24711 Ridgeville Way, Millsboro, DE, 19966 | $4/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
3 Bath
1365 sft

JEFFERSON Plan, Ingram Village, Ellendale, DE, 19941

The Daisey - TV Plan, The Vines of Sandhill

2 Bed
2 Bath
1215 sft

The Daisey - TV Plan, The Vines of Sandhill, Milton, DE, 19968

2 Bed
2 Bath
912 sft

303 Midland Ave, Lewes, DE, 19958

Investment Property+ 2 more

3 Bed
2 Bath
1800 sft

402 Old Landing Rd, Millsboro, DE, 19966

Nearby investment properties with comparable prices

3 Bed
2 Bath
1700 sft

23157 Huff Rd, Milton, DE, 19968

3 Bed
2 Bath
1784 sft

The Savoy Plan, Napa at Vineyards, Lewes, DE, 19958

3 Bed
2 Bath
1860 sft

38577 Ketch Dr, Selbyville, DE, 19975

5 Bed
3 Bath
2540 sft

22192 Thomas Jefferson Ter, Millsboro, DE, 19966

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Millsboro at 24711 Ridgeville Way, Millsboro, DE, 19966 offers a 6.95% rental yield on a $505,990 purchase with $2,932/mo rent. Total monthly income registers $2,932/mo, and a $2,477/mo payment leaves $4/mo available for distribution. Annual cash flow reaches $46/yr on $166,471 to close, and return on cash invested stands at 20.09% in year one. Equity gained on principal adds $3,265/yr while 5% annual appreciation supports $139,796 over five years. Portfolio math shows five-year ROI at 103.24% and total cumulative return in cash at $171,868. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,932/mo property income against a $2,477/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2026

N/A lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 19966, Millsboro, DE area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	21,604 (100%)
Owner Occupied HU	14,179 (65.6%)
Renter Occupied HU	2,473 (11.4%)
Vacant Housing Units	4,952 (22.9%)
Median Home Value	$388,066
Average Home Value	$422,563