603 N Edgewater House Rd Unit 603NBethany BeachDE19930
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 603 N Edgewater House Rd Unit 603N, Bethany Beach, DE, 19930 in Bethany Beach. Rental yield 2.77%. At $1,175,000 with 2.77% gross yield, current distributions are modest, but the 5% appreciation rate projects $324,631 in new equity by year five, complemented by $10,822/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.51) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $180,819.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.8% | 5.5% |
| Monthly Cash Flow | $(5,179) | $1,200 |
City averages based on Bethany Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,717 |
| Total Monthly Debt Service | $6,331 |
| DSCR Ratio | 0.43x |
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
No 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
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Bright MLS
Mls ID: #DESU2102488