The Bridgeville - Build On-Your-Lot Plan · Millville, DE 19967

$242,400

3 bd · 2.0 ba · 1,400 sqft · SingleFamily · 164 Days on market

Good condition

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Why this score? — see what drove the F 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).

• ARV discount +7.5/15.0
• Appreciation +4.6/10.0
• Cash flow +4.4/30.0
• Condition / age +4.0/5.0
• Livability +3.2/5.0
• Schools +2.9/10.0
• Rent growth +2.5/5.0
• 1% rule +0.4/10.0
• DSCR +0.0/10.0

Listing remarks MLS

The Bridgeville by Bay to Beach Builders is a thoughtfully crafted ranch-style home offering elegance, efficiency, and true single-level living. With 1,400 heated sq. ft. , 3 bedrooms, and 2 bathrooms, it's an ideal choice for families, retirees, or anyone seeking low-maintenance living in Delaware or Maryland's Eastern Shore communities. A welcoming front porch leads into an open layout where the great room flows into the dining area and kitchen, creating a comfortable space for everyday living or hosting guests. The kitchen includes ample workspace, modern cabinetry, a pantry, and convenient access to a nearby utility room for laundry and storage. The split-bedroom design enhances privacy. The primary suite features a walk-in closet and full bath, while two additional bedrooms and a second bath sit on the opposite side-perfect for guests, children, or a home office. An optional 2-car garage adds storage and convenience, making the Bridgeville suitable for both neighborhood lots and larger rural settings. Popular in Bridgeville, Georgetown, and throughout Sussex and Kent counties, it's known for its practical footprint and charming curb appeal. The single-floor layout makes it a strong option for downsizing or aging in place, while still providing room to expand with outdoor living areas or future structures. Straightforward, stylish, and efficient, the Bridgeville offers the trusted craftsmanship Bay to Beach Builders is known for.

Key facts

• Modern cabinetry
• Single level living
• Ranch style home

Tags

• RANCH STYLE HOME
• SINGLE LEVEL LIVING
• WELCOMING FRONT PORCH
• OPEN LAYOUT
• GREAT ROOM
• MODERN CABINETRY

🏗️ New construction. The $242,400 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $430,069.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $242k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-1k ($-14k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $233k (3.8% below list).
• Recommended offer: $213k (12.0% below list) — sets the bar for market timing.
• Cap rate 3.1% vs local median 2.4% in Millville — 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 (#49 in DE) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A, housing A; Watch: schools F, amenities F, commute F.
• Indian River School District (rural): math 25% / reading 41% proficiency, ranked #14 of 26 in DE (top 54%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 127 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; 4,354 units permitted in Sussex County in 2024 (344 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-0.8%/yr); year-one equity from $3k of loan paydown is wiped out by about $4k 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.

Negotiation context

• It's been on market 164 days — a 12% lower offer ($213k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 2.7% of price; flood insurance adds $56/mo.
• Climate carrying-cost: major flood risk; severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $213,312 (12.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 164 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. 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.
10. 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.
11. 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: 0.54% ✗
• Cap rate: 3.14%
• Cash-on-cash: -11.26%
• DSCR: 0.50
• GRM: 15.4

CMA / ARV

• ARV (median comp): $430,069
• List price: $242,400
• Delta: -43.64%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3 Betsy Ln	0.16mi	3/2.0	1,480 (+6%)	10mo	$480,000	$324	75
36697 W Club House Rd	0.60mi	3/2.0	1,392 (-1%)	2mo	$387,000	$278	69
27 Seabrook Rd	0.34mi	3/2.0	1,250 (-11%)	0mo	$489,000	$391	66
13 S Primrose Ln	0.68mi	3/2.0	1,456 (+4%)	3mo	$394,000	$271	59
31828 Mill Run Dr	0.38mi	3/2.0	1,250 (-11%)	8mo	$410,900	$329	58
6 Sally Ln	0.46mi	3/2.0	1,512 (+8%)	14mo	$440,000	$291	54
36774 Red Cedar Loop #50	0.59mi	2/2.0 (-1)	1,364 (-3%)	12mo	$430,000	$315	53
85 Woodland Ave	0.56mi	3/1.5	1,304 (-7%)	10mo	$280,350	$215	52
22 Windmill Ln	0.67mi	3/2.0	1,494 (+7%)	9mo	$335,000	$224	50
31434 Oak St	0.66mi	3/2.0	1,568 (+12%)	2mo	$330,000	$210	47
31392 Oak St	0.74mi	4/2.0 (+1)	1,440 (+3%)	11mo	$345,000	$240	46
31461 Hope St	0.70mi	3/2.0	1,232 (-12%)	2mo	$350,000	$284	46

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-0.85% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -20.4%
• Equity multiple: 0.13×
• Total profit: $-104,892
• Equity at exit: $106,909

10-year hold

• IRR: -13.9%
• Equity multiple: -0.25×
• Total profit: $-150,209
• Equity at exit: $114,922

Cash invested: $120,419 (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 19967

• Home prices YoY: -0.3%
• Active inventory: 127
• Price-to-rent: 8.7×

Monthly cashflow live

• Estimated rent: $2,332 medium
• Mortgage (P&I): −$2,255
• Tax est. 1.5%: −$538 /mo · $6,451/yr
• Insurance: −$179
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$490
• Net cashflow: $-1,185

Break-even live

Break-even rent $3,832

Max offer price $258,562

Occupancy floor —

Sensitivity live

Price	-10% $-888	-5% $-1,037	+0% $-1,185	+5% $-1,334	+10% $-1,482
Rent	-10% $-1,369	-5% $-1,277	+0% $-1,185	+5% $-1,093	+10% $-1,001
Rate	-1.0pp $-969	-0.5pp $-1,076	base $-1,185	+0.5pp $-1,297	+1.0pp $-1,410

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: $107,517
• Closing costs: $12,902
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
21 Village Green Dr Ocean View, DE	3.0	2.5	2076	$2,445	$1.18	14d	3	0.79mi
37580 Mahogany St Ocean View, DE	4.0	3.5	1600	$2,300	$1.44	45d	1	1.18mi
33697 Ashland Dr Frankford, DE	3.0	2.0	1696	$2,200	$1.30	45d	1	1.50mi

Listing history 17 events

1. 2026-06-21
   days on market $242,400 Active 164 DOM
2. 2026-06-18
   days on market $242,400 Active 161 DOM
3. 2026-06-17
   days on market $242,400 Active 160 DOM
4. 2026-06-16
   days on market $242,400 Active 159 DOM
5. 2026-06-15
   days on market $242,400 Active 158 DOM
6. 2026-06-14
   days on market $242,400 Active 156 DOM
7. 2026-06-13
   days on market $242,400 Active 155 DOM
8. 2026-06-10
   days on market $242,400 Active 153 DOM
9. 2026-06-09
   days on market $242,400 Active 152 DOM
10. 2026-06-08
    days on market $242,400 Active 151 DOM
11. 2026-06-07
    days on market $242,400 Active 150 DOM
12. 2026-06-02
    days on market $242,400 Active 145 DOM
13. 2026-06-01
    days on market $242,400 Active 144 DOM
14. 2026-05-31
    days on market $242,400 Active 143 DOM
15. 2026-05-30
    days on market $242,400 Active 142 DOM
16. 2026-03-20
    price $242,400 1457-char remark

    Show marketing remark (1457 chars)

    The Bridgeville by Bay to Beach Builders is a thoughtfully crafted ranch-style home offering elegance, efficiency, and true single-level living. With 1,400 heated sq. ft. , 3 bedrooms, and 2 bathrooms, it's an ideal choice for families, retirees, or anyone seeking low-maintenance living in Delaware or Maryland's Eastern Shore communities. A welcoming front porch leads into an open layout where the great room flows into the dining area and kitchen, creating a comfortable space for everyday living or hosting guests. The kitchen includes ample workspace, modern cabinetry, a pantry, and convenient access to a nearby utility room for laundry and storage. The split-bedroom design enhances privacy. The primary suite features a walk-in closet and full bath, while two additional bedrooms and a second bath sit on the opposite side-perfect for guests, children, or a home office. An optional 2-car garage adds storage and convenience, making the Bridgeville suitable for both neighborhood lots and larger rural settings. Popular in Bridgeville, Georgetown, and throughout Sussex and Kent counties, it's known for its practical footprint and charming curb appeal. The single-floor layout makes it a strong option for downsizing or aging in place, while still providing room to expand with outdoor living areas or future structures. Straightforward, stylish, and efficient, the Bridgeville offers the trusted craftsmanship Bay to Beach Builders is known for.

17. 2026-01-08
    listed $238,900 Active 1457-char remark

    Show marketing remark (1457 chars)

    The Bridgeville by Bay to Beach Builders is a thoughtfully crafted ranch-style home offering elegance, efficiency, and true single-level living. With 1,400 heated sq. ft. , 3 bedrooms, and 2 bathrooms, it's an ideal choice for families, retirees, or anyone seeking low-maintenance living in Delaware or Maryland's Eastern Shore communities. A welcoming front porch leads into an open layout where the great room flows into the dining area and kitchen, creating a comfortable space for everyday living or hosting guests. The kitchen includes ample workspace, modern cabinetry, a pantry, and convenient access to a nearby utility room for laundry and storage. The split-bedroom design enhances privacy. The primary suite features a walk-in closet and full bath, while two additional bedrooms and a second bath sit on the opposite side-perfect for guests, children, or a home office. An optional 2-car garage adds storage and convenience, making the Bridgeville suitable for both neighborhood lots and larger rural settings. Popular in Bridgeville, Georgetown, and throughout Sussex and Kent counties, it's known for its practical footprint and charming curb appeal. The single-floor layout makes it a strong option for downsizing or aging in place, while still providing room to expand with outdoor living areas or future structures. Straightforward, stylish, and efficient, the Bridgeville offers the trusted craftsmanship Bay to Beach Builders is known for.

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

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone X (unshaded) · 93% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥100°F today · 18 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,986
• − Mortgage interest: −$24,091
• − Property taxes: −$6,451
• − Insurance: −$2,817
• − Repairs & maintenance: −$2,239
• − Management: −$2,239
• − Depreciation: −$12,511
• Taxable loss: −$22,361
• Est. tax savings @ 24.0%: +$5,367
• After-tax cash flow: $-8,856/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.

Condition & rehab AI · 3 photos

Good 80/100 Cosmetic rehab

The Bridgeville by Bay to Beach Builders is a well-maintained, single-level ranch-style home with good curb appeal and interior condition. Minor updates to the exterior, interior, and kitchen/bathrooms can significantly enhance its value and appeal to both buyers and renters.

Value-add opportunities

• Both Painting the exterior siding — Fresh paint can enhance curb appeal and the home's value.
• Both Landscaping improvements — Enhanced landscaping can improve curb appeal and attract potential buyers/renters.
• Both Interior touch-ups — Fresh paint and minor touch-ups can improve the home's appearance and value.
• Rental HVAC maintenance — A clean and efficient HVAC system is crucial for rental properties and can attract tenants.
• Both Kitchen updates — Updating the kitchen with modern appliances and fixtures can increase both resale and rental value.
• Both Bathroom updates — Updating bathrooms with modern fixtures and finishes can significantly increase the home's value and appeal to buyers/renters.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior siding — Fresh paint can enhance curb appeal and the home's value. ↑
• Both Landscaping improvements — Enhanced landscaping can improve curb appeal and attract potential buyers/renters. ↑
• Both Interior touch-ups — Fresh paint and minor touch-ups can improve the home's appearance and value. ↑
• Rental HVAC maintenance — A clean and efficient HVAC system is crucial for rental properties and can attract tenants. ↑
• Both Kitchen updates — Updating the kitchen with modern appliances and fixtures can increase both resale and rental value. ↑
• Both Bathroom updates — Updating bathrooms with modern fixtures and finishes can significantly increase the home's value and appeal to buyers/renters. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Indian River School District
• NCES district ID: 1000680
• Math proficiency: 25% ▼ -27.00%
• Reading proficiency: 41% ▼ -17.00%
• Median HH income: $53,838
• Composite: 28.99/100
• National rank: #6620
• State rank: #14 of 26 in DE

Livability — Millville

• Score: 64/100
• State rank: #49
• US rank: #13839

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Millville, DE
• City population: 2,093
• Population (ZIP): 2,093

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: Predominantly White (93%)
• Race & ethnicity: White 93% Hispanic / Latino 2% Two or more races 2% Black 1%
• Common ancestry: Romanian 6% Lithuanian 5% Italian 4%
• Foreign-born: 4% · Canada
• Languages at home: 96% English-only · Other Asian/Pacific 1% Spanish 1% Other Indo-European 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: ▼ -0.85%
• Current HPI: 263.8607
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+1.5% since first listed

2 events — show timeline

• 2026-03-20 Price Changed $242,400 Zillow
• 2026-01-08 Listed $238,900 Zillow