806 S Edgewater House Rd #806SBethany BeachDE19930
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play806 S Edgewater House Rd #806S, Bethany Beach, DE, 19930 in Bethany Beach is priced for appreciation, not yield. Rental yield 2.05%. At $1,899,000 with a 2.05% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $524,659 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.38) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $218,150.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.1% | 5.5% |
| Monthly Cash Flow | $(7,748) | $1,200 |
City averages based on Bethany Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,240 |
| Total Monthly Debt Service | $10,232 |
| DSCR Ratio | 0.32x |
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.
Apartment
Built in 1975
5.67 Acres 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
Apartment
Built in 1975
5.67 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kim Gundy • Long & Foster Real Estate, Inc.
Mls Name: Bright MLS
Mls ID: #DESU2089832