38607 Longs Chapel LnMillvilleDE19967
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 38607 Longs Chapel Ln, Millville, DE, 19967 in Millville fits: $625,000, 5.33% gross yield, and a projected 5% annual appreciation rate adding $172,676 in value within five years. Rental yield 5.33%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.99) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $5,756/yr in principal paydown and $172,676 in appreciation project a total return of $181,858.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.3% | 6.5% |
| Monthly Cash Flow | $(1,119) | $1,200 |
City averages based on Millville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,776 |
| Total Monthly Debt Service | $3,368 |
| DSCR Ratio | 0.82x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Single Family
Built in 2014
7,405 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
Single Family
Built in 2014
7,405 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