39620 E Sun Dr UNIT 717Fenwick IslandDE19944
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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
Total monthly income runs $2,221/mo, and a $3,059/mo payment. Purchase price stands at $625,000, and rental yield measures 4.26% with $2,221/mo rent. Return on cash invested shows 9.87% in year one, and 5% annual appreciation builds toward $172,676 over five years. Five-year ROI reaches 49.21% and total cumulative return in cash records $101,185. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,221/mo property income covering a $3,059/mo payment rather than investor’s personal income.
Condo
Built in 1987
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
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Listed by: Phillip Knight • Northrop Realty
Mls Name: Bright MLS
Mls Provider:
Mls ID: #DESU2065340
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