1366 Maple Ave · Elsmere, DE 19805

$185,000

3 bd · 1.0 ba · 1,025 sqft · Townhouse public records · 4 Days on market

Built 1958 1,742 sqft lot $180/sqft · 7% below area Est $199k · 7% 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 +16.5/30.0
• ARV discount +10.7/15.0
• DSCR +5.1/10.0
• 1% rule +4.5/10.0
• Rent growth +4.1/5.0
• 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 1366 Maple Avenue in the heart of Elsmere! This 3-bedroom, 1-bath home offers a fantastic opportunity for buyers looking to build equity and make a home their own. Priced accordingly, this property is perfect for investors, first-time buyers, or anyone ready to roll up their sleeves and add their personal touch. The home features a traditional layout with a generously sized living room, eat-in kitchen, and three comfortable bedrooms. While it does need updating, the potential here is undeniable—whether you're envisioning a full renovation or simply refreshing over time. Situated on a convenient street with easy access to shopping, dining, and major routes, this location mak

Key facts

• Eat-in kitchen
• 2 parking spots
• Built 1958

Tags

• EAT-IN KITCHEN
• GENEROUSLY SIZED LIVING ROOM
• EASY ACCESS TO SHOPPING
• EASY ACCESS TO DINING
• EASY ACCESS TO MAJOR ROUTES

Property features AI

Exterior

• Parking: Paved driveway with 2 parking spaces (total 2 garage/parking spaces)
• Utilities: Public water; Public sewer; Municipal trash service
• Home design: Interior townhouse/rowhouse; Fee simple ownership
• Construction: Brick construction; Concrete perimeter foundation
• Exterior features: Patio; Sidewalks; Street lights; Shed

Interior

• Kitchen: Built-in range; Built-in microwave; Refrigerator
• Bedrooms: Three bedrooms on the upper level
• Flooring: Vinyl; Hardwood; Carpet
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating; Window air conditioning units
• Interior features: Tub/shower; Ceiling fans; Combination kitchen/dining; Traditional floor plan; Eat-in kitchen; Wood floors; Drywall walls and ceilings
• Laundry & utility: Washer and dryer on the main floor; Electric hot water

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $185k.

Deal economics

• At list price, monthly cash flow is $108 ($1k/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 $176k (5.1% below list).
• Recommended offer: $176k (5.1% below list) — sets the bar for 1% rule.
• Cap rate 7.0% vs local median 4.7% in Elsmere — 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 76/100 on livability (#5 in DE, #3,599 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment B+; Watch: amenities F, commute F.
• Red Clay Consolidated School District (suburban): math 27% / reading 42% proficiency, ranked #12 of 26 in DE (top 46%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Baltz (Austin D.) Elementary School (math 14% / reading 24%, grade F, #83 of 105 statewide, top 79%, 528 students, 0% FRL); Dupont (Alexis I.) Middle School (math 7% / reading 24%, grade F, #33 of 36 statewide, top 91%, 492 students, 0% FRL); Mckean (Thomas) High School (math 2% / reading 17%, grade F, #38 of 40 statewide, top 100%, 927 students, 0% FRL) — zoned schools average 0% FRL vs 44% district-wide (44 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 15% at this address vs 34% district-wide (-20 pts) — the specific schools serving this property underperform the Red Clay Consolidated School District average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising fast (+6.3%/yr); 168 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 1,367 units permitted in New Castle County in 2024 (201 in 5+ unit buildings).
• This rent runs 35% of the median local income ($60k/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 $1k of loan paydown is wiped out by about $6k 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 4 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; 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 $175,559 (5.1% below list)

Questions for the listing agent

1. Built in 1958 — 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. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 0.95% ✗
• Cap rate: 7.00%
• Cash-on-cash: 2.51%
• DSCR: 1.11
• GRM: 8.8

CMA / ARV

• ARV (median comp): $199,149
• List price: $185,000
• Delta: -7.10%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1366 Maple Ave	0.00mi	3/1.0	1,025 (0%)	0mo	$180,000	$176	100
1315 Maple Ave	0.06mi	3/1.0	1,025 (0%)	9mo	$215,000	$210	90
1336 Cypress Ave	0.11mi	3/1.0	1,040 (+2%)	10mo	$250,000	$240	84
127 Bungalow Ave	0.19mi	3/1.0	1,000 (-2%)	8mo	$185,000	$185	81
1230 Sycamore Ave	0.15mi	3/1.0	1,150 (+12%)	7mo	$224,900	$196	67
1015 Baltimore Ave	0.41mi	2/1.0 (-1)	960 (-6%)	1mo	$210,900	$220	65
1300 Cypress Ave	0.13mi	3/1.0	875 (-15%)	6mo	$215,000	$246	64
1021 Dover Ave	0.37mi	2/1.0 (-1)	950 (-7%)	5mo	$189,000	$199	62
132 Birch Ave	0.47mi	2/1.0 (-1)	960 (-6%)	2mo	$200,000	$208	61
288 Filbert Ave	0.48mi	2/1.0 (-1)	950 (-7%)	1mo	$205,000	$216	60
126 Birch Ave	0.48mi	2/1.0 (-1)	950 (-7%)	1mo	$165,000	$174	60
256 Birch Ave	0.42mi	2/1.0 (-1)	1,160 (+13%)	1mo	$190,000	$164	53

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 · 6.35% rent growth · sell at horizon

5-year hold

• IRR: -8.6%
• Equity multiple: 0.67×
• Total profit: $-16,930
• Equity at exit: $27,584

10-year hold

• IRR: 4.8%
• Equity multiple: 1.41×
• Total profit: $21,145
• Equity at exit: $15,995

Cash invested: $51,800 (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 19805

• Rents YoY: 6.3%
• Active inventory: 168
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $1,756 high
• Mortgage (P&I): −$970
• Tax est. 1.5%: −$231 /mo · $2,775/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$369
• Net cashflow: $108

Break-even live

Break-even rent $1,618

Max offer price $185,000

Occupancy floor 89%

Sensitivity live

Price	-10% $236	-5% $172	+0% $108	+5% $44	+10% $-19
Rent	-10% $-30	-5% $39	+0% $108	+5% $178	+10% $247
Rate	-1.0pp $202	-0.5pp $155	base $108	+0.5pp $60	+1.0pp $12

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: $46,250
• Closing costs: $5,550
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1355 Maple Ave Elsmere, DE	2.0	1.0	900	$1,475	$1.64	45d	1	0.01mi
1333 Sycamore Ave Wilmington, DE	3.0	1.0	1175	$1,650	$1.40	26d	1	0.07mi
1230 Sycamore Ave Wilmington, DE	3.0	1.0	1150	$1,750	$1.52	26d	1	0.17mi
275 Filbert Ave Wilmington, DE	3.0	1.0	1225	$1,495	$1.22	4d	1	0.48mi
5 Ruth Rd Elsmere, DE	1.0–2.0	1.0	650	$1,450	$2.23	14d	1	0.51mi
205 Western Ave Wilmington, DE	4.0	2.5	1225	$2,300	$1.88	45d	1	0.68mi
27 Vilone Rd Wilmington, DE	3.0	1.0	1225	$2,000	$1.63	6d	1	0.73mi
1109 Montgomery Rd Wilmington, DE	4.0	2.0	1275	$1,850	$1.45	20d	1	0.78mi
13 Lowry Dr Wilmington, DE	2.0	1.0	700	$1,647	$2.35	23d	1	0.91mi
131 Scarborough Park Dr Wilmington, DE	1.0–2.0	1.0–1.5	837	$1,700	$2.03	45d	1	0.95mi
2700 Boulevard Rd Wilmington, DE	1.0–2.0	1.0	743	$1,525	$2.05	1d	7	1.01mi
37 E Champlain Ave Wilmington, DE	2.0	1.0	975	$1,612	$1.65	0d	1	1.03mi
405 Hillside Ave Wilmington, DE	4.0	2.0	1400	$2,400	$1.71	23d	1	1.06mi
405 Hillside Ave Unit NA Wilmington, DE	4.0	2.0	1400	$2,400	$1.71	45d	1	1.06mi
201 New Rd Wilmington, DE	2.0	1.0	800	$1,350	$1.69	4d	1	1.16mi
1936 Lakeview Rd Wilmington, DE	3.0	1.0	1350	$1,850	$1.37	16d	1	1.23mi
1122 Coyne Pl Wilmington, DE	3.0	1.0	1350	$1,950	$1.44	45d	1	1.47mi

Listing history 4 events

1. 2026-05-05
   historical Active Under Contract 949-char remark
2. 2026-05-01
   listed $185,000 Active 949-char remark
3. 1989-08-01
   soldstatus $66,900
4. 1985-08-01
   soldstatus $44,900

ⓘ 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 6/10 Major FEMA zone X (shaded) · 73% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥103°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 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,067
• − Mortgage interest: −$10,363
• − Property taxes: −$2,775
• − Insurance: −$925
• − Repairs & maintenance: −$1,685
• − Management: −$1,685
• − Depreciation: −$5,382
• Taxable loss: −$1,748
• Est. tax savings @ 24.0%: +$420
• After-tax cash flow: $1,721/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: Red Clay Consolidated School District
• NCES district ID: 1001300
• Math proficiency: 27% ▼ -11.00%
• Reading proficiency: 42% ▼ -7.00%
• Median HH income: $64,298
• Composite: 31.25/100
• National rank: #6027
• State rank: #12 of 26 in DE

Livability — Elsmere

• Score: 76/100
• State rank: #5
• US rank: #3599

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Elsmere, DE
• County: New Castle County · 483,412 people
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 41,402
• Household income: $60,221
• Rent vs Own: 40.6% rent · 59.4% own
• Severe rent burden: 1730.0

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 0.70)
• Race & ethnicity: White 37% Black 32% Hispanic / Latino 25% Two or more races 10%
• Hispanic origin (detail): Mexican 10% Puerto Rican 10% Dominican 2%
• Common ancestry: Romanian 4% Slovak 1% Italian 1%
• Foreign-born: 9% · Canada
• Languages at home: 79% English-only · Spanish 18% French/Haitian/Cajun 1% Arabic 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: ▼ -291.16%
• Current HPI: 259.1455
• Rent YoY: ▲ 6.35%
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• State GDP YoY: —
• F500 in state: 0

Price history

+300.9% since first listed

6 events — show timeline

• 2026-06-16 Sold (MLS) $180,000 BRIGHT MLS
• 2026-05-28 Pending — BRIGHT MLS
• 2026-05-05 Contingent — BRIGHT MLS
• 2026-05-01 Listed $185,000 BRIGHT MLS
• 1989-08-01 Sold (Public Records) $66,900 Public Records
• 1985-08-01 Sold (Public Records) $44,900 Public Records

Property tax history

+3.6%/yr

Latest (2024): $144 · +14.8% YoY. Source: county tax records.