0 Tranquility Ln · Millville, DE 19970

$87,000

2 bd · 1.0 ba · 1,000 sqft · Land · 3 Days on market

Built 1981 Fair condition 10,019 sqft lot $87/sqft · 69% below area

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.2/5.0
• Schools +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.0/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Buildable lot, existing mobile needs to be removed, septic needs to be replaced, newer well installed 2006, sold as-is where-is

Key facts

• 0.23 acre lot
• Parking
• Built 1981

Property features AI

Finance

• Financial info: Lease not considered

Exterior

• Parking: Attached carport (1 space)
• Utilities: Hot water provided by a 60+ gallon tank; Private well water; Gravity septic field; No municipal trash service
• Home design: Manufactured single-wide home; Fee simple ownership; Estimated year built
• Construction: Mixed construction materials
• Exterior features: Not in a federal flood zone; No tidal water on the lot; Other above-grade structures

Interior

• Bedrooms: 2 bedrooms on the main level
• Bathrooms: 1 full bathroom on the main level
• Interior features: Estimated living area; No basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath land listed at $87k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $937 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $87k).
• Cap rate 19.2% 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: 231 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 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 $601 of loan paydown is wiped out by about $3k 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 $24k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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.

Risks & watch-outs

• Climate carrying-cost: 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 $87,000

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 2.24% ✓
• Cap rate: 19.21%
• Cash-on-cash: 46.14%
• DSCR: 3.05
• GRM: 3.7

CMA / ARV

• ARV (median comp): $279,074
• List price: $87,000
• Delta: -68.83%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 43.4%
• Equity multiple: 2.87×
• Total profit: $45,589
• Equity at exit: $12,972

10-year hold

• IRR: 49.4%
• Equity multiple: 5.79×
• Total profit: $116,636
• Equity at exit: $7,522

Cash invested: $24,360 (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 19970

• Home prices YoY: -18.6%
• Active inventory: 231
• Price-to-rent: 3.7×

Monthly cashflow live

• Estimated rent: $1,947 medium
• Mortgage (P&I): −$456
• Tax est. 1.5%: −$109 /mo · $1,305/yr
• Insurance: −$36
• HOA: −$0
• Vacancy / Maint / Mgmt: −$409
• Net cashflow: $937

Break-even live

Break-even rent $761

Max offer price $87,000

Occupancy floor 47%

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: $21,750
• Closing costs: $2,610
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
38307 Thistle Ln #36 Frankford, DE	3.0	2.5	1000	$1,800	$1.80	44d	1	1.23mi
35205 Tupelo Cir Frankford, DE	1.0–3.0	1.0–2.0	1046	$2,110	$2.02	13d	21	1.31mi

Listing history 6 events

1. 2026-05-10
   status Pending 127-char remark

   Show marketing remark (127 chars)

   Buildable lot, existing mobile needs to be removed, septic needs to be replaced, newer well installed 2006, sold as-is where-is

2. 2026-05-10
   status Pending 150-char remark

   Show marketing remark (127 chars)

   Buildable lot, existing mobile needs to be removed, septic needs to be replaced, newer well installed 2006, sold as-is where-is

3. 2026-05-08
   listed $87,000 Active 127-char remark

   Show marketing remark (127 chars)

   Buildable lot, existing mobile needs to be removed, septic needs to be replaced, newer well installed 2006, sold as-is where-is

4. 2026-05-08
   listed $87,000 Active 150-char remark

   Show marketing remark (127 chars)

   Buildable lot, existing mobile needs to be removed, septic needs to be replaced, newer well installed 2006, sold as-is where-is

5. 2026-05-07
   historical $87,000 150-char remark

   Show marketing remark (127 chars)

   Buildable lot, existing mobile needs to be removed, septic needs to be replaced, newer well installed 2006, sold as-is where-is

6. 2026-05-07
   historical $87,000 127-char remark

   Show marketing remark (127 chars)

   Buildable lot, existing mobile needs to be removed, septic needs to be replaced, newer well installed 2006, sold as-is where-is

ⓘ 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥101°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 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,361
• − Mortgage interest: −$4,873
• − Property taxes: −$1,305
• − Insurance: −$435
• − Repairs & maintenance: −$1,869
• − Management: −$1,869
• − Depreciation: −$2,531
• Taxable income: $10,479
• Est. tax owed @ 24.0%: −$2,515
• After-tax cash flow: $8,725/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 · 2 photos

Fair 40/100 Moderate rehab

This property requires moderate renovations, including siding repair and landscaping, to improve its curb appeal and overall value.

Repairs flagged

• Major siding — Significant wear and tear
• Minor vegetation — Overgrown bushes need trimming

Value-add opportunities

• Both landscaping — Improved curb appeal and increased property value
• Both siding repair — Enhances property appearance and value
• Both septic replacement — Ensures property is in compliance and reduces maintenance costs

Renovation cost estimate screening

Repair item	Severity	Est. cost
siding · Significant wear and tear	Major	$15,000–50,000
vegetation · Overgrown bushes need trimming	Minor	$500–3,000
Total estimated repair cost · 2 items		$15,500–53,000

Value-add ROI direction

• Both landscaping — Improved curb appeal and increased property value ↑
• Both siding repair — Enhances property appearance and value ↑
• Both septic replacement — Ensures property is in compliance and reduces maintenance costs ↑

ⓘ 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

• City population: 2,093
• Population (ZIP): 8,265

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% Two or more races 3% Hispanic / Latino 3% Asian 1% Black 1%
• Common ancestry: Romanian 6% Serbian 3% Lithuanian 2%
• Foreign-born: 5% · Canada, China
• Languages at home: 94% English-only · Spanish 3% Russian/Polish/Slavic 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: ▼ -65.41%
• Current HPI: 286.3503
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+0.0% since first listed

6 events — show timeline

• 2026-05-10 Pending — BRIGHT MLS
• 2026-05-10 Pending — BRIGHT MLS
• 2026-05-08 Listed $87,000 BRIGHT MLS
• 2026-05-08 Listed $87,000 BRIGHT MLS
• 2026-05-07 Coming Soon $87,000 BRIGHT MLS
• 2026-05-07 Coming Soon $87,000 BRIGHT MLS