16619 Howard Millman 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
Investment property for sale in Milton at 16619 Howard Millman Ln, Milton, DE, 19968 earns $580/mo cash flow from $3,386/mo rent with a $2,374/mo payment. Total monthly income totals $3,386/mo, and annual cash flow totals $6,955/yr on $160,778 capital. ROI tracks 24.23% on current figures, and rental yield reads 8.38% at a $485,000 purchase. Equity gained on principal adds $3,130/yr, and 5% annual appreciation supports $133,997 over five years. Five-year ROI reaches 125.52% and total cumulative return in cash sums $201,806. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,386/mo property income instead of your personal income.
Condo
Built in 2005
3,920 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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