35888 Bay Dr #BD-02Rehoboth 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 35888 Bay Dr #BD-02, Rehoboth Beach, DE, 19971 generates $1,593/mo in rent and, after a $1,123/mo payment, leaves $265/mo in cash flow. Total monthly income is $1,593/mo, and annual cash flow is $3,184/yr on $76,079 invested. Return on cash invested sits at 24.09% in year one, and rental yield is 8.33% on a $229,500 entry. Equity gained on principal adds $1,481/yr, while 5% annual appreciation builds toward $63,407 over five years. Five-year ROI reaches 124.79% and total cumulative return in cash sums $94,938. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,593/mo property income rather than buyer’s personal income.
Manufactured
Built in 1982
N/A 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: Patrick Crocetta • Hometown America, a Manufactured Home Dealer
Mls Name: My State MLS
Mls ID: #11508083