3 W Farmington StFenwick IslandDE19944
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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 Fenwick Island at 3 W Farmington St, Fenwick Island, DE, 19944 earns from $3,194/mo rent with a $6,975/mo payment. Total monthly income totals $3,194/mo. ROI tracks 7.24% on current figures, and rental yield reads 2.69% at a $1,425,000 purchase. Equity gained on principal adds $9,195/yr, and 5% annual appreciation supports $393,701 over five years. Five-year ROI reaches 34.27% and total cumulative return in cash sums $158,216. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,194/mo property income instead of your personal income.
Single Family
Built in 1979
6,272 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19944, Fenwick Island, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,606 (100%) |
| Owner Occupied HU | 274 (17.1%) |
| Renter Occupied HU | 24 ( 1.5%) |
| Vacant Housing Units | 1,308 (81.4%) |
| Median Home Value | $1,010,638 |
| Average Home Value | $1,212,673 |
Housing Distribution
Address Breakdown
Residential
747
Single Family
747
Multi-Family
0
Businesses
81
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Listed by: Emmett Dalton • Dalton Real Estate
Mls Name: CRMLS
Mls ID: #OC25179993