23280 Boat Dock Dr WLewesDE19958
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 23280 Boat Dock Dr W, Lewes, DE, 19958 in Lewes. At $454,000 it earns $3,374/mo in rent and distributes $680/mo to the owner after the $2,041/mo payment, a consistent 8.92% yield. DSCR 1.65 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $125,432 in value; $4,181/yr in principal paydown compounds ownership stake. Total projected return: $219,498.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.9% | 5.2% |
| Monthly Cash Flow | $680 | $1,850 |
City averages based on Lewes market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,374 |
| Total Monthly Debt Service | $2,446 |
| DSCR Ratio | 1.38x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1988
7,405 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
20,456
Single Family
20,000
Multi-Family
456
Businesses
993
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
Single Family
Built in 1988
7,405 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
20,456
Single Family
20,000
Multi-Family
456
Businesses
993
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices