40084 Grant Dr UNIT 72Fenwick 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
Rental property for sale in Fenwick Island at 40084 Grant Dr UNIT 72, Fenwick Island, DE, 19944 generates $2,040/mo in rent, after a $4,845/mo payment. Total monthly income is $2,040/mo. Return on cash invested sits at 2.27% in year one, and rental yield is 2.47% on a $989,900 entry. Equity gained on principal adds $6,388/yr, while 5% annual appreciation builds toward $273,491 over five years. Five-year ROI reaches 9.19% and total cumulative return in cash sums $29,917. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,040/mo property income rather than buyer’s personal income.
Condo
Built in 1986
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: CHRISY TINGLE • Keller Williams Realty
Mls Name: Bright MLS
Mls Provider:
Mls ID: #DESU2085218
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