24686 Merlot Dr #206LewesDE19958
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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 Lewes at 24686 Merlot Dr #206, Lewes, DE, 19958 offers a 7.58% rental yield on a $365,900 purchase with $2,310/mo rent. Total monthly income registers $2,310/mo, and a $1,791/mo payment leaves $193/mo available for distribution. Annual cash flow reaches $2,313/yr on $121,296 to close, and return on cash invested stands at 21.82% in year one. Equity gained on principal adds $2,361/yr while 5% annual appreciation supports $101,091 over five years. Portfolio math shows five-year ROI at 112.55% and total cumulative return in cash at $136,514. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,310/mo property income against a $1,791/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
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 |
Housing Distribution
Address Breakdown
Residential
20,456
Single Family
20,000
Multi-Family
456
Businesses
993
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