34686 Cringle St #E-123MillsboroDE19966
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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
Rental property for sale in Millsboro at 34686 Cringle St #E-123, Millsboro, DE, 19966 generates $2,815/mo in rent and, after a $1,431/mo payment, leaves $1,123/mo in cash flow. Total monthly income is $2,815/mo, and annual cash flow is $13,480/yr on $96,911 invested. Return on cash invested sits at 33.82% in year one, and rental yield is 11.56% on a $292,340 entry. Equity gained on principal adds $1,886/yr, while 5% annual appreciation builds toward $80,768 over five years. Five-year ROI reaches 176.93% and total cumulative return in cash sums $171,463. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,815/mo property income rather than buyer’s personal income.
Manufactured
Built in 2025
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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