39997 N Croppers CirFenwick 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
Investment property for sale in Fenwick Island at 39997 N Croppers Cir, Fenwick Island, DE, 19944 offers a 9.44% rental yield on a $139,900 purchase with $1,101/mo rent. Total monthly income registers $1,101/mo, and a $685/mo payment leaves $291/mo available for distribution. Annual cash flow reaches $3,495/yr on $46,377 to close, and return on cash invested stands at 27.45% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,652 over five years. Portfolio math shows five-year ROI at 142.81% and total cumulative return in cash at $66,231. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,101/mo property income against a $685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1950
4.79 Acres 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: Tim Meadowcroft • Long & Foster Real Estate, Inc.
Mls Name: Bright MLS
Mls ID: #DESU2099552