2179 Skeeter Neck RdFredericaDE19946
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Frederica at 2179 Skeeter Neck Rd, Frederica, DE, 19946 generates $2,403/mo in rent and, after a $979/mo payment, leaves $1,246/mo in cash flow. Total monthly income is $2,403/mo, and annual cash flow is $14,948/yr on $66,300 invested. Return on cash invested sits at 42.46% in year one, and rental yield is 14.42% on a $199,999 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 223.22% and total cumulative return in cash sums $147,992. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,403/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19946, Frederica, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,090 (100%) |
| Owner Occupied HU | 1,563 (74.8%) |
| Renter Occupied HU | 354 (16.9%) |
| Vacant Housing Units | 173 ( 8.3%) |
| Median Home Value | $355,351 |
| Average Home Value | $352,639 |
Housing Distribution
Address Breakdown
Residential
1,743
Single Family
1,743
Multi-Family
0
Businesses
55
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices