37841 Salt Grass Cv UNIT 99, Ocean View, DE, 19970 | 3.91% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
2 Bath
1109 sft

1 133rd St UNIT 806B, Ocean City, MD, 21842

3 Bed
2 Bath
1176 sft

27503 Briar Ln, Millsboro, DE, 19966

4 Bed
4 Bath
2484 sft

438 Delaware Ave, Millsboro, DE, 19966

5 Bed
3 Bath
2484 sft

232 Ocean Pkwy, Ocean Pines, MD, 21811

Nearby investment properties with comparable prices

4 Bed
3 Bath
2725 sft

24434 Long Pond Dr, Lewes, DE, 19958

4 Bed
3 Bath
5879 sft

LOT 198 Fowlers Path, Millsboro, DE, 19966

5 Bed
4 Bath
6882 sft

27421 Covered Bridge Trl, Harbeson, DE, 19951

3 Bed
4 Bath
2701 sft

34226 Brenner Ln, Lewes, DE, 19958

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

Explore more listings using simple english

Investment Highlights

Total monthly income runs $2,476/mo, and a $3,715/mo payment. Purchase price stands at $759,000, and rental yield measures 3.91% with $2,476/mo rent. Return on cash invested shows 10.85% in year one, and 5% annual appreciation builds toward $209,698 over five years. Five-year ROI reaches 53.73% and total cumulative return in cash records $134,159. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,476/mo property income covering a $3,715/mo payment rather than investor’s personal income.

Townhouse

Built in 2001

N/A lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 19970, Ocean View, DE area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,474 (100%)
Owner Occupied HU	4,415 (46.6%)
Renter Occupied HU	454 ( 4.8%)
Vacant Housing Units	4,605 (48.6%)
Median Home Value	$543,498
Average Home Value	$597,639