Glen Cir	0.39mi	2/2.0 (-1)	1,742 (+11%)	5mo	$259,900	$149	54
11306 Greg Ave	0.94mi	3/2.0	1,512 (-4%)	8mo	$350,000	$231	52
19218 Fox Hunters Ln	1.02mi	3/2.0	1,512 (-4%)	17mo	$384,900	$255	45
18925 Edward Dr	1.05mi	3/2.0	1,512 (-4%)	17mo	$363,600	$240	45
Lot 87 Madelyn Ave	0.95mi	3/2.0	1,512 (-4%)	17mo	$384,800	$254	45
12007 Glen Cir	0.44mi	3/2.0	1,848 (+18%)	12mo	$249,000	$135	45
11542 Karen Ln #56965	0.61mi	3/2.0	1,296 (-17%)	5mo	$153,000	$118	43
18903 Edward Dr	1.01mi	3/2.0	1,440 (-8%)	14mo	$340,000	$236	40
18530 Oak Rd	0.94mi	3/2.0	1,344 (-14%)	13mo	$285,000	$212	30
18895 Edward Dr	0.97mi	3/2.0	1,344 (-14%)	14mo	$324,000	$241	29

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

Projected returns pro-forma

1.14% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 11.3%
• Equity multiple: 1.58×
• Total profit: $24,693
• Equity at exit: $53,013

10-year hold

• IRR: 14.9%
• Equity multiple: 2.84×
• Total profit: $78,203
• Equity at exit: $71,327

Cash invested: $42,560 (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 →

Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 3 active · 2 under contract
• Months of supply: 4.5 mo (22%/mo absorbed)
• Median asking: $279,900 ($179/sqft)
• Median days on market: 8 d
• This list price: 33% of active listings are priced below it
• ARV vs active asking: -17.8% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 19933

• Home prices YoY: 0.4%
• Active inventory: 133
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $1,742 medium
• Mortgage (P&I): −$797
• Tax est. 1.5%: −$190 /mo · $2,280/yr
• Insurance: −$63
• HOA: −$0
• Vacancy / Maint / Mgmt: −$366
• Net cashflow: $326

Break-even live

Break-even rent $1,330

Max offer price $152,000

Occupancy floor 76%

Sensitivity live

Price	-10% $431	-5% $379	+0% $326	+5% $274	+10% $221
Rent	-10% $188	-5% $257	+0% $326	+5% $395	+10% $464
Rate	-1.0pp $403	-0.5pp $365	base $326	+0.5pp $287	+1.0pp $247

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: $38,000
• Closing costs: $4,560
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Listing history 50 events

1. 2026-08-08
   days on market $152,000 Active 130 DOM
2. 2026-08-07
   days on market $152,000 Active 129 DOM
3. 2026-08-06
   days on market $152,000 Active 128 DOM
4. 2026-08-05
   days on market $152,000 Active 127 DOM
5. 2026-08-04
   days on market $152,000 Active 126 DOM
6. 2026-08-03
   days on market $152,000 Active 125 DOM
7. 2026-07-31
   days on market $152,000 Active 122 DOM
8. 2026-07-29
   days on market $152,000 Active 120 DOM
9. 2026-07-27
   days on market $152,000 Active 118 DOM
10. 2026-07-25
    days on market $152,000 Active 116 DOM
11. 2026-07-24
    days on market $152,000 Active 115 DOM
12. 2026-07-23
    days on market $152,000 Active 114 DOM
13. 2026-07-22
    days on market $152,000 Active 113 DOM
14. 2026-07-21
    days on market $152,000 Active 112 DOM
15. 2026-07-19
    price $152,000 Active 109 DOM
16. 2026-07-18
    days on market $155,000 Active 109 DOM
17. 2026-07-17
    days on market $155,000 Active 107 DOM
18. 2026-07-15
    days on market $155,000 Active 106 DOM
19. 2026-07-14
    days on market $155,000 Active 105 DOM
20. 2026-07-13
    days on market $155,000 Active 104 DOM
21. 2026-07-12
    days on market $155,000 Active 103 DOM
22. 2026-07-12
    days on market $155,000 Active 102 DOM
23. 2026-07-10
    days on market $155,000 Active 101 DOM
24. 2026-07-09
    days on market $155,000 Active 100 DOM
25. 2026-07-09
    days on market $155,000 Active 99 DOM
26. 2026-07-08
    days on market $155,000 Active 98 DOM
27. 2026-07-06
    days on market $155,000 Active 97 DOM
28. 2026-07-05
    days on market $155,000 Active 96 DOM
29. 2026-07-04
    days on market $155,000 Active 95 DOM
30. 2026-07-03
    days on market $155,000 Active 94 DOM
31. 2026-07-02
    days on market $155,000 Active 93 DOM
32. 2026-07-01
    days on market $155,000 Active 92 DOM
33. 2026-06-30
    days on market $155,000 Active 91 DOM
34. 2026-06-29
    days on market $155,000 Active 90 DOM
35. 2026-06-28
    days on market $155,000 Active 89 DOM
36. 2026-06-27
    days on market $155,000 Active 88 DOM
37. 2026-06-26
    days on market $155,000 Active 86 DOM
38. 2026-06-22
    days on market $155,000 Active 83 DOM
39. 2026-06-21
    pricedays on market $155,000 Active 82 DOM
40. 2026-06-21
    days on market $158,000 Active 81 DOM
41. 2026-06-18
    days on market $158,000 Active 79 DOM
42. 2026-06-17
    days on market $158,000 Active 78 DOM
43. 2026-06-16
    days on market $158,000 Active 77 DOM
44. 2026-06-15
    days on market $158,000 Active 76 DOM
45. 2026-06-13
    days on market $158,000 Active 74 DOM
46. 2026-06-12
    days on market $158,000 Active 73 DOM
47. 2026-06-09
    days on market $158,000 Active 70 DOM
48. 2026-06-08
    days on market $158,000 Active 69 DOM
49. 2026-06-07
    days on market $158,000 Active 68 DOM
50. 2026-06-07
    days on market $158,000 Active 67 DOM

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥105°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 67% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,909
• − Mortgage interest: −$8,514
• − Property taxes: −$2,280
• − Insurance: −$760
• − Repairs & maintenance: −$1,673
• − Management: −$1,673
• − Depreciation: −$4,422
• Taxable income: $1,588
• Est. tax owed @ 24.0%: −$381
• After-tax cash flow: $3,532/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.

Condition & rehab AI · 9 photos

Excellent 95/100 None rehab

This home is in excellent condition with minimal repairs needed. It is move-in ready and has a good resale and rental value.

Components & finishes AI

Roof asphalt shingle · good Flooring wood

Value-add opportunities

• Both Painting the exterior siding and adding a fresh coat of paint to the interior walls — Fresh paint can enhance the curb appeal and interior aesthetics, making the home more attractive to potential buyers and renters. ↑
• Both Landscaping improvements — Enhancing the landscaping can improve the curb appeal and make the home more inviting for potential buyers and renters. ↑

F Composite school gradezoned avg 24/100

Zoned Schools

Elementary Phillis Wheatley Elementary School F DE #57/105 Nat'l #28,012/41,679 Middle Woodbridge Middle School F DE #22/36 Nat'l #10,338/14,009 High Woodbridge High School F DE #32/40 Nat'l #14,491/17,239

Schools (NCES district)

• District: Woodbridge School District
• NCES district ID: 1001850
• Math proficiency: 17% ▼ -14.00%
• Reading proficiency: 34% ▼ -5.00%
• Median HH income: $48,711
• Composite: 22.28/100
• National rank: #8137
• State rank: #21 of 26 in DE

C Composite livability gradescore 64/100

Livability — Bridgeville

• Score: 64/100
• State rank: #48
• US rank: #13807

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Sussex · 248,853 people
• City population: 11,409
• Population (ZIP): 11,409
• Household income: $61,261
• Rent vs Own: 22.4% rent · 77.6% own
• Severe rent burden: 4% of renters

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Population outlook (Sussex County) Hauer SSP2

• Today (2025): 248,853 people
• By 2030: 264,464 · +6.3%
• By 2040: 290,980 · +16.9%
• By 2050: 311,259 · +25.1%
• By 2075: 352,488 · +41.6%
• By 2100: 367,406 · +47.6%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: White 52% Hispanic / Latino 22% Black 21% Two or more races 10%
• Hispanic origin (detail): Mexican 9% Puerto Rican 2%
• Common ancestry: Romanian 2% Hispanic 2% Slovak 1%
• Foreign-born: 10% · Canada
• Languages at home: 80% English-only · Spanish 16% French/Haitian/Cajun 3% Other Indo-European 1%

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Political lean MEDSL · Sussex

• 2024 margin: R (+11.0) · D 43.9% · R 54.9% · Other 1.2%
• 2008→2024 swing: -2.4pp toward R · 2008: -8.6pp · 2024: -11.0pp
• All cycles: 2024: R+11.0 2020: R+11.2 2016: R+22.0 2012: R+13.0 2008: R+8.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 1.14%
• Current HPI: 283.0199
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+670.7% since first listed

16 events — show timeline

• 2026-05-16 Price Changed $158,000 BRIGHT MLS
• 2026-03-31 Listed $160,000 BRIGHT MLS
• 2024-12-27 Sold (MLS) $123,800 BRIGHT MLS
• 2024-09-09 Pending — BRIGHT MLS
• 2024-08-20 Relisted — BRIGHT MLS
• 2024-08-15 Contingent — BRIGHT MLS
• 2024-08-01 Price Changed $123,800 BRIGHT MLS
• 2024-07-05 Relisted — BRIGHT MLS
• 2024-06-04 Pending — BRIGHT MLS
• 2024-05-23 Price Changed $124,900 BRIGHT MLS
• 2024-04-01 Price Changed $129,900 BRIGHT MLS
• 2024-01-16 Price Changed $134,900 BRIGHT MLS
• 2023-11-22 Listed $135,000 BRIGHT MLS
• 2023-11-03 Coming Soon $135,000 BRIGHT MLS
• 2011-01-10 Listing Removed — BRIGHT MLS
• 2010-07-17 Listed $20,500 BRIGHT MLS