897 Horsepen RdFeltonDE19943
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 897 Horsepen Rd, Felton, DE, 19943 in Felton is capital appreciation. Rental yield 5.13%. The 5.13% gross yield at $329,500 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $91,035 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.95) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $92,359.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.1% | 6.5% |
| Monthly Cash Flow | $(498) | $1,200 |
City averages based on Felton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,409 |
| Total Monthly Debt Service | $1,775 |
| DSCR Ratio | 0.79x |
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 2025
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19943, Felton, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,961 (100%) |
| Owner Occupied HU | 4,838 (81.2%) |
| Renter Occupied HU | 752 (12.6%) |
| Vacant Housing Units | 371 ( 6.2%) |
| Median Home Value | $358,999 |
| Average Home Value | $365,888 |
Housing Distribution
Address Breakdown
Residential
5,479
Single Family
5,479
Multi-Family
0
Businesses
170
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 2025
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19943, Felton, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,961 (100%) |
| Owner Occupied HU | 4,838 (81.2%) |
| Renter Occupied HU | 752 (12.6%) |
| Vacant Housing Units | 371 ( 6.2%) |
| Median Home Value | $358,999 |
| Average Home Value | $365,888 |
Housing Distribution
Address Breakdown
Residential
5,479
Single Family
5,479
Multi-Family
0
Businesses
170
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices