11404 Abbys Way #55916 · Bridgeville, DE 19933

$105,000

3 bd · 2.0 ba · 952 sqft · SingleFamily · 40 Days on market

Built 2018 Good condition 0.50 ac lot $110/sqft · 43% below area Est $186k · 43% under ↓ 29% since listing

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Why this score? — see what drove the A- 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
• Appreciation +5.6/10.0
• Condition / age +3.8/5.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Schools +2.2/10.0

Listing remarks

Very well kept and improved mobile home in quiet community of Knots Landing. Minutes to shopping, restaurants and parks including Rehoboth and Lewes beaches. Multiple decks have been added for outdoor enjoyment on this 1/2 acre lot backing to trees. This home has a nice Cul-de-sac location with large driveway that will fit 6+ cars! The burgundy metal roof enhances the look of this home and will give you years of worry free living. The cozy but open floor plan with 9ft ceilings is well lit with lots of windows and recessed lighting. Luxury Plank Vinyl flooring covers the entire home for trouble free maintenance and cleaning. The spacious kitchen includes all appliances, plenty of cabinet s

Key facts

• 0.5 acre lot
• 7 parking spots
• Built 2018

Property features AI

Finance

• Other: Lease is not being considered
• Financial info: Annual ground rent noted
• HOA & community: Ground rent exists; Monthly land lease of $335; Approximately 1 year of land lease remaining; Land lease / ownership interest: Land lease

Exterior

• Parking: Driveway parking (7 spaces total)
• Utilities: Public water; On-site septic; Electric hot water; Cable TV available; Cable internet available
• Home design: Manufactured home; Single wide (14' x 76'); Redmond make; Very good condition; Entry at main level; Not in a federal flood zone
• Construction: Mixed construction materials; Metal roof; Shed on property
• Exterior features: Deck(s) and porch(es); Awnings; Extensive hardscape; Exterior lighting; Outbuilding(s) / shed; Property backs to trees; Cleared lot; Located on a cul-de-sac; Front and rear yard; Level lot

Interior

• Kitchen: Electric oven/range; Microwave; Dishwasher; Refrigerator
• Bedrooms: 3 bedrooms on the main level
• Flooring: Luxury vinyl plank
• Bathrooms: 2 full bathrooms on the main level
• Heating & cooling: Central heating (electric); Central air conditioning; Ceiling fans
• Interior features: Open floor plan; Recessed lighting; Ceiling fans; 9'+ ceilings; Paneled walls
• Laundry & utility: Washer and dryer (electric); Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $105k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $720 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $105k).
• Recommended offer: $102k (3.0% below list) — sets the bar for market timing.
• Cap rate 14.5% vs local median 3.7% in Bridgeville — 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 (#48 in DE) — a middle-class / working-renter tenant base. Strengths: health & safety A, crime B; Watch: schools F, amenities F, commute F.
• Woodbridge School District (rural): math 17% / reading 34% proficiency, ranked #21 of 26 in DE (top 81%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 108 active listings in the ZIP; 4,354 units permitted in Sussex County in 2024 (344 in 5+ unit buildings).

Forward outlook

• In year one you build about $2k of equity ($726 loan paydown + $1k appreciation (1.1% local appreciation)).
• Sussex County population projected at +25% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (1.1% appreciation + 3.0% rent growth), your $29k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 40 days — a 3% lower offer ($102k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $15k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 75% 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 $101,850 (3.0% below list)

Questions for the listing agent

1. It's been on market 40 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
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: 1.74% ✓
• Cap rate: 14.52%
• Cash-on-cash: 29.38%
• DSCR: 2.31
• GRM: 4.8

CMA / ARV

• ARV (median comp): $185,661
• List price: $105,000
• Delta: -43.45%
• Verdict: UNDERPRICED
• Comps: 14 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
11427 Silent Hill Dr	0.36mi	2/1.0 (-1)	980 (+3%)	2mo	$160,000	$163	68

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

Projected returns pro-forma

1.14% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 32.0%
• Equity multiple: 2.65×
• Total profit: $48,571
• Equity at exit: $36,621

10-year hold

• IRR: 34.2%
• Equity multiple: 5.15×
• Total profit: $122,068
• Equity at exit: $49,272

Cash invested: $29,400 (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 19933

• Home prices YoY: 0.4%
• Active inventory: 108
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $1,830 medium
• Mortgage (P&I): −$551
• Tax est. 1.5%: −$131 /mo · $1,575/yr
• Insurance: −$44
• HOA: −$0
• Vacancy / Maint / Mgmt: −$384
• Net cashflow: $720

Break-even live

Break-even rent $919

Max offer price $105,000

Occupancy floor 56%

Sensitivity live

Price	-10% $792	-5% $756	+0% $720	+5% $684	+10% $647
Rent	-10% $575	-5% $648	+0% $720	+5% $792	+10% $864
Rate	-1.0pp $773	-0.5pp $747	base $720	+0.5pp $693	+1.0pp $665

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: $26,250
• Closing costs: $3,150
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-21
   days on market $105,000 Active 40 DOM
2. 2026-06-21
   days on market $105,000 Active 39 DOM
3. 2026-06-18
   days on market $105,000 Active 37 DOM
4. 2026-06-17
   days on market $105,000 Active 36 DOM
5. 2026-06-17
   price $105,000 Active 35 DOM
6. 2026-06-16
   days on market $120,000 Active 35 DOM
7. 2026-06-15
   days on market $120,000 Active 34 DOM
8. 2026-06-13
   days on market $120,000 Active 32 DOM
9. 2026-06-12
   days on market $120,000 Active 31 DOM
10. 2026-06-09
    days on market $120,000 Active 28 DOM
11. 2026-06-08
    days on market $120,000 Active 27 DOM
12. 2026-06-07
    days on market $120,000 Active 26 DOM
13. 2026-06-07
    days on market $120,000 Active 25 DOM
14. 2026-06-04
    days on market $120,000 Active 22 DOM
15. 2026-06-02
    days on market $120,000 Active 21 DOM
16. 2026-06-01
    days on market $120,000 Active 20 DOM
17. 2026-05-31
    days on market $120,000 Active 19 DOM
18. 2026-05-31
    days on market $120,000 Active 18 DOM
19. 2026-05-13
    listed $120,000 Active 1330-char remark
20. 2026-05-09
    historical $120,000 1330-char remark
21. 2025-12-31
    historical
22. 2025-08-29
    price $135,900
23. 2025-08-01
    listed $147,500 Active

ⓘ 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 ≥105°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 75% 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: $21,957
• − Mortgage interest: −$5,882
• − Property taxes: −$1,575
• − Insurance: −$525
• − Repairs & maintenance: −$1,757
• − Management: −$1,757
• − Depreciation: −$3,055
• Taxable income: $7,408
• Est. tax owed @ 24.0%: −$1,778
• After-tax cash flow: $6,861/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 · 12 photos

Good 75/100 Cosmetic rehab

This well-maintained mobile home in Knots Landing is ready for a fresh coat of paint and some landscaping to further enhance its curb appeal and value.

Value-add opportunities

• Both Paint exterior — Fresh paint enhances curb appeal and value
• Both Landscaping — Well-maintained landscaping improves curb appeal and value
• Both Replace outdoor furniture — Fresh furniture enhances curb appeal and value

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior — Fresh paint enhances curb appeal and value ↑
• Both Landscaping — Well-maintained landscaping improves curb appeal and value ↑
• Both Replace outdoor furniture — Fresh furniture enhances curb appeal and value ↑

ⓘ 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: Woodbridge School District
• NCES district ID: 1001850
• Math proficiency: 17% ▼ -14.00%
• Reading proficiency: 34% ▼ -5.00%
• Median HH income: $48,711
• Composite: 22.28/100
• National rank: #8137
• State rank: #21 of 26 in DE

Livability — Bridgeville

• Score: 64/100
• State rank: #48
• US rank: #13807

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 11,409
• Population (ZIP): 11,409

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 0.64)
• Race & ethnicity: White 52% Hispanic / Latino 22% Black 21% Two or more races 10%
• Hispanic origin (detail): Mexican 9% Puerto Rican 2%
• Common ancestry: Romanian 2% Hispanic 2% Slovak 1%
• Foreign-born: 10% · Canada
• Languages at home: 80% English-only · Spanish 16% French/Haitian/Cajun 3% 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: ▲ 1.14%
• Current HPI: 283.0199
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

-28.8% since first listed

6 events — show timeline

• 2026-06-16 Price Changed $105,000 BRIGHT MLS
• 2026-05-13 Listed $120,000 BRIGHT MLS
• 2026-05-09 Coming Soon $120,000 BRIGHT MLS
• 2025-12-31 Listing Removed — BRIGHT MLS
• 2025-08-29 Price Changed $135,900 BRIGHT MLS
• 2025-08-01 Listed $147,500 BRIGHT MLS