26603 Whitewater Cv #3087 · Long Neck, DE
Flood risk 6/10 · Moderate
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.73%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $476 – $884
Heat risk 8/10 · Major
- Hot days now (above 101°F)
- 7 days/yr
- Hot days in 30 yrs
- 18 days/yr
Wind risk 8/10 · Major
- Chance of severe wind over 30 yrs
- 80.0%
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 1 days/yr
- Unhealthy air days in 30 yrs
- 1 days/yr
Risk factors via First Street. Map © Google.
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 +12.5/15.0
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- Livability +3.5/5.0
- Schools +2.9/10.0
- Rent growth +2.5/5.0
- Condition / age +2.2/5.0
- Appreciation +0.0/10.0
$149,000
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
“LIFE IS SHORT. .. BUY THE BEACH HOUSE!” Beautiful, well- maintained Turn-Key ready Beach Home for sale in much desired Pot-Nets Lakeside! Pot-Nets Lakeside is known for its incredible Olympic-sized pool and large fishing lake. Located only a short golf car ride away from the other fabulous amenities from private beaches, tennis courts, basketball courts, playgrounds, baseball field and the famous, Paradise Grill! Located on a quiet dead-end street and surrounded by lovely, neighbors, this cheerful home features 3 bedrooms, 2 full bathrooms and many upgraded amenities, including a new roof in 2020. The exterior of the property features a 12x20 deck with Gazebo. This area is great for summer dinners or relaxing nights by the firepit. There is also a 14x14 shed equipped with electric and enough room to furnish the golf car. The inside is tastefully decorated and cheerfully painted to give the vibe of a summer vacation home. The porch has been converted to a “Bonus” room complete with electric, cable and a brand new “Mini-Split” HVAC system. Other upgrades include a new washer and dryer and upgraded fire alarm system. The golf car trail to Bayside makes it easy to enjoy the famous Bayside Beach and Paradise Grille without the hassle of parking your car. This home is a must see. .. don’t miss out on turn-key ready beach living!
Key facts
- 4 parking spots
- Community pool
- Built 2006
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/2.0-bath single-family listed at $149k. Condition is rated fair.
Deal economics
- At list price, monthly cash flow is $1k ($12k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($3k rent vs $149k).
- Recommended offer: $136k (9.0% below list) — sets the bar for market timing.
- Cap rate 14.6% vs local median 3.2% in Long Neck — 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 69/100 on livability (#30 in DE) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: employment D+, schools F, amenities F.
- Indian River School District (rural): math 25% / reading 41% proficiency, ranked #14 of 26 in DE (top 54%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
- Market conditions: 865 active listings in the ZIP; 2 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 40% of the median local income ($78k/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 $1k of loan paydown is wiped out by about $4k 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 + 3.0% rent growth), your $42k cash investment doubles in ~5 years — after that, you're playing with house money.
Negotiation context
- It's been on market 98 days — a 9% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
- 3 sale attempts; this cycle's ask has dropped $10k (6%) 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.
Questions for the listing agent
- It's been on market 98 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
- Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
- 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.
- 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.
- 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
- 1.75% ✓
- Cap rate
- 14.56%
- Cash-on-cash
- 29.53%
- DSCR
- 2.31
- GRM
- 4.8
CMA / ARV
- ARV (median comp)
- $167,767
- List price
- $149,000
- Delta
- -11.19%
- 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 |
|---|---|---|---|---|---|---|---|
| 33284 High Bush #2662 | 0.15mi | 3/2.0 | 1,488 (-1%) | 6mo | $198,897 | $134 | 86 |
| 33239 Tidewater Cv #2678 | 0.08mi | 3/2.0 | 1,400 (-7%) | 8mo | $119,000 | $85 | 78 |
| 33246 Oakwood Cv #47472 | 0.18mi | 3/2.0 | 1,388 (-8%) | 8mo | $160,000 | $115 | 71 |
| 33386 Nannyberry Cv #2611 | 0.38mi | 3/2.0 | 1,456 (-3%) | 9mo | $175,000 | $120 | 69 |
| 33361 Nannyberry Cv #2601 | 0.33mi | 3/2.0 | 1,680 (+11%) | 2mo | $166,000 | $99 | 63 |
| 26446 Cottontail Cv | 0.40mi | 3/2.0 | 1,344 (-11%) | 4mo | $135,000 | $100 | 60 |
| 26656 Castaway Cir #52344 | 0.31mi | 3/2.0 | 1,680 (+11%) | 8mo | $199,000 | $118 | 60 |
| 26496 Launch Cv #2947 | 0.41mi | 3/2.0 | 1,680 (+11%) | 5mo | $100,000 | $60 | 58 |
| 32935 Mimosa Cv | 0.47mi | 3/2.0 | 1,680 (+11%) | 4mo | $280,000 | $167 | 56 |
| 33385 Court Dr | 0.55mi | 3/2.0 | 1,352 (-10%) | 6mo | $145,000 | $107 | 52 |
| 25981 Loop Dr Unit 1319A | 0.69mi | 3/2.0 | 1,340 (-11%) | 7mo | $226,144 | $169 | 43 |
| 32685 Seaview Loop | 0.65mi | 2/2.0 (-1) | 1,734 (+15%) | 1mo | $385,000 | $222 | 39 |
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 · 3.0% rent growth · sell at horizon
- IRR
- 24.0%
- Equity multiple
- 1.99×
- Total profit
- $41,292
- Equity at exit
- $22,216
- IRR
- 31.9%
- Equity multiple
- 3.88×
- Total profit
- $120,325
- Equity at exit
- $12,883
Cash invested: $41,720 (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
ZIP-level market 19966
- Home prices YoY
- -6.4%
- Active inventory
- 865
- Price-to-rent
- 4.8×
Monthly cashflow live
- Estimated rent
- $2,603 medium interval (Pro) →
- Mortgage (P&I)
- −$781
- Tax est. 1.5%
- −$186 /mo · $2,235/yr
- Insurance
- −$62
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$547
- Net cashflow
- $1,027
Break-even live
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
- $37,250
- Closing costs
- $4,470
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 2 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 23567 Devonshire Rd Millsboro, DE | 3.0 | 2.5 | 2166 | $2,000 | $0.92 | 21d | 1 | 1.31mi |
| 22140 Shorebird Way Millsboro, DE | 4.0 | 2.5 | 1906 | $3,000 | $1.57 | 43d | 1 | 1.47mi |
Listing history 26 events
-
2026-06-18days on market $149,000 Active 98 DOM
-
2026-06-17days on market $149,000 Active 97 DOM
-
2026-06-16days on market $149,000 Active 96 DOM
-
2026-06-15days on market $149,000 Active 95 DOM
-
2026-06-14days on market $149,000 Active 93 DOM
-
2026-06-13days on market $149,000 Active 92 DOM
-
2026-06-10days on market $149,000 Active 90 DOM
-
2026-06-09days on market $149,000 Active 89 DOM
-
2026-06-08days on market $149,000 Active 88 DOM
-
2026-06-07days on market $149,000 Active 87 DOM
-
2026-06-02days on market $149,000 Active 82 DOM
-
2026-06-01days on market $149,000 Active 81 DOM
-
2026-05-31days on market $149,000 Active 80 DOM
-
2026-05-30days on market $149,000 Active 79 DOM
-
2026-04-27price $149,000
-
2026-03-30price $154,000
-
2026-03-12$159,000 Active
-
2025-07-18soldstatus $155,000 Closed 1388-char remark
Show marketing remark (1388 chars)
“LIFE IS SHORT. .. BUY THE BEACH HOUSE!” Beautiful, well- maintained Turn-Key ready Beach Home for sale in much desired Pot-Nets Lakeside! Pot-Nets Lakeside is known for its incredible Olympic-sized pool and large fishing lake. Located only a short golf car ride away from the other fabulous amenities from private beaches, tennis courts, basketball courts, playgrounds, baseball field and the famous, Paradise Grill! Located on a quiet dead-end street and surrounded by lovely, neighbors, this cheerful home features 3 bedrooms, 2 full bathrooms and many upgraded amenities, including a new roof in 2020. The exterior of the property features a 12x20 deck with Gazebo. This area is great for summer dinners or relaxing nights by the firepit. There is also a 14x14 shed equipped with electric and enough room to furnish the golf car. The inside is tastefully decorated and cheerfully painted to give the vibe of a summer vacation home. The porch has been converted to a “Bonus” room complete with electric, cable and a brand new “Mini-Split” HVAC system. Other upgrades include a new washer and dryer and upgraded fire alarm system. The golf car trail to Bayside makes it easy to enjoy the famous Bayside Beach and Paradise Grille without the hassle of parking your car. This home is a must see. .. don’t miss out on turn-key ready beach living!
-
2025-06-20status Pending 1388-char remark
Show marketing remark (1388 chars)
“LIFE IS SHORT. .. BUY THE BEACH HOUSE!” Beautiful, well- maintained Turn-Key ready Beach Home for sale in much desired Pot-Nets Lakeside! Pot-Nets Lakeside is known for its incredible Olympic-sized pool and large fishing lake. Located only a short golf car ride away from the other fabulous amenities from private beaches, tennis courts, basketball courts, playgrounds, baseball field and the famous, Paradise Grill! Located on a quiet dead-end street and surrounded by lovely, neighbors, this cheerful home features 3 bedrooms, 2 full bathrooms and many upgraded amenities, including a new roof in 2020. The exterior of the property features a 12x20 deck with Gazebo. This area is great for summer dinners or relaxing nights by the firepit. There is also a 14x14 shed equipped with electric and enough room to furnish the golf car. The inside is tastefully decorated and cheerfully painted to give the vibe of a summer vacation home. The porch has been converted to a “Bonus” room complete with electric, cable and a brand new “Mini-Split” HVAC system. Other upgrades include a new washer and dryer and upgraded fire alarm system. The golf car trail to Bayside makes it easy to enjoy the famous Bayside Beach and Paradise Grille without the hassle of parking your car. This home is a must see. .. don’t miss out on turn-key ready beach living!
-
2025-06-04historical Active Under Contract 1388-char remark
Show marketing remark (1388 chars)
“LIFE IS SHORT. .. BUY THE BEACH HOUSE!” Beautiful, well- maintained Turn-Key ready Beach Home for sale in much desired Pot-Nets Lakeside! Pot-Nets Lakeside is known for its incredible Olympic-sized pool and large fishing lake. Located only a short golf car ride away from the other fabulous amenities from private beaches, tennis courts, basketball courts, playgrounds, baseball field and the famous, Paradise Grill! Located on a quiet dead-end street and surrounded by lovely, neighbors, this cheerful home features 3 bedrooms, 2 full bathrooms and many upgraded amenities, including a new roof in 2020. The exterior of the property features a 12x20 deck with Gazebo. This area is great for summer dinners or relaxing nights by the firepit. There is also a 14x14 shed equipped with electric and enough room to furnish the golf car. The inside is tastefully decorated and cheerfully painted to give the vibe of a summer vacation home. The porch has been converted to a “Bonus” room complete with electric, cable and a brand new “Mini-Split” HVAC system. Other upgrades include a new washer and dryer and upgraded fire alarm system. The golf car trail to Bayside makes it easy to enjoy the famous Bayside Beach and Paradise Grille without the hassle of parking your car. This home is a must see. .. don’t miss out on turn-key ready beach living!
-
2025-05-19price $159,900 1388-char remark
Show marketing remark (1388 chars)
“LIFE IS SHORT. .. BUY THE BEACH HOUSE!” Beautiful, well- maintained Turn-Key ready Beach Home for sale in much desired Pot-Nets Lakeside! Pot-Nets Lakeside is known for its incredible Olympic-sized pool and large fishing lake. Located only a short golf car ride away from the other fabulous amenities from private beaches, tennis courts, basketball courts, playgrounds, baseball field and the famous, Paradise Grill! Located on a quiet dead-end street and surrounded by lovely, neighbors, this cheerful home features 3 bedrooms, 2 full bathrooms and many upgraded amenities, including a new roof in 2020. The exterior of the property features a 12x20 deck with Gazebo. This area is great for summer dinners or relaxing nights by the firepit. There is also a 14x14 shed equipped with electric and enough room to furnish the golf car. The inside is tastefully decorated and cheerfully painted to give the vibe of a summer vacation home. The porch has been converted to a “Bonus” room complete with electric, cable and a brand new “Mini-Split” HVAC system. Other upgrades include a new washer and dryer and upgraded fire alarm system. The golf car trail to Bayside makes it easy to enjoy the famous Bayside Beach and Paradise Grille without the hassle of parking your car. This home is a must see. .. don’t miss out on turn-key ready beach living!
-
2025-05-19price $164,900 1388-char remark
Show marketing remark (1388 chars)
“LIFE IS SHORT. .. BUY THE BEACH HOUSE!” Beautiful, well- maintained Turn-Key ready Beach Home for sale in much desired Pot-Nets Lakeside! Pot-Nets Lakeside is known for its incredible Olympic-sized pool and large fishing lake. Located only a short golf car ride away from the other fabulous amenities from private beaches, tennis courts, basketball courts, playgrounds, baseball field and the famous, Paradise Grill! Located on a quiet dead-end street and surrounded by lovely, neighbors, this cheerful home features 3 bedrooms, 2 full bathrooms and many upgraded amenities, including a new roof in 2020. The exterior of the property features a 12x20 deck with Gazebo. This area is great for summer dinners or relaxing nights by the firepit. There is also a 14x14 shed equipped with electric and enough room to furnish the golf car. The inside is tastefully decorated and cheerfully painted to give the vibe of a summer vacation home. The porch has been converted to a “Bonus” room complete with electric, cable and a brand new “Mini-Split” HVAC system. Other upgrades include a new washer and dryer and upgraded fire alarm system. The golf car trail to Bayside makes it easy to enjoy the famous Bayside Beach and Paradise Grille without the hassle of parking your car. This home is a must see. .. don’t miss out on turn-key ready beach living!
-
2025-05-02status Active 1388-char remark
Show marketing remark (1388 chars)
“LIFE IS SHORT. .. BUY THE BEACH HOUSE!” Beautiful, well- maintained Turn-Key ready Beach Home for sale in much desired Pot-Nets Lakeside! Pot-Nets Lakeside is known for its incredible Olympic-sized pool and large fishing lake. Located only a short golf car ride away from the other fabulous amenities from private beaches, tennis courts, basketball courts, playgrounds, baseball field and the famous, Paradise Grill! Located on a quiet dead-end street and surrounded by lovely, neighbors, this cheerful home features 3 bedrooms, 2 full bathrooms and many upgraded amenities, including a new roof in 2020. The exterior of the property features a 12x20 deck with Gazebo. This area is great for summer dinners or relaxing nights by the firepit. There is also a 14x14 shed equipped with electric and enough room to furnish the golf car. The inside is tastefully decorated and cheerfully painted to give the vibe of a summer vacation home. The porch has been converted to a “Bonus” room complete with electric, cable and a brand new “Mini-Split” HVAC system. Other upgrades include a new washer and dryer and upgraded fire alarm system. The golf car trail to Bayside makes it easy to enjoy the famous Bayside Beach and Paradise Grille without the hassle of parking your car. This home is a must see. .. don’t miss out on turn-key ready beach living!
-
2025-04-30historical 1388-char remark
Show marketing remark (1388 chars)
“LIFE IS SHORT. .. BUY THE BEACH HOUSE!” Beautiful, well- maintained Turn-Key ready Beach Home for sale in much desired Pot-Nets Lakeside! Pot-Nets Lakeside is known for its incredible Olympic-sized pool and large fishing lake. Located only a short golf car ride away from the other fabulous amenities from private beaches, tennis courts, basketball courts, playgrounds, baseball field and the famous, Paradise Grill! Located on a quiet dead-end street and surrounded by lovely, neighbors, this cheerful home features 3 bedrooms, 2 full bathrooms and many upgraded amenities, including a new roof in 2020. The exterior of the property features a 12x20 deck with Gazebo. This area is great for summer dinners or relaxing nights by the firepit. There is also a 14x14 shed equipped with electric and enough room to furnish the golf car. The inside is tastefully decorated and cheerfully painted to give the vibe of a summer vacation home. The porch has been converted to a “Bonus” room complete with electric, cable and a brand new “Mini-Split” HVAC system. Other upgrades include a new washer and dryer and upgraded fire alarm system. The golf car trail to Bayside makes it easy to enjoy the famous Bayside Beach and Paradise Grille without the hassle of parking your car. This home is a must see. .. don’t miss out on turn-key ready beach living!
-
2025-04-22price $179,900 1388-char remark
Show marketing remark (1388 chars)
“LIFE IS SHORT. .. BUY THE BEACH HOUSE!” Beautiful, well- maintained Turn-Key ready Beach Home for sale in much desired Pot-Nets Lakeside! Pot-Nets Lakeside is known for its incredible Olympic-sized pool and large fishing lake. Located only a short golf car ride away from the other fabulous amenities from private beaches, tennis courts, basketball courts, playgrounds, baseball field and the famous, Paradise Grill! Located on a quiet dead-end street and surrounded by lovely, neighbors, this cheerful home features 3 bedrooms, 2 full bathrooms and many upgraded amenities, including a new roof in 2020. The exterior of the property features a 12x20 deck with Gazebo. This area is great for summer dinners or relaxing nights by the firepit. There is also a 14x14 shed equipped with electric and enough room to furnish the golf car. The inside is tastefully decorated and cheerfully painted to give the vibe of a summer vacation home. The porch has been converted to a “Bonus” room complete with electric, cable and a brand new “Mini-Split” HVAC system. Other upgrades include a new washer and dryer and upgraded fire alarm system. The golf car trail to Bayside makes it easy to enjoy the famous Bayside Beach and Paradise Grille without the hassle of parking your car. This home is a must see. .. don’t miss out on turn-key ready beach living!
-
2025-02-26$189,900 Active 1388-char remark
Show marketing remark (1388 chars)
“LIFE IS SHORT. .. BUY THE BEACH HOUSE!” Beautiful, well- maintained Turn-Key ready Beach Home for sale in much desired Pot-Nets Lakeside! Pot-Nets Lakeside is known for its incredible Olympic-sized pool and large fishing lake. Located only a short golf car ride away from the other fabulous amenities from private beaches, tennis courts, basketball courts, playgrounds, baseball field and the famous, Paradise Grill! Located on a quiet dead-end street and surrounded by lovely, neighbors, this cheerful home features 3 bedrooms, 2 full bathrooms and many upgraded amenities, including a new roof in 2020. The exterior of the property features a 12x20 deck with Gazebo. This area is great for summer dinners or relaxing nights by the firepit. There is also a 14x14 shed equipped with electric and enough room to furnish the golf car. The inside is tastefully decorated and cheerfully painted to give the vibe of a summer vacation home. The porch has been converted to a “Bonus” room complete with electric, cable and a brand new “Mini-Split” HVAC system. Other upgrades include a new washer and dryer and upgraded fire alarm system. The golf car trail to Bayside makes it easy to enjoy the famous Bayside Beach and Paradise Grille without the hassle of parking your car. This home is a must see. .. don’t miss out on turn-key ready beach living!
ⓘ 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 (unshaded) · 73% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 8/10 Severe 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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
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Taxation est. · year 1
- Rental income
- $31,238
- − Mortgage interest
- −$8,346
- − Property taxes
- −$2,235
- − Insurance
- −$745
- − Repairs & maintenance
- −$2,499
- − Management
- −$2,499
- − Depreciation
- −$4,335
- Taxable income
- $10,579
- Est. tax owed @ 24.0%
- −$2,539
- After-tax cash flow
- $9,783/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 · 11 photos
This home requires moderate repairs and maintenance, with a focus on exterior painting and landscaping to enhance its curb appeal and value.
Repairs flagged
- Major landscaping — bare soil and minimal greenery
- Major exterior paint — light-colored siding needs touch-up
Value-add opportunities
- Both paint exterior — enhances curb appeal and resale value
- Both landscape — improves curb appeal and rental value
- Resale update kitchen countertops — modernizes kitchen and adds value
- Resale replace flooring — new flooring improves aesthetics and value
Renovation cost estimate screening
| Repair item | Severity | Est. cost |
|---|---|---|
| landscaping · bare soil and minimal greenery | Major | $15,000–50,000 |
| exterior paint · light-colored siding needs touch-up | Major | $15,000–50,000 |
| Total estimated repair cost · 2 items | $30,000–100,000 |
Value-add ROI direction
- Both paint exterior — enhances curb appeal and resale value ↑
- Both landscape — improves curb appeal and rental value ↑
- Resale update kitchen countertops — modernizes kitchen and adds value ↑
- Resale replace flooring — new flooring improves aesthetics and value ↑
ⓘ 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
- Indian River School District
- NCES district ID
- 1000680
- Math proficiency
- 25% ▼ -27.00%
- Reading proficiency
- 41% ▼ -17.00%
- Median HH income
- $53,838
- Composite
- 28.99/100
- National rank
- #6620
- State rank
- #14 of 26 in DE
Livability — Long Neck
- Score
- 69/100
- State rank
- #30
- US rank
- #8720
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Long Neck, DE
- County
- Sussex County · 82,708 people
- Metro
- Salisbury, MD-DE
- Population (ZIP)
- 35,884
- Household income
- $78,305
- Rent vs Own
- Severe rent burden
- 464.0
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 (74%)
- Race & ethnicity
- White 74% Hispanic / Latino 11% Black 8% Two or more races 7% Native American 3% Asian 1%
- Hispanic origin (detail)
- Mexican 3%
- Common ancestry
- Romanian 4% Slovak 2% Serbian 1%
- Foreign-born
- 8% · Canada, China
- Languages at home
- 88% English-only · Spanish 9% Other Indo-European 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
- ▼ -18.26%
- Current HPI
- 268.5609
- Rent YoY
- —
- Metro
- Salisbury, MD-DE
- State GDP YoY
- —
- F500 in state
- 0
Price history
-21.5% since first listed12 events — show timeline
- 2026-04-27 Price Changed $149,000 BRIGHT MLS
- 2026-03-30 Price Changed $154,000 BRIGHT MLS
- 2026-03-12 Listed $159,000 BRIGHT MLS
- 2025-07-18 Sold (MLS) $155,000 BRIGHT MLS
- 2025-06-20 Pending — BRIGHT MLS
- 2025-06-04 Contingent — BRIGHT MLS
- 2025-05-19 Price Changed $159,900 BRIGHT MLS
- 2025-05-19 Price Changed $164,900 BRIGHT MLS
- 2025-05-02 Relisted — BRIGHT MLS
- 2025-04-30 Listing Removed — BRIGHT MLS
- 2025-04-22 Price Changed $179,900 BRIGHT MLS
- 2025-02-26 Listed $189,900 BRIGHT MLS
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…