32041 Janice Rd #2275LewesDE19958
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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 32041 Janice Rd #2275, Lewes, DE, 19958 offers a 9.3% rental yield on a $130,000 purchase with $1,008/mo rent. Total monthly income registers $1,008/mo, and a $636/mo payment leaves $256/mo available for distribution. Annual cash flow reaches $3,073/yr on $43,095 to close, and return on cash invested stands at 27.04% in year one. Equity gained on principal adds $839/yr while 5% annual appreciation supports $35,917 over five years. Portfolio math shows five-year ROI at 140.68% and total cumulative return in cash at $60,627. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,008/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1972
65.11 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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Listed by: Hugh V Fuller • EXP Realty, LLC
Mls Name: Bright MLS
Mls Provider:
Mls ID: #DESU2076614
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