38 Buckingham Dr, Lewes, DE, 19958 | $217/mo Cash Flow

For Sale

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Lewes at 38 Buckingham Dr, Lewes, DE, 19958 offers a 8.03% rental yield on a $239,900 purchase with $1,605/mo rent. Total monthly income registers $1,605/mo, and a $1,174/mo payment leaves $217/mo available for distribution. Annual cash flow reaches $2,605/yr on $79,527 to close, and return on cash invested stands at 23.18% in year one. Equity gained on principal adds $1,548/yr while 5% annual appreciation supports $66,280 over five years. Portfolio math shows five-year ROI at 119.92% and total cumulative return in cash at $95,371. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,605/mo property income against a $1,174/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Manufactured

Built in 2025

6,000 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 19958, Lewes, DE area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	23,534 (100%)
Owner Occupied HU	14,199 (60.3%)
Renter Occupied HU	2,726 (11.6%)
Vacant Housing Units	6,609 (28.1%)
Median Home Value	$533,378
Average Home Value	$591,039