32224 Wingate Cir, Millsboro, DE, 19966 | $1,320/mo Cash Flow

For Sale

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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 32224 Wingate Cir, Millsboro, DE, 19966 uses $149,175 cash to close to unlock $15,837/yr annual cash flow and $1,320/mo monthly cash flow. Total monthly income runs $3,924/mo, and a $2,203/mo payment keeps the spread at $1,320/mo. Purchase price stands at $450,000, and rental yield measures 10.46% with $3,924/mo rent. Return on cash invested shows 30.53% in year one, and 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 159.24% and total cumulative return in cash records $237,546. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,924/mo property income covering a $2,203/mo payment rather than investor’s personal income.

Single Family

Built in 2021

4,800 sqft 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