35542 E Atlantic Cir UNIT 207Rehoboth BeachDE19971
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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
Rental property for sale in Rehoboth Beach at 35542 E Atlantic Cir UNIT 207, Rehoboth Beach, DE, 19971 generates $2,243/mo in rent and, after a $1,663/mo payment, leaves $47/mo in cash flow. Total monthly income is $2,243/mo, and annual cash flow is $565/yr on $112,611 invested. Return on cash invested sits at 20.41% in year one, and rental yield is 7.92% on a $339,700 entry. Equity gained on principal adds $2,192/yr, while 5% annual appreciation builds toward $93,853 over five years. Five-year ROI reaches 105.94% and total cumulative return in cash sums $119,300. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,243/mo property income rather than buyer’s personal income.
Condo
Built in 2003
4.36 Acres lot
$N/A/sqft
$230 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19971, Rehoboth Beach, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,117 (100%) |
| Owner Occupied HU | 6,931 (38.3%) |
| Renter Occupied HU | 1,380 ( 7.6%) |
| Vacant Housing Units | 9,806 (54.1%) |
| Median Home Value | $664,792 |
| Average Home Value | $784,663 |
Housing Distribution
Address Breakdown
Residential
11,678
Single Family
11,217
Multi-Family
461
Businesses
1,323
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