35615 South St UNIT 3Rehoboth 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
Investment property for sale in Rehoboth Beach at 35615 South St UNIT 3, Rehoboth Beach, DE, 19971 uses $132,269 cash to close to unlock $6,051/yr annual cash flow and $504/mo monthly cash flow. Total monthly income runs $2,813/mo, and a $1,953/mo payment keeps the spread at $504/mo. Purchase price stands at $399,000, and rental yield measures 8.46% with $2,813/mo rent. Return on cash invested shows 24.48% in year one, and 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 126.86% and total cumulative return in cash records $167,798. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,813/mo property income covering a $1,953/mo payment rather than investor’s personal income.
Townhouse
Built in 2001
0.66 Acres lot
$N/A/sqft
No 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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Listed by: Jeff Derp • Long & Foster Real Estate, Inc.
Mls Name: Bright MLS
Mls ID: #DESU2099422