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

$360,200

3 bd · 2.0 ba · 1,928 sqft · SingleFamily · 161 Days on market

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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
• Livability +3.2/5.0
• Schools +2.9/10.0
• Cash flow +2.7/30.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +0.0/10.0
• DSCR +0.0/10.0

Listing remarks MLS

The Strasburg by Bay to Beach Builders is a well-designed single-story home offering 1,928 heated sq. ft. , 3 bedrooms, 2 baths, and a spacious two-car garage. Ideal as a primary residence or retreat, it balances comfort, functionality, and timeless charm. A welcoming covered porch leads into an open-concept great room-the heart of the home-providing ample space for entertaining and everyday living. The adjacent dining room flows seamlessly into a well-appointed kitchen with generous counter space, modern appliances, and optional layouts such as a front kitchen. The private owner's suite includes a large bedroom, walk-in closet, and ensuite bath with customizable options like a luxury shower. Two additional bedrooms are located on the opposite side of the home for added privacy, making them ideal for guests, family, or a home office. A second full bath serves this wing. Practical features include a rear foyer, utility room, and an optional garage extension for added storage or workspace. Built-ins like cabinets or a sink can further personalize the space. Popular across Delaware and Maryland, the Strasburg offers the ease of single-level living with modern amenities and a flexible, thoughtfully crafted layout-perfect for a wide range of homeowners.

Key facts

• Covered porch
• Walk-in closet
• Ensuite bath

Tags

• COVERED PORCH
• OPEN-CONCEPT GREAT ROOM
• WELL-APPOINTED KITCHEN
• PRIVATE OWNER'S SUITE
• WALK-IN CLOSET
• ENSUITE BATH

🏗️ New construction. The $360,200 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $560,032.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $360k.

Deal economics

• At list price, monthly cash flow is $-2k ($-23k/yr) — negative.
• To cash-flow at today's rent, offer at most $277k (23.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $250k (30.7% below list).
• Recommended offer: $250k (30.7% below list) — sets the bar for 1% rule.

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; 4 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 75% 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 $4k of loan paydown is wiped out by about $5k 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 161 days — a 12% lower offer ($317k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: 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 $249,529 (30.7% 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 161 days. Have you received any prior offers? Is the seller open to a 31% concession, seller financing, or rate buy-down credit?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.45% ✗
• Cap rate: 2.22%
• Cash-on-cash: -14.53%
• DSCR: 0.35
• GRM: 18.7

CMA / ARV

• ARV (median comp): $560,032
• List price: $360,200
• Delta: -35.68%
• 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
32256 Old School Ln	0.18mi	3/2.0	1,700 (-12%)	2mo	$620,000	$365	70
32670 Cedar Dr	0.13mi	4/2.0 (+1)	1,700 (-12%)	1mo	$386,000	$227	68
31870 Mill Run Dr	0.32mi	3/2.5	2,100 (+9%)	0mo	$475,000	$226	68
18 Whites Creek Ln	0.28mi	4/2.5 (+1)	1,840 (-5%)	5mo	$594,000	$323	68
18 Hudson Ave	0.49mi	3/2.5	2,020 (+5%)	1mo	$549,900	$272	67
12 Woods Cir	0.45mi	3/2.0	2,080 (+8%)	3mo	$415,000	$200	64
12 Windmill Ln	0.59mi	3/2.0	1,837 (-5%)	2mo	$399,900	$218	63
36728 Baltimore Ave	0.69mi	3/2.0	1,850 (-4%)	3mo	$385,000	$208	59
14 Woods Cir	0.44mi	3/2.0	1,716 (-11%)	6mo	$519,000	$302	56
24 Assawoman Ave	0.64mi	3/2.0	1,779 (-8%)	8mo	$440,000	$247	51
37333 Kestrel Way	0.55mi	3/3.0	2,146 (+11%)	1mo	$557,500	$260	51
7 Longview Dr	0.62mi	3/2.0	2,200 (+14%)	3mo	$900,000	$409	45

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: -24.6%
• Equity multiple: -0.04×
• Total profit: $-162,791
• Equity at exit: $139,216

10-year hold

• IRR: -18.3%
• Equity multiple: -0.61×
• Total profit: $-252,206
• Equity at exit: $149,650

Cash invested: $156,809 (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: 12.0×

Monthly cashflow live

• Estimated rent: $2,495 medium
• Mortgage (P&I): −$2,937
• Tax est. 1.5%: −$700 /mo · $8,400/yr
• Insurance: −$233
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$524
• Net cashflow: $-1,955

Break-even live

Break-even rent $4,969

Max offer price $277,210

Occupancy floor —

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: $140,008
• Closing costs: $16,801
• Reserves months: —
• Total cash needed: —

Rent comps 4 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	13d	3	0.79mi
30839 Cedar Neck Rd Ocean View, DE	4.0	2.0	2040	$2,950	$1.45	43d	1	1.16mi
37580 Mahogany St Ocean View, DE	4.0	3.5	1600	$2,300	$1.44	43d	1	1.18mi
33697 Ashland Dr Frankford, DE	3.0	2.0	1696	$2,200	$1.30	43d	1	1.50mi

Listing history 16 events

1. 2026-06-18
   days on market $360,200 Active 161 DOM
2. 2026-06-17
   days on market $360,200 Active 160 DOM
3. 2026-06-16
   days on market $360,200 Active 159 DOM
4. 2026-06-15
   days on market $360,200 Active 158 DOM
5. 2026-06-14
   days on market $360,200 Active 156 DOM
6. 2026-06-13
   days on market $360,200 Active 155 DOM
7. 2026-06-10
   days on market $360,200 Active 153 DOM
8. 2026-06-09
   days on market $360,200 Active 152 DOM
9. 2026-06-08
   days on market $360,200 Active 151 DOM
10. 2026-06-07
    days on market $360,200 Active 150 DOM
11. 2026-06-02
    days on market $360,200 Active 145 DOM
12. 2026-06-01
    days on market $360,200 Active 144 DOM
13. 2026-05-31
    days on market $360,200 Active 143 DOM
14. 2026-05-30
    days on market $360,200 Active 142 DOM
15. 2026-03-20
    price $360,200 1268-char remark

    Show marketing remark (1268 chars)

    The Strasburg by Bay to Beach Builders is a well-designed single-story home offering 1,928 heated sq. ft. , 3 bedrooms, 2 baths, and a spacious two-car garage. Ideal as a primary residence or retreat, it balances comfort, functionality, and timeless charm. A welcoming covered porch leads into an open-concept great room-the heart of the home-providing ample space for entertaining and everyday living. The adjacent dining room flows seamlessly into a well-appointed kitchen with generous counter space, modern appliances, and optional layouts such as a front kitchen. The private owner's suite includes a large bedroom, walk-in closet, and ensuite bath with customizable options like a luxury shower. Two additional bedrooms are located on the opposite side of the home for added privacy, making them ideal for guests, family, or a home office. A second full bath serves this wing. Practical features include a rear foyer, utility room, and an optional garage extension for added storage or workspace. Built-ins like cabinets or a sink can further personalize the space. Popular across Delaware and Maryland, the Strasburg offers the ease of single-level living with modern amenities and a flexible, thoughtfully crafted layout-perfect for a wide range of homeowners.

16. 2026-01-08
    listed $355,000 Active 1268-char remark

    Show marketing remark (1268 chars)

    The Strasburg by Bay to Beach Builders is a well-designed single-story home offering 1,928 heated sq. ft. , 3 bedrooms, 2 baths, and a spacious two-car garage. Ideal as a primary residence or retreat, it balances comfort, functionality, and timeless charm. A welcoming covered porch leads into an open-concept great room-the heart of the home-providing ample space for entertaining and everyday living. The adjacent dining room flows seamlessly into a well-appointed kitchen with generous counter space, modern appliances, and optional layouts such as a front kitchen. The private owner's suite includes a large bedroom, walk-in closet, and ensuite bath with customizable options like a luxury shower. Two additional bedrooms are located on the opposite side of the home for added privacy, making them ideal for guests, family, or a home office. A second full bath serves this wing. Practical features include a rear foyer, utility room, and an optional garage extension for added storage or workspace. Built-ins like cabinets or a sink can further personalize the space. Popular across Delaware and Maryland, the Strasburg offers the ease of single-level living with modern amenities and a flexible, thoughtfully crafted layout-perfect for a wide range of homeowners.

ⓘ 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: $29,943
• − Mortgage interest: −$31,371
• − Property taxes: −$8,400
• − Insurance: −$3,467
• − Repairs & maintenance: −$2,395
• − Management: −$2,395
• − Depreciation: −$16,292
• Taxable loss: −$34,377
• Est. tax savings @ 24.0%: +$8,250
• After-tax cash flow: $-15,204/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: 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 $360,200 Zillow
• 2026-01-08 Listed $355,000 Zillow