34774 Schooner PassLewesDE19958
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 34774 Schooner Pass, Lewes, DE, 19958 in Lewes at $519,900 earns $3,152/mo in rent and nets $144/mo after the $2,338/mo payment, a 7.28% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $143,639 over five years. Ziffy Mortgage underwrites this on a 1.35 DSCR without U.S. credit history. With $4,788/yr in principal paydown, total projected return reaches $205,498.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.3% | 5.2% |
| Monthly Cash Flow | $144 | $1,850 |
City averages based on Lewes market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,152 |
| Total Monthly Debt Service | $2,801 |
| DSCR Ratio | 1.13x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2005
3,920 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Townhouse
Built in 2005
3,920 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices