24677 Merlot Dr, Lewes, DE, 19958 | 6.86% Rental Yield

For Sale

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 24677 Merlot Dr, Lewes, DE, 19958 offers a 6.86% rental yield on a $409,000 purchase with $2,338/mo rent. 66% in year one. Equity gained on principal adds $2,639/yr while 5% annual appreciation supports $112,999 over five years. Portfolio math shows five-year ROI at 100.98% and total cumulative return in cash at $136,905. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,338/mo property income against a $2,002/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2025

N/A 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