18708 Snowmass Run #196Rehoboth 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 Rehoboth Beach at 18708 Snowmass Run #196, Rehoboth Beach, DE, 19971 uses $82,875 cash to close to unlock $2,785/yr annual cash flow and $232/mo monthly cash flow. Total monthly income runs $1,679/mo, and a $1,224/mo payment keeps the spread at $232/mo. Purchase price stands at $250,000, and rental yield measures 8.06% with $1,679/mo rent. Return on cash invested shows 23.27% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 120.41% and total cumulative return in cash records $99,790. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,679/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Manufactured
Built in 2009
4,356 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: LINDA BOVA • SEA BOVA ASSOCIATES INC.
Mls Name: Bright MLS
Mls ID: #DESU2101240