37149 Sparkling Sea DrMillvilleDE19967
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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 Millville at 37149 Sparkling Sea Dr, Millville, DE, 19967 offers a 8.81% rental yield on a $387,990 purchase with $2,850/mo rent. Total monthly income registers $2,850/mo, and a $1,899/mo payment leaves $605/mo available for distribution. Annual cash flow reaches $7,260/yr on $128,619 to close, and return on cash invested stands at 25.55% in year one. Equity gained on principal adds $2,504/yr while 5% annual appreciation supports $107,194 over five years. Portfolio math shows five-year ROI at 132.62% and total cumulative return in cash at $170,569. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,850/mo property income against a $1,899/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
22.50 Acres 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
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