61 Central Ave, Ocean View, DE, 19970 | $260/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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61 Central Ave, Ocean View, DE, 19970 | $260/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Ocean View at 61 Central Ave, Ocean View, DE, 19970 listed at $515,000 pairs $3,240/mo rent with a $2,521/mo payment to leave $260/mo cash flow. Total monthly income runs $3,240/mo, and annual cash flow reaches $3,118/yr on $169,435 cash to close. Return on cash invested measures 21.9% in year one, and rental yield registers 7.55% at a $515,000 basis. Equity gained on principal adds $3,323/yr, and annual property appreciation at 5% supports $142,285 by year five. Five-year ROI tracks 112.95% and total cumulative return in cash totals $191,377. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,240/mo property income relative to a $2,521/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1923

0.47 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully updated 4-bedroom, 2-bathroom oversized bungalow, blending timeless 1920s character with modern comfort. Nestled in the heart of Ocean View, this home offers the perfect coastal lifestylejust moments from the sun, sand, and surf of Bethany Beach. This gorgeous classic beach home is dripping with charm and style. Step inside to find original architectural details complemented by tasteful updates throughout, including renovated bathrooms, a modernized kitchen, and updated HVAC systems for peace of mind. The inviting floor plan features bright, spacious living areas, hardwood floors, and charming built-ins that add warmth and personality. It is a superbly well maintained home that takes you back in time. The first floor primary suite boasts an updated en suite. The second floor offers 3 more large bedrooms and another recently renovated full bathroom with laundry. Enjoy your morning coffee on the welcoming front porch or relax in the private backyard on the large deckideal for entertaining or unwinding after a day at the beach. The outside enclosed shower is perfect for after the beach clean up and the large lot could allow for the addition of a large detached garage, swimming pool or play area for the kids. Located adjacent to local parks and within short driving distance to popular restaurants, shops, and amenities, this home offers the best of small-town living with beach-town charm. Whether you're looking for a year-round residence, vacation home, or investment opportunity, this delightful bungalow is a rare find. Dont miss your chance to own a piece of history in one of Delawares most desirable coastal communities! This one won't last, come and see it soon!

Neighborhood Data

Neighborhood data shown for ZIP Code: 19970, Ocean View, DE area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,474 (100%)
Owner Occupied HU	4,415 (46.6%)
Renter Occupied HU	454 ( 4.8%)
Vacant Housing Units	4,605 (48.6%)
Median Home Value	$543,498
Average Home Value	$597,639