310 Walnut St · Bridgeville, DE 19933

$269,900

4 bd · 2.0 ba · 805 sqft · SingleFamily public records · 243 Days on market

Built 1974 9,583 sqft lot $335/sqft · 47% above area Est $275k · at est. ↓ 8% since listing

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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).

• Cash flow +11.5/30.0
• ARV discount +8.3/15.0
• Appreciation +5.6/10.0
• DSCR +3.4/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.2/10.0
• Schools +2.2/10.0

Listing remarks MLS

Charming Traditional Home in Bridgeville Welcome to this classic home located in the heart of Bridgeville—just steps from all the fun of the Apple Scrapple Festival! Enjoy a convenient location with easy access to Route 404 and just a short drive to the Delaware beaches. This inviting home opens to a spacious foyer and features 4 bedrooms, 1.5 baths, a comfortable living room, formal dining room, and a well-appointed kitchen. The back porch offers the perfect opportunity to be screened in for relaxing evenings or entertaining guests. Parking is available on the street, with additional access from the rear alley, allowing potential for private parking behind the home. Recent updates include a brand-new air conditioning system, a heating system approximately 10 years old, and a roof under 10 years old with durable 50-year shingles. The kitchen has been tastefully updated and includes a tankless hot water heater. The first-floor half bath also includes a convenient laundry area. The backyard shed features a newer roof, replaced within the last 5–6 years.

Key facts

• Spacious foyer
• Private parking
• Updated kitchen

Tags

• CONVENIENT LOCATION
• SPACIOUS FOYER
• WELL-APPOINTED KITCHEN
• PRIVATE PARKING
• UPDATED KITCHEN
• TANKLESS HOT WATER HEATER

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $270k.

Deal economics

• At list price, monthly cash flow is $-90 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $254k (5.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $193k (28.3% below list).
• Recommended offer: $193k (28.3% below list) — sets the bar for 1% rule.
• Cap rate 5.9% vs local median 3.7% in Bridgeville — 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 64/100 on livability (#48 in DE) — a middle-class / working-renter tenant base. Strengths: health & safety A, crime B; Watch: schools F, amenities F, commute F.
• Woodbridge School District (rural): math 17% / reading 34% proficiency, ranked #21 of 26 in DE (top 81%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 108 active listings in the ZIP; 4,354 units permitted in Sussex County in 2024 (344 in 5+ unit buildings).

Forward outlook

• In year one you build about $5k of equity ($2k loan paydown + $3k appreciation (1.1% local appreciation)).
• Sussex County population projected at +25% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 7, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 243 days — a 12% lower offer ($238k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 70% 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 $193,440 (28.3% 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. It's been on market 243 days. Have you received any prior offers? Is the seller open to a 28% concession, seller financing, or rate buy-down credit?
3. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. 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?
8. 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.
9. 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.
10. 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: 0.72% ✗
• Cap rate: 5.89%
• Cash-on-cash: -1.42%
• DSCR: 0.94
• GRM: 11.6

CMA / ARV

• ARV (median comp): $274,597
• List price: $269,900
• Delta: -1.71%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

1.14% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 0.3%
• Equity multiple: 1.01×
• Total profit: $1,098
• Equity at exit: $94,134

10-year hold

• IRR: 4.9%
• Equity multiple: 1.61×
• Total profit: $46,122
• Equity at exit: $126,652

Cash invested: $75,572 (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 19933

• Home prices YoY: 0.4%
• Active inventory: 108
• Price-to-rent: 11.6×

Monthly cashflow live

• Estimated rent: $1,934 medium
• Mortgage (P&I): −$1,415
• Tax from tax record: −$90 /mo · $1,078/yr
• Insurance: −$112
• HOA: −$0
• Vacancy / Maint / Mgmt: −$406
• Net cashflow: $-90

Break-even live

Break-even rent $2,048

Max offer price $254,088

Occupancy floor 100%

Sensitivity live

Price	-10% $63	-5% $-13	+0% $-90	+5% $-166	+10% $-242
Rent	-10% $-242	-5% $-166	+0% $-90	+5% $-13	+10% $63
Rate	-1.0pp $46	-0.5pp $-21	base $-90	+0.5pp $-159	+1.0pp $-231

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: $67,475
• Closing costs: $8,097
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-21
   days on market $269,900 Active 243 DOM
2. 2026-06-18
   days on market $269,900 Active 241 DOM
3. 2026-06-17
   days on market $269,900 Active 240 DOM
4. 2026-06-16
   days on market $269,900 Active 239 DOM
5. 2026-06-15
   days on market $269,900 Active 238 DOM
6. 2026-06-13
   days on market $269,900 Active 236 DOM
7. 2026-06-12
   days on market $269,900 Active 235 DOM
8. 2026-06-09
   days on market $269,900 Active 232 DOM
9. 2026-06-08
   days on market $269,900 Active 231 DOM
10. 2026-06-07
    days on market $269,900 Active 230 DOM
11. 2026-06-07
    days on market $269,900 Active 229 DOM
12. 2026-06-04
    pricedays on market $269,900 Active 226 DOM
13. 2026-06-02
    days on market $274,900 Active 225 DOM
14. 2026-06-01
    days on market $274,900 Active 224 DOM
15. 2026-05-31
    days on market $274,900 Active 223 DOM
16. 2026-05-31
    days on market $274,900 Active 222 DOM
17. 2026-03-21
    price $274,900 1079-char remark

    Show marketing remark (1079 chars)

    Charming Traditional Home in Bridgeville Welcome to this classic home located in the heart of Bridgeville—just steps from all the fun of the Apple Scrapple Festival! Enjoy a convenient location with easy access to Route 404 and just a short drive to the Delaware beaches. This inviting home opens to a spacious foyer and features 4 bedrooms, 1.5 baths, a comfortable living room, formal dining room, and a well-appointed kitchen. The back porch offers the perfect opportunity to be screened in for relaxing evenings or entertaining guests. Parking is available on the street, with additional access from the rear alley, allowing potential for private parking behind the home. Recent updates include a brand-new air conditioning system, a heating system approximately 10 years old, and a roof under 10 years old with durable 50-year shingles. The kitchen has been tastefully updated and includes a tankless hot water heater. The first-floor half bath also includes a convenient laundry area. The backyard shed features a newer roof, replaced within the last 5–6 years.

18. 2025-10-20
    listed $299,900 Active 1079-char remark

    Show marketing remark (1079 chars)

    Charming Traditional Home in Bridgeville Welcome to this classic home located in the heart of Bridgeville—just steps from all the fun of the Apple Scrapple Festival! Enjoy a convenient location with easy access to Route 404 and just a short drive to the Delaware beaches. This inviting home opens to a spacious foyer and features 4 bedrooms, 1.5 baths, a comfortable living room, formal dining room, and a well-appointed kitchen. The back porch offers the perfect opportunity to be screened in for relaxing evenings or entertaining guests. Parking is available on the street, with additional access from the rear alley, allowing potential for private parking behind the home. Recent updates include a brand-new air conditioning system, a heating system approximately 10 years old, and a roof under 10 years old with durable 50-year shingles. The kitchen has been tastefully updated and includes a tankless hot water heater. The first-floor half bath also includes a convenient laundry area. The backyard shed features a newer roof, replaced within the last 5–6 years.

ⓘ 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: $1,078 · $90/mo
• Projected year-2 tax: $1,322 · $110/mo
• Expected delta: +$244/yr (+$20/mo · 22.6%)

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

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 70% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,213
• − Mortgage interest: −$15,119
• − Property taxes: −$1,078
• − Insurance: −$1,350
• − Repairs & maintenance: −$1,857
• − Management: −$1,857
• − Depreciation: −$7,852
• Taxable loss: −$5,899
• Est. tax savings @ 24.0%: +$1,416
• After-tax cash flow: $342/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: Woodbridge School District
• NCES district ID: 1001850
• Math proficiency: 17% ▼ -14.00%
• Reading proficiency: 34% ▼ -5.00%
• Median HH income: $48,711
• Composite: 22.28/100
• National rank: #8137
• State rank: #21 of 26 in DE

Livability — Bridgeville

• Score: 64/100
• State rank: #48
• US rank: #13807

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bridgeville, DE
• City population: 11,409
• Population (ZIP): 11,409

Population outlook (Sussex County) Hauer SSP2

• Today (2025): 248,853 people
• By 2030: 264,464 · +6.3%
• By 2040: 290,980 · +16.9%
• By 2050: 311,259 · +25.1%
• By 2075: 352,488 · +41.6%
• By 2100: 367,406 · +47.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: White 52% Hispanic / Latino 22% Black 21% Two or more races 10%
• Hispanic origin (detail): Mexican 9% Puerto Rican 2%
• Common ancestry: Romanian 2% Hispanic 2% Slovak 1%
• Foreign-born: 10% · Canada
• Languages at home: 80% English-only · Spanish 16% French/Haitian/Cajun 3% Other Indo-European 1%

Political lean MEDSL · Sussex

• 2024 margin: R (+11.0) · D 43.9% · R 54.9% · Other 1.2%
• 2008→2024 swing: -2.4pp toward R · 2008: -8.6pp · 2024: -11.0pp
• All cycles: 2024: R+11.0 2020: R+11.2 2016: R+22.0 2012: R+13.0 2008: R+8.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 1.14%
• Current HPI: 283.0199
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

-8.3% since first listed

2 events — show timeline

• 2026-03-21 Price Changed $274,900 BRIGHT MLS
• 2025-10-20 Listed $299,900 BRIGHT MLS

Property tax history

+10.4%/yr

Latest (2025): $1,078 · +39.6% YoY. Source: county tax records.