24403 Horned WayGeorgetownDE19947
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 24403 Horned Way, Georgetown, DE, 19947 in Georgetown earns a 8.43% gross yield at $549,880. Rent of $3,862/mo nets $680/mo after the $2,473/mo mortgage. The 1.56 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $151,922 and $5,064/yr in equity accumulation project a total cumulative return of $251,306.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 6.8% |
| Monthly Cash Flow | $680 | $12,000 |
City averages based on Georgetown market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,862 |
| Total Monthly Debt Service | $2,963 |
| 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.
Single Family
Built in 2025
0.55 Acres 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
Single Family
Built in 2025
0.55 Acres 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: Vitto Pasko • Next Step Realty
Mls Name: Bright MLS
Mls ID: #DESU2091002