2 Folkstone Ln, Lewes, DE, 19958 | $1,081/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Lewes at 2 Folkstone Ln, Lewes, DE, 19958 priced at $269,500 converts $2,640/mo rent into $1,081/mo cash flow after a $1,319/mo obligation. Total monthly income equals $2,640/mo, and annual cash flow totals $12,968/yr on $89,339 invested. Return on cash invested prints 34.42% in year one, and rental yield reads 11.76% against a $269,500 entry. Equity gained on principal adds $1,739/yr, while 5% annual appreciation compiles into $74,458 by year five. Five-year ROI reaches 180.15% and total cumulative return in cash sums $160,944. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,640/mo property income covering a $1,319/mo payment, not borrower’s personal income.

Manufactured

Built in 2025

6,400 sqft 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