23404 Cinnamon RdLewesDE19958
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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
Rental property for sale in Lewes at 23404 Cinnamon Rd, Lewes, DE, 19958 generates $837/mo in rent and, after a $538/mo payment, leaves $201/mo in cash flow. Total monthly income is $837/mo, and annual cash flow is $2,411/yr on $36,465 invested. Return on cash invested sits at 26.52% in year one, and rental yield is 9.13% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 137.75% and total cumulative return in cash sums $50,232. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $837/mo property income rather than buyer’s personal income.
Single Family
Built in 1992
205.36 Acres 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
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