1023 Millington Rd, Clayton, DE, 19938 | 5.92% Rental Yield

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1023 Millington Rd, Clayton, DE, 19938 | 5.92% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Clayton at 1023 Millington Rd, Clayton, DE, 19938 listed at $389,000 pairs $1,920/mo rent with a $1,904/mo payment. Total monthly income runs $1,920/mo. Return on cash invested measures 16.83% in year one, and rental yield registers 5.92% at a $389,000 basis. Equity gained on principal adds $2,510/yr, and annual property appreciation at 5% supports $107,474 by year five. Five-year ROI tracks 85.83% and total cumulative return in cash totals $110,682. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,920/mo property income relative to a $1,904/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Manufactured

Built in 2004

0.80 Acres lot

$N/A/sqft

No HOA

More details about the property

Amazing opportunity to own a home situated on almost an acre with over 2,200 sq ft in Clayton! You are welcomed to the property with low maintenance landscaping, lush lawn and a large driveway. Upon entering the home, a large and open floor plan welcomes you. The living room offers great natural light to relax after a long day. The updated kitchen offers ample counter space, storage and a space to eat meals. An enclosed porch is off the kitchen to enjoy during the warmer months. Three large bedrooms are down the hallway, with the primary suite having an exceptionally large bathroom. Dont miss the in-law suite on your tour! This space has a full kitchen, living area and its own entrance. Additional features of this property the large fenced in yard, detached garage/shop and gazebo. This home is centrally located close to Maryland, Dover and Clayton. Schedule your tour today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 19938, Clayton, DE area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,284 (100%)
Owner Occupied HU	3,795 (88.6%)
Renter Occupied HU	355 ( 8.3%)
Vacant Housing Units	134 ( 3.1%)
Median Home Value	$395,957
Average Home Value	$402,605