37898 Eagle Ln UNIT 344SelbyvilleDE19975
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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 Selbyville at 37898 Eagle Ln UNIT 344, Selbyville, DE, 19975 generates $2,389/mo in rent and, after a $1,860/mo payment, leaves $190/mo in cash flow. Total monthly income is $2,389/mo, and annual cash flow is $2,282/yr on $125,970 invested. Return on cash invested sits at 21.72% in year one, and rental yield is 7.54% on a $380,000 entry. Equity gained on principal adds $2,452/yr, while 5% annual appreciation builds toward $104,987 over five years. Five-year ROI reaches 112.06% and total cumulative return in cash sums $141,157. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,389/mo property income rather than buyer’s personal income.
Condo
Built in 1989
49.49 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: Jemimah Chuks • EXP Realty, LLC
Mls Name: Bright MLS
Mls ID: #DESU2092414