16 Shefffield DrLewesDE19958
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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 Lewes at 16 Shefffield Dr, Lewes, DE, 19958 uses $47,968 cash to close to unlock $3,888/yr annual cash flow and $324/mo monthly cash flow. Total monthly income runs $1,161/mo, and a $708/mo payment keeps the spread at $324/mo. Purchase price stands at $144,700, and rental yield measures 9.63% with $1,161/mo rent. Return on cash invested shows 28.01% in year one, and 5% annual appreciation builds toward $39,978 over five years. Five-year ROI reaches 145.77% and total cumulative return in cash records $69,922. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,161/mo property income covering a $708/mo payment rather than investor’s personal income.
Manufactured
Built in 1991
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19958, Lewes, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,534 (100%) |
| Owner Occupied HU | 14,199 (60.3%) |
| Renter Occupied HU | 2,726 (11.6%) |
| Vacant Housing Units | 6,609 (28.1%) |
| Median Home Value | $533,378 |
| Average Home Value | $591,039 |
Housing Distribution
Address Breakdown
Residential
20,456
Single Family
20,000
Multi-Family
456
Businesses
993
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