40035 S Croppers CirFenwick IslandDE19944
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 40035 S Croppers Cir, Fenwick Island, DE, 19944 in Fenwick Island hard to pass up. The 17.54% gross yield on a $120,000 purchase results in $1,754/mo in rent and $1,060/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (3.25). Annual cash flow of $12,721, five-year appreciation of $33,154, and $1,105/yr in equity build-up combine for a projected total cumulative return of $113,457.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 17.5% | 6.2% |
| Monthly Cash Flow | $1,060 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,754 |
| Total Monthly Debt Service | $647 |
| DSCR Ratio | 2.71x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Manufactured
Built in 1962
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19944, Fenwick Island, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,606 (100%) |
| Owner Occupied HU | 274 (17.1%) |
| Renter Occupied HU | 24 ( 1.5%) |
| Vacant Housing Units | 1,308 (81.4%) |
| Median Home Value | $1,010,638 |
| Average Home Value | $1,212,673 |
Housing Distribution
Address Breakdown
Residential
747
Single Family
747
Multi-Family
0
Businesses
81
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
Manufactured
Built in 1962
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19944, Fenwick Island, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,606 (100%) |
| Owner Occupied HU | 274 (17.1%) |
| Renter Occupied HU | 24 ( 1.5%) |
| Vacant Housing Units | 1,308 (81.4%) |
| Median Home Value | $1,010,638 |
| Average Home Value | $1,212,673 |
Housing Distribution
Address Breakdown
Residential
747
Single Family
747
Multi-Family
0
Businesses
81
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tim Meadowcroft • Long & Foster Real Estate, Inc.
Mls Name: Bright MLS
Mls Provider:
Mls ID: #DESU2080090