29479 Whitstone Ln #1002MillsboroDE19966
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
Investment Highlights
Investment property for sale in Millsboro at 29479 Whitstone Ln #1002, Millsboro, DE, 19966 uses $111,019 cash to close to unlock $5,573/yr annual cash flow and $464/mo monthly cash flow. Total monthly income runs $2,402/mo, and a $1,639/mo payment keeps the spread at $464/mo. Purchase price stands at $334,900, and rental yield measures 8.61% with $2,402/mo rent. Return on cash invested shows 24.93% in year one, and 5% annual appreciation builds toward $92,527 over five years. Five-year ROI reaches 129.24% and total cumulative return in cash records $143,485. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,402/mo property income covering a $1,639/mo payment rather than investor’s personal income.
Townhouse
Built in 2019
26.65 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices