19940 Atlantic Ave #E28Rehoboth 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 Rehoboth Beach at 19940 Atlantic Ave #E28, Rehoboth Beach, DE, 19971 generates $1,116/mo in rent and, after a $710/mo payment, leaves $277/mo in cash flow. Total monthly income is $1,116/mo, and annual cash flow is $3,321/yr on $48,066 invested. Return on cash invested sits at 26.82% in year one, and rental yield is 9.24% on a $144,995 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation builds toward $40,059 over five years. Five-year ROI reaches 139.37% and total cumulative return in cash sums $66,991. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,116/mo property income rather than buyer’s personal income.
Manufactured
Built in 2025
N/A 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: Aimee Bennett • Sun Homes
Mls Name: Sun Homes Manufactured
Mls Provider:
Mls ID: #N/A