1301 Coastal Hwy #351Dewey 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
Investment property for sale in Dewey Beach at 1301 Coastal Hwy #351, Dewey Beach, DE, 19971 listed at $1,699,900 pairs $2,672/mo rent with a $8,320/mo payment. Total monthly income runs $2,672/mo. Return on cash invested measures 4.76% in year one, and rental yield registers 1.89% at a $1,699,900 basis. Equity gained on principal adds $10,969/yr, and annual property appreciation at 5% supports $469,651 by year five. Five-year ROI tracks 20.98% and total cumulative return in cash totals $115,536. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,672/mo property income relative to a $8,320/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2020
N/A 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: RON GOLDEN • EXP Realty, LLC
Mls Name: Bright MLS
Mls ID: #DESU2091914