2481 N Dupont Pkwy · Odessa, DE 19709

$330,000

2 bd · 1.0 ba · 1,400 sqft · SingleFamily public records · 15 Days on market

Built 1962 0.81 ac lot $236/sqft · 43% below area Est $466k · 29% under

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Why this score? — see what drove the D 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).

• ARV discount +15.0/15.0
• Cash flow +9.8/30.0
• Schools +4.2/10.0
• Livability +3.6/5.0
• DSCR +2.8/10.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• 1% rule +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to easy living, this charming 4-bedroom, 1-bath ranch sits on a spacious 0.81-acre lot in the highly sought-after Appoquinimink School District. Conveniently located with easy access to Routes 1, 13, and 896, and just a few miles from grocery stores and everyday essentials. The home features numerous recent upgrades, including a new roof, updated windows, and laminate flooring in the kitchen and laundry room. Original hardwood floors run throughout the rest of the home, adding warmth and character. The adjacent lot is part of the . 81 acre. Use your imagination and design a yard that work for you. .. .. garden, storage, an oasis, park your work vehicle, etc. While the property is lo

Key facts

• 0.81 acre lot
• 6 parking spots
• Built 1962

Property features AI

Finance

• Other: Fee simple ownership; Not in a federal flood zone; Accessible via 2+ exits

Exterior

• Parking: Driveway parking for 6 vehicles (total 6 garage/parking spaces)
• Utilities: Well water; On-site septic; Electric hot water
• Home design: Detached home; Year built estimated
• Construction: Aluminum siding; Block foundation; Roof condition unknown; Double-pane windows
• Exterior features: Porch(es); Side yard; Above- and below-grade structures

Interior

• Kitchen: Water heater included
• Bedrooms: Four bedrooms on the main level
• Flooring: Hardwood floors; Laminate plank flooring
• Bathrooms: One full bathroom (main level)
• Heating & cooling: 90% efficient forced-air heating (oil-fired); Central air conditioning (electric)
• Interior features: Tub with shower; Built-in shelving/fixtures; Unfinished basement
• Laundry & utility: Main-floor laundry; Electric dryer

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $330k.

Deal economics

• At list price, monthly cash flow is $-212 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $293k (11.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $228k (31.0% below list).
• Recommended offer: $228k (31.0% below list) — sets the bar for 1% rule.
• Cap rate 5.5% vs local median 3.2% in Odessa — 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 72/100 on livability (#19 in DE) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, employment B+; Watch: amenities F, commute F.
• Appoquinimink School District (rural): math 37% / reading 52% proficiency, ranked #6 of 26 in DE (top 23%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 18% free/reduced lunch — higher-income household profile.
• Market conditions: Rents rising (+1.1%/yr); 451 active listings in the ZIP; 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 $2k of loan paydown is wiped out by about $10k 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

• It's been on market 15 days — a 2% lower offer ($325k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 18y 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.
• Current owner paid $16k; list at $330k implies a 1900% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• 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 $227,567 (31.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1962 — 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. 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?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. 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.
7. 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.
8. 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: 0.69% ✗
• Cap rate: 5.52%
• Cash-on-cash: -2.75%
• DSCR: 0.88
• GRM: 12.1

CMA / ARV

• ARV (median comp): $465,766
• List price: $330,000
• Delta: -29.15%
• Verdict: UNDERPRICED
• Comps: 7 within 2.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
117 Avian Way	0.32mi	2/2.0	1,475 (+5%)	18mo	$400,000	$271	57
107 Avian Way	0.48mi	3/2.0 (+1)	1,400 (0%)	14mo	$412,000	$294	57
432 Boxwood Ln	0.63mi	2/2.0	1,200 (-14%)	18mo	$385,000	$321	28
10 Maureen Dr	0.64mi	3/2.0 (+1)	1,600 (+14%)	21mo	$450,000	$281	20

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 · 1.07% rent growth · sell at horizon

5-year hold

• IRR: -22.8%
• Equity multiple: 0.23×
• Total profit: $-71,414
• Equity at exit: $49,204

10-year hold

• IRR: -22.3%
• Equity multiple: -0.05×
• Total profit: $-97,186
• Equity at exit: $28,532

Cash invested: $92,400 (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 19709

• Home prices YoY: -21.4%
• Rents YoY: 1.1%
• Active inventory: 451
• Price-to-rent: 12.1×

Monthly cashflow live

• Estimated rent: $2,276 medium
• Mortgage (P&I): −$1,731
• Tax from tax record: −$141 /mo · $1,695/yr
• Insurance: −$138
• HOA: −$0
• Vacancy / Maint / Mgmt: −$478
• Net cashflow: $-212

Break-even live

Break-even rent $2,543

Max offer price $292,635

Occupancy floor —

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: $82,500
• Closing costs: $9,900
• Reserves months: —
• Total cash needed: —

Listing history 39 events

1. 2026-06-07
   status $330,000 Pending 15 DOM
2. 2026-06-04
   days on market $330,000 Active 15 DOM
3. 2026-06-03
   days on market $330,000 Active 14 DOM
4. 2026-06-02
   days on market $330,000 Active 13 DOM
5. 2026-06-01
   days on market $330,000 Active 12 DOM
6. 2026-05-31
   days on market $330,000 Active 11 DOM
7. 2026-05-08
   historical $330,000 1051-char remark
8. 2026-04-01
   historical
9. 2026-03-28
   price $329,900
10. 2026-03-16
    price $339,900
11. 2026-01-31
    listed $350,000 Active
12. 2026-01-26
    historical
13. 2025-07-29
    historical
14. 2025-06-16
    historical Active Under Contract
15. 2025-05-12
    listed $350,000 Active
16. 2025-05-06
    historical
17. 2025-03-27
    price $380,000
18. 2025-03-04
    price $390,000
19. 2025-01-28
    price $400,000
20. 2025-01-27
    listed $399,000 Active
21. 2024-11-12
    historical
22. 2024-08-10
    listed $399,900 Active
23. 2024-07-04
    historical
24. 2024-06-05
    price $429,900
25. 2024-04-17
    price $450,000
26. 2024-03-08
    listed $499,900 Active
27. 2024-03-06
    historical
28. 2024-02-23
    historical
29. 2023-10-16
    listed $499,900 Active
30. 2023-10-11
    historical
31. 2023-09-07
    price $495,000
32. 2023-09-07
    price $459,000
33. 2023-07-18
    price $549,900
34. 2023-05-17
    price $555,000
35. 2023-04-04
    price $599,900
36. 2023-01-21
    listed $674,900 Active
37. 2008-07-15
    historical
38. 2008-01-21
    listed $325,000
39. 1984-02-01
    soldstatus $16,500

ⓘ 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: $1,695 · $141/mo
• Projected year-2 tax: $1,804 · $150/mo
• Expected delta: +$110/yr (+$9/mo · 6.5%)

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥102°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: $27,308
• − Mortgage interest: −$18,485
• − Property taxes: −$1,695
• − Insurance: −$1,650
• − Repairs & maintenance: −$2,185
• − Management: −$2,185
• − Depreciation: −$9,600
• Taxable loss: −$8,491
• Est. tax savings @ 24.0%: +$2,038
• After-tax cash flow: $-500/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: Appoquinimink School District
• NCES district ID: 1000080
• Math proficiency: 37% ▼ -13.00%
• Reading proficiency: 52% ▼ -13.00%
• Median HH income: $93,397
• Composite: 42.32/100
• National rank: #3256
• State rank: #6 of 26 in DE

Livability — Odessa

• Score: 72/100
• State rank: #19
• US rank: #6505

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: New Castle County · 483,412 people
• City population: 506
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 53,234
• Household income: $132,956
• Rent vs Own: 13.8% rent · 86.2% own
• Severe rent burden: 268.0

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 0.59)
• Race & ethnicity: White 59% Black 23% Asian 7% Two or more races 6% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 1% Puerto Rican 3%
• Common ancestry: Romanian 5% Slovak 1% Iranian 1%
• Foreign-born: 11% · Canada, China
• Languages at home: 87% English-only · Other Indo-European 4% Spanish 3% French/Haitian/Cajun 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: ▼ -86.40%
• Current HPI: 317.1386
• Rent YoY: ▲ 1.07%
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• State GDP YoY: —
• F500 in state: 0

Price history

+1900.0% since first listed

35 events — show timeline

• 2026-06-04 Pending — BRIGHT MLS
• 2026-05-21 Listed $330,000 BRIGHT MLS
• 2026-05-08 Coming Soon $330,000 BRIGHT MLS
• 2026-04-01 Listing Removed — BRIGHT MLS
• 2026-03-28 Price Changed $329,900 BRIGHT MLS
• 2026-03-16 Price Changed $339,900 BRIGHT MLS
• 2026-01-31 Listed $350,000 BRIGHT MLS
• 2026-01-26 Coming Soon — BRIGHT MLS
• 2025-07-29 Listing Removed — BRIGHT MLS
• 2025-06-16 Contingent — BRIGHT MLS
• 2025-05-12 Listed $350,000 BRIGHT MLS
• 2025-05-06 Listing Removed — BRIGHT MLS
• 2025-03-27 Price Changed $380,000 BRIGHT MLS
• 2025-03-04 Price Changed $390,000 BRIGHT MLS
• 2025-01-28 Price Changed $400,000 BRIGHT MLS
• 2025-01-27 Listed $399,000 BRIGHT MLS
• 2024-11-12 Listing Removed — BRIGHT MLS
• 2024-08-10 Listed $399,900 BRIGHT MLS
• 2024-07-04 Listing Removed — BRIGHT MLS
• 2024-06-05 Price Changed $429,900 BRIGHT MLS
• 2024-04-17 Price Changed $450,000 BRIGHT MLS
• 2024-03-08 Listed $499,900 BRIGHT MLS
• 2024-03-06 Coming Soon — BRIGHT MLS
• 2024-02-23 Listing Removed — BRIGHT MLS
• 2023-10-16 Listed $499,900 BRIGHT MLS
• 2023-10-11 Listing Removed — BRIGHT MLS
• 2023-09-07 Price Changed $495,000 BRIGHT MLS
• 2023-09-07 Price Changed $459,000 BRIGHT MLS
• 2023-07-18 Price Changed $549,900 BRIGHT MLS
• 2023-05-17 Price Changed $555,000 BRIGHT MLS
• 2023-04-04 Price Changed $599,900 BRIGHT MLS
• 2023-01-21 Listed $674,900 BRIGHT MLS
• 2008-07-15 Listing Removed — BRIGHT MLS
• 2008-01-21 Listed $325,000 BRIGHT MLS
• 1984-02-01 Sold (Public Records) $16,500 Public Records

Property tax history

+12.3%/yr

Latest (2024): $1,695 · +17.7% YoY. Source: county tax records.