23175 Corsair DrSelbyvilleDE19975
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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 Selbyville at 23175 Corsair Dr, Selbyville, DE, 19975 offers a 9.3% rental yield on a $462,500 purchase with $3,586/mo rent. Total monthly income registers $3,586/mo, and a $2,264/mo payment leaves $910/mo available for distribution. Annual cash flow reaches $10,915/yr on $153,319 to close, and return on cash invested stands at 27.03% in year one. Equity gained on principal adds $2,984/yr while 5% annual appreciation supports $127,780 over five years. Portfolio math shows five-year ROI at 140.5% and total cumulative return in cash at $215,406. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,586/mo property income against a $2,264/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2022
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19975, Selbyville, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,207 (100%) |
| Owner Occupied HU | 4,959 (53.9%) |
| Renter Occupied HU | 748 ( 8.1%) |
| Vacant Housing Units | 3,500 (38.0%) |
| Median Home Value | $508,771 |
| Average Home Value | $553,016 |
Housing Distribution
Address Breakdown
Residential
7,482
Single Family
6,335
Multi-Family
1,147
Businesses
392
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Listed by: ASHLEY BROSNAHAN • Long & Foster Real Estate, Inc.
Mls Name: Bright MLS
Mls ID: #DESU2099962