116 S Spinnaker LnMiltonDE19968
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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
Rental property for sale in Milton at 116 S Spinnaker Ln, Milton, DE, 19968 priced at $299,000 pairs $2,146/mo rent with $416/mo cash flow after a $1,463/mo payment. Total monthly income equals $2,146/mo, and annual cash flow comes to $4,997/yr on $99,119 invested. Return on cash invested is 24.95% in year one, and rental yield stands at 8.61% on a $299,000 basis. Equity gained on principal adds $1,929/yr, and 5% annual appreciation accumulates to $82,608 by year five. Five-year ROI measures 129.37% and total cumulative return in cash reaches $128,230. For financing, Ziffy Mortgage’s DSCR program evaluates $2,146/mo property income against a $1,463/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1989
6,970 sqft 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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