4 Wigan CtRehoboth 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
Rental property for sale in Rehoboth Beach at 4 Wigan Ct, Rehoboth Beach, DE, 19971 offers $4,750/mo rent that, after a $5,262/mo payment. Total monthly income is $4,750/mo. Return on cash invested measures 15.3% in year one, and rental yield stands at 5.3% at a $1,075,000 entry. Equity gained on principal adds $6,937/yr while 5% annual appreciation compounds into $297,003 by year five. Five-year ROI records 77.51% and total cumulative return in cash reaches $269,958. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,750/mo property income versus a $5,262/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
0.63 Acres lot
$N/A/sqft
No 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
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Listed by: Babs Morales • Berkshire Hathaway HomeServices PenFed Realty
Mls Name: Bright MLS
Mls ID: #DESU2096364