38158 N 2nd St, Delmar, DE, 19940 | 2.98% Rental Yield

For Sale

Ziffy Mortgage

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

Rental property for sale in Delmar at 38158 N 2nd St, Delmar, DE, 19940 generates $942/mo in rent, after a $1,855/mo payment. Total monthly income is $942/mo. Return on cash invested sits at 7.96% in year one, and rental yield is 2.98% on a $379,000 entry. Equity gained on principal adds $2,446/yr, while 5% annual appreciation builds toward $104,711 over five years. Five-year ROI reaches 38.27% and total cumulative return in cash sums $48,083. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $942/mo property income rather than buyer’s personal income.

Single Family

Built in 2025

9,147 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 19940, Delmar, DE area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,675 (100%)
Owner Occupied HU	2,027 (75.8%)
Renter Occupied HU	482 (18.0%)
Vacant Housing Units	166 ( 6.2%)
Median Home Value	$337,554
Average Home Value	$456,906