23207 Boat Dock Ct E, Lewes, DE, 19958 | $798/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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23207 Boat Dock Ct E, Lewes, DE, 19958 | $798/mo Cash Flow | Ziffy

For Sale

Listed for sale today

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 Lewes at 23207 Boat Dock Ct E, Lewes, DE, 19958 uses $137,573 cash to close to unlock $9,576/yr annual cash flow and $798/mo monthly cash flow. Total monthly income runs $3,199/mo, and a $2,031/mo payment keeps the spread at $798/mo. Purchase price stands at $415,000, and rental yield measures 9.25% with $3,199/mo rent. Return on cash invested shows 26.87% in year one, and 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 139.63% and total cumulative return in cash records $192,093. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,199/mo property income covering a $2,031/mo payment rather than investor’s personal income.

Single Family

Built in 1990

4,356 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this cozy 3-bed, 2.5-bath Cape Cod nestled in a sought-after gated waterfront community Angola By The Bay. Enjoy exceptional water access with lake privileges, a marina, pier and dock, boat slips, and a convenient boat rampperfect for boating, fishing, and sunset cruises. The community shines with resort-style amenities including a clubhouse, recreation facility, pool, tennis, basketball and volleyball courts, picnic areas, and beautifully maintained common grounds with mature trees. Beaches are just minutes away, offering easy escapes for sun and sand. Inside, the open-concept layout features beautiful real wood details, two first-floor bedrooms, and a loft bedroom with its own bath. A wraparound deck invites outdoor living, while accessibility features include a ramp to the front door and chair lift. A full unfinished basement adds endless potential.

Neighborhood Data

Neighborhood data shown for ZIP Code: 19958, Lewes, DE area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	23,534 (100%)
Owner Occupied HU	14,199 (60.3%)
Renter Occupied HU	2,726 (11.6%)
Vacant Housing Units	6,609 (28.1%)
Median Home Value	$533,378
Average Home Value	$591,039