32485 E Penn CtMillsboroDE19966
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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 32485 E Penn Ct, Millsboro, DE, 19966 uses $95,804 cash to close to unlock $2,776/yr annual cash flow and $231/mo monthly cash flow. Total monthly income runs $1,904/mo, and a $1,415/mo payment keeps the spread at $231/mo. Purchase price stands at $289,000, and rental yield measures 7.91% with $1,904/mo rent. Return on cash invested shows 22.81% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 117.89% and total cumulative return in cash records $112,946. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,904/mo property income covering a $1,415/mo payment rather than investor’s personal income.
Manufactured
Built in 1989
0.34 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
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