20714 Spring Lake Dr UNIT 106Rehoboth 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 20714 Spring Lake Dr UNIT 106, Rehoboth Beach, DE, 19971 earns from $2,851/mo rent with a $2,594/mo payment. Total monthly income totals $2,851/mo. ROI tracks 18.58% on current figures, and rental yield reads 6.46% at a $529,900 purchase. Equity gained on principal adds $3,419/yr, and 5% annual appreciation supports $146,402 over five years. Five-year ROI reaches 95.15% and total cumulative return in cash sums $165,875. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,851/mo property income instead of your personal income.
Townhouse
Built in 1982
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: John Fifer • Brokers Realty Group, LLC
Mls Name: Bright MLS
Mls ID: #DESU2091494