46 Terrace Rd EMillsboroPA15348
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
Investment Highlights
Investment property for sale in Millsboro at 46 Terrace Rd E, Millsboro, PA, 15348 with 5% annual appreciation on a $245,000 basis while $1,646/mo rent supports operations. Total monthly income totals $1,646/mo and a $1,199/mo payment preserves $41/mo for cash returns. Annual cash flow comes to $489/yr on $81,218 deployed, and return on cash invested reaches 20.51% in year one. Equity gained on principal adds $1,581/yr, and five-year appreciation sums $67,689 alongside rental yield of 8.06%. Five-year ROI measures 106.56% and total cumulative return in cash totals $86,544.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,646/mo property income versus a $1,199/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1910
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 15348, Millsboro, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 284 (100%) |
| Owner Occupied HU | 200 (70.4%) |
| Renter Occupied HU | 29 (10.2%) |
| Vacant Housing Units | 55 (19.4%) |
| Median Home Value | $312,963 |
| Average Home Value | $346,900 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
3
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Listed by: Grace Taylor • COLDWELL BANKER REALTY
Mls Name: WPMLS
Mls ID: #1729415