53 Spinning Wheel LnRehoboth BeachDE19971
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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 Rehoboth Beach at 53 Spinning Wheel Ln, Rehoboth Beach, DE, 19971 with 5% annual appreciation on a $214,900 basis while $1,458/mo rent supports operations. Total monthly income totals $1,458/mo and a $1,052/mo payment preserves $214/mo for cash returns. Annual cash flow comes to $2,573/yr on $71,239 deployed, and return on cash invested reaches 23.52% in year one. Equity gained on principal adds $1,387/yr, and five-year appreciation sums $59,373 alongside rental yield of 8.14%. Five-year ROI measures 121.73% and total cumulative return in cash totals $86,718.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,458/mo property income versus a $1,052/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1977
41.87 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: Dorothy Burton • Samson Properties of DE, LLC
Mls Name: Bright MLS
Mls ID: #DESU2093268