19688 Chelmer Dr UNIT 18Rehoboth 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 19688 Chelmer Dr UNIT 18, Rehoboth Beach, DE, 19971 earns from $3,086/mo rent with a $3,181/mo payment. Total monthly income totals $3,086/mo. ROI tracks 16.27% on current figures, and rental yield reads 5.7% at a $649,900 purchase. Equity gained on principal adds $4,194/yr, and 5% annual appreciation supports $179,555 over five years. Five-year ROI reaches 82.8% and total cumulative return in cash sums $177,030. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,086/mo property income instead of your personal income.
Condo
Built in 2006
32.57 Acres 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: Matt Lunden • Keller Williams Realty
Mls Name: Bright MLS
Mls ID: #DESU2093274