32659 Captains WayMillsboroDE19966
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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 32659 Captains Way, Millsboro, DE, 19966 uses $107,406 cash to close to unlock $8,977/yr annual cash flow and $748/mo monthly cash flow. Total monthly income runs $2,623/mo, and a $1,586/mo payment keeps the spread at $748/mo. Purchase price stands at $324,000, and rental yield measures 9.71% with $2,623/mo rent. Return on cash invested shows 28.27% in year one, and 5% annual appreciation builds toward $89,515 over five years. Five-year ROI reaches 147.18% and total cumulative return in cash records $158,075. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,623/mo property income covering a $1,586/mo payment rather than investor’s personal income.
Manufactured
Built in 1988
0.47 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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