34687 Deck St Unit E-159 · Long Neck, DE 19966

$159,000

3 bd · 2.0 ba · 1,656 sqft · SingleFamily · 65 Days on market

Built 2001 Good condition $96/sqft · 31% below area Est $230k · 31% under

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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
• Condition / age +3.8/5.0
• Livability +3.5/5.0
• Schools +2.9/10.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Step into a world of endless possibilities with this charming 3-bedroom, 2-bath home, offering a generous 1,656 sq ft of space just waiting for your personal touch. Nestled in the heart of Bayside, this property is more than just a house; it’s a canvas for your dream coastal lifestyle. Experience the joy of vaulted ceilings that create an airy atmosphere, allowing natural light to flood the living spaces. The open-concept design seamlessly connects the living area to the screened-in porch, making it the perfect spot to unwind with a book or enjoy your favorite beverage after a day spent on the bay. Each of the three spacious bedrooms is designed for relaxation, providing ample room for rest and rejuvenation. The guest bath is conveniently located between the bedrooms, ensuring privacy and ease for family and friends. On the opposite side of the home is ideal for hosting visitors or creating a personal retreat, the separate living area offers a cozy space for gatherings, movie nights, or simply enjoying quiet moments. The expansive corner lot is fenced yard is a haven for pets, providing a safe space for them to roam and play. Imagine your dog frolicking in the sun while you relax on the porch, soaking in the coastal breeze. The included shed offers plenty of storage for all your beach and boating gear, keeping your outdoor space organized and ready for adventure. – This home is being sold as-is, inviting you to unleash your creativity and transform it into your dream space. Whether you envision a modern coastal retreat or a charming beach cottage, the possibilities are endless. Living in Bayside means more than just a beautiful home; it’s a lifestyle filled with adventure and relaxation. Enjoy easy access to boating, private beaches, and stunning sunset views that will take your breath away. Picture yourself launching your boat just moments from your doorstep or taking leisurely strolls along the private beach as the sun dips below the horizon. Don’t miss out on this incredible opportunity to create your own slice of paradise. Schedule a viewing today and start envisioning the life you’ve always dreamed of in Bayside!

Key facts

• Open-concept design
• Screened-in porch
• Fenced yard

Tags

• VAULTED CEILINGS
• OPEN-CONCEPT DESIGN
• SCREENED-IN PORCH
• SEPARATE LIVING AREA
• EXPANSIVE CORNER LOT
• FENCED YARD

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $159k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $812 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $159k).
• Recommended offer: $149k (6.0% below list) — sets the bar for market timing.
• Cap rate 12.4% 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 37% 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 $5k 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 $45k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 65 days — a 6% lower offer ($149k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: moderate 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 $149,460 (6.0% below list)

Questions for the listing agent

1. It's been on market 65 days. Have you received any prior offers? Is the seller open to a 6% 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 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?
5. 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.
6. 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.
7. 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: 1.52% ✓
• Cap rate: 12.42%
• Cash-on-cash: 21.88%
• DSCR: 1.97
• GRM: 5.5

CMA / ARV

• ARV (median comp): $229,572
• List price: $159,000
• Delta: -30.74%
• 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
34598 Deck St Unit E-523	0.16mi	3/2.0	1,608 (-3%)	3mo	$246,993	$154	85
34686 Cringle St Unit E-123	0.14mi	3/2.0	1,768 (+7%)	1mo	$338,287	$191	81
34619 Sloop Loop	0.28mi	3/2.0	1,596 (-4%)	3mo	$239,000	$150	78
28220 Sloop Ave	0.29mi	3/2.0	1,792 (+8%)	2mo	$280,000	$156	72
34224 Green Holly Rd #180	0.50mi	3/2.0	1,680 (+1%)	4mo	$220,000	$131	71
34488 Easy St Unit E-810	0.32mi	3/2.0	1,456 (-12%)	0mo	$190,000	$130	65
34840 W Harbor Dr	0.45mi	3/2.0	1,800 (+9%)	0mo	$315,000	$175	64
26925 White House Rd #14556	0.66mi	3/2.0	1,680 (+1%)	4mo	$95,000	$57	64
27012 Harbor Rd #876	0.66mi	3/2.0	1,792 (+8%)	0mo	$219,000	$122	55
26545 Woodchuck Ln Unit E-862	0.54mi	3/2.0	1,456 (-12%)	0mo	$159,000	$109	54
34346 River Rd #55756	0.67mi	3/2.0	1,512 (-9%)	6mo	$215,000	$142	50
27413 Grove Circle Rd #39	0.69mi	3/2.0	1,444 (-13%)	2mo	$190,000	$132	45

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

5-year hold

• IRR: 14.6%
• Equity multiple: 1.58×
• Total profit: $25,974
• Equity at exit: $23,707

10-year hold

• IRR: 23.3%
• Equity multiple: 3.01×
• Total profit: $89,340
• Equity at exit: $13,747

Cash invested: $44,520 (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 19966

• Home prices YoY: -6.4%
• Active inventory: 865
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $2,418 medium
• Mortgage (P&I): −$834
• Tax est. 1.5%: −$199 /mo · $2,385/yr
• Insurance: −$66
• HOA: −$0
• Vacancy / Maint / Mgmt: −$508
• Net cashflow: $812

Break-even live

Break-even rent $1,391

Max offer price $159,000

Occupancy floor 61%

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: $39,750
• Closing costs: $4,770
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
35829 S Gloucester Cir Unit 35829 Long Neck, DE	3.0	2.5	1500	$1,995	$1.33	13d	1	0.83mi
35805 S Gloucester Cir Millsboro, DE	3.0	2.5	2100	$2,300	$1.10	44d	1	0.88mi

Listing history 15 events

1. 2026-06-18
   days on market $159,000 Active 65 DOM
2. 2026-06-17
   days on market $159,000 Active 64 DOM
3. 2026-06-16
   days on market $159,000 Active 63 DOM
4. 2026-06-15
   days on market $159,000 Active 62 DOM
5. 2026-06-14
   days on market $159,000 Active 60 DOM
6. 2026-06-13
   days on market $159,000 Active 59 DOM
7. 2026-06-10
   days on market $159,000 Active 57 DOM
8. 2026-06-09
   days on market $159,000 Active 56 DOM
9. 2026-06-08
   days on market $159,000 Active 55 DOM
10. 2026-06-07
    days on market $159,000 Active 54 DOM
11. 2026-06-02
    days on market $159,000 Active 49 DOM
12. 2026-06-01
    days on market $159,000 Active 48 DOM
13. 2026-05-31
    days on market $159,000 Active 47 DOM
14. 2026-05-30
    days on market $159,000 Active 46 DOM
15. 2026-04-14
    listed $159,000 Active 2186-char remark

    Show marketing remark (2186 chars)

    Step into a world of endless possibilities with this charming 3-bedroom, 2-bath home, offering a generous 1,656 sq ft of space just waiting for your personal touch. Nestled in the heart of Bayside, this property is more than just a house; it’s a canvas for your dream coastal lifestyle. Experience the joy of vaulted ceilings that create an airy atmosphere, allowing natural light to flood the living spaces. The open-concept design seamlessly connects the living area to the screened-in porch, making it the perfect spot to unwind with a book or enjoy your favorite beverage after a day spent on the bay. Each of the three spacious bedrooms is designed for relaxation, providing ample room for rest and rejuvenation. The guest bath is conveniently located between the bedrooms, ensuring privacy and ease for family and friends. On the opposite side of the home is ideal for hosting visitors or creating a personal retreat, the separate living area offers a cozy space for gatherings, movie nights, or simply enjoying quiet moments. The expansive corner lot is fenced yard is a haven for pets, providing a safe space for them to roam and play. Imagine your dog frolicking in the sun while you relax on the porch, soaking in the coastal breeze. The included shed offers plenty of storage for all your beach and boating gear, keeping your outdoor space organized and ready for adventure. – This home is being sold as-is, inviting you to unleash your creativity and transform it into your dream space. Whether you envision a modern coastal retreat or a charming beach cottage, the possibilities are endless. Living in Bayside means more than just a beautiful home; it’s a lifestyle filled with adventure and relaxation. Enjoy easy access to boating, private beaches, and stunning sunset views that will take your breath away. Picture yourself launching your boat just moments from your doorstep or taking leisurely strolls along the private beach as the sun dips below the horizon. Don’t miss out on this incredible opportunity to create your own slice of paradise. Schedule a viewing today and start envisioning the life you’ve always dreamed of in Bayside!

ⓘ 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 5/10 Major FEMA zone X (unshaded) · 44% 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

Taxation est. · year 1

• Rental income: $29,022
• − Mortgage interest: −$8,906
• − Property taxes: −$2,385
• − Insurance: −$795
• − Repairs & maintenance: −$2,322
• − Management: −$2,322
• − Depreciation: −$4,625
• Taxable income: $7,666
• Est. tax owed @ 24.0%: −$1,840
• After-tax cash flow: $7,901/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

Good 75/100 Cosmetic rehab

This charming 3-bedroom, 2-bath home offers a good condition with some cosmetic updates needed to enhance its resale and rental value.

Repairs flagged

• Minor kitchen backsplash — existing backsplash could be replaced for a fresh look
• Minor bathroom vanity — existing vanity could be replaced for a more modern look

Value-add opportunities

• Resale paint interior walls — Fresh paint can make a significant difference in the home's appearance
• Resale replace kitchen backsplash — A new backsplash can update the kitchen and add value
• Resale replace bathroom vanity — A new vanity can enhance the bathroom's appeal and functionality
• Both landscaping — Well-maintained landscaping can improve curb appeal and add value
• Rental HVAC maintenance — A clean and efficient HVAC system can attract tenants and reduce utility costs

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen backsplash · existing backsplash could be replaced for a fresh look	Minor	$500–3,000
bathroom vanity · existing vanity could be replaced for a more modern look	Minor	$500–3,000
Total estimated repair cost · 2 items		$1,000–6,000

Value-add ROI direction

• Resale paint interior walls — Fresh paint can make a significant difference in the home's appearance ↑
• Resale replace kitchen backsplash — A new backsplash can update the kitchen and add value ↑
• Resale replace bathroom vanity — A new vanity can enhance the bathroom's appeal and functionality ↑
• Both landscaping — Well-maintained landscaping can improve curb appeal and add value ↑
• Rental HVAC maintenance — A clean and efficient HVAC system can attract tenants and reduce utility costs ↑

ⓘ 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

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

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: 17.8% rent · 82.2% 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

1 event — show timeline

• 2026-04-14 Listed $159,000 BRIGHT MLS