27059 Flipper 687, Long Neck, DE, 19966 | $265/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Long Neck at 27059 Flipper 687, Long Neck, DE, 19966 offers a 8.14% rental yield on a $265,803 purchase with $1,803/mo rent. Total monthly income registers $1,803/mo, and a $1,301/mo payment leaves $265/mo available for distribution. Annual cash flow reaches $3,180/yr on $88,114 to close, and return on cash invested stands at 23.52% in year one. Equity gained on principal adds $1,715/yr while 5% annual appreciation supports $73,436 over five years. Portfolio math shows five-year ROI at 121.65% and total cumulative return in cash at $107,187. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,803/mo property income against a $1,301/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Manufactured

Built in N/A

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