21 Ocean Dr APT 904Rehoboth 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
Total monthly income runs $2,250/mo, and a $9,530/mo payment. Purchase price stands at $1,947,000, and rental yield measures 1.39% with $2,250/mo rent. Return on cash invested shows 3.22% in year one, and 5% annual appreciation builds toward $537,920 over five years. Five-year ROI reaches 12.7% and total cumulative return in cash records $80,111. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,250/mo property income covering a $9,530/mo payment rather than investor’s personal income.
Apartment
Built in 1970
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: Debbie Reed • RE/MAX Realty Group Rehoboth
Mls Name: Bright MLS
Mls ID: #DESU2089342