24119 Celtic StGeorgetownDE19947
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 24119 Celtic St, Georgetown, DE, 19947 in Georgetown. Priced at $174,900, it generates $1,711/mo in gross rent and $699/mo in net monthly cash flow, a 11.74% yield that comfortably supports the 2.18 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $8,390. Five-year appreciation: $48,322. Equity from principal paydown: $1,611/yr. Total projected cumulative return: $111,073.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.7% | 6.8% |
| Monthly Cash Flow | $699 | $12,000 |
City averages based on Georgetown market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,711 |
| Total Monthly Debt Service | $942 |
| DSCR Ratio | 1.82x |
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.
Manufactured
Built in 1994
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19947, Georgetown, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,053 (100%) |
| Owner Occupied HU | 5,508 (68.4%) |
| Renter Occupied HU | 1,913 (23.8%) |
| Vacant Housing Units | 632 ( 7.8%) |
| Median Home Value | $417,674 |
| Average Home Value | $441,528 |
Housing Distribution
Address Breakdown
Residential
7,767
Single Family
7,411
Multi-Family
356
Businesses
818
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
Manufactured
Built in 1994
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19947, Georgetown, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,053 (100%) |
| Owner Occupied HU | 5,508 (68.4%) |
| Renter Occupied HU | 1,913 (23.8%) |
| Vacant Housing Units | 632 ( 7.8%) |
| Median Home Value | $417,674 |
| Average Home Value | $441,528 |
Housing Distribution
Address Breakdown
Residential
7,767
Single Family
7,411
Multi-Family
356
Businesses
818
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dustin Oldfather • Compass
Mls Name: Bright MLS
Mls ID: #DESU2089384