607 N Phillips StSeafordDE19973
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 607 N Phillips St, Seaford, DE, 19973 in Seaford hard to pass up. The 11.41% gross yield on a $265,000 purchase results in $2,520/mo in rent and $987/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.11). Annual cash flow of $11,840, five-year appreciation of $73,215, and $2,441/yr in equity build-up combine for a projected total cumulative return of $163,495.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.4% | 7.0% |
| Monthly Cash Flow | $987 | $500 |
City averages based on Seaford market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,520 |
| Total Monthly Debt Service | $1,428 |
| DSCR Ratio | 1.76x |
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.
Single Family
Built in 1953
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19973, Seaford, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,058 (100%) |
| Owner Occupied HU | 7,606 (68.8%) |
| Renter Occupied HU | 2,693 (24.4%) |
| Vacant Housing Units | 759 ( 6.9%) |
| Median Home Value | $329,209 |
| Average Home Value | $453,272 |
Housing Distribution
Address Breakdown
Residential
10,793
Single Family
10,487
Multi-Family
306
Businesses
852
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 1953
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19973, Seaford, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,058 (100%) |
| Owner Occupied HU | 7,606 (68.8%) |
| Renter Occupied HU | 2,693 (24.4%) |
| Vacant Housing Units | 759 ( 6.9%) |
| Median Home Value | $329,209 |
| Average Home Value | $453,272 |
Housing Distribution
Address Breakdown
Residential
10,793
Single Family
10,487
Multi-Family
306
Businesses
852
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices