37292 Lighthouse Rd UNIT 202SelbyvilleDE19975
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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
Investment Highlights
Investment property for sale in Selbyville at 37292 Lighthouse Rd UNIT 202, Selbyville, DE, 19975 listed at $700,000 pairs $2,843/mo rent with a $3,426/mo payment. Total monthly income runs $2,843/mo. Return on cash invested measures 13.77% in year one, and rental yield registers 4.87% at a $700,000 basis. Equity gained on principal adds $4,517/yr, and annual property appreciation at 5% supports $193,397 by year five. Five-year ROI tracks 69.35% and total cumulative return in cash totals $159,712. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,843/mo property income relative to a $3,426/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2013
2.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19975, Selbyville, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,207 (100%) |
| Owner Occupied HU | 4,959 (53.9%) |
| Renter Occupied HU | 748 ( 8.1%) |
| Vacant Housing Units | 3,500 (38.0%) |
| Median Home Value | $508,771 |
| Average Home Value | $553,016 |
Housing Distribution
Address Breakdown
Residential
7,482
Single Family
6,335
Multi-Family
1,147
Businesses
392
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Listed by: Danny TAGLIENTI • Keller Williams Realty
Mls Name: Bright MLS
Mls ID: #DESU2101744