26277 Cove Dr #45940MillsboroDE19966
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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 Millsboro at 26277 Cove Dr #45940, Millsboro, DE, 19966 listed at $228,000 pairs $2,147/mo rent with a $1,116/mo payment to leave $828/mo cash flow. Total monthly income runs $2,147/mo, and annual cash flow reaches $9,932/yr on $75,582 cash to close. Return on cash invested measures 33.05% in year one, and rental yield registers 11.3% at a $228,000 basis. Equity gained on principal adds $1,471/yr, and annual property appreciation at 5% supports $62,992 by year five. Five-year ROI tracks 172.79% and total cumulative return in cash totals $130,599. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,147/mo property income relative to a $1,116/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1997
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 |
Housing Distribution
Address Breakdown
Residential
19,198
Single Family
17,358
Multi-Family
1,840
Businesses
713
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