36338 Ridgeshore LnMillvilleDE19967
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 36338 Ridgeshore Ln, Millville, DE, 19967 in Millville. At $414,900 it earns $2,833/mo in rent and distributes $303/mo to the owner after the $1,866/mo payment, a consistent 8.19% yield. DSCR 1.52 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $114,629 in value; $3,821/yr in principal paydown compounds ownership stake. Total projected return: $184,446.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 6.5% |
| Monthly Cash Flow | $303 | $1,200 |
City averages based on Millville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,833 |
| Total Monthly Debt Service | $2,236 |
| DSCR Ratio | 1.27x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2009
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19967, Millville, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,306 (100%) |
| Owner Occupied HU | 1,352 (58.6%) |
| Renter Occupied HU | 121 ( 5.2%) |
| Vacant Housing Units | 833 (36.1%) |
| Median Home Value | $514,296 |
| Average Home Value | $526,635 |
Housing Distribution
Address Breakdown
Residential
1,948
Single Family
1,166
Multi-Family
782
Businesses
85
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Townhouse
Built in 2009
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19967, Millville, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,306 (100%) |
| Owner Occupied HU | 1,352 (58.6%) |
| Renter Occupied HU | 121 ( 5.2%) |
| Vacant Housing Units | 833 (36.1%) |
| Median Home Value | $514,296 |
| Average Home Value | $526,635 |
Housing Distribution
Address Breakdown
Residential
1,948
Single Family
1,166
Multi-Family
782
Businesses
85
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices