9644 Chelsea Ln · Seaford, DE 19973

$55,000

3 bd · 1.0 ba · 768 sqft · Manufactured · 107 Days on market

Built 1985 $72/sqft · 39% below area Est $90k · 39% 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.2/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Opportunity Awais in Seaford! These 3 -bedrooms, 1-bath mobile home offers a great opportunity for a new owner looking to add their personal touch. The exterior features newer siding and a recently updated roof, along with a Deck and porch -perfect space to relax or entertain outdoors. Inside you'll find 3 bedrooms and recent new flooring that gives the home a fresh start. With a little sweat and equity and vision, this property could truly shine and be customized to fit your style and tase. Whether you're looking for a place to call home or an investment opportunity; this property is worth a look.

Key facts

• Porch
• New flooring
• Newer siding

Tags

• NEWER SIDING
• RECENTLY UPDATED ROOF
• DECK
• PORCH
• NEW FLOORING

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath manufactured listed at $55k.

Deal economics

• At list price, monthly cash flow is $914 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $55k).
• Recommended offer: $50k (9.0% below list) — sets the bar for market timing.
• Cap rate 26.2% vs local median 4.4% in Seaford — 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 64/100 on livability (#54 in DE) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools C-, employment D, crime F.
• Seaford School District (suburban): math 25% / reading 40% proficiency, ranked #15 of 26 in DE (top 58%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 65% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 215 active listings in the ZIP; 4,354 units permitted in Sussex County in 2024 (344 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $380 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Sussex County population projected at +25% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $15k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 107 days — a 9% lower offer ($50k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 76% 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 $50,050 (9.0% below list)

Questions for the listing agent

1. It's been on market 107 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Crime grade is F 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: 2.87% ✓
• Cap rate: 26.23%
• Cash-on-cash: 71.20%
• DSCR: 4.17
• GRM: 2.9

CMA / ARV

• ARV (median comp): $89,763
• List price: $55,000
• Delta: -38.73%
• Verdict: UNDERPRICED
• Comps: 4 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 70.8%
• Equity multiple: 4.20×
• Total profit: $49,275
• Equity at exit: $8,201

10-year hold

• IRR: 74.8%
• Equity multiple: 8.65×
• Total profit: $117,817
• Equity at exit: $4,755

Cash invested: $15,400 (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 19973

• Home prices YoY: -17.8%
• Active inventory: 215
• Price-to-rent: 2.9×

Monthly cashflow live

• Estimated rent: $1,576 medium
• Mortgage (P&I): −$288
• Tax from tax record: −$20 /mo · $238/yr
• Insurance: −$23
• HOA: −$0
• Vacancy / Maint / Mgmt: −$331
• Net cashflow: $914

Break-even live

Break-even rent $419

Max offer price $55,000

Occupancy floor 37%

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: $13,750
• Closing costs: $1,650
• Reserves months: —
• Total cash needed: —

Listing history 15 events

1. 2026-06-18
   days on market $55,000 Active 107 DOM
2. 2026-06-17
   days on market $55,000 Active 106 DOM
3. 2026-06-16
   days on market $55,000 Active 105 DOM
4. 2026-06-15
   days on market $55,000 Active 104 DOM
5. 2026-06-13
   days on market $55,000 Active 102 DOM
6. 2026-06-12
   days on market $55,000 Active 101 DOM
7. 2026-06-09
   days on market $55,000 Active 98 DOM
8. 2026-06-08
   days on market $55,000 Active 97 DOM
9. 2026-06-07
   days on market $55,000 Active 96 DOM
10. 2026-06-04
    days on market $55,000 Active 92 DOM
11. 2026-06-02
    days on market $55,000 Active 91 DOM
12. 2026-06-01
    days on market $55,000 Active 90 DOM
13. 2026-05-31
    days on market $55,000 Active 89 DOM
14. 2026-05-31
    days on market $55,000 Active 88 DOM
15. 2026-03-03
    listed $55,000 Active 606-char remark

    Show marketing remark (606 chars)

    Opportunity Awais in Seaford! These 3 -bedrooms, 1-bath mobile home offers a great opportunity for a new owner looking to add their personal touch. The exterior features newer siding and a recently updated roof, along with a Deck and porch -perfect space to relax or entertain outdoors. Inside you'll find 3 bedrooms and recent new flooring that gives the home a fresh start. With a little sweat and equity and vision, this property could truly shine and be customized to fit your style and tase. Whether you're looking for a place to call home or an investment opportunity; this property is worth a look.

ⓘ 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: $238 · $20/mo
• Projected year-2 tax: $278 · $23/mo
• Expected delta: +$41/yr (+$3/mo · 17.1%)

ⓘ 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 ≥104°F today · 16 d/yr by 30 yrs out
• 💨 Wind 7/10 Severe 76% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,909
• − Mortgage interest: −$3,081
• − Property taxes: −$238
• − Insurance: −$275
• − Repairs & maintenance: −$1,513
• − Management: −$1,513
• − Depreciation: −$1,600
• Taxable income: $10,690
• Est. tax owed @ 24.0%: −$2,566
• After-tax cash flow: $8,399/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: Seaford School District
• NCES district ID: 1001530
• Math proficiency: 25% ▼ -18.00%
• Reading proficiency: 40% ▼ -12.00%
• Median HH income: $48,427
• Composite: 28.07/100
• National rank: #6835
• State rank: #15 of 26 in DE

Livability — Seaford

• Score: 64/100
• State rank: #54
• US rank: #14448

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 25,786

Population outlook (Sussex County) Hauer SSP2

• Today (2025): 248,853 people
• By 2030: 264,464 · +6.3%
• By 2040: 290,980 · +16.9%
• By 2050: 311,259 · +25.1%
• By 2075: 352,488 · +41.6%
• By 2100: 367,406 · +47.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: White 58% Black 20% Two or more races 13% Hispanic / Latino 11%
• Hispanic origin (detail): Mexican 5% Puerto Rican 1% Dominican 2%
• Common ancestry: Hispanic 4% Romanian 3% Italian 2%
• Foreign-born: 9% · Canada, Vietnam
• Languages at home: 85% English-only · Spanish 8% French/Haitian/Cajun 5% Vietnamese 1%

Political lean MEDSL · Sussex

• 2024 margin: R (+11.0) · D 43.9% · R 54.9% · Other 1.2%
• 2008→2024 swing: -2.4pp toward R · 2008: -8.6pp · 2024: -11.0pp
• All cycles: 2024: R+11.0 2020: R+11.2 2016: R+22.0 2012: R+13.0 2008: R+8.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -62.40%
• Current HPI: 288.5652
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

1 event — show timeline

• 2026-03-03 Listed $55,000 BRIGHT MLS

Property tax history

-0.1%/yr

Latest (2025): $238 · -15.1% YoY. Source: county tax records.