37685 Ulster Dr UNIT 17Rehoboth 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 37685 Ulster Dr UNIT 17, Rehoboth Beach, DE, 19971 offers a 5.65% rental yield on a $512,500 purchase with $2,412/mo rent. 15% in year one. Equity gained on principal adds $3,307/yr while 5% annual appreciation supports $141,594 over five years. Portfolio math shows five-year ROI at 67.13% and total cumulative return in cash at $113,192. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,412/mo property income against a $2,508/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2006
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: LINDA MILLIKIN • Monument Sotheby's International Realty
Mls Name: Bright MLS
Mls Provider:
Mls ID: #DESU2088106
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