148 Daffodil Dr #148 · Riverview, DE 19962

$137,500

3 bd · 2.0 ba · 1,568 sqft · SingleFamily · 95 Days on market

Built 2026 Good condition $88/sqft · 26% below area Est $185k · 26% under ↓ 5% since listing

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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 +23.4/30.0
• ARV discount +15.0/15.0
• DSCR +7.5/10.0
• 1% rule +6.1/10.0
• Condition / age +4.0/5.0
• Schools +3.3/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Located in the highly desirable and well-established Southwood Acres community, this brand-new Champion home offers modern comfort and quality finishes throughout. Featuring 3 spacious bedrooms and 2 full bathrooms, the home includes numerous upgrades such as drywall throughout, durable vinyl flooring, a complete stainless steel appliance package, enhanced insulation, and attractive architectural shingles. The monthly community lot lease of $627 includes sewer service, all trash removal-including bulk pickup-and snow plowing, providing added convenience and peace of mind. Purchasers will need to be approved for the community lot lease prior to purchase. Stop by and see this gem today!

Key facts

• Enhanced insulation
• Modern comfort
• Numerous upgrades

Tags

• SOUTHWOOD ACRES COMMUNITY
• MODERN COMFORT
• QUALITY FINISHES
• NUMEROUS UPGRADES
• DURABLE VINYL FLOORING
• ENHANCED INSULATION

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $138k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $255 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $138k).
• Recommended offer: $125k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.5% vs local median 3.1% in Riverview — 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 63/100 on livability (#56 in DE) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, cost of living A+; Watch: schools D-, amenities F, commute F.
• Caesar Rodney School District (suburban): math 26% / reading 49% proficiency, ranked #9 of 26 in DE (top 35%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 125 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 1,201 units permitted in Kent County in 2024 (116 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $951 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Kent County population projected at +22% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 95 days — a 9% lower offer ($125k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $7k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $125,125 (9.0% below list)

Questions for the listing agent

1. It's been on market 95 days. Have you received any prior offers? Is the seller open to a 9% 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 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?
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: 1.11% ✓
• Cap rate: 8.51%
• Cash-on-cash: 7.93%
• DSCR: 1.35
• GRM: 7.5

CMA / ARV

• ARV (median comp): $185,397
• List price: $137,500
• Delta: -25.83%
• 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
113 Carnation Dr #60	0.11mi	3/2.0	1,568 (0%)	15mo	$133,000	$85	83
192 Daffodil Dr #36	0.01mi	2/2.0 (-1)	1,720 (+10%)	5mo	$187,500	$109	74
117 Begonia Ln #86	0.11mi	2/2.0 (-1)	1,720 (+10%)	1mo	$186,400	$108	73
3180 Irish Hill Rd	0.06mi	3/2.0	1,344 (-14%)	1mo	$90,000	$67	72
3119 Irish Hill Rd	0.15mi	3/2.0	1,475 (-6%)	15mo	$365,700	$248	71
112 Lavender Ln	0.07mi	2/2.0 (-1)	1,740 (+11%)	6mo	$190,000	$109	69
3365 Irish Hill Rd	0.15mi	3/2.0	1,400 (-11%)	15mo	$339,000	$242	62
743 Lexington Mill Rd	0.25mi	4/2.5 (+1)	1,680 (+7%)	9mo	$449,900	$268	62
786 Woodlytown Rd	0.57mi	3/2.0	1,476 (-6%)	12mo	$425,000	$288	54
138 Robin Way	0.22mi	3/2.0	1,365 (-13%)	17mo	$330,000	$242	54
3514 Irish Hill Rd	0.28mi	3/2.0	1,384 (-12%)	17mo	$302,000	$218	53
200 Lexington Mill Rd	0.67mi	3/2.0	1,680 (+7%)	10mo	$371,160	$221	49

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -4.2%
• Equity multiple: 0.84×
• Total profit: $-6,047
• Equity at exit: $20,502

10-year hold

• IRR: 5.5%
• Equity multiple: 1.41×
• Total profit: $15,701
• Equity at exit: $11,888

Cash invested: $38,500 (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 19962

• Home prices YoY: -29.4%
• Active inventory: 125
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,525 medium
• Mortgage (P&I): −$721
• Tax est. 1.5%: −$172 /mo · $2,062/yr
• Insurance: −$57
• HOA: −$0
• Vacancy / Maint / Mgmt: −$320
• Net cashflow: $255

Break-even live

Break-even rent $1,203

Max offer price $137,500

Occupancy floor 78%

Sensitivity live

Price	-10% $350	-5% $302	+0% $255	+5% $207	+10% $159
Rent	-10% $134	-5% $194	+0% $255	+5% $315	+10% $375
Rate	-1.0pp $324	-0.5pp $289	base $255	+0.5pp $219	+1.0pp $183

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: $34,375
• Closing costs: $4,125
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
161 Carnation Dr Unit 76 Magnolia, DE	2.0	2.0	1056	$1,525	$1.44	44d	1	0.13mi

Listing history 9 events

1. 2026-05-18
   status Pending 693-char remark

   Show marketing remark (693 chars)

   Located in the highly desirable and well-established Southwood Acres community, this brand-new Champion home offers modern comfort and quality finishes throughout. Featuring 3 spacious bedrooms and 2 full bathrooms, the home includes numerous upgrades such as drywall throughout, durable vinyl flooring, a complete stainless steel appliance package, enhanced insulation, and attractive architectural shingles. The monthly community lot lease of $627 includes sewer service, all trash removal-including bulk pickup-and snow plowing, providing added convenience and peace of mind. Purchasers will need to be approved for the community lot lease prior to purchase. Stop by and see this gem today!

2. 2026-04-23
   status Active 693-char remark

   Show marketing remark (693 chars)

   Located in the highly desirable and well-established Southwood Acres community, this brand-new Champion home offers modern comfort and quality finishes throughout. Featuring 3 spacious bedrooms and 2 full bathrooms, the home includes numerous upgrades such as drywall throughout, durable vinyl flooring, a complete stainless steel appliance package, enhanced insulation, and attractive architectural shingles. The monthly community lot lease of $627 includes sewer service, all trash removal-including bulk pickup-and snow plowing, providing added convenience and peace of mind. Purchasers will need to be approved for the community lot lease prior to purchase. Stop by and see this gem today!

3. 2026-04-16
   status Pending 693-char remark

   Show marketing remark (693 chars)

   Located in the highly desirable and well-established Southwood Acres community, this brand-new Champion home offers modern comfort and quality finishes throughout. Featuring 3 spacious bedrooms and 2 full bathrooms, the home includes numerous upgrades such as drywall throughout, durable vinyl flooring, a complete stainless steel appliance package, enhanced insulation, and attractive architectural shingles. The monthly community lot lease of $627 includes sewer service, all trash removal-including bulk pickup-and snow plowing, providing added convenience and peace of mind. Purchasers will need to be approved for the community lot lease prior to purchase. Stop by and see this gem today!

4. 2026-03-20
   status Pending 693-char remark

   Show marketing remark (693 chars)

   Located in the highly desirable and well-established Southwood Acres community, this brand-new Champion home offers modern comfort and quality finishes throughout. Featuring 3 spacious bedrooms and 2 full bathrooms, the home includes numerous upgrades such as drywall throughout, durable vinyl flooring, a complete stainless steel appliance package, enhanced insulation, and attractive architectural shingles. The monthly community lot lease of $627 includes sewer service, all trash removal-including bulk pickup-and snow plowing, providing added convenience and peace of mind. Purchasers will need to be approved for the community lot lease prior to purchase. Stop by and see this gem today!

5. 2026-03-19
   historical 693-char remark

   Show marketing remark (693 chars)

   Located in the highly desirable and well-established Southwood Acres community, this brand-new Champion home offers modern comfort and quality finishes throughout. Featuring 3 spacious bedrooms and 2 full bathrooms, the home includes numerous upgrades such as drywall throughout, durable vinyl flooring, a complete stainless steel appliance package, enhanced insulation, and attractive architectural shingles. The monthly community lot lease of $627 includes sewer service, all trash removal-including bulk pickup-and snow plowing, providing added convenience and peace of mind. Purchasers will need to be approved for the community lot lease prior to purchase. Stop by and see this gem today!

6. 2026-03-05
   price $137,500 693-char remark

   Show marketing remark (693 chars)

   Located in the highly desirable and well-established Southwood Acres community, this brand-new Champion home offers modern comfort and quality finishes throughout. Featuring 3 spacious bedrooms and 2 full bathrooms, the home includes numerous upgrades such as drywall throughout, durable vinyl flooring, a complete stainless steel appliance package, enhanced insulation, and attractive architectural shingles. The monthly community lot lease of $627 includes sewer service, all trash removal-including bulk pickup-and snow plowing, providing added convenience and peace of mind. Purchasers will need to be approved for the community lot lease prior to purchase. Stop by and see this gem today!

7. 2026-01-15
   status Active 693-char remark

   Show marketing remark (693 chars)

   Located in the highly desirable and well-established Southwood Acres community, this brand-new Champion home offers modern comfort and quality finishes throughout. Featuring 3 spacious bedrooms and 2 full bathrooms, the home includes numerous upgrades such as drywall throughout, durable vinyl flooring, a complete stainless steel appliance package, enhanced insulation, and attractive architectural shingles. The monthly community lot lease of $627 includes sewer service, all trash removal-including bulk pickup-and snow plowing, providing added convenience and peace of mind. Purchasers will need to be approved for the community lot lease prior to purchase. Stop by and see this gem today!

8. 2026-01-12
   status Pending 693-char remark

   Show marketing remark (693 chars)

   Located in the highly desirable and well-established Southwood Acres community, this brand-new Champion home offers modern comfort and quality finishes throughout. Featuring 3 spacious bedrooms and 2 full bathrooms, the home includes numerous upgrades such as drywall throughout, durable vinyl flooring, a complete stainless steel appliance package, enhanced insulation, and attractive architectural shingles. The monthly community lot lease of $627 includes sewer service, all trash removal-including bulk pickup-and snow plowing, providing added convenience and peace of mind. Purchasers will need to be approved for the community lot lease prior to purchase. Stop by and see this gem today!

9. 2026-01-05
   listed $144,900 Active 693-char remark

   Show marketing remark (693 chars)

   Located in the highly desirable and well-established Southwood Acres community, this brand-new Champion home offers modern comfort and quality finishes throughout. Featuring 3 spacious bedrooms and 2 full bathrooms, the home includes numerous upgrades such as drywall throughout, durable vinyl flooring, a complete stainless steel appliance package, enhanced insulation, and attractive architectural shingles. The monthly community lot lease of $627 includes sewer service, all trash removal-including bulk pickup-and snow plowing, providing added convenience and peace of mind. Purchasers will need to be approved for the community lot lease prior to purchase. Stop by and see this gem today!

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

Taxation est. · year 1

• Rental income: $18,300
• − Mortgage interest: −$7,702
• − Property taxes: −$2,062
• − Insurance: −$688
• − Repairs & maintenance: −$1,464
• − Management: −$1,464
• − Depreciation: −$4,000
• Taxable income: $920
• Est. tax owed @ 24.0%: −$221
• After-tax cash flow: $2,833/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 · 1 photo

Good 80/100 Cosmetic rehab

This single-family home in Riverview, DE, is in excellent condition with modern finishes and upgrades. It offers a good investment opportunity with potential for minor cosmetic improvements to enhance its resale and rental value.

Value-add opportunities

• Both Painting exterior and interior — Enhances curb appeal and interior aesthetics
• Both Landscaping and curb appeal improvements — Improves curb appeal and enhances property value
• Both New flooring in bathrooms and kitchen — Modernizes spaces and improves functionality
• Both New window treatments — Enhances curb appeal and interior aesthetics
• Both New lighting fixtures — Improves functionality and enhances curb appeal

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior and interior — Enhances curb appeal and interior aesthetics ↑
• Both Landscaping and curb appeal improvements — Improves curb appeal and enhances property value ↑
• Both New flooring in bathrooms and kitchen — Modernizes spaces and improves functionality ↑
• Both New window treatments — Enhances curb appeal and interior aesthetics ↑
• Both New lighting fixtures — Improves functionality and enhances curb appeal ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Caesar Rodney School District
• NCES district ID: 1000180
• Math proficiency: 26% ▼ -21.00%
• Reading proficiency: 49% ▼ -14.00%
• Median HH income: $61,187
• Composite: 33.4/100
• National rank: #5475
• State rank: #9 of 26 in DE

Livability — Riverview

• Score: 63/100
• State rank: #56
• US rank: #15147

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 12,618

Population outlook (Kent County) Hauer SSP2

• Today (2025): 194,477 people
• By 2030: 204,351 · +5.1%
• By 2040: 222,135 · +14.2%
• By 2050: 236,483 · +21.6%
• By 2075: 266,327 · +36.9%
• By 2100: 275,335 · +41.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: White 58% Black 23% Two or more races 10% Hispanic / Latino 6% Asian 4% Native American 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 3%
• Common ancestry: Swiss 4% Italian 3% Iranian 2%
• Foreign-born: 8% · Canada
• Languages at home: 91% English-only · Spanish 4% Other Indo-European 2% Tagalog/Filipino 2%

Political lean MEDSL · Kent

• 2024 margin: Toss-up / Even · D 50.2% · R 48.2% · Other 1.7%
• 2008→2024 swing: -7.8pp toward R · 2008: 9.8pp · 2024: 2.0pp
• All cycles: 2024: D+2.0 2020: D+4.1 2016: R+4.9 2012: D+4.9 2008: D+9.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -77.63%
• Current HPI: 186.7318
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

-5.1% since first listed

9 events — show timeline

• 2026-05-18 Pending — BRIGHT MLS
• 2026-04-23 Relisted — BRIGHT MLS
• 2026-04-16 Pending — BRIGHT MLS
• 2026-03-20 Pending — BRIGHT MLS
• 2026-03-19 Listing Removed — BRIGHT MLS
• 2026-03-05 Price Changed $137,500 BRIGHT MLS
• 2026-01-15 Relisted — BRIGHT MLS
• 2026-01-12 Pending — BRIGHT MLS
• 2026-01-05 Listed $144,900 BRIGHT MLS