38015 West Dr UNIT 755Rehoboth BeachDE19971
Nearby investment properties with comparable rents
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 Rehoboth Beach at 38015 West Dr UNIT 755, Rehoboth Beach, DE, 19971 earns from $2,426/mo rent with a $2,981/mo payment. Total monthly income totals $2,426/mo. ROI tracks 13.31% on current figures, and rental yield reads 4.78% at a $609,000 purchase. Equity gained on principal adds $3,930/yr, and 5% annual appreciation supports $168,255 over five years. Five-year ROI reaches 66.95% and total cumulative return in cash sums $134,141. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,426/mo property income instead of your personal income.
Condo
Built in 2000
4.36 Acres lot
$N/A/sqft
$29 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A