639 Raughley Hl · Harrington, DE 19952

$150,000

3 bd · 2.0 ba · 1,440 sqft · Manufactured public records · 36 Days on market

Built 1974 0.82 ac lot $104/sqft · 47% below area Est $258k · 42% under

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +23.6/30.0
• ARV discount +15.0/15.0
• DSCR +7.6/10.0
• 1% rule +5.7/10.0
• Appreciation +4.0/10.0
• Livability +3.7/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Great Class C mobile home located on a well-maintained and beautiful lot, features 3 bedrooms, 2 bathrooms, and an open floor concept with large living areas, kitchen and dining areas. Other structures include garage, sheds, entryway, and porches. The 3-car garage is ideal for lots of additional storage for extra equipment, toys, and/or cars.

Key facts

• 0.82 acre lot
• 2 garage spots
• Built 1974

Property features AI

Exterior

• Parking: Attached front-entry garage with garage door opener (2 garage spaces); Driveway with about 4 spaces; Total of about 6 parking spaces
• Utilities: Well water; Gravity septic field; Electric hot water
• Home design: Manufactured double-wide home; Fee simple ownership
• Construction: Garage(s) and shed on property
• Exterior features: Lot dimensions approximately 199.97 x 180.20; Not in a federal flood zone; Above-grade and below-grade other structures listed

Interior

• Kitchen: Dishwasher; Stove
• Bedrooms: 3 bedrooms on the main level
• Bathrooms: 2 full bathrooms (both on the main level)
• Heating & cooling: Forced air heating (oil); Central air conditioning (electric)
• Interior features: No basement; Living area reported by assessor
• Laundry & utility: Washer; Dryer; Electric hot water

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $150k.

Deal economics

• At list price, monthly cash flow is $283 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $146k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.6% vs local median 3.7% in Harrington — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 73/100 on livability (#9 in DE) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools C-, crime D+, amenities F.
• Lake Forest School District (rural): math 26% / reading 44% proficiency, ranked #13 of 26 in DE (top 50%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 75 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 1,201 units permitted in Kent County in 2024 (116 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-2.1%/yr); year-one equity from $1k of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Kent County population projected at +22% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 36 days — a 3% lower offer ($146k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $129k; 16% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 66% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $145,500 (3.0% below list)

Questions for the listing agent

1. It's been on market 36 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.07% ✓
• Cap rate: 8.56%
• Cash-on-cash: 8.08%
• DSCR: 1.36
• GRM: 7.8

CMA / ARV

• ARV (median comp): $257,821
• List price: $150,000
• Delta: -41.82%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-2.07% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -0.2%
• Equity multiple: 0.99×
• Total profit: $-385
• Equity at exit: $28,660

10-year hold

• IRR: 7.9%
• Equity multiple: 1.67×
• Total profit: $28,079
• Equity at exit: $24,044

Cash invested: $42,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 70 Landlord-Friendly
• State Delaware: 70 Landlord-Friendly · D+7
• County: — inherits STATE
• City: — inherits STATE

Court of Common Pleas hears L&T; moderate-paced. No state rent control.

Methodology + full state rankings →

ZIP-level market 19952

• Home prices YoY: -0.8%
• Active inventory: 75
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,600 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$132 /mo · $1,584/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$336
• Net cashflow: $283

Break-even live

Break-even rent $1,242

Max offer price $150,000

Occupancy floor 77%

Sensitivity live

Price	-10% $368	-5% $325	+0% $283	+5% $240	+10% $198
Rent	-10% $156	-5% $220	+0% $283	+5% $346	+10% $409
Rate	-1.0pp $358	-0.5pp $321	base $283	+0.5pp $244	+1.0pp $204

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2A E Milby St Harrington, DE	2.0	1.0	1500	$1,600	$1.07	45d	1	1.47mi

Listing history 25 events

1. 2026-06-21
   days on market $150,000 Active 36 DOM
2. 2026-06-19
   days on market $150,000 Active 34 DOM
3. 2026-06-18
   days on market $150,000 Active 33 DOM
4. 2026-06-17
   days on market $150,000 Active 32 DOM
5. 2026-06-16
   days on market $150,000 Active 31 DOM
6. 2026-06-15
   days on market $150,000 Active 30 DOM
7. 2026-06-14
   days on market $150,000 Active 28 DOM
8. 2026-06-13
   days on market $150,000 Active 27 DOM
9. 2026-06-10
   days on market $150,000 Active 25 DOM
10. 2026-06-09
    days on market $150,000 Active 24 DOM
11. 2026-06-08
    days on market $150,000 Active 23 DOM
12. 2026-06-07
    days on market $150,000 Active 22 DOM
13. 2026-06-05
    days on market $150,000 Active 19 DOM
14. 2026-06-03
    days on market $150,000 Active 18 DOM
15. 2026-06-02
    days on market $150,000 Active 17 DOM
16. 2026-06-01
    days on market $150,000 Active 16 DOM
17. 2026-05-31
    days on market $150,000 Active 15 DOM
18. 2026-05-30
    days on market $150,000 Active 14 DOM
19. 2026-05-14
    status Pending 341-char remark
20. 2026-05-01
    listed $150,000 Active 341-char remark
21. 2022-12-16
    soldstatus $129,000 Closed 344-char remark

    Show marketing remark (344 chars)

    Great Class C mobile home located on a well-maintained and beautiful lot, features 3 bedrooms, 2 bathrooms, and an open floor concept with large living areas, kitchen and dining areas. Other structures include garage, sheds, entryway, and porches. The 3-car garage is ideal for lots of additional storage for extra equipment, toys, and/or cars.

22. 2022-11-22
    status Pending 344-char remark

    Show marketing remark (344 chars)

    Great Class C mobile home located on a well-maintained and beautiful lot, features 3 bedrooms, 2 bathrooms, and an open floor concept with large living areas, kitchen and dining areas. Other structures include garage, sheds, entryway, and porches. The 3-car garage is ideal for lots of additional storage for extra equipment, toys, and/or cars.

23. 2022-11-22
    soldstatus $47,000

    Show marketing remark (344 chars)

    Great Class C mobile home located on a well-maintained and beautiful lot, features 3 bedrooms, 2 bathrooms, and an open floor concept with large living areas, kitchen and dining areas. Other structures include garage, sheds, entryway, and porches. The 3-car garage is ideal for lots of additional storage for extra equipment, toys, and/or cars.

24. 2022-11-11
    listed $139,000 Active 344-char remark

    Show marketing remark (344 chars)

    Great Class C mobile home located on a well-maintained and beautiful lot, features 3 bedrooms, 2 bathrooms, and an open floor concept with large living areas, kitchen and dining areas. Other structures include garage, sheds, entryway, and porches. The 3-car garage is ideal for lots of additional storage for extra equipment, toys, and/or cars.

25. 2022-11-10
    historical $139,000 344-char remark

    Show marketing remark (344 chars)

    Great Class C mobile home located on a well-maintained and beautiful lot, features 3 bedrooms, 2 bathrooms, and an open floor concept with large living areas, kitchen and dining areas. Other structures include garage, sheds, entryway, and porches. The 3-car garage is ideal for lots of additional storage for extra equipment, toys, and/or cars.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast DE · Partial reset (capped growth)

• Current annual tax: $1,584 · $132/mo
• Projected year-2 tax: $1,584 · $132/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥102°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 66% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,200
• − Mortgage interest: −$8,402
• − Property taxes: −$1,584
• − Insurance: −$750
• − Repairs & maintenance: −$1,536
• − Management: −$1,536
• − Depreciation: −$4,364
• Taxable income: $1,028
• Est. tax owed @ 24.0%: −$247
• After-tax cash flow: $3,148/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Lake Forest School District
• NCES district ID: 1000790
• Math proficiency: 26% ▼ -23.00%
• Reading proficiency: 44% ▼ -14.00%
• Median HH income: $52,034
• Composite: 30.47/100
• National rank: #6225
• State rank: #13 of 26 in DE

Livability — Harrington

• Score: 73/100
• State rank: #9
• US rank: #5270

Category grades

Amenities F Commute F Cost of living A+ Crime D+ Employment C Housing A+ Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 10,730

Population outlook (Kent County) Hauer SSP2

• Today (2025): 194,477 people
• By 2030: 204,351 · +5.1%
• By 2040: 222,135 · +14.2%
• By 2050: 236,483 · +21.6%
• By 2075: 266,327 · +36.9%
• By 2100: 275,335 · +41.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Black 8% Hispanic / Latino 5% Two or more races 4% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3%
• Common ancestry: Slovak 2% Romanian 1% Portuguese 1%
• Foreign-born: 3% · Canada, Vietnam, South Korea
• Languages at home: 93% English-only · Spanish 4% Vietnamese 1% German/W. Germanic 1%

Political lean MEDSL · Kent

• 2024 margin: Toss-up / Even · D 50.2% · R 48.2% · Other 1.7%
• 2008→2024 swing: -7.8pp toward R · 2008: 9.8pp · 2024: 2.0pp
• All cycles: 2024: D+2.0 2020: D+4.1 2016: R+4.9 2012: D+4.9 2008: D+9.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -2.07%
• Current HPI: 268.56
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+7.9% since first listed

8 events — show timeline

• 2026-05-29 Relisted — BRIGHT MLS
• 2026-05-14 Pending — BRIGHT MLS
• 2026-05-01 Listed $150,000 BRIGHT MLS
• 2022-12-16 Sold (MLS) $129,000 BRIGHT MLS
• 2022-11-22 Pending — BRIGHT MLS
• 2022-11-22 Sold (Public Records) $47,000 Public Records
• 2022-11-11 Listed $139,000 BRIGHT MLS
• 2022-11-10 Coming Soon $139,000 BRIGHT MLS

Property tax history

+9.1%/yr

Latest (2025): $1,584 · +0.8% YoY. Source: county tax records.