2 Melody CtRehoboth 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 2 Melody Ct, Rehoboth Beach, DE, 19971 priced at $685,000 converts $4,340/mo rent into $376/mo cash flow after a $3,353/mo obligation. Total monthly income equals $4,340/mo, and annual cash flow totals $4,515/yr on $225,365 invested. Return on cash invested prints 22.06% in year one, and rental yield reads 7.6% against a $685,000 entry. Equity gained on principal adds $4,420/yr, while 5% annual appreciation compiles into $189,253 by year five. Five-year ROI reaches 113.84% and total cumulative return in cash sums $256,558. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,340/mo property income covering a $3,353/mo payment, not borrower’s personal income.
Single Family
Built in 1995
0.61 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: Angela Newman • Keller Williams Realty
Mls Name: Bright MLS
Mls ID: #DESU2101088