20 Carriage LnRehoboth 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 20 Carriage Ln, Rehoboth Beach, DE, 19971 offers a 8.14% rental yield on a $279,000 purchase with $1,893/mo rent. Total monthly income registers $1,893/mo, and a $1,366/mo payment leaves $278/mo available for distribution. Annual cash flow reaches $3,339/yr on $92,489 to close, and return on cash invested stands at 23.52% in year one. Equity gained on principal adds $1,800/yr while 5% annual appreciation supports $77,083 over five years. Portfolio math shows five-year ROI at 121.71% and total cumulative return in cash at $112,567. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,893/mo property income against a $1,366/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2019
3,484 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: #DESU2091602