34504 Basin Cir #640Long NeckDE19966
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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 Long Neck at 34504 Basin Cir #640, Long Neck, DE, 19966 listed at $433,540 pairs $2,815/mo rent with a $2,122/mo payment to leave $306/mo cash flow. Total monthly income runs $2,815/mo, and annual cash flow reaches $3,677/yr on $143,719 cash to close. Return on cash invested measures 22.47% in year one, and rental yield registers 7.79% at a $433,540 basis. Equity gained on principal adds $2,798/yr, and annual property appreciation at 5% supports $119,779 by year five. Five-year ROI tracks 116.04% and total cumulative return in cash totals $166,774. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,815/mo property income relative to a $2,122/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2024
N/A 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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Listed by: Diane Sulkovsky • Potnets Homes LLC
Mls Name: Bright MLS
Mls Provider:
Mls ID: #DESU2082576
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