16619 Howard Millman LnMiltonDE19968
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeNot flashy, but dependably profitable, 16619 Howard Millman Ln, Milton, DE, 19968 in Milton is listed at $485,000 and delivers $3,386/mo in rent and $580/mo in net monthly cash flow. The 8.38% yield and 1.55 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $133,997 over five years, and $4,467/yr in principal reduction supplements cash return. Total projected cumulative return: $220,377.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 5.8% |
| Monthly Cash Flow | $580 | $850 |
City averages based on Milton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,386 |
| Total Monthly Debt Service | $2,613 |
| DSCR Ratio | 1.30x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices