32123 Steele Dr, Millsboro, DE, 19966 | $627/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 Millsboro at 32123 Steele Dr, Millsboro, DE, 19966 listed at $329,900 pairs $2,536/mo rent with a $1,615/mo payment to leave $627/mo cash flow. Total monthly income runs $2,536/mo, and annual cash flow reaches $7,522/yr on $109,362 cash to close. Return on cash invested measures 26.79% in year one, and rental yield registers 9.22% at a $329,900 basis. Equity gained on principal adds $2,129/yr, and annual property appreciation at 5% supports $91,145 by year five. Five-year ROI tracks 139.2% and total cumulative return in cash totals $152,235. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,536/mo property income relative to a $1,615/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Manufactured

Built in 2014

0.25 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