DELMAR Plan, West Bay Village at Millville by the SeaMillvilleDE19967
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, DELMAR Plan, West Bay Village at Millville by the Sea, Millville, DE, 19967 in Millville deserves attention. This $337,990 property earns $2,850/mo in rent, a 10.12% gross yield, and nets $894/mo after the $1,602/mo payment. DSCR 1.78 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $93,380 compounds alongside $2,833/yr in yearly equity build, for a total cumulative return of $178,792.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 6.5% |
| Monthly Cash Flow | $894 | $1,200 |
City averages based on Millville market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,850 |
| Total Monthly Debt Service | $1,904 |
| DSCR Ratio | 1.50x |
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 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in N/A
N/A 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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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
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Nearby investment properties with comparable prices
