501 N Edgewater HOUSE 501NBethany BeachDE19930
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 501 N Edgewater HOUSE 501N, Bethany Beach, DE, 19930 in Bethany Beach fits: $1,230,000, 3.04% gross yield, and a projected 5% annual appreciation rate adding $339,826 in value within five years. Rental yield 3.04%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.56) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $11,328/yr in principal paydown and $339,826 in appreciation project a total return of $161,380.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3% | 5.5% |
| Monthly Cash Flow | $(4,758) | $1,200 |
City averages based on Bethany Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,120 |
| Total Monthly Debt Service | $7,389 |
| DSCR Ratio | 0.42x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1974
N/A lot
$N/A/sqft
$761 monthly HOA
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
Condo
Built in 1974
N/A lot
$N/A/sqft
$761 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: SARAH SCHIFANO • Long & Foster Real Estate, Inc.
Mls Name: Long & Foster Broker Feed
Mls Provider:
Mls ID: #DESU2079276
Disclaimer: Listing information is deemed reliable, but not guaranteed.