35383 Dannys Dr · Delmar, DE 19956

$335,000

3 bd · 2.0 ba · 1,624 sqft · Manufactured · 29 Days on market

Built 1995 0.71 ac lot

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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).

• Appreciation +10.0/10.0
• Cash flow +8.2/30.0
• ARV discount +7.5/15.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• DSCR +2.2/10.0
• 1% rule +1.3/10.0

Listing remarks MLS

WOW! Great Curb Appeal! This 3BR, 2BA home will continue to impress you on the inside with its split BR arrangement, open family room w/ FP, dining area, kitchen combo, plus a separate living room. Abundance of kitchen cabinet space, separate laundry area which opens into the second bath, 2 sheds, gas FWA heat, .7 acre, landscaped lot , concrete driveway and more. New roof shingles-10/19. New paint & carpet in back bedrooms-10/19. Delmar School District.

Key facts

• 0.71 acre lot
• Built 1995
• Listed 29 days

Property features AI

Finance

• Other: Ownership is fee simple

Exterior

• Parking: Concrete driveway
• Utilities: Well water; Low pressure pipe (LPP) sewer; Electric cooling; Propane (leased) for heating; 60+ gallon hot water tank
• Home design: Manufactured home; Vinyl siding; Asphalt roof; Block foundation; Above- and below-grade structures noted
• Construction: Vinyl siding construction; Block foundation; Asphalt roof; Shed
• Exterior features: Landscaped lot; Shed on the property; Not in a federal flood zone

Interior

• Kitchen: Refrigerator; Gas oven/range; Microwave; Dishwasher
• Bedrooms: Three bedrooms on the main level; Room list includes: Master Bedroom, Bedroom 1, Bedroom 2
• Flooring: Carpet
• Bathrooms: Two full bathrooms (both on the main level)
• Heating & cooling: Forced air heating (propane - leased); Central air conditioning (electric)
• Interior features: Ceiling fans; Carpeting; Combination kitchen and dining area; Family room off the kitchen; Master bathroom; Window treatments; Storm door
• Laundry & utility: Washer and dryer on the main floor; 60+ gallon hot water tank

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $335k.

Deal economics

• At list price, monthly cash flow is $-311 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $280k (16.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $210k (37.3% below list).
• Recommended offer: $210k (37.3% below list) — sets the bar for 1% rule.
• Cap rate 5.2% vs local median 3.1% in Delmar — 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 62/100 on livability (#63 in DE) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D+, crime F, amenities F.
• Delmar School District (suburban): math 20% / reading 38% proficiency, ranked #17 of 26 in DE (top 65%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 92 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 4,354 units permitted in Sussex County in 2024 (344 in 5+ unit buildings).

Forward outlook

• In year one you build about $36k of equity ($2k loan paydown + $34k appreciation (10.0% local appreciation)).
• Sussex County population projected at +25% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$58k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 29 days — a 2% lower offer ($330k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 7y 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 $173k; list at $335k implies a 94% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $210,000 (37.3% 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. 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. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 0.63% ✗
• Cap rate: 5.18%
• Cash-on-cash: -3.97%
• DSCR: 0.82
• GRM: 13.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 21.4%
• Equity multiple: 2.73×
• Total profit: $162,483
• Equity at exit: $301,795

10-year hold

• IRR: 19.3%
• Equity multiple: 6.26×
• Total profit: $493,687
• Equity at exit: $650,831

Cash invested: $93,800 (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 19956

• Home prices YoY: 10.5%
• Active inventory: 92
• Price-to-rent: 13.3×

Monthly cashflow live

• Estimated rent: $2,100 medium
• Mortgage (P&I): −$1,757
• Tax from tax record: −$73 /mo · $880/yr
• Insurance: −$140
• HOA: −$0
• Vacancy / Maint / Mgmt: −$441
• Net cashflow: $-311

Break-even live

Break-even rent $2,493

Max offer price $280,121

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: $83,750
• Closing costs: $10,050
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
34905 Gordy Rd Laurel, DE	3.0	2.0	2100	$2,100	$1.00	21d	1	0.41mi

Listing history 21 events

1. 2026-06-18
   days on market $335,000 Active 29 DOM
2. 2026-06-17
   days on market $335,000 Active 28 DOM
3. 2026-06-16
   days on market $335,000 Active 27 DOM
4. 2026-06-15
   days on market $335,000 Active 26 DOM
5. 2026-06-14
   days on market $335,000 Active 24 DOM
6. 2026-06-13
   days on market $335,000 Active 23 DOM
7. 2026-06-10
   days on market $335,000 Active 21 DOM
8. 2026-06-09
   days on market $335,000 Active 20 DOM
9. 2026-06-08
   days on market $335,000 Active 19 DOM
10. 2026-06-07
    days on market $335,000 Active 18 DOM
11. 2026-06-02
    pricedays on market $335,000 Active 13 DOM
12. 2026-06-01
    days on market $340,000 Active 12 DOM
13. 2026-05-31
    days on market $340,000 Active 11 DOM
14. 2026-05-30
    days on market $340,000 Active 10 DOM
15. 2026-05-21
    listed $340,000 Active
16. 2026-05-19
    historical $340,000
17. 2020-02-03
    soldstatus $173,000
18. 2020-01-30
    soldstatus $173,000 Closed 464-char remark

    Show marketing remark (464 chars)

    WOW! Great Curb Appeal! This 3BR, 2BA home will continue to impress you on the inside with its split BR arrangement, open family room w/ FP, dining area, kitchen combo, plus a separate living room. Abundance of kitchen cabinet space, separate laundry area which opens into the second bath, 2 sheds, gas FWA heat, .7 acre, landscaped lot , concrete driveway and more. New roof shingles-10/19. New paint & carpet in back bedrooms-10/19. Delmar School District.

19. 2019-12-18
    status Pending 464-char remark

    Show marketing remark (464 chars)

    WOW! Great Curb Appeal! This 3BR, 2BA home will continue to impress you on the inside with its split BR arrangement, open family room w/ FP, dining area, kitchen combo, plus a separate living room. Abundance of kitchen cabinet space, separate laundry area which opens into the second bath, 2 sheds, gas FWA heat, .7 acre, landscaped lot , concrete driveway and more. New roof shingles-10/19. New paint & carpet in back bedrooms-10/19. Delmar School District.

20. 2019-10-16
    listed $173,000 Active 464-char remark

    Show marketing remark (464 chars)

    WOW! Great Curb Appeal! This 3BR, 2BA home will continue to impress you on the inside with its split BR arrangement, open family room w/ FP, dining area, kitchen combo, plus a separate living room. Abundance of kitchen cabinet space, separate laundry area which opens into the second bath, 2 sheds, gas FWA heat, .7 acre, landscaped lot , concrete driveway and more. New roof shingles-10/19. New paint & carpet in back bedrooms-10/19. Delmar School District.

21. 1999-06-11
    soldstatus $27,500

ⓘ 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: $880 · $73/mo
• Projected year-2 tax: $1,411 · $118/mo
• Expected delta: +$532/yr (+$44/mo · 60.4%)

ⓘ 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) · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥106°F today · 16 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,200
• − Mortgage interest: −$18,765
• − Property taxes: −$880
• − Insurance: −$1,675
• − Repairs & maintenance: −$2,016
• − Management: −$2,016
• − Depreciation: −$9,745
• Taxable loss: −$9,897
• Est. tax savings @ 24.0%: +$2,375
• After-tax cash flow: $-1,353/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: Delmar School District
• NCES district ID: 1000270
• Math proficiency: 20% ▼ -21.00%
• Reading proficiency: 38% ▼ -13.00%
• Median HH income: $46,620
• Composite: 24.98/100
• National rank: #7561
• State rank: #17 of 26 in DE

Livability — Delmar

• Score: 62/100
• State rank: #63
• US rank: #16926

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 16,274

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: Predominantly White (68%)
• Race & ethnicity: White 68% Black 16% Hispanic / Latino 14% Two or more races 8%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2%
• Common ancestry: Russian 2% Italian 1% Hispanic 1%
• Foreign-born: 9% · Canada
• Languages at home: 86% English-only · Spanish 12% French/Haitian/Cajun 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: ▲ 28.72%
• Current HPI: 301.6055
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+1136.4% since first listed

7 events — show timeline

• 2026-05-21 Listed $340,000 BRIGHT MLS
• 2026-05-19 Coming Soon $340,000 BRIGHT MLS
• 2020-02-03 Sold (Public Records) $173,000 Public Records
• 2020-01-30 Sold (MLS) $173,000 BRIGHT MLS
• 2019-12-18 Pending — BRIGHT MLS
• 2019-10-16 Listed $173,000 BRIGHT MLS
• 1999-06-11 Sold (Public Records) $27,500 Public Records

Property tax history

+3.4%/yr

Latest (2025): $880 · +24.6% YoY. Source: county tax records.