16 2nd St #16FredericaDE19946
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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 Frederica at 16 2nd St #16, Frederica, DE, 19946 earns $253/mo cash flow from $907/mo rent with a $553/mo payment. Total monthly income totals $907/mo, and annual cash flow totals $3,039/yr on $37,458 capital. ROI tracks 28.02% on current figures, and rental yield reads 9.63% at a $112,995 purchase. Equity gained on principal adds $729/yr, and 5% annual appreciation supports $31,218 over five years. Five-year ROI reaches 145.97% and total cumulative return in cash sums $54,676. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $907/mo property income instead of your personal income.
Manufactured
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19946, Frederica, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,090 (100%) |
| Owner Occupied HU | 1,563 (74.8%) |
| Renter Occupied HU | 354 (16.9%) |
| Vacant Housing Units | 173 ( 8.3%) |
| Median Home Value | $355,351 |
| Average Home Value | $352,639 |
Housing Distribution
Address Breakdown
Residential
1,743
Single Family
1,743
Multi-Family
0
Businesses
55
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