35531 Knoll Way #595 · Long Neck, DE 19966

$115,000

2 bd · 2.0 ba · 1,500 sqft · SingleFamily · 140 Days on market

Built 1997 Fair condition 4,356 sqft lot $77/sqft · 17% below area Est $138k · 17% under ↓ 4% 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
• 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

Listing remarks MLS

Mariner’s Cove is the place to be if you are a boater, especially since this community has slips for rent, as well as a community boat ramp. Ideal for a vacationing. .. but this house could be just right as your year-round residence. Even though this home is a “singlewide, ” it’s an oversized 16’x72’ with a 10’x36’ 4-season addition for a total of 1,500 sq. ft. of heated and air-conditioned living space! Vaulted ceilings in the main house. Spacious kitchen has a breakfast bar and adjoins the dining area. So much cabinet space! The kitchen has a gas cooktop, hood exhaust, wall oven, dishwasher, and a countertop microwave. Nifty “appliance garages, ” too, for your small appliances (blender, mixer, food processor, etc. ). Split bedroom plan is like having two main suites. The primary bedroom has double closets, and is en Suite. That bath has a soaking tub and a separate stall shower. The second full bath recently had an upgrade to a step-in shower featuring seamless walls, glass doors, and a seat. The laundry closet is located in the kitchen, and it has a full-size, side-by-side washer and dryer set. The main house has warm gas heat, and the family room addition has a heat pump mini-split system, both with elevated AC condensers - both units were new within the past 5 years. Newer roof (2025). New water heater in the past 5 years, too. Shed with electric & a window AC. Covered rear porch off of the family room. Being sold mostly furnished. Concrete driveway for 2 vehicles. Stone hardscaping. Less than 15 miles to the Rehoboth Beach boardwalk. Close to the famous Paradise Grill in Pot-Nets Bayside, and just down the street from Paradise Pub. And you're just short way from the community pool and clubhouse, which has a fitness center. Golf Carts are allowed. Transferable leasehold interest (annual lot rent increases are capped by 25 Del. C. Sec. 7050-4054). Homeowner pays electric, water, sewer, fuel (LP gas) & Internet/cable. Two-pet limit. No rentals of any kind are permitted (but family & friends may always visit you). Equity LifeStyle Properties, Inc. , the community owner, requires an Application from the Buyer, with acceptance based on the following criteria: 1.)income verification, 2.)credit bureau score, plus evaluation of debt-to-income ratio, and 3.)criminal background check. Financing may be available to qualified borrowers from a few Lenders that specialize in installment/chattel loans for manufactured homes on leased land (flood insurance will be required if you have a loan, otherwise it is optional). Closing costs will include 3.75% real estate transfer tax (collected as DMV Doc Fee) & a Settlement Agent fee.

Key facts

• 4,356 sq ft lot
• 2 parking spots
• Community pool

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $115k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $419 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $115k).
• Recommended offer: $101k (12.0% below list) — sets the bar for market timing.
• Cap rate 15.5% 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 32% 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 $795 of loan paydown is wiped out by about $3k 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 $32k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 140 days — a 12% lower offer ($101k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $10k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $460/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); 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 $101,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 140 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. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
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: 1.84% ✓
• Cap rate: 15.47%
• Cash-on-cash: 32.77%
• DSCR: 2.46
• GRM: 4.5

CMA / ARV

• ARV (median comp): $137,941
• List price: $115,000
• Delta: -16.63%
• 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
35518 Joann Dr #137	0.08mi	2/—	1,484 (-1%)	3mo	$138,000	$93	92
26217 Cove Dr	0.21mi	3/2.0 (+1)	1,567 (+4%)	2mo	$210,000	$134	76
35434 Pine Dr	0.23mi	3/2.0 (+1)	1,396 (-7%)	3mo	$106,500	$76	70
35593 Main St #36356	0.45mi	3/2.0 (+1)	1,536 (+2%)	3mo	$75,000	$49	67
26221 Cove Dr	0.20mi	3/2.0 (+1)	1,296 (-14%)	4mo	$205,000	$158	60
35406 Pine Dr #49657	0.26mi	3/2.0 (+1)	1,344 (-10%)	7mo	$187,000	$139	60
26013 Seagull Ln #48469	0.44mi	3/2.0 (+1)	1,344 (-10%)	1mo	$90,000	$67	57
27113 Clipper Rd #52505	0.74mi	3/2.0 (+1)	1,484 (-1%)	8mo	$155,000	$104	52
34848 Halyard St Unit E-431	0.74mi	3/2.0 (+1)	1,366 (-9%)	5mo	$273,176	$200	41
35678 E Harbor Dr #42816	0.73mi	3/2.0 (+1)	1,380 (-8%)	8mo	$200,000	$145	41
35536 E Harbor Dr #16911	0.71mi	3/2.0 (+1)	1,700 (+13%)	2mo	$170,000	$100	38
34858 Gunnel Rd Unit E-639	0.67mi	3/2.0 (+1)	1,716 (+14%)	7mo	$351,653	$205	34

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: 6.6%
• Equity multiple: 1.26×
• Total profit: $8,356
• Equity at exit: $17,147

10-year hold

• IRR: 16.2%
• Equity multiple: 2.33×
• Total profit: $42,904
• Equity at exit: $9,943

Cash invested: $32,200 (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: 4.5×

Monthly cashflow live

• Estimated rent: $2,119 medium
• Mortgage (P&I): −$603
• Tax est. 1.5%: −$144 /mo · $1,725/yr
• Insurance: −$48
• Flood insurance flood zone: −$460 /mo · $5,525/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$445
• Net cashflow: $419

Break-even live

Break-even rent $1,589

Max offer price $115,000

Occupancy floor 75%

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
35805 S Gloucester Cir Millsboro, DE	3.0	2.5	2100	$2,300	$1.10	44d	1	0.33mi
35829 S Gloucester Cir Unit 35829 Long Neck, DE	3.0	2.5	1500	$1,995	$1.33	13d	1	0.35mi

Listing history 20 events

1. 2026-06-18
   days on market $115,000 Active 140 DOM
2. 2026-06-17
   days on market $115,000 Active 139 DOM
3. 2026-06-16
   days on market $115,000 Active 138 DOM
4. 2026-06-15
   days on market $115,000 Active 137 DOM
5. 2026-06-14
   days on market $115,000 Active 135 DOM
6. 2026-06-13
   days on market $115,000 Active 134 DOM
7. 2026-06-10
   days on market $115,000 Active 132 DOM
8. 2026-06-09
   days on market $115,000 Active 131 DOM
9. 2026-06-08
   days on market $115,000 Active 130 DOM
10. 2026-06-07
    days on market $115,000 Active 129 DOM
11. 2026-06-02
    days on market $115,000 Active 124 DOM
12. 2026-06-01
    remarks 651-char remark
13. 2026-06-01
    days on market $115,000 Active 123 DOM
14. 2026-05-31
    days on market $115,000 Active 122 DOM
15. 2026-05-30
    days on market $115,000 Active 121 DOM
16. 2026-04-29
    status Active 2748-char remark

    Show marketing remark (2748 chars)

    Mariner’s Cove is the place to be if you are a boater, especially since this community has slips for rent, as well as a community boat ramp. Ideal for a vacationing. .. but this house could be just right as your year-round residence. Even though this home is a “singlewide, ” it’s an oversized 16’x72’ with a 10’x36’ 4-season addition for a total of 1,500 sq. ft. of heated and air-conditioned living space! Vaulted ceilings in the main house. Spacious kitchen has a breakfast bar and adjoins the dining area. So much cabinet space! The kitchen has a gas cooktop, hood exhaust, wall oven, dishwasher, and a countertop microwave. Nifty “appliance garages, ” too, for your small appliances (blender, mixer, food processor, etc. ). Split bedroom plan is like having two main suites. The primary bedroom has double closets, and is en Suite. That bath has a soaking tub and a separate stall shower. The second full bath recently had an upgrade to a step-in shower featuring seamless walls, glass doors, and a seat. The laundry closet is located in the kitchen, and it has a full-size, side-by-side washer and dryer set. The main house has warm gas heat, and the family room addition has a heat pump mini-split system, both with elevated AC condensers - both units were new within the past 5 years. Newer roof (2025). New water heater in the past 5 years, too. Shed with electric & a window AC. Covered rear porch off of the family room. Being sold mostly furnished. Concrete driveway for 2 vehicles. Stone hardscaping. Less than 15 miles to the Rehoboth Beach boardwalk. Close to the famous Paradise Grill in Pot-Nets Bayside, and just down the street from Paradise Pub. And you're just short way from the community pool and clubhouse, which has a fitness center. Golf Carts are allowed. Transferable leasehold interest (annual lot rent increases are capped by 25 Del. C. Sec. 7050-4054). Homeowner pays electric, water, sewer, fuel (LP gas) & Internet/cable. Two-pet limit. No rentals of any kind are permitted (but family & friends may always visit you). Equity LifeStyle Properties, Inc. , the community owner, requires an Application from the Buyer, with acceptance based on the following criteria: 1.)income verification, 2.)credit bureau score, plus evaluation of debt-to-income ratio, and 3.)criminal background check. Financing may be available to qualified borrowers from a few Lenders that specialize in installment/chattel loans for manufactured homes on leased land (flood insurance will be required if you have a loan, otherwise it is optional). Closing costs will include 3.75% real estate transfer tax (collected as DMV Doc Fee) & a Settlement Agent fee.

17. 2026-04-28
    historical Active Under Contract 2748-char remark

    Show marketing remark (2748 chars)

    Mariner’s Cove is the place to be if you are a boater, especially since this community has slips for rent, as well as a community boat ramp. Ideal for a vacationing. .. but this house could be just right as your year-round residence. Even though this home is a “singlewide, ” it’s an oversized 16’x72’ with a 10’x36’ 4-season addition for a total of 1,500 sq. ft. of heated and air-conditioned living space! Vaulted ceilings in the main house. Spacious kitchen has a breakfast bar and adjoins the dining area. So much cabinet space! The kitchen has a gas cooktop, hood exhaust, wall oven, dishwasher, and a countertop microwave. Nifty “appliance garages, ” too, for your small appliances (blender, mixer, food processor, etc. ). Split bedroom plan is like having two main suites. The primary bedroom has double closets, and is en Suite. That bath has a soaking tub and a separate stall shower. The second full bath recently had an upgrade to a step-in shower featuring seamless walls, glass doors, and a seat. The laundry closet is located in the kitchen, and it has a full-size, side-by-side washer and dryer set. The main house has warm gas heat, and the family room addition has a heat pump mini-split system, both with elevated AC condensers - both units were new within the past 5 years. Newer roof (2025). New water heater in the past 5 years, too. Shed with electric & a window AC. Covered rear porch off of the family room. Being sold mostly furnished. Concrete driveway for 2 vehicles. Stone hardscaping. Less than 15 miles to the Rehoboth Beach boardwalk. Close to the famous Paradise Grill in Pot-Nets Bayside, and just down the street from Paradise Pub. And you're just short way from the community pool and clubhouse, which has a fitness center. Golf Carts are allowed. Transferable leasehold interest (annual lot rent increases are capped by 25 Del. C. Sec. 7050-4054). Homeowner pays electric, water, sewer, fuel (LP gas) & Internet/cable. Two-pet limit. No rentals of any kind are permitted (but family & friends may always visit you). Equity LifeStyle Properties, Inc. , the community owner, requires an Application from the Buyer, with acceptance based on the following criteria: 1.)income verification, 2.)credit bureau score, plus evaluation of debt-to-income ratio, and 3.)criminal background check. Financing may be available to qualified borrowers from a few Lenders that specialize in installment/chattel loans for manufactured homes on leased land (flood insurance will be required if you have a loan, otherwise it is optional). Closing costs will include 3.75% real estate transfer tax (collected as DMV Doc Fee) & a Settlement Agent fee.

18. 2026-03-25
    price $119,900 2748-char remark

    Show marketing remark (2748 chars)

    Mariner’s Cove is the place to be if you are a boater, especially since this community has slips for rent, as well as a community boat ramp. Ideal for a vacationing. .. but this house could be just right as your year-round residence. Even though this home is a “singlewide, ” it’s an oversized 16’x72’ with a 10’x36’ 4-season addition for a total of 1,500 sq. ft. of heated and air-conditioned living space! Vaulted ceilings in the main house. Spacious kitchen has a breakfast bar and adjoins the dining area. So much cabinet space! The kitchen has a gas cooktop, hood exhaust, wall oven, dishwasher, and a countertop microwave. Nifty “appliance garages, ” too, for your small appliances (blender, mixer, food processor, etc. ). Split bedroom plan is like having two main suites. The primary bedroom has double closets, and is en Suite. That bath has a soaking tub and a separate stall shower. The second full bath recently had an upgrade to a step-in shower featuring seamless walls, glass doors, and a seat. The laundry closet is located in the kitchen, and it has a full-size, side-by-side washer and dryer set. The main house has warm gas heat, and the family room addition has a heat pump mini-split system, both with elevated AC condensers - both units were new within the past 5 years. Newer roof (2025). New water heater in the past 5 years, too. Shed with electric & a window AC. Covered rear porch off of the family room. Being sold mostly furnished. Concrete driveway for 2 vehicles. Stone hardscaping. Less than 15 miles to the Rehoboth Beach boardwalk. Close to the famous Paradise Grill in Pot-Nets Bayside, and just down the street from Paradise Pub. And you're just short way from the community pool and clubhouse, which has a fitness center. Golf Carts are allowed. Transferable leasehold interest (annual lot rent increases are capped by 25 Del. C. Sec. 7050-4054). Homeowner pays electric, water, sewer, fuel (LP gas) & Internet/cable. Two-pet limit. No rentals of any kind are permitted (but family & friends may always visit you). Equity LifeStyle Properties, Inc. , the community owner, requires an Application from the Buyer, with acceptance based on the following criteria: 1.)income verification, 2.)credit bureau score, plus evaluation of debt-to-income ratio, and 3.)criminal background check. Financing may be available to qualified borrowers from a few Lenders that specialize in installment/chattel loans for manufactured homes on leased land (flood insurance will be required if you have a loan, otherwise it is optional). Closing costs will include 3.75% real estate transfer tax (collected as DMV Doc Fee) & a Settlement Agent fee.

19. 2026-01-28
    listed $125,000 Active 2748-char remark

    Show marketing remark (2748 chars)

    Mariner’s Cove is the place to be if you are a boater, especially since this community has slips for rent, as well as a community boat ramp. Ideal for a vacationing. .. but this house could be just right as your year-round residence. Even though this home is a “singlewide, ” it’s an oversized 16’x72’ with a 10’x36’ 4-season addition for a total of 1,500 sq. ft. of heated and air-conditioned living space! Vaulted ceilings in the main house. Spacious kitchen has a breakfast bar and adjoins the dining area. So much cabinet space! The kitchen has a gas cooktop, hood exhaust, wall oven, dishwasher, and a countertop microwave. Nifty “appliance garages, ” too, for your small appliances (blender, mixer, food processor, etc. ). Split bedroom plan is like having two main suites. The primary bedroom has double closets, and is en Suite. That bath has a soaking tub and a separate stall shower. The second full bath recently had an upgrade to a step-in shower featuring seamless walls, glass doors, and a seat. The laundry closet is located in the kitchen, and it has a full-size, side-by-side washer and dryer set. The main house has warm gas heat, and the family room addition has a heat pump mini-split system, both with elevated AC condensers - both units were new within the past 5 years. Newer roof (2025). New water heater in the past 5 years, too. Shed with electric & a window AC. Covered rear porch off of the family room. Being sold mostly furnished. Concrete driveway for 2 vehicles. Stone hardscaping. Less than 15 miles to the Rehoboth Beach boardwalk. Close to the famous Paradise Grill in Pot-Nets Bayside, and just down the street from Paradise Pub. And you're just short way from the community pool and clubhouse, which has a fitness center. Golf Carts are allowed. Transferable leasehold interest (annual lot rent increases are capped by 25 Del. C. Sec. 7050-4054). Homeowner pays electric, water, sewer, fuel (LP gas) & Internet/cable. Two-pet limit. No rentals of any kind are permitted (but family & friends may always visit you). Equity LifeStyle Properties, Inc. , the community owner, requires an Application from the Buyer, with acceptance based on the following criteria: 1.)income verification, 2.)credit bureau score, plus evaluation of debt-to-income ratio, and 3.)criminal background check. Financing may be available to qualified borrowers from a few Lenders that specialize in installment/chattel loans for manufactured homes on leased land (flood insurance will be required if you have a loan, otherwise it is optional). Closing costs will include 3.75% real estate transfer tax (collected as DMV Doc Fee) & a Settlement Agent fee.

20. 2026-01-24
    historical $125,000 2748-char remark

    Show marketing remark (2748 chars)

    Mariner’s Cove is the place to be if you are a boater, especially since this community has slips for rent, as well as a community boat ramp. Ideal for a vacationing. .. but this house could be just right as your year-round residence. Even though this home is a “singlewide, ” it’s an oversized 16’x72’ with a 10’x36’ 4-season addition for a total of 1,500 sq. ft. of heated and air-conditioned living space! Vaulted ceilings in the main house. Spacious kitchen has a breakfast bar and adjoins the dining area. So much cabinet space! The kitchen has a gas cooktop, hood exhaust, wall oven, dishwasher, and a countertop microwave. Nifty “appliance garages, ” too, for your small appliances (blender, mixer, food processor, etc. ). Split bedroom plan is like having two main suites. The primary bedroom has double closets, and is en Suite. That bath has a soaking tub and a separate stall shower. The second full bath recently had an upgrade to a step-in shower featuring seamless walls, glass doors, and a seat. The laundry closet is located in the kitchen, and it has a full-size, side-by-side washer and dryer set. The main house has warm gas heat, and the family room addition has a heat pump mini-split system, both with elevated AC condensers - both units were new within the past 5 years. Newer roof (2025). New water heater in the past 5 years, too. Shed with electric & a window AC. Covered rear porch off of the family room. Being sold mostly furnished. Concrete driveway for 2 vehicles. Stone hardscaping. Less than 15 miles to the Rehoboth Beach boardwalk. Close to the famous Paradise Grill in Pot-Nets Bayside, and just down the street from Paradise Pub. And you're just short way from the community pool and clubhouse, which has a fitness center. Golf Carts are allowed. Transferable leasehold interest (annual lot rent increases are capped by 25 Del. C. Sec. 7050-4054). Homeowner pays electric, water, sewer, fuel (LP gas) & Internet/cable. Two-pet limit. No rentals of any kind are permitted (but family & friends may always visit you). Equity LifeStyle Properties, Inc. , the community owner, requires an Application from the Buyer, with acceptance based on the following criteria: 1.)income verification, 2.)credit bureau score, plus evaluation of debt-to-income ratio, and 3.)criminal background check. Financing may be available to qualified borrowers from a few Lenders that specialize in installment/chattel loans for manufactured homes on leased land (flood insurance will be required if you have a loan, otherwise it is optional). Closing costs will include 3.75% real estate transfer tax (collected as 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 9/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥100°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: $25,428
• − Mortgage interest: −$6,442
• − Property taxes: −$1,725
• − Insurance: −$6,100
• − Repairs & maintenance: −$2,034
• − Management: −$2,034
• − Depreciation: −$3,345
• Taxable income: $3,747
• Est. tax owed @ 24.0%: −$899
• After-tax cash flow: $4,127/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 improve its condition and increase its resale and rental value.

Repairs flagged

• Minor kitchen cabinets — slight wear
• Minor bathroom fixtures — dated design
• Moderate exterior siding — moderate wear

Value-add opportunities

• Both paint interior walls — enhances curb appeal and interior aesthetics
• Both replace carpet — improves comfort and reduces maintenance
• Both update kitchen cabinets — modernizes the space and increases appeal
• Both update bathroom fixtures — modernizes the space and increases appeal

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · slight wear	Minor	$500–3,000
bathroom fixtures · dated design	Minor	$500–3,000
exterior siding · moderate wear	Moderate	$3,000–15,000
Total estimated repair cost · 3 items		$4,000–21,000

Value-add ROI direction

• Both paint interior walls — enhances curb appeal and interior aesthetics ↑
• Both replace carpet — improves comfort and reduces maintenance ↑
• Both update kitchen cabinets — modernizes the space and increases appeal ↑
• Both update bathroom fixtures — modernizes the space and increases appeal ↑

ⓘ 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

• 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

-4.1% since first listed

5 events — show timeline

• 2026-04-29 Relisted — BRIGHT MLS
• 2026-04-28 Contingent — BRIGHT MLS
• 2026-03-25 Price Changed $119,900 BRIGHT MLS
• 2026-01-28 Listed $125,000 BRIGHT MLS
• 2026-01-24 Coming Soon $125,000 BRIGHT MLS