1117 Talley Rd · Bellefonte, DE 19809

$249,000

4 bd · 2.5 ba · 1,925 sqft · SingleFamily public records · 8 Days on market

Built 1930 8,276 sqft lot Est $449k · 44% under

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Why this score? — see what drove the C 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 +19.7/30.0
• ARV discount +15.0/15.0
• DSCR +6.2/10.0
• 1% rule +4.2/10.0
• Rent growth +4.0/5.0
• Livability +3.8/5.0
• Schools +3.1/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 1117 Talley Rd — a charming and well-lived home in North Wilmington’s Bellefonte community. This capecod home features a functional layout with bright living areas, high ceilings with exposed beams, and plenty of space for a family. In need of some TLC but great bones. Enjoy the ease of a private driveway and a yard perfect for outdoor living. Located just minutes from shopping, dining, and major roadways, this home makes everyday living convenient while still offering a quiet, established neighborhood feel. —schedule your tour today!

Key facts

• Private driveway
• Quiet neighborhood
• Outdoor living

Tags

• PRIVATE DRIVEWAY
• OUTDOOR LIVING
• QUIET NEIGHBORHOOD

Property features AI

Exterior

• Parking: Driveway parking for three vehicles; Three total garage/parking spaces
• Utilities: Public water; Public sewer; Electric service
• Home design: Detached property; Ownership: Fee simple
• Construction: Mixed construction materials; Permanent foundation; Above-grade and below-grade structures
• Exterior features: Lot dimensions approximately 80 x 105

Interior

• Bedrooms: Two bedrooms on the main level; Two bedrooms on the upper level
• Bathrooms: Two full bathrooms (one on main level, one on upper level)
• Heating & cooling: Forced air heating (natural gas); Central air conditioning (electric); Natural gas hot water
• Interior features: Full, unfinished basement; Living area per assessor

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $249k.

Deal economics

• At list price, monthly cash flow is $290 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $230k (7.7% below list).
• Recommended offer: $230k (7.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 75/100 on livability (#6 in DE, #4,252 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, employment A; Watch: amenities F, commute F, health & safety D-.
• 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 (+6.2%/yr); 48 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 1,367 units permitted in New Castle County in 2024 (201 in 5+ unit buildings).
• This rent runs 34% of the median local income ($81k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $101k; list at $249k implies a 146% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1930 — 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 $229,809 (7.7% below list)

Questions for the listing agent

1. Built in 1930 — 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: 0.92% ✗
• Cap rate: 7.69%
• Cash-on-cash: 5.00%
• DSCR: 1.22
• GRM: 9.0

CMA / ARV

• ARV (on-the-fly): $448,525
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1117 Talley Rd	0.00mi	4/2.0	1,925 (0%)	0mo	$255,000	$132	98
910 Marion Ave	0.29mi	4/2.0	2,000 (+4%)	1mo	$360,000	$180	77
402 Grove Ave	0.20mi	4/2.5	1,750 (-9%)	1mo	$440,000	$251	75
902 Grandview Ave	0.20mi	3/2.5 (-1)	2,075 (+8%)	1mo	$440,000	$212	72
512 Lennox Rd	0.47mi	3/2.5 (-1)	1,975 (+3%)	1mo	$460,000	$233	68
32 Riverside Dr	0.40mi	4/2.5	1,750 (-9%)	3mo	$475,000	$271	64
404 N Lynn Dr	0.64mi	4/2.5	2,002 (+4%)	3mo	$455,000	$227	61
206 School House Ln	0.12mi	3/2.0 (-1)	1,675 (-13%)	7mo	$397,703	$237	60
705 Phillips Ave	0.23mi	5/3.0 (+1)	2,175 (+13%)	5mo	$514,000	$236	57
518 Lennox Rd	0.47mi	4/3.0	2,175 (+13%)	2mo	$460,000	$211	53
526 Brighton Rd	0.58mi	3/1.5 (-1)	2,075 (+8%)	3mo	$410,000	$198	48
607 Brighton Rd	0.61mi	3/1.5 (-1)	2,030 (+6%)	6mo	$480,000	$236	48

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 · 6.18% rent growth · sell at horizon

5-year hold

• IRR: -5.4%
• Equity multiple: 0.79×
• Total profit: $-14,355
• Equity at exit: $37,127

10-year hold

• IRR: 7.4%
• Equity multiple: 1.63×
• Total profit: $44,201
• Equity at exit: $21,529

Cash invested: $69,720 (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 19809

• Rents YoY: 6.2%
• Active inventory: 48
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $2,298 medium
• Mortgage (P&I): −$1,306
• Tax from tax record: −$116 /mo · $1,387/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$483
• Net cashflow: $290

Break-even live

Break-even rent $1,931

Max offer price $249,000

Occupancy floor 82%

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: $62,250
• Closing costs: $7,470
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
240 Philadelphia Pike Wilmington, DE	3.0	2.0	1400	$2,100	$1.50	2d	1	0.64mi

Listing history 3 events

1. 2026-05-15
   status Pending
2. 2026-05-07
   listed $249,000 Active
3. 2004-04-29
   soldstatus $101,101

ⓘ 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: $1,387 · $116/mo
• Projected year-2 tax: $1,416 · $118/mo
• Expected delta: +$28/yr (+$2/mo · 2.0%)

ⓘ 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: $27,577
• − Mortgage interest: −$13,948
• − Property taxes: −$1,387
• − Insurance: −$1,245
• − Repairs & maintenance: −$2,206
• − Management: −$2,206
• − Depreciation: −$7,244
• Taxable loss: −$659
• Est. tax savings @ 24.0%: +$158
• After-tax cash flow: $3,642/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 — Bellefonte

• Score: 75/100
• State rank: #6
• US rank: #4252

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bellefonte, DE
• County: New Castle County · 483,412 people
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 14,311
• Household income: $81,288
• Rent vs Own: 25.9% rent · 74.1% own
• Severe rent burden: 468.0

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: Majority White (64%)
• Race & ethnicity: White 64% Black 24% Two or more races 6% Asian 4% Hispanic / Latino 4%
• Common ancestry: Romanian 6% Lithuanian 2% Slovak 1%
• Foreign-born: 6% · Canada, China
• Languages at home: 93% English-only · Spanish 2% Tagalog/Filipino 1% Other Asian/Pacific 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: ▼ -153.39%
• Current HPI: 232.6107
• Rent YoY: ▲ 6.18%
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• State GDP YoY: —
• F500 in state: 0

Price history

+146.3% since first listed

3 events — show timeline

• 2026-05-15 Pending — BRIGHT MLS
• 2026-05-07 Listed $249,000 BRIGHT MLS
• 2004-04-29 Sold (Public Records) $101,101 Public Records

Property tax history

+3.3%/yr

Latest (2024): $1,387 · +14.6% YoY. Source: county tax records.