39050 Briny Ln #11902Fenwick IslandDE19944
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
Rental property for sale in Fenwick Island at 39050 Briny Ln #11902, Fenwick Island, DE, 19944 generates $947/mo in rent and, after a $612/mo payment, leaves $224/mo in cash flow. Total monthly income is $947/mo, and annual cash flow is $2,683/yr on $41,438 invested. Return on cash invested sits at 26.38% in year one, and rental yield is 9.09% on a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 137.08% and total cumulative return in cash sums $56,801. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $947/mo property income rather than buyer’s personal income.
Manufactured
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19944, Fenwick Island, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,606 (100%) |
| Owner Occupied HU | 274 (17.1%) |
| Renter Occupied HU | 24 ( 1.5%) |
| Vacant Housing Units | 1,308 (81.4%) |
| Median Home Value | $1,010,638 |
| Average Home Value | $1,212,673 |
Housing Distribution
Address Breakdown
Residential
747
Single Family
747
Multi-Family
0
Businesses
81
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: James Littlefield • Northrop Realty
Mls Name: Bright MLS
Mls ID: #DESU2092808