1602 Bayard AveDewey 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 Dewey Beach at 1602 Bayard Ave, Dewey Beach, DE, 19971 generates $2,608/mo in rent, after a $8,296/mo payment. Total monthly income is $2,608/mo. Return on cash invested sits at 4.64% in year one, and rental yield is 1.85% on a $1,695,000 entry. Equity gained on principal adds $10,938/yr, while 5% annual appreciation builds toward $468,297 over five years. Five-year ROI reaches 20.32% and total cumulative return in cash sums $111,573. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,608/mo property income rather than buyer’s personal income.
Single Family
Built in 1980
4,792 sqft 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: Brittany Breeding • Investors Realty, Inc.
Mls Name: Bright MLS
Mls ID: #DESU2099028