42 Branchwood Dr · Rehoboth Beach, DE 19971

$284,995

3 bd · 2.0 ba · 1,624 sqft · Manufactured public records · 395 Days on market

Built 2012 4,356 sqft lot $175/sqft · at area comps Est $296k · at est. ↓ 5% since listing

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Why this score? — see what drove the D+ 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 +17.1/30.0
• ARV discount +9.2/15.0
• DSCR +5.3/10.0
• 1% rule +4.6/10.0
• Schools +4.2/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This spacious house, with pretty landscaping, is just a few doors away from the community pool, and it is only 3 miles from the Rehoboth boardwalk and beaches. With four bedrooms and 1,624 sq. ft. of living space, this could be your ideal permanent residence or an elegant beach get-away. The living room, with an electric fireplace, opens to the nicely-appointed kitchen. The kitchen features a tile backsplace and a center island for more prep space. The crisp black appliance package includes a fridge with ice maker, a smooth-top electric range, built-in microwave, and a dishwasher. The kitchen adjoins the dining area, which has a buffet/sideboard area with extra counter space and cabinetry. The laundry area is next to the kitchen and it has a full-size side-by-side washer and dryer. The family room is at the rear of the house. The French door lead out to the expansive covered porch. The family room also has an electric fireplace. The main bedroom is en Suite with a walk-in shower, double-sink vanity, and a linen closet. The second full bath has a tub shower, and is located near bedrooms #2 & #3. The fourth bedroom is at the rear of the home, so it feels like a mini suite because it adjoins the family room. Lennox electric forced air heat, central AC & ceiling fans. Cute cottage-style outdoor storage shed. Silver View Farm is close to the beaches, shopping, & restaurants. The DART Bus Park-n-Ride is just down the road if you don’t feel like hunting for parking at the beach. Annually renewable leasehold interest: Lot Rent of $760.71/mt. includes water & trash/recycle service (Lease renews annually on Jan. 1 with any increase capped per law – 25 Del. C. Sec. 7050-7054). Homeowner pays electric, sewer, cable/Internet (Xfinity) & lawn service. Silver View Farm allows 2 pets – no dog breed restriction per a newer DE law. Pool membership is optional (approx. $175/person with discounted group packages). A Park Application ($72/person) is required for all adults who will occupy the home for 14 or more consecutive days. Buyers are accepted as a Resident in Silver View Farm based on the following criteria: 1.)income verification, 2.)high credit bureau score, 3.)evaluation of debt-to-income ratio, and 4.)criminal background check. Note: Rentals are NOT permitted in this community - but friends & family are welcome to visit you. Financing may be available to qualified borrowers from only a very few Lenders that specialize in installment/chattel loans for manufactured homes on leased land. Closing costs will include a 3.75% “real estate transfer tax” (DMV Doc Fee) & a Settlement Agent Fee.

Key facts

• En suite
• Walk-in shower
• Electric fireplace

Tags

• ELECTRIC FIREPLACE
• TILE BACKSPLASH
• CENTER ISLAND
• EXPANSIVE COVERED PORCH
• EN SUITE
• WALK-IN SHOWER

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $285k.

Deal economics

• At list price, monthly cash flow is $199 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $275k (3.7% below list).
• Recommended offer: $251k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.1% vs local median 1.1% in Rehoboth Beach — 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 71/100 on livability (#20 in DE) — a middle-class / working-renter tenant base. Strengths: schools A+, amenities A+, employment A+; Watch: crime F, 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: 331 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 4,354 units permitted in Sussex County in 2024 (344 in 5+ unit buildings).
• This rent runs 32% of the median local income ($102k/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 $2k of loan paydown is wiped out by about $9k 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.

Negotiation context

• It's been on market 395 days — a 12% lower offer ($251k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $15k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $250,795 (12.0% below list)

Questions for the listing agent

1. It's been on market 395 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-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?
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. 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.
8. 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.
9. 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: 0.96% ✗
• Cap rate: 7.13%
• Cash-on-cash: 3.00%
• DSCR: 1.13
• GRM: 8.7

CMA / ARV

• ARV (median comp): $295,863
• List price: $284,995
• Delta: -3.67%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -11.6%
• Equity multiple: 0.58×
• Total profit: $-33,448
• Equity at exit: $42,494

10-year hold

• IRR: -2.3%
• Equity multiple: 0.84×
• Total profit: $-12,614
• Equity at exit: $24,641

Cash invested: $79,799 (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 19971

• Active inventory: 331
• Price-to-rent: 8.7×

Monthly cashflow live

• Estimated rent: $2,745 high
• Mortgage (P&I): −$1,495
• Tax est. 1.5%: −$356 /mo · $4,275/yr
• Insurance: −$119
• HOA: −$0
• Vacancy / Maint / Mgmt: −$577
• Net cashflow: $199

Break-even live

Break-even rent $2,493

Max offer price $284,995

Occupancy floor 88%

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: $71,249
• Closing costs: $8,550
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
20327 Mallory Ct Rehoboth Beach, DE	4.0	3.0	1920	$2,450	$1.28	44d	1	0.72mi
3500 Sanibel Cir #3516 Rehoboth Beach, DE	2.0	2.0	1150	$2,000	$1.74	21d	1	0.85mi
3300 Sanibel Cir #3301 Rehoboth Beach, DE	3.0	2.0	1395	$2,100	$1.51	44d	1	0.89mi
37264 Sea Coast Ct #13 Rehoboth Beach, DE	3.0	3.5	2100	$2,200	$1.05	21d	1	1.04mi
32015 Nathan Hale Dr #1 Rehoboth Beach, DE	3.0	2.0	2040	$3,600	$1.76	44d	1	1.23mi
113 Loganberry Ln Rehoboth Beach, DE	3.0	2.0	1629	$2,900	$1.78	13d	1	1.39mi

Listing history 24 events

1. 2026-06-18
   days on market $284,995 Active 395 DOM
2. 2026-06-17
   days on market $284,995 Active 394 DOM
3. 2026-06-16
   days on market $284,995 Active 393 DOM
4. 2026-06-15
   days on market $284,995 Active 392 DOM
5. 2026-06-14
   days on market $284,995 Active 390 DOM
6. 2026-06-13
   days on market $284,995 Active 389 DOM
7. 2026-06-10
   days on market $284,995 Active 387 DOM
8. 2026-06-09
   days on market $284,995 Active 386 DOM
9. 2026-06-08
   days on market $284,995 Active 385 DOM
10. 2026-06-07
    days on market $284,995 Active 384 DOM
11. 2026-06-05
    days on market $284,995 Active 381 DOM
12. 2026-06-03
    days on market $284,995 Active 380 DOM
13. 2026-06-02
    days on market $284,995 Active 379 DOM
14. 2026-06-01
    days on market $284,995 Active 378 DOM
15. 2026-05-31
    days on market $284,995 Active 377 DOM
16. 2026-05-30
    days on market $284,995 Active 376 DOM
17. 2026-05-19
    price $284,995 2692-char remark

    Show marketing remark (2692 chars)

    This spacious house, with pretty landscaping, is just a few doors away from the community pool, and it is only 3 miles from the Rehoboth boardwalk and beaches. With four bedrooms and 1,624 sq. ft. of living space, this could be your ideal permanent residence or an elegant beach get-away. The living room, with an electric fireplace, opens to the nicely-appointed kitchen. The kitchen features a tile backsplace and a center island for more prep space. The crisp black appliance package includes a fridge with ice maker, a smooth-top electric range, built-in microwave, and a dishwasher. The kitchen adjoins the dining area, which has a buffet/sideboard area with extra counter space and cabinetry. The laundry area is next to the kitchen and it has a full-size side-by-side washer and dryer. The family room is at the rear of the house. The French door lead out to the expansive covered porch. The family room also has an electric fireplace. The main bedroom is en Suite with a walk-in shower, double-sink vanity, and a linen closet. The second full bath has a tub shower, and is located near bedrooms #2 & #3. The fourth bedroom is at the rear of the home, so it feels like a mini suite because it adjoins the family room. Lennox electric forced air heat, central AC & ceiling fans. Cute cottage-style outdoor storage shed. Silver View Farm is close to the beaches, shopping, & restaurants. The DART Bus Park-n-Ride is just down the road if you don’t feel like hunting for parking at the beach. Annually renewable leasehold interest: Lot Rent of $760.71/mt. includes water & trash/recycle service (Lease renews annually on Jan. 1 with any increase capped per law – 25 Del. C. Sec. 7050-7054). Homeowner pays electric, sewer, cable/Internet (Xfinity) & lawn service. Silver View Farm allows 2 pets – no dog breed restriction per a newer DE law. Pool membership is optional (approx. $175/person with discounted group packages). A Park Application ($72/person) is required for all adults who will occupy the home for 14 or more consecutive days. Buyers are accepted as a Resident in Silver View Farm based on the following criteria: 1.)income verification, 2.)high credit bureau score, 3.)evaluation of debt-to-income ratio, and 4.)criminal background check. Note: Rentals are NOT permitted in this community - but friends & family are welcome to visit you. Financing may be available to qualified borrowers from only a very few Lenders that specialize in installment/chattel loans for manufactured homes on leased land. Closing costs will include a 3.75% “real estate transfer tax” (DMV Doc Fee) & a Settlement Agent Fee.

18. 2026-04-14
    price $285,000 2692-char remark

    Show marketing remark (2692 chars)

    This spacious house, with pretty landscaping, is just a few doors away from the community pool, and it is only 3 miles from the Rehoboth boardwalk and beaches. With four bedrooms and 1,624 sq. ft. of living space, this could be your ideal permanent residence or an elegant beach get-away. The living room, with an electric fireplace, opens to the nicely-appointed kitchen. The kitchen features a tile backsplace and a center island for more prep space. The crisp black appliance package includes a fridge with ice maker, a smooth-top electric range, built-in microwave, and a dishwasher. The kitchen adjoins the dining area, which has a buffet/sideboard area with extra counter space and cabinetry. The laundry area is next to the kitchen and it has a full-size side-by-side washer and dryer. The family room is at the rear of the house. The French door lead out to the expansive covered porch. The family room also has an electric fireplace. The main bedroom is en Suite with a walk-in shower, double-sink vanity, and a linen closet. The second full bath has a tub shower, and is located near bedrooms #2 & #3. The fourth bedroom is at the rear of the home, so it feels like a mini suite because it adjoins the family room. Lennox electric forced air heat, central AC & ceiling fans. Cute cottage-style outdoor storage shed. Silver View Farm is close to the beaches, shopping, & restaurants. The DART Bus Park-n-Ride is just down the road if you don’t feel like hunting for parking at the beach. Annually renewable leasehold interest: Lot Rent of $760.71/mt. includes water & trash/recycle service (Lease renews annually on Jan. 1 with any increase capped per law – 25 Del. C. Sec. 7050-7054). Homeowner pays electric, sewer, cable/Internet (Xfinity) & lawn service. Silver View Farm allows 2 pets – no dog breed restriction per a newer DE law. Pool membership is optional (approx. $175/person with discounted group packages). A Park Application ($72/person) is required for all adults who will occupy the home for 14 or more consecutive days. Buyers are accepted as a Resident in Silver View Farm based on the following criteria: 1.)income verification, 2.)high credit bureau score, 3.)evaluation of debt-to-income ratio, and 4.)criminal background check. Note: Rentals are NOT permitted in this community - but friends & family are welcome to visit you. Financing may be available to qualified borrowers from only a very few Lenders that specialize in installment/chattel loans for manufactured homes on leased land. Closing costs will include a 3.75% “real estate transfer tax” (DMV Doc Fee) & a Settlement Agent Fee.

19. 2026-03-04
    price $290,000 2692-char remark

    Show marketing remark (2692 chars)

    This spacious house, with pretty landscaping, is just a few doors away from the community pool, and it is only 3 miles from the Rehoboth boardwalk and beaches. With four bedrooms and 1,624 sq. ft. of living space, this could be your ideal permanent residence or an elegant beach get-away. The living room, with an electric fireplace, opens to the nicely-appointed kitchen. The kitchen features a tile backsplace and a center island for more prep space. The crisp black appliance package includes a fridge with ice maker, a smooth-top electric range, built-in microwave, and a dishwasher. The kitchen adjoins the dining area, which has a buffet/sideboard area with extra counter space and cabinetry. The laundry area is next to the kitchen and it has a full-size side-by-side washer and dryer. The family room is at the rear of the house. The French door lead out to the expansive covered porch. The family room also has an electric fireplace. The main bedroom is en Suite with a walk-in shower, double-sink vanity, and a linen closet. The second full bath has a tub shower, and is located near bedrooms #2 & #3. The fourth bedroom is at the rear of the home, so it feels like a mini suite because it adjoins the family room. Lennox electric forced air heat, central AC & ceiling fans. Cute cottage-style outdoor storage shed. Silver View Farm is close to the beaches, shopping, & restaurants. The DART Bus Park-n-Ride is just down the road if you don’t feel like hunting for parking at the beach. Annually renewable leasehold interest: Lot Rent of $760.71/mt. includes water & trash/recycle service (Lease renews annually on Jan. 1 with any increase capped per law – 25 Del. C. Sec. 7050-7054). Homeowner pays electric, sewer, cable/Internet (Xfinity) & lawn service. Silver View Farm allows 2 pets – no dog breed restriction per a newer DE law. Pool membership is optional (approx. $175/person with discounted group packages). A Park Application ($72/person) is required for all adults who will occupy the home for 14 or more consecutive days. Buyers are accepted as a Resident in Silver View Farm based on the following criteria: 1.)income verification, 2.)high credit bureau score, 3.)evaluation of debt-to-income ratio, and 4.)criminal background check. Note: Rentals are NOT permitted in this community - but friends & family are welcome to visit you. Financing may be available to qualified borrowers from only a very few Lenders that specialize in installment/chattel loans for manufactured homes on leased land. Closing costs will include a 3.75% “real estate transfer tax” (DMV Doc Fee) & a Settlement Agent Fee.

20. 2025-09-27
    price $295,000 2692-char remark

    Show marketing remark (2692 chars)

    This spacious house, with pretty landscaping, is just a few doors away from the community pool, and it is only 3 miles from the Rehoboth boardwalk and beaches. With four bedrooms and 1,624 sq. ft. of living space, this could be your ideal permanent residence or an elegant beach get-away. The living room, with an electric fireplace, opens to the nicely-appointed kitchen. The kitchen features a tile backsplace and a center island for more prep space. The crisp black appliance package includes a fridge with ice maker, a smooth-top electric range, built-in microwave, and a dishwasher. The kitchen adjoins the dining area, which has a buffet/sideboard area with extra counter space and cabinetry. The laundry area is next to the kitchen and it has a full-size side-by-side washer and dryer. The family room is at the rear of the house. The French door lead out to the expansive covered porch. The family room also has an electric fireplace. The main bedroom is en Suite with a walk-in shower, double-sink vanity, and a linen closet. The second full bath has a tub shower, and is located near bedrooms #2 & #3. The fourth bedroom is at the rear of the home, so it feels like a mini suite because it adjoins the family room. Lennox electric forced air heat, central AC & ceiling fans. Cute cottage-style outdoor storage shed. Silver View Farm is close to the beaches, shopping, & restaurants. The DART Bus Park-n-Ride is just down the road if you don’t feel like hunting for parking at the beach. Annually renewable leasehold interest: Lot Rent of $760.71/mt. includes water & trash/recycle service (Lease renews annually on Jan. 1 with any increase capped per law – 25 Del. C. Sec. 7050-7054). Homeowner pays electric, sewer, cable/Internet (Xfinity) & lawn service. Silver View Farm allows 2 pets – no dog breed restriction per a newer DE law. Pool membership is optional (approx. $175/person with discounted group packages). A Park Application ($72/person) is required for all adults who will occupy the home for 14 or more consecutive days. Buyers are accepted as a Resident in Silver View Farm based on the following criteria: 1.)income verification, 2.)high credit bureau score, 3.)evaluation of debt-to-income ratio, and 4.)criminal background check. Note: Rentals are NOT permitted in this community - but friends & family are welcome to visit you. Financing may be available to qualified borrowers from only a very few Lenders that specialize in installment/chattel loans for manufactured homes on leased land. Closing costs will include a 3.75% “real estate transfer tax” (DMV Doc Fee) & a Settlement Agent Fee.

21. 2025-08-16
    price $297,500 2692-char remark

    Show marketing remark (2692 chars)

    This spacious house, with pretty landscaping, is just a few doors away from the community pool, and it is only 3 miles from the Rehoboth boardwalk and beaches. With four bedrooms and 1,624 sq. ft. of living space, this could be your ideal permanent residence or an elegant beach get-away. The living room, with an electric fireplace, opens to the nicely-appointed kitchen. The kitchen features a tile backsplace and a center island for more prep space. The crisp black appliance package includes a fridge with ice maker, a smooth-top electric range, built-in microwave, and a dishwasher. The kitchen adjoins the dining area, which has a buffet/sideboard area with extra counter space and cabinetry. The laundry area is next to the kitchen and it has a full-size side-by-side washer and dryer. The family room is at the rear of the house. The French door lead out to the expansive covered porch. The family room also has an electric fireplace. The main bedroom is en Suite with a walk-in shower, double-sink vanity, and a linen closet. The second full bath has a tub shower, and is located near bedrooms #2 & #3. The fourth bedroom is at the rear of the home, so it feels like a mini suite because it adjoins the family room. Lennox electric forced air heat, central AC & ceiling fans. Cute cottage-style outdoor storage shed. Silver View Farm is close to the beaches, shopping, & restaurants. The DART Bus Park-n-Ride is just down the road if you don’t feel like hunting for parking at the beach. Annually renewable leasehold interest: Lot Rent of $760.71/mt. includes water & trash/recycle service (Lease renews annually on Jan. 1 with any increase capped per law – 25 Del. C. Sec. 7050-7054). Homeowner pays electric, sewer, cable/Internet (Xfinity) & lawn service. Silver View Farm allows 2 pets – no dog breed restriction per a newer DE law. Pool membership is optional (approx. $175/person with discounted group packages). A Park Application ($72/person) is required for all adults who will occupy the home for 14 or more consecutive days. Buyers are accepted as a Resident in Silver View Farm based on the following criteria: 1.)income verification, 2.)high credit bureau score, 3.)evaluation of debt-to-income ratio, and 4.)criminal background check. Note: Rentals are NOT permitted in this community - but friends & family are welcome to visit you. Financing may be available to qualified borrowers from only a very few Lenders that specialize in installment/chattel loans for manufactured homes on leased land. Closing costs will include a 3.75% “real estate transfer tax” (DMV Doc Fee) & a Settlement Agent Fee.

22. 2025-08-01
    status Active 2692-char remark

    Show marketing remark (2692 chars)

    This spacious house, with pretty landscaping, is just a few doors away from the community pool, and it is only 3 miles from the Rehoboth boardwalk and beaches. With four bedrooms and 1,624 sq. ft. of living space, this could be your ideal permanent residence or an elegant beach get-away. The living room, with an electric fireplace, opens to the nicely-appointed kitchen. The kitchen features a tile backsplace and a center island for more prep space. The crisp black appliance package includes a fridge with ice maker, a smooth-top electric range, built-in microwave, and a dishwasher. The kitchen adjoins the dining area, which has a buffet/sideboard area with extra counter space and cabinetry. The laundry area is next to the kitchen and it has a full-size side-by-side washer and dryer. The family room is at the rear of the house. The French door lead out to the expansive covered porch. The family room also has an electric fireplace. The main bedroom is en Suite with a walk-in shower, double-sink vanity, and a linen closet. The second full bath has a tub shower, and is located near bedrooms #2 & #3. The fourth bedroom is at the rear of the home, so it feels like a mini suite because it adjoins the family room. Lennox electric forced air heat, central AC & ceiling fans. Cute cottage-style outdoor storage shed. Silver View Farm is close to the beaches, shopping, & restaurants. The DART Bus Park-n-Ride is just down the road if you don’t feel like hunting for parking at the beach. Annually renewable leasehold interest: Lot Rent of $760.71/mt. includes water & trash/recycle service (Lease renews annually on Jan. 1 with any increase capped per law – 25 Del. C. Sec. 7050-7054). Homeowner pays electric, sewer, cable/Internet (Xfinity) & lawn service. Silver View Farm allows 2 pets – no dog breed restriction per a newer DE law. Pool membership is optional (approx. $175/person with discounted group packages). A Park Application ($72/person) is required for all adults who will occupy the home for 14 or more consecutive days. Buyers are accepted as a Resident in Silver View Farm based on the following criteria: 1.)income verification, 2.)high credit bureau score, 3.)evaluation of debt-to-income ratio, and 4.)criminal background check. Note: Rentals are NOT permitted in this community - but friends & family are welcome to visit you. Financing may be available to qualified borrowers from only a very few Lenders that specialize in installment/chattel loans for manufactured homes on leased land. Closing costs will include a 3.75% “real estate transfer tax” (DMV Doc Fee) & a Settlement Agent Fee.

23. 2025-05-28
    historical Active Under Contract 2692-char remark

    Show marketing remark (2692 chars)

    This spacious house, with pretty landscaping, is just a few doors away from the community pool, and it is only 3 miles from the Rehoboth boardwalk and beaches. With four bedrooms and 1,624 sq. ft. of living space, this could be your ideal permanent residence or an elegant beach get-away. The living room, with an electric fireplace, opens to the nicely-appointed kitchen. The kitchen features a tile backsplace and a center island for more prep space. The crisp black appliance package includes a fridge with ice maker, a smooth-top electric range, built-in microwave, and a dishwasher. The kitchen adjoins the dining area, which has a buffet/sideboard area with extra counter space and cabinetry. The laundry area is next to the kitchen and it has a full-size side-by-side washer and dryer. The family room is at the rear of the house. The French door lead out to the expansive covered porch. The family room also has an electric fireplace. The main bedroom is en Suite with a walk-in shower, double-sink vanity, and a linen closet. The second full bath has a tub shower, and is located near bedrooms #2 & #3. The fourth bedroom is at the rear of the home, so it feels like a mini suite because it adjoins the family room. Lennox electric forced air heat, central AC & ceiling fans. Cute cottage-style outdoor storage shed. Silver View Farm is close to the beaches, shopping, & restaurants. The DART Bus Park-n-Ride is just down the road if you don’t feel like hunting for parking at the beach. Annually renewable leasehold interest: Lot Rent of $760.71/mt. includes water & trash/recycle service (Lease renews annually on Jan. 1 with any increase capped per law – 25 Del. C. Sec. 7050-7054). Homeowner pays electric, sewer, cable/Internet (Xfinity) & lawn service. Silver View Farm allows 2 pets – no dog breed restriction per a newer DE law. Pool membership is optional (approx. $175/person with discounted group packages). A Park Application ($72/person) is required for all adults who will occupy the home for 14 or more consecutive days. Buyers are accepted as a Resident in Silver View Farm based on the following criteria: 1.)income verification, 2.)high credit bureau score, 3.)evaluation of debt-to-income ratio, and 4.)criminal background check. Note: Rentals are NOT permitted in this community - but friends & family are welcome to visit you. Financing may be available to qualified borrowers from only a very few Lenders that specialize in installment/chattel loans for manufactured homes on leased land. Closing costs will include a 3.75% “real estate transfer tax” (DMV Doc Fee) & a Settlement Agent Fee.

24. 2025-03-15
    listed $300,000 Active 2692-char remark

    Show marketing remark (2692 chars)

    This spacious house, with pretty landscaping, is just a few doors away from the community pool, and it is only 3 miles from the Rehoboth boardwalk and beaches. With four bedrooms and 1,624 sq. ft. of living space, this could be your ideal permanent residence or an elegant beach get-away. The living room, with an electric fireplace, opens to the nicely-appointed kitchen. The kitchen features a tile backsplace and a center island for more prep space. The crisp black appliance package includes a fridge with ice maker, a smooth-top electric range, built-in microwave, and a dishwasher. The kitchen adjoins the dining area, which has a buffet/sideboard area with extra counter space and cabinetry. The laundry area is next to the kitchen and it has a full-size side-by-side washer and dryer. The family room is at the rear of the house. The French door lead out to the expansive covered porch. The family room also has an electric fireplace. The main bedroom is en Suite with a walk-in shower, double-sink vanity, and a linen closet. The second full bath has a tub shower, and is located near bedrooms #2 & #3. The fourth bedroom is at the rear of the home, so it feels like a mini suite because it adjoins the family room. Lennox electric forced air heat, central AC & ceiling fans. Cute cottage-style outdoor storage shed. Silver View Farm is close to the beaches, shopping, & restaurants. The DART Bus Park-n-Ride is just down the road if you don’t feel like hunting for parking at the beach. Annually renewable leasehold interest: Lot Rent of $760.71/mt. includes water & trash/recycle service (Lease renews annually on Jan. 1 with any increase capped per law – 25 Del. C. Sec. 7050-7054). Homeowner pays electric, sewer, cable/Internet (Xfinity) & lawn service. Silver View Farm allows 2 pets – no dog breed restriction per a newer DE law. Pool membership is optional (approx. $175/person with discounted group packages). A Park Application ($72/person) is required for all adults who will occupy the home for 14 or more consecutive days. Buyers are accepted as a Resident in Silver View Farm based on the following criteria: 1.)income verification, 2.)high credit bureau score, 3.)evaluation of debt-to-income ratio, and 4.)criminal background check. Note: Rentals are NOT permitted in this community - but friends & family are welcome to visit you. Financing may be available to qualified borrowers from only a very few Lenders that specialize in installment/chattel loans for manufactured homes on leased land. Closing costs will include a 3.75% “real estate 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 6/10 Major FEMA zone X (shaded) · 70% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥101°F today · 18 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: $32,944
• − Mortgage interest: −$15,964
• − Property taxes: −$4,275
• − Insurance: −$1,425
• − Repairs & maintenance: −$2,636
• − Management: −$2,636
• − Depreciation: −$8,291
• Taxable loss: −$2,282
• Est. tax savings @ 24.0%: +$548
• After-tax cash flow: $2,939/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.

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 — Rehoboth Beach

• Score: 71/100
• State rank: #20
• US rank: #6520

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Sussex County · 82,708 people
• City population: 14,886
• Metro: Salisbury, MD-DE
• Population (ZIP): 14,886
• Household income: $102,146
• Rent vs Own: 13.2% rent · 86.8% own
• Severe rent burden: 317.0

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% Black 4% Two or more races 4% Hispanic / Latino 3% Asian 2%
• Common ancestry: Romanian 5% Slovak 3% Italian 3%
• Foreign-born: 6% · Canada, China
• Languages at home: 95% English-only · Spanish 2% Russian/Polish/Slavic 1% French/Haitian/Cajun 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: ▼ -220.39%
• Current HPI: 353.3977
• Rent YoY: —
• Metro: Salisbury, MD-DE
• State GDP YoY: —
• F500 in state: 0

Price history

-5.0% since first listed

8 events — show timeline

• 2026-05-19 Price Changed $284,995 BRIGHT MLS
• 2026-04-14 Price Changed $285,000 BRIGHT MLS
• 2026-03-04 Price Changed $290,000 BRIGHT MLS
• 2025-09-27 Price Changed $295,000 BRIGHT MLS
• 2025-08-16 Price Changed $297,500 BRIGHT MLS
• 2025-08-01 Relisted — BRIGHT MLS
• 2025-05-28 Contingent — BRIGHT MLS
• 2025-03-15 Listed $300,000 BRIGHT MLS

Property tax history

-4.2%/yr

Latest (2025): $346 · -39.2% YoY. Source: county tax records.