1138 Sterling Ave · Claymont, DE 19061

$99,900

3 bd · 1.0 ba · 910 sqft · Other public records · 4 Days on market

Built 1919

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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
• Livability +3.5/5.0
• Rent growth +3.0/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

3 bed 1 bath needs minor updating great for flip or rental near heater stove hot water heater this is strictly as is property cash or hard money lender buyer must use seller title co all inspections certs paid by buyer all inquires by text 9 am to 5 pm

Key facts

• Built 1919
• Listed 4 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath other listed at $100k.

Deal economics

• At list price, monthly cash flow is $855 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $100k).
• Cap rate 16.6% 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: schools C-, amenities F, commute F.
• Chichester SD (suburban): math 19% / reading 41% proficiency, ranked #438 of 539 in PA (top 81%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+1.8%/yr); 15 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 299 units permitted in Delaware County in 2024 (5 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 1.8% rent growth), your $28k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 11y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1919 — 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 $99,900

Questions for the listing agent

1. Built in 1919 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.87% ✓
• Cap rate: 16.56%
• Cash-on-cash: 36.67%
• DSCR: 2.63
• GRM: 4.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.83% rent growth · sell at horizon

5-year hold

• IRR: 31.2%
• Equity multiple: 2.29×
• Total profit: $36,058
• Equity at exit: $14,895

10-year hold

• IRR: 37.7%
• Equity multiple: 4.31×
• Total profit: $92,714
• Equity at exit: $8,638

Cash invested: $27,972 (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 19061

• Rents YoY: 1.8%
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $1,872 high
• Mortgage (P&I): −$524
• Tax from tax record: −$59 /mo · $705/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$393
• Net cashflow: $855

Break-even live

Break-even rent $790

Max offer price $99,900

Occupancy floor 49%

Sensitivity live

Price	-10% $911	-5% $883	+0% $855	+5% $826	+10% $798
Rent	-10% $707	-5% $781	+0% $855	+5% $929	+10% $1,003
Rate	-1.0pp $905	-0.5pp $880	base $855	+0.5pp $829	+1.0pp $802

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
237 Ridge Rd Claymont, DE	2.0	1.0	950	$1,700	$1.79	22d	1	0.14mi
3131 Meetinghouse Rd Upper Chichester, PA	1.0–3.0	1.0–2.5	945	$2,644	$2.80	2d	21	0.95mi
749 Montclair Dr Claymont, DE	1.0–2.0	1.0–1.5	900	$1,747	$1.94	2d	6	1.02mi
2820 Chichester Ave Boothwyn, PA	2.0	1.0	850	$1,347	$1.58	22d	1	1.14mi
915 Cedartree Ln Claymont, DE	1.0–2.0	1.0–1.5	850	$1,900	$2.24	2d	19	1.15mi
1000 Cedartree Ln Claymont, DE	1.0–2.0	1.0–2.0	815	$1,750	$2.15	2d	8	1.18mi
700 Darley Green Dr Claymont, DE	1.0–3.0	1.0–2.0	1195	$2,800	$2.34	2d	1	1.19mi
8 W 8th St Marcus Hook, PA	3.0	1.0	1120	$1,600	$1.43	19d	1	1.30mi
2726 Jacqueline Dr Wilmington, DE	1.0–2.0	1.0–2.0	675	$1,675	$2.48	2d	27	1.31mi
117 Ervin Ave Marcus Hook, PA	3.0	1.5	720	$1,595	$2.22	21d	1	1.34mi
119 E Laughead Ave Marcus Hook, PA	3.0	1.5	1080	$1,530	$1.42	4d	1	1.36mi
2601 Carpenter Station Rd Wilmington, DE	1.0–3.0	1.0–2.5	1405	$2,600	$1.85	2d	15	1.37mi
151 Chadwick Ave Marcus Hook, PA	3.0	1.5	1080	$1,600	$1.48	11d	1	1.39mi
3360 Chichester Ave Boothwyn, PA	1.0–2.0	1.0–2.0	725	$1,700	$2.34	2d	27	1.39mi
163 Wiltshire Rd Claymont, DE	3.0	2.0	1125	$2,050	$1.82	2d	1	1.40mi

Listing history 5 events

1. 2026-06-18
   days on market $99,900 Active 4 DOM
2. 2026-06-17
   days on market $99,900 Active 3 DOM
3. 2026-06-16
   days on market $99,900 Active 2 DOM
4. 2026-06-15
   remarks 252-char remark
5. 2026-06-15
   listed $99,900 Active 1 DOM

ⓘ 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: $705 · $59/mo
• Projected year-2 tax: $705 · $59/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 4/10 Moderate 4 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,466
• − Mortgage interest: −$5,596
• − Property taxes: −$705
• − Insurance: −$500
• − Repairs & maintenance: −$1,797
• − Management: −$1,797
• − Depreciation: −$2,906
• Taxable income: $9,164
• Est. tax owed @ 24.0%: −$2,199
• After-tax cash flow: $8,057/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: Chichester SD
• NCES district ID: 4205910
• Math proficiency: 19% ▼ -12.00%
• Reading proficiency: 41% ▼ -17.00%
• Median HH income: $57,612
• Composite: 26.84/100
• National rank: #7110
• State rank: #438 of 539 in PA

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

• County: Delaware County
• City population: 15,460
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 19,896
• Household income: $82,005
• Rent vs Own: 36.5% rent · 63.5% own
• Severe rent burden: 612.0

Population outlook (Delaware County) Hauer SSP2

• Today (2025): 577,490 people
• By 2030: 581,243 · +0.6%
• By 2040: 584,700 · +1.2%
• By 2050: 586,581 · +1.6%
• By 2075: 598,706 · +3.7%
• By 2100: 590,823 · +2.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Black 11% Hispanic / Latino 5% Two or more races 5% Asian 4%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2%
• Common ancestry: Romanian 5% Subsaharan African 3% Polish 2%
• Foreign-born: 8% · Canada, China, South Korea
• Languages at home: 90% English-only · Spanish 3% Chinese 3% Other Indo-European 1%

Political lean MEDSL · Delaware

• 2024 margin: Strong D (+23.7) · D 61.4% · R 37.6% · Other 1.0%
• 2008→2024 swing: +2.3pp toward D · 2008: 21.4pp · 2024: 23.7pp
• All cycles: 2024: D+23.7 2020: D+26.7 2016: D+22.0 2012: D+21.8 2008: D+21.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -187.71%
• Current HPI: 265.507
• Rent YoY: ▲ 1.83%
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• State GDP YoY: —
• F500 in state: 0

Price history

+122.5% since first listed

4 events — show timeline

• 2026-06-15 Listed $99,900 FSBO.com
• 2020-11-10 Sold (Public Records) $146,400 Public Records
• 2016-03-05 Listing Removed — BRIGHT MLS
• 2015-12-15 Listed $44,900 BRIGHT MLS

Property tax history

-6.2%/yr

Latest (2026): $705 · -67.7% YoY. Source: county tax records.