1 Andover Ln Unit B-16 · Lewes, DE 19958

$72,000

3 bd · 2.0 ba · 980 sqft · SingleFamily · 228 Days on market

Built 1987 Fair condition 4,356 sqft lot $73/sqft · 22% below area Est $92k · 22% under ↓ 10% since listing

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Why this score? — see what drove the B+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.2/10.0
• Livability +3.4/5.0
• Rent growth +2.7/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Seller says, "Bring an Offer!" Sussex East/West is a leased-land, 55-plus * community ( * up to 20% of owners may be younger than 55-years-old). Sussex East is located approximately 5.5 miles from the Lewes public beach, with the Cape Henlopen State Park beaches. .. and the famous Rehoboth Beach boardwalk not much farther away. This community has a unique location with direct access to the State Park’s hiking/biking trail through common grounds! This spacious 14’x70’ singlewide features a 11’x20’ enclosed porch with vaulted ceilings. There’s a covered front porch, and there is an 11’x10’ open, rear deck that leads down to the patio and storage shed. The home’s living room, which has a coat closet, opens to the eat-in kitchen. Appliances include a fridge, dishwasher, gas range, and a built-in microwave. The hall laundry has a full-size, side-by-side washer & dryer set. Popular split bedroom plan. The main bedroom is at the rear of the house, and it has a double closet. The first full bath is just outside of the main bedroom, and it features a step-in shower. The other two bedrooms are near the second full bath, which also has a step-in shower. Natural gas. Gas force air heat, central AC & a portable AC unit for the sunroom. Storage shed. Being offered AS IS - needs a bit of TLC. Two pets are allowed in Sussex East, and they have a fenced dog park near the community’s indoor salt-water pool. (Note: Family & friends may always visit, but rentals and subletting are NOT permitted in this community). Leasehold interest: Current Lot Rent of $1,003/mt. (Lease will renew again on June 1, 2026 with any increase capped as per 25 Del. C. Sec. 7050-7054). Homeowner pays electric, water, sewer, fuel (metered natural gas), recycling & lawn maintenance. RHP, the community owner, requires an Application from the Buyer, with acceptance based on the following criteria: 1.)income verification, 2.)favorable credit bureau score, including evaluation of debt-to-income ratio, and 3.)clean criminal background check. Financing may be available to qualified borrowers from only a few Lenders that specialize in installment/chattel loans for manufactured homes on leased land. Closing costs will include a 3.75% transfer tax (DMV Doc Fee) & a Settlement Agent fee.

Key facts

• Covered front porch
• Fenced dog park
• Open rear deck

Tags

• DIRECT ACCESS TO STATE PARK
• COVERED FRONT PORCH
• OPEN REAR DECK
• FENCED DOG PARK
• INDOOR SALT-WATER POOL

🏷️ Possibly a rental listed for sale. The $72,000 price doesn't fit this home's estimated sale value (~$91,805) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $72k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $1k ($17k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $72k).
• Recommended offer: $63k (12.0% below list) — sets the bar for market timing.
• Cap rate 30.4% vs local median 1.7% in Lewes — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 67/100 on livability (#40 in DE) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, health & safety A+; Watch: commute F, cost of living F.
• Cape Henlopen School District (town): math 42% / reading 55% proficiency, ranked #5 of 26 in DE (top 19%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents flat; 818 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 4,354 units permitted in Sussex County in 2024 (344 in 5+ unit buildings).
• This rent runs 30% of the median local income ($97k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $498 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Sussex County population projected at +25% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 0.8% rent growth), your $20k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 228 days — a 12% lower offer ($63k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $63,360 (12.0% below list)

Questions for the listing agent

1. It's been on market 228 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 3.42% ✓
• Cap rate: 30.44%
• Cash-on-cash: 86.22%
• DSCR: 4.84
• GRM: 2.4

CMA / ARV

• ARV (median comp): $91,805
• List price: $72,000
• Delta: -21.57%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
17614 Caroline Dr #17272	0.19mi	3/1.5	988 (+1%)	2mo	$65,000	$66	86
30 Bristol Way Unit A-71	0.04mi	2/2.0 (-1)	924 (-6%)	2mo	$65,000	$70	82
15 Bristol Way #36841	0.10mi	2/2.0 (-1)	980 (0%)	10mo	$97,000	$99	81
31602 Dogwood Ct	0.08mi	2/1.5 (-1)	924 (-6%)	6mo	$43,000	$47	75
17 Brunswick Ln	0.11mi	3/2.0	1,100 (+12%)	3mo	$82,000	$75	72
31700 Sycamore Ct #38603	0.16mi	2/1.0 (-1)	1,024 (+4%)	8mo	$32,000	$31	69
31690 Janice Rd #54514	0.42mi	3/2.0	1,014 (+4%)	8mo	$82,500	$81	68
32000 Janice Rd #42942	0.60mi	3/1.0	980 (0%)	0mo	$58,000	$59	68
12 Brunswick Ln Unit D-15	0.10mi	2/2.0 (-1)	1,064 (+9%)	13mo	$89,900	$84	65
17611 Ebb Tide Dr	0.18mi	3/1.5	840 (-14%)	2mo	$85,000	$101	64
31582 Janice Rd #54584	0.26mi	2/2.0 (-1)	924 (-6%)	13mo	$69,900	$76	62
31715 Sycamore Ct Unit H-48	0.17mi	2/1.0 (-1)	896 (-9%)	11mo	$67,000	$75	60

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.77% rent growth · sell at horizon

5-year hold

• IRR: 84.2%
• Equity multiple: 4.73×
• Total profit: $75,223
• Equity at exit: $10,735

10-year hold

• IRR: 86.9%
• Equity multiple: 9.10×
• Total profit: $163,235
• Equity at exit: $6,225

Cash invested: $20,160 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 70 Landlord-Friendly
• State Delaware: 70 Landlord-Friendly · D+7
• County: — inherits STATE
• City: — inherits STATE

Court of Common Pleas hears L&T; moderate-paced. No state rent control.

Methodology + full state rankings →

ZIP-level market 19958

• Rents YoY: 0.8%
• Active inventory: 818
• Price-to-rent: 2.4×

Monthly cashflow live

• Estimated rent: $2,463 medium
• Mortgage (P&I): −$378
• Tax est. 1.5%: −$90 /mo · $1,080/yr
• Insurance: −$30
• HOA: −$0
• Vacancy / Maint / Mgmt: −$517
• Net cashflow: $1,449

Break-even live

Break-even rent $630

Max offer price $72,000

Occupancy floor 36%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $18,000
• Closing costs: $2,160
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
12001 Old Vine Blvd Lewes, DE	1.0–2.0	1.0–2.0	987	$3,055	$3.10	13d	17	0.50mi

Listing history 24 events

1. 2026-06-18
   days on market $72,000 Active 228 DOM
2. 2026-06-17
   days on market $72,000 Active 227 DOM
3. 2026-06-16
   days on market $72,000 Active 226 DOM
4. 2026-06-15
   days on market $72,000 Active 225 DOM
5. 2026-06-14
   days on market $72,000 Active 223 DOM
6. 2026-06-13
   pricedays on market $72,000 Active 222 DOM
7. 2026-06-10
   days on market $76,000 Active 220 DOM
8. 2026-06-09
   days on market $76,000 Active 219 DOM
9. 2026-06-08
   days on market $76,000 Active 218 DOM
10. 2026-06-07
    days on market $76,000 Active 217 DOM
11. 2026-06-05
    days on market $76,000 Active 214 DOM
12. 2026-06-03
    days on market $76,000 Active 213 DOM
13. 2026-06-02
    days on market $76,000 Active 212 DOM
14. 2026-06-01
    days on market $76,000 Active 211 DOM
15. 2026-05-31
    days on market $76,000 Active 210 DOM
16. 2026-05-30
    days on market $76,000 Active 209 DOM
17. 2026-05-19
    price $76,000 2375-char remark

    Show marketing remark (2375 chars)

    Seller says, "Bring an Offer!" Sussex East/West is a leased-land, 55-plus * community ( * up to 20% of owners may be younger than 55-years-old). Sussex East is located approximately 5.5 miles from the Lewes public beach, with the Cape Henlopen State Park beaches. .. and the famous Rehoboth Beach boardwalk not much farther away. This community has a unique location with direct access to the State Park’s hiking/biking trail through common grounds! This spacious 14’x70’ singlewide features a 11’x20’ enclosed porch with vaulted ceilings. There’s a covered front porch, and there is an 11’x10’ open, rear deck that leads down to the patio and storage shed. The home’s living room, which has a coat closet, opens to the eat-in kitchen. Appliances include a fridge, dishwasher, gas range, and a built-in microwave. The hall laundry has a full-size, side-by-side washer & dryer set. Popular split bedroom plan. The main bedroom is at the rear of the house, and it has a double closet. The first full bath is just outside of the main bedroom, and it features a step-in shower. The other two bedrooms are near the second full bath, which also has a step-in shower. Natural gas. Gas force air heat, central AC & a portable AC unit for the sunroom. Storage shed. Being offered AS IS - needs a bit of TLC. Two pets are allowed in Sussex East, and they have a fenced dog park near the community’s indoor salt-water pool. (Note: Family & friends may always visit, but rentals and subletting are NOT permitted in this community). Leasehold interest: Current Lot Rent of $1,003/mt. (Lease will renew again on June 1, 2026 with any increase capped as per 25 Del. C. Sec. 7050-7054). Homeowner pays electric, water, sewer, fuel (metered natural gas), recycling & lawn maintenance. RHP, the community owner, requires an Application from the Buyer, with acceptance based on the following criteria: 1.)income verification, 2.)favorable credit bureau score, including evaluation of debt-to-income ratio, and 3.)clean criminal background check. Financing may be available to qualified borrowers from only a few Lenders that specialize in installment/chattel loans for manufactured homes on leased land. Closing costs will include a 3.75% transfer tax (DMV Doc Fee) & a Settlement Agent fee.

18. 2026-04-21
    price $78,400 2375-char remark

    Show marketing remark (2375 chars)

    Seller says, "Bring an Offer!" Sussex East/West is a leased-land, 55-plus * community ( * up to 20% of owners may be younger than 55-years-old). Sussex East is located approximately 5.5 miles from the Lewes public beach, with the Cape Henlopen State Park beaches. .. and the famous Rehoboth Beach boardwalk not much farther away. This community has a unique location with direct access to the State Park’s hiking/biking trail through common grounds! This spacious 14’x70’ singlewide features a 11’x20’ enclosed porch with vaulted ceilings. There’s a covered front porch, and there is an 11’x10’ open, rear deck that leads down to the patio and storage shed. The home’s living room, which has a coat closet, opens to the eat-in kitchen. Appliances include a fridge, dishwasher, gas range, and a built-in microwave. The hall laundry has a full-size, side-by-side washer & dryer set. Popular split bedroom plan. The main bedroom is at the rear of the house, and it has a double closet. The first full bath is just outside of the main bedroom, and it features a step-in shower. The other two bedrooms are near the second full bath, which also has a step-in shower. Natural gas. Gas force air heat, central AC & a portable AC unit for the sunroom. Storage shed. Being offered AS IS - needs a bit of TLC. Two pets are allowed in Sussex East, and they have a fenced dog park near the community’s indoor salt-water pool. (Note: Family & friends may always visit, but rentals and subletting are NOT permitted in this community). Leasehold interest: Current Lot Rent of $1,003/mt. (Lease will renew again on June 1, 2026 with any increase capped as per 25 Del. C. Sec. 7050-7054). Homeowner pays electric, water, sewer, fuel (metered natural gas), recycling & lawn maintenance. RHP, the community owner, requires an Application from the Buyer, with acceptance based on the following criteria: 1.)income verification, 2.)favorable credit bureau score, including evaluation of debt-to-income ratio, and 3.)clean criminal background check. Financing may be available to qualified borrowers from only a few Lenders that specialize in installment/chattel loans for manufactured homes on leased land. Closing costs will include a 3.75% transfer tax (DMV Doc Fee) & a Settlement Agent fee.

19. 2026-03-30
    price $79,900 2375-char remark

    Show marketing remark (2375 chars)

    Seller says, "Bring an Offer!" Sussex East/West is a leased-land, 55-plus * community ( * up to 20% of owners may be younger than 55-years-old). Sussex East is located approximately 5.5 miles from the Lewes public beach, with the Cape Henlopen State Park beaches. .. and the famous Rehoboth Beach boardwalk not much farther away. This community has a unique location with direct access to the State Park’s hiking/biking trail through common grounds! This spacious 14’x70’ singlewide features a 11’x20’ enclosed porch with vaulted ceilings. There’s a covered front porch, and there is an 11’x10’ open, rear deck that leads down to the patio and storage shed. The home’s living room, which has a coat closet, opens to the eat-in kitchen. Appliances include a fridge, dishwasher, gas range, and a built-in microwave. The hall laundry has a full-size, side-by-side washer & dryer set. Popular split bedroom plan. The main bedroom is at the rear of the house, and it has a double closet. The first full bath is just outside of the main bedroom, and it features a step-in shower. The other two bedrooms are near the second full bath, which also has a step-in shower. Natural gas. Gas force air heat, central AC & a portable AC unit for the sunroom. Storage shed. Being offered AS IS - needs a bit of TLC. Two pets are allowed in Sussex East, and they have a fenced dog park near the community’s indoor salt-water pool. (Note: Family & friends may always visit, but rentals and subletting are NOT permitted in this community). Leasehold interest: Current Lot Rent of $1,003/mt. (Lease will renew again on June 1, 2026 with any increase capped as per 25 Del. C. Sec. 7050-7054). Homeowner pays electric, water, sewer, fuel (metered natural gas), recycling & lawn maintenance. RHP, the community owner, requires an Application from the Buyer, with acceptance based on the following criteria: 1.)income verification, 2.)favorable credit bureau score, including evaluation of debt-to-income ratio, and 3.)clean criminal background check. Financing may be available to qualified borrowers from only a few Lenders that specialize in installment/chattel loans for manufactured homes on leased land. Closing costs will include a 3.75% transfer tax (DMV Doc Fee) & a Settlement Agent fee.

20. 2026-03-23
    price $81,500 2375-char remark

    Show marketing remark (2375 chars)

    Seller says, "Bring an Offer!" Sussex East/West is a leased-land, 55-plus * community ( * up to 20% of owners may be younger than 55-years-old). Sussex East is located approximately 5.5 miles from the Lewes public beach, with the Cape Henlopen State Park beaches. .. and the famous Rehoboth Beach boardwalk not much farther away. This community has a unique location with direct access to the State Park’s hiking/biking trail through common grounds! This spacious 14’x70’ singlewide features a 11’x20’ enclosed porch with vaulted ceilings. There’s a covered front porch, and there is an 11’x10’ open, rear deck that leads down to the patio and storage shed. The home’s living room, which has a coat closet, opens to the eat-in kitchen. Appliances include a fridge, dishwasher, gas range, and a built-in microwave. The hall laundry has a full-size, side-by-side washer & dryer set. Popular split bedroom plan. The main bedroom is at the rear of the house, and it has a double closet. The first full bath is just outside of the main bedroom, and it features a step-in shower. The other two bedrooms are near the second full bath, which also has a step-in shower. Natural gas. Gas force air heat, central AC & a portable AC unit for the sunroom. Storage shed. Being offered AS IS - needs a bit of TLC. Two pets are allowed in Sussex East, and they have a fenced dog park near the community’s indoor salt-water pool. (Note: Family & friends may always visit, but rentals and subletting are NOT permitted in this community). Leasehold interest: Current Lot Rent of $1,003/mt. (Lease will renew again on June 1, 2026 with any increase capped as per 25 Del. C. Sec. 7050-7054). Homeowner pays electric, water, sewer, fuel (metered natural gas), recycling & lawn maintenance. RHP, the community owner, requires an Application from the Buyer, with acceptance based on the following criteria: 1.)income verification, 2.)favorable credit bureau score, including evaluation of debt-to-income ratio, and 3.)clean criminal background check. Financing may be available to qualified borrowers from only a few Lenders that specialize in installment/chattel loans for manufactured homes on leased land. Closing costs will include a 3.75% transfer tax (DMV Doc Fee) & a Settlement Agent fee.

21. 2026-02-25
    price $82,300 2375-char remark

    Show marketing remark (2375 chars)

    Seller says, "Bring an Offer!" Sussex East/West is a leased-land, 55-plus * community ( * up to 20% of owners may be younger than 55-years-old). Sussex East is located approximately 5.5 miles from the Lewes public beach, with the Cape Henlopen State Park beaches. .. and the famous Rehoboth Beach boardwalk not much farther away. This community has a unique location with direct access to the State Park’s hiking/biking trail through common grounds! This spacious 14’x70’ singlewide features a 11’x20’ enclosed porch with vaulted ceilings. There’s a covered front porch, and there is an 11’x10’ open, rear deck that leads down to the patio and storage shed. The home’s living room, which has a coat closet, opens to the eat-in kitchen. Appliances include a fridge, dishwasher, gas range, and a built-in microwave. The hall laundry has a full-size, side-by-side washer & dryer set. Popular split bedroom plan. The main bedroom is at the rear of the house, and it has a double closet. The first full bath is just outside of the main bedroom, and it features a step-in shower. The other two bedrooms are near the second full bath, which also has a step-in shower. Natural gas. Gas force air heat, central AC & a portable AC unit for the sunroom. Storage shed. Being offered AS IS - needs a bit of TLC. Two pets are allowed in Sussex East, and they have a fenced dog park near the community’s indoor salt-water pool. (Note: Family & friends may always visit, but rentals and subletting are NOT permitted in this community). Leasehold interest: Current Lot Rent of $1,003/mt. (Lease will renew again on June 1, 2026 with any increase capped as per 25 Del. C. Sec. 7050-7054). Homeowner pays electric, water, sewer, fuel (metered natural gas), recycling & lawn maintenance. RHP, the community owner, requires an Application from the Buyer, with acceptance based on the following criteria: 1.)income verification, 2.)favorable credit bureau score, including evaluation of debt-to-income ratio, and 3.)clean criminal background check. Financing may be available to qualified borrowers from only a few Lenders that specialize in installment/chattel loans for manufactured homes on leased land. Closing costs will include a 3.75% transfer tax (DMV Doc Fee) & a Settlement Agent fee.

22. 2026-01-15
    price $82,400 2375-char remark

    Show marketing remark (2375 chars)

    Seller says, "Bring an Offer!" Sussex East/West is a leased-land, 55-plus * community ( * up to 20% of owners may be younger than 55-years-old). Sussex East is located approximately 5.5 miles from the Lewes public beach, with the Cape Henlopen State Park beaches. .. and the famous Rehoboth Beach boardwalk not much farther away. This community has a unique location with direct access to the State Park’s hiking/biking trail through common grounds! This spacious 14’x70’ singlewide features a 11’x20’ enclosed porch with vaulted ceilings. There’s a covered front porch, and there is an 11’x10’ open, rear deck that leads down to the patio and storage shed. The home’s living room, which has a coat closet, opens to the eat-in kitchen. Appliances include a fridge, dishwasher, gas range, and a built-in microwave. The hall laundry has a full-size, side-by-side washer & dryer set. Popular split bedroom plan. The main bedroom is at the rear of the house, and it has a double closet. The first full bath is just outside of the main bedroom, and it features a step-in shower. The other two bedrooms are near the second full bath, which also has a step-in shower. Natural gas. Gas force air heat, central AC & a portable AC unit for the sunroom. Storage shed. Being offered AS IS - needs a bit of TLC. Two pets are allowed in Sussex East, and they have a fenced dog park near the community’s indoor salt-water pool. (Note: Family & friends may always visit, but rentals and subletting are NOT permitted in this community). Leasehold interest: Current Lot Rent of $1,003/mt. (Lease will renew again on June 1, 2026 with any increase capped as per 25 Del. C. Sec. 7050-7054). Homeowner pays electric, water, sewer, fuel (metered natural gas), recycling & lawn maintenance. RHP, the community owner, requires an Application from the Buyer, with acceptance based on the following criteria: 1.)income verification, 2.)favorable credit bureau score, including evaluation of debt-to-income ratio, and 3.)clean criminal background check. Financing may be available to qualified borrowers from only a few Lenders that specialize in installment/chattel loans for manufactured homes on leased land. Closing costs will include a 3.75% transfer tax (DMV Doc Fee) & a Settlement Agent fee.

23. 2025-12-12
    price $82,500 2375-char remark

    Show marketing remark (2375 chars)

    Seller says, "Bring an Offer!" Sussex East/West is a leased-land, 55-plus * community ( * up to 20% of owners may be younger than 55-years-old). Sussex East is located approximately 5.5 miles from the Lewes public beach, with the Cape Henlopen State Park beaches. .. and the famous Rehoboth Beach boardwalk not much farther away. This community has a unique location with direct access to the State Park’s hiking/biking trail through common grounds! This spacious 14’x70’ singlewide features a 11’x20’ enclosed porch with vaulted ceilings. There’s a covered front porch, and there is an 11’x10’ open, rear deck that leads down to the patio and storage shed. The home’s living room, which has a coat closet, opens to the eat-in kitchen. Appliances include a fridge, dishwasher, gas range, and a built-in microwave. The hall laundry has a full-size, side-by-side washer & dryer set. Popular split bedroom plan. The main bedroom is at the rear of the house, and it has a double closet. The first full bath is just outside of the main bedroom, and it features a step-in shower. The other two bedrooms are near the second full bath, which also has a step-in shower. Natural gas. Gas force air heat, central AC & a portable AC unit for the sunroom. Storage shed. Being offered AS IS - needs a bit of TLC. Two pets are allowed in Sussex East, and they have a fenced dog park near the community’s indoor salt-water pool. (Note: Family & friends may always visit, but rentals and subletting are NOT permitted in this community). Leasehold interest: Current Lot Rent of $1,003/mt. (Lease will renew again on June 1, 2026 with any increase capped as per 25 Del. C. Sec. 7050-7054). Homeowner pays electric, water, sewer, fuel (metered natural gas), recycling & lawn maintenance. RHP, the community owner, requires an Application from the Buyer, with acceptance based on the following criteria: 1.)income verification, 2.)favorable credit bureau score, including evaluation of debt-to-income ratio, and 3.)clean criminal background check. Financing may be available to qualified borrowers from only a few Lenders that specialize in installment/chattel loans for manufactured homes on leased land. Closing costs will include a 3.75% transfer tax (DMV Doc Fee) & a Settlement Agent fee.

24. 2025-11-02
    listed $84,900 Active 2375-char remark

    Show marketing remark (2375 chars)

    Seller says, "Bring an Offer!" Sussex East/West is a leased-land, 55-plus * community ( * up to 20% of owners may be younger than 55-years-old). Sussex East is located approximately 5.5 miles from the Lewes public beach, with the Cape Henlopen State Park beaches. .. and the famous Rehoboth Beach boardwalk not much farther away. This community has a unique location with direct access to the State Park’s hiking/biking trail through common grounds! This spacious 14’x70’ singlewide features a 11’x20’ enclosed porch with vaulted ceilings. There’s a covered front porch, and there is an 11’x10’ open, rear deck that leads down to the patio and storage shed. The home’s living room, which has a coat closet, opens to the eat-in kitchen. Appliances include a fridge, dishwasher, gas range, and a built-in microwave. The hall laundry has a full-size, side-by-side washer & dryer set. Popular split bedroom plan. The main bedroom is at the rear of the house, and it has a double closet. The first full bath is just outside of the main bedroom, and it features a step-in shower. The other two bedrooms are near the second full bath, which also has a step-in shower. Natural gas. Gas force air heat, central AC & a portable AC unit for the sunroom. Storage shed. Being offered AS IS - needs a bit of TLC. Two pets are allowed in Sussex East, and they have a fenced dog park near the community’s indoor salt-water pool. (Note: Family & friends may always visit, but rentals and subletting are NOT permitted in this community). Leasehold interest: Current Lot Rent of $1,003/mt. (Lease will renew again on June 1, 2026 with any increase capped as per 25 Del. C. Sec. 7050-7054). Homeowner pays electric, water, sewer, fuel (metered natural gas), recycling & lawn maintenance. RHP, the community owner, requires an Application from the Buyer, with acceptance based on the following criteria: 1.)income verification, 2.)favorable credit bureau score, including evaluation of debt-to-income ratio, and 3.)clean criminal background check. Financing may be available to qualified borrowers from only a few Lenders that specialize in installment/chattel loans for manufactured homes on leased land. Closing costs will include a 3.75% transfer tax (DMV Doc Fee) & a Settlement Agent fee.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥101°F today · 19 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,562
• − Mortgage interest: −$4,033
• − Property taxes: −$1,080
• − Insurance: −$360
• − Repairs & maintenance: −$2,365
• − Management: −$2,365
• − Depreciation: −$2,095
• Taxable income: $17,264
• Est. tax owed @ 24.0%: −$4,143
• After-tax cash flow: $13,239/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Fair 45/100 Moderate rehab

This singlewide mobile home requires moderate repairs and updates to its kitchen and bathrooms, as well as some exterior work. The home is located in a desirable community with access to beaches and parks, making it a good investment opportunity.

Repairs flagged

• Moderate kitchen cabinets — dated and in need of updating
• Moderate bathroom fixtures — dated and in need of updating
• Moderate exterior siding — visible wear and tear

Value-add opportunities

• Resale update kitchen cabinets and fixtures — modernizing the kitchen will attract more buyers
• Resale update bathroom fixtures and flooring — modernizing the bathroom will attract more buyers
• Both paint interior walls — improves the overall appearance and can be done inexpensively
• Both replace carpeted flooring with hardwood or tile — improves the overall appearance and can be done inexpensively
• Both repair and paint exterior siding — improves the overall appearance and can be done inexpensively

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · dated and in need of updating	Moderate	$3,000–15,000
bathroom fixtures · dated and in need of updating	Moderate	$3,000–15,000
exterior siding · visible wear and tear	Moderate	$3,000–15,000
Total estimated repair cost · 3 items		$9,000–45,000

Value-add ROI direction

• Resale update kitchen cabinets and fixtures — modernizing the kitchen will attract more buyers ↑
• Resale update bathroom fixtures and flooring — modernizing the bathroom will attract more buyers ↑
• Both paint interior walls — improves the overall appearance and can be done inexpensively ↑
• Both replace carpeted flooring with hardwood or tile — improves the overall appearance and can be done inexpensively ↑
• Both repair and paint exterior siding — improves the overall appearance and can be done inexpensively ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Cape Henlopen School District
• NCES district ID: 1000170
• Math proficiency: 42% ▼ -14.00%
• Reading proficiency: 55% ▼ -10.00%
• Median HH income: $60,196
• Composite: 42.47/100
• National rank: #3214
• State rank: #5 of 26 in DE

Livability — Lewes

• Score: 67/100
• State rank: #40
• US rank: #11077

Category grades

Amenities B- Commute F Cost of living F Crime A+ Employment A+ Housing C+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Sussex County · 82,708 people
• City population: 31,938
• Metro: Salisbury, MD-DE
• Population (ZIP): 31,938
• Household income: $97,197
• Rent vs Own: 16.0% rent · 84.0% own
• Severe rent burden: 545.0

Population outlook (Sussex County) Hauer SSP2

• Today (2025): 248,853 people
• By 2030: 264,464 · +6.3%
• By 2040: 290,980 · +16.9%
• By 2050: 311,259 · +25.1%
• By 2075: 352,488 · +41.6%
• By 2100: 367,406 · +47.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Two or more races 6% Hispanic / Latino 4% Black 2% Asian 2%
• Common ancestry: Romanian 6% Slovak 3% Italian 2%
• Foreign-born: 6% · Canada
• Languages at home: 93% English-only · Spanish 3% Other Indo-European 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Sussex

• 2024 margin: R (+11.0) · D 43.9% · R 54.9% · Other 1.2%
• 2008→2024 swing: -2.4pp toward R · 2008: -8.6pp · 2024: -11.0pp
• All cycles: 2024: R+11.0 2020: R+11.2 2016: R+22.0 2012: R+13.0 2008: R+8.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -204.07%
• Current HPI: 299.0736
• Rent YoY: ▲ 0.77%
• Metro: Salisbury, MD-DE
• State GDP YoY: —
• F500 in state: 0

Price history

-10.5% since first listed

8 events — show timeline

• 2026-05-19 Price Changed $76,000 BRIGHT MLS
• 2026-04-21 Price Changed $78,400 BRIGHT MLS
• 2026-03-30 Price Changed $79,900 BRIGHT MLS
• 2026-03-23 Price Changed $81,500 BRIGHT MLS
• 2026-02-25 Price Changed $82,300 BRIGHT MLS
• 2026-01-15 Price Changed $82,400 BRIGHT MLS
• 2025-12-12 Price Changed $82,500 BRIGHT MLS
• 2025-11-02 Listed $84,900 BRIGHT MLS