115 Tobin Drive #3MiltonDE19968
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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
Investment Highlights
Investment property for sale in Milton at 115 Tobin Drive #3, Milton, DE, 19968 uses $85,196 cash to close to unlock $2,770/yr annual cash flow and $231/mo monthly cash flow. Total monthly income runs $1,718/mo, and a $1,258/mo payment keeps the spread at $231/mo. Purchase price stands at $257,000, and rental yield measures 8.02% with $1,718/mo rent. Return on cash invested shows 23.16% in year one, and 5% annual appreciation builds toward $71,004 over five years. Five-year ROI reaches 119.74% and total cumulative return in cash records $102,012. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,718/mo property income covering a $1,258/mo payment rather than investor’s personal income.
Townhouse
Built in 1988
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19968, Milton, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,420 (100%) |
| Owner Occupied HU | 5,893 (70.0%) |
| Renter Occupied HU | 1,008 (12.0%) |
| Vacant Housing Units | 1,519 (18.0%) |
| Median Home Value | $471,069 |
| Average Home Value | $518,905 |
Housing Distribution
Address Breakdown
Residential
7,936
Single Family
7,935
Multi-Family
1
Businesses
316
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