106 Stoney Brook MnrRehoboth BeachDE19971
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Rehoboth Beach at 106 Stoney Brook Mnr, Rehoboth Beach, DE, 19971 priced at $1,299,000 converts $4,340/mo rent into after a $6,358/mo obligation. Total monthly income equals $4,340/mo. Return on cash invested prints 11.31% in year one, and rental yield reads 4.01% against a $1,299,000 entry. Equity gained on principal adds $8,382/yr, while 5% annual appreciation compiles into $358,890 by year five. Five-year ROI reaches 56.11% and total cumulative return in cash sums $236,149. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,340/mo property income covering a $6,358/mo payment, not borrower’s personal income.
Single Family
Built in 1997
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19971, Rehoboth Beach, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,117 (100%) |
| Owner Occupied HU | 6,931 (38.3%) |
| Renter Occupied HU | 1,380 ( 7.6%) |
| Vacant Housing Units | 9,806 (54.1%) |
| Median Home Value | $664,792 |
| Average Home Value | $784,663 |
Housing Distribution
Address Breakdown
Residential
11,678
Single Family
11,217
Multi-Family
461
Businesses
1,323
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Listed by: Debbie Reed • RE/MAX Realty Group Rehoboth
Mls Name: Bright MLS
Mls ID: #DESU2096118