21236 N St N #20, Rehoboth Beach, DE, 19971 | $201/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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21236 N St N #20, Rehoboth Beach, DE, 19971 | $201/mo Cash Flow | Ziffy

For Sale

Currently Rented

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

Investment property for sale in Rehoboth Beach at 21236 N St N #20, Rehoboth Beach, DE, 19971 uses $34,808 cash to close to unlock $2,417/yr annual cash flow and $201/mo monthly cash flow. Total monthly income runs $809/mo, and a $514/mo payment keeps the spread at $201/mo. Purchase price stands at $105,000, and rental yield measures 9.25% with $809/mo rent. Return on cash invested shows 26.85% in year one, and 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 139.63% and total cumulative return in cash records $48,602. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $809/mo property income covering a $514/mo payment rather than investor’s personal income.

Manufactured

Built in 1986

435.60 sqft lot

$N/A/sqft

No HOA

More details about the property

Rehoboth Bay Community has boat slips for rent, a community boat ramp, a boat storage area, a Bay-front pool, a crabbing/fishing pier, a little beach, tennis/pickleball courts & more! And it is just 6.5 miles to the famous Rehoboth boardwalk. This home on N Streets back to the White Oak Creek tidal marshes. Rehoboth Bay Community and DNREC designed a retaining wall system for this portion of the community. The marshes provide an abundance of wildlife, especially shore birds for the ornithologists out there! The home is a 1986 Schult that has been improved with a four-season sunroom with a skylight and a double set of closets for extra storage space. The living room has vaulted ceilings, and adjoins the eat-in kitchen. The kitchen has a smooth-top electric range, range hood, dishwasher, countertop microwave, and a fridge. Theres an extra stand-alone freezer in the storage shed. Split bedroom plan. The main bedroom is en suite with two sets of closets. That bath features a newer step-in shower with a seat. The front bedroom is next to the second full bath in the hall, which has a tub/shower. Laundry area with a full-size washer and dryer. 2018 roof. HVAC is less than 10 years old. Replacement windows. Pretty landscaping. Storage shed for your gardening, boating, fishing & beach gear. Golf carts are allowed in Rehoboth Bay. The community also allows 2 pets (no fences, though). Leasehold Interest: Lot Rent of approx. $763.90/mt. includes water service & trash/recycle. (Lease renews January 2026; Delaware law caps rent increases as per 25 Del. C. Sec 7050-7054). Homeowner pays electric, sewer, cable/Internet, and lawn maintenance. Hometown America, the community owner, requires an Application from the Buyer (and all adult occupants 18-year-of-age or older), with acceptance based on the following criteria: 1.)income verification, 2.)credit bureau score, plus evaluation of debt-to-income ratio, and 3.)criminal background check. (Note: Family & friends may always visit, but rentals are NOT permitted in this community.) Financing may be available to qualified borrowers from only a very few Lenders who specialize in installment/chattel loans for manufactured homes on leased land. Closing costs will include the full real estate transfer tax (3.75% DMV Doc Fee) & a Settlement Agent fee.

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