The Cassidy Plan, Welches PondLewesDE19958
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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
Rental property for sale in Lewes at The Cassidy Plan, Welches Pond, Lewes, DE, 19958 priced at $707,400 converts $3,521/mo rent into after a $3,462/mo obligation. Total monthly income equals $3,521/mo. Return on cash invested prints 15.59% in year one, and rental yield reads 5.97% against a $707,400 entry. Equity gained on principal adds $4,565/yr, while 5% annual appreciation compiles into $195,442 by year five. Five-year ROI reaches 79.68% and total cumulative return in cash sums $185,447. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,521/mo property income covering a $3,462/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
$295 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19958, Lewes, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,534 (100%) |
| Owner Occupied HU | 14,199 (60.3%) |
| Renter Occupied HU | 2,726 (11.6%) |
| Vacant Housing Units | 6,609 (28.1%) |
| Median Home Value | $533,378 |
| Average Home Value | $591,039 |
Housing Distribution
Address Breakdown
Residential
20,456
Single Family
20,000
Multi-Family
456
Businesses
993
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