26835 Walker Rd #56043 · Seaford, DE 19973

$54,900

3 bd · 2.0 ba · 924 sqft · SingleFamily · 206 Days on market

Built 1987 Fair condition 11 ac lot $59/sqft · 68% below area ↓ 16% 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.2/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Take advantage of this amazing opportunity to own a 3-bedroom, 2-bath manufactured home in a tranquil Seaford park. This is an incredibly affordable chance to secure a home and build equity. The property features vinyl plank flooring and offers a solid foundation ready for the next owner to bring their vision for updating and personalization. Located in a peaceful community, this home is perfect for those seeking quiet country living. Don't let this entry-level price point slip away!

Key facts

• Solid foundation
• Vinyl plank flooring
• 10.87 acre lot

Tags

• VINYL PLANK FLOORING
• SOLID FOUNDATION

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $55k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $910 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $55k).
• Recommended offer: $48k (12.0% below list) — sets the bar for market timing.
• Cap rate 26.2% vs local median 4.4% in Seaford — 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 (#54 in DE) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools C-, employment D, crime F.
• Seaford School District (suburban): math 25% / reading 40% proficiency, ranked #15 of 26 in DE (top 58%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 65% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 216 active listings in the ZIP; 4,354 units permitted in Sussex County in 2024 (344 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $380 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Sussex County population projected at +25% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $15k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 206 days — a 12% lower offer ($48k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 67% 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 $48,312 (12.0% below list)

Questions for the listing agent

1. It's been on market 206 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 2.97% ✓
• Cap rate: 26.18%
• Cash-on-cash: 71.02%
• DSCR: 4.16
• GRM: 2.8

CMA / ARV

• ARV (median comp): $171,289
• List price: $54,900
• Delta: -67.95%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 70.6%
• Equity multiple: 4.19×
• Total profit: $49,074
• Equity at exit: $8,186

10-year hold

• IRR: 74.6%
• Equity multiple: 8.64×
• Total profit: $117,447
• Equity at exit: $4,747

Cash invested: $15,372 (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 19973

• Home prices YoY: -17.8%
• Active inventory: 216
• Price-to-rent: 2.8×

Monthly cashflow live

• Estimated rent: $1,632 medium
• Mortgage (P&I): −$288
• Tax est. 1.5%: −$69 /mo · $824/yr
• Insurance: −$23
• HOA: −$0
• Vacancy / Maint / Mgmt: −$343
• Net cashflow: $910

Break-even live

Break-even rent $480

Max offer price $54,900

Occupancy floor 39%

Sensitivity live

Price	-10% $948	-5% $929	+0% $910	+5% $891	+10% $872
Rent	-10% $781	-5% $845	+0% $910	+5% $974	+10% $1,039
Rate	-1.0pp $937	-0.5pp $924	base $910	+0.5pp $896	+1.0pp $881

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: $13,725
• Closing costs: $1,647
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-21
   days on market $54,900 Active 206 DOM
2. 2026-06-18
   days on market $54,900 Active 204 DOM
3. 2026-06-17
   days on market $54,900 Active 203 DOM
4. 2026-06-16
   days on market $54,900 Active 202 DOM
5. 2026-06-15
   days on market $54,900 Active 201 DOM
6. 2026-06-13
   days on market $54,900 Active 199 DOM
7. 2026-06-12
   days on market $54,900 Active 198 DOM
8. 2026-06-09
   days on market $54,900 Active 195 DOM
9. 2026-06-08
   days on market $54,900 Active 194 DOM
10. 2026-06-07
    days on market $54,900 Active 193 DOM
11. 2026-06-04
    days on market $54,900 Active 189 DOM
12. 2026-06-02
    days on market $54,900 Active 188 DOM
13. 2026-06-01
    days on market $54,900 Active 187 DOM
14. 2026-05-31
    days on market $54,900 Active 186 DOM
15. 2026-05-31
    days on market $54,900 Active 185 DOM
16. 2025-12-27
    price $54,900 488-char remark

    Show marketing remark (488 chars)

    Take advantage of this amazing opportunity to own a 3-bedroom, 2-bath manufactured home in a tranquil Seaford park. This is an incredibly affordable chance to secure a home and build equity. The property features vinyl plank flooring and offers a solid foundation ready for the next owner to bring their vision for updating and personalization. Located in a peaceful community, this home is perfect for those seeking quiet country living. Don't let this entry-level price point slip away!

17. 2025-12-12
    price $59,900 488-char remark

    Show marketing remark (488 chars)

    Take advantage of this amazing opportunity to own a 3-bedroom, 2-bath manufactured home in a tranquil Seaford park. This is an incredibly affordable chance to secure a home and build equity. The property features vinyl plank flooring and offers a solid foundation ready for the next owner to bring their vision for updating and personalization. Located in a peaceful community, this home is perfect for those seeking quiet country living. Don't let this entry-level price point slip away!

18. 2025-11-26
    listed $65,000 Active 488-char remark

    Show marketing remark (488 chars)

    Take advantage of this amazing opportunity to own a 3-bedroom, 2-bath manufactured home in a tranquil Seaford park. This is an incredibly affordable chance to secure a home and build equity. The property features vinyl plank flooring and offers a solid foundation ready for the next owner to bring their vision for updating and personalization. Located in a peaceful community, this home is perfect for those seeking quiet country living. Don't let this entry-level price point slip away!

ⓘ 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥105°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 67% 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: $19,583
• − Mortgage interest: −$3,075
• − Property taxes: −$824
• − Insurance: −$274
• − Repairs & maintenance: −$1,567
• − Management: −$1,567
• − Depreciation: −$1,597
• Taxable income: $10,679
• Est. tax owed @ 24.0%: −$2,563
• After-tax cash flow: $8,355/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 · 11 photos

Fair 45/100 Moderate rehab

This 3-bedroom, 2-bath manufactured home requires moderate renovations to improve its condition and increase its value.

Repairs flagged

• Major exterior siding — Severe weathering and peeling
• Major interior paint — Worn and peeling
• Major flooring — Worn and in need of replacement

Value-add opportunities

• Both exterior siding and paint — Enhances curb appeal and value
• Both flooring — Improves living space and value
• Both kitchen and bathroom updates — Modernizes and increases value

Renovation cost estimate screening

Repair item	Severity	Est. cost
exterior siding · Severe weathering and peeling	Major	$15,000–50,000
interior paint · Worn and peeling	Major	$15,000–50,000
flooring · Worn and in need of replacement	Major	$15,000–50,000
Total estimated repair cost · 3 items		$45,000–150,000

Value-add ROI direction

• Both exterior siding and paint — Enhances curb appeal and value ↑
• Both flooring — Improves living space and value ↑
• Both kitchen and bathroom updates — Modernizes and increases value ↑

ⓘ 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: Seaford School District
• NCES district ID: 1001530
• Math proficiency: 25% ▼ -18.00%
• Reading proficiency: 40% ▼ -12.00%
• Median HH income: $48,427
• Composite: 28.07/100
• National rank: #6835
• State rank: #15 of 26 in DE

Livability — Seaford

• Score: 64/100
• State rank: #54
• US rank: #14448

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 25,786

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 0.61)
• Race & ethnicity: White 58% Black 20% Two or more races 13% Hispanic / Latino 11%
• Hispanic origin (detail): Mexican 5% Puerto Rican 1% Dominican 2%
• Common ancestry: Hispanic 4% Romanian 3% Italian 2%
• Foreign-born: 9% · Canada, Vietnam
• Languages at home: 85% English-only · Spanish 8% French/Haitian/Cajun 5% Vietnamese 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: ▼ -62.40%
• Current HPI: 288.5652
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

-15.5% since first listed

3 events — show timeline

• 2025-12-27 Price Changed $54,900 BRIGHT MLS
• 2025-12-12 Price Changed $59,900 BRIGHT MLS
• 2025-11-26 Listed $65,000 BRIGHT MLS