34879 Halyard St Unit E-443 · Long Neck, DE 19966

$175,000

3 bd · 2.0 ba · 1,344 sqft · SingleFamily · 75 Days on market

Built 2004 Good condition $130/sqft · 29% above area Est $135k · 29% over ↓ 5% since listing

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Why this score? — see what drove the C 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 +28.5/30.0
• DSCR +10.0/10.0
• 1% rule +7.9/10.0
• Condition / age +4.0/5.0
• Livability +3.5/5.0
• Schools +2.9/10.0
• Rent growth +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Step into a world of comfort and charm with this delightful 3-bedroom, 2-bathroom residence, perfectly situated in the vibrant community of Bayside. Spanning an impressive 1,344 sq ft, this home is designed to cater to your every need, offering a harmonious blend of style and functionality. Start your day on the inviting porch, where you can sip your morning coffee while soaking in the serene surroundings. As the sun sets, gather family and friends on the spacious sun deck, ideal for hosting memorable barbecues and outdoor gatherings. The beautifully manicured gardens surrounding the property add a touch of nature’s beauty, creating a peaceful retreat right at your doorstep. Step inside to discover an open dine-in kitchen that is both stylish and practical. Featuring freshly painted cabinets, this space is perfect for culinary adventures and family meals. The vaulted ceilings and luxury vinyl plank flooring throughout the home enhance the airy ambiance, making every room feel bright and welcoming. Retreat to the spacious primary suite, your personal sanctuary designed for relaxation. The ensuite bathroom is a true highlight, featuring a soaking tub and a walk-in shower, providing the perfect escape after a long day. With two additional bedrooms, there’s plenty of space for family, guests, or even a home office. This home is equipped with modern conveniences, including a brand new roof installed in 2025, ensuring peace of mind for years to come. The 14x14 shed, complete with power, is perfect for storing your golf car, beach gear, or any outdoor equipment, making it easy to embrace the Bayside lifestyle. Enjoy ample parking for guests on the large asphalt driveway, making entertaining a breeze. As part of a vibrant community, you’ll have access to private beaches, marinas, and a plethora of outdoor activities that cater to every lifestyle. Whether you’re looking to relax by the water or explore the great outdoors, Bayside offers the perfect backdrop for your adventures. This charming residence is more than just a house; it’s a place where relaxation meets recreation. Don’t miss your chance to make this dream home your reality. Schedule a viewing today and start your journey to living the Bayside lifestyle!

Key facts

• Spacious sun deck
• Open dine-in kitchen
• Manicured gardens

Tags

• INVITING PORCH
• SPACIOUS SUN DECK
• MANICURED GARDENS
• OPEN DINE-IN KITCHEN
• FRESHLY PAINTED CABINETS
• VAULTED CEILINGS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $175k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $571 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).
• Recommended offer: $164k (6.0% below list) — sets the bar for market timing.
• Cap rate 10.2% 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; 1 comparable units currently listed for rent nearby; solid renter incomes; 4,354 units permitted in Sussex County in 2024 (344 in 5+ unit buildings).
• This rent runs 35% 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 $49k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 75 days — a 6% lower offer ($164k) 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 $164,500 (6.0% below list)

Questions for the listing agent

1. It's been on market 75 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: 1.29% ✓
• Cap rate: 10.21%
• Cash-on-cash: 13.97%
• DSCR: 1.62
• GRM: 6.5

CMA / ARV

• ARV (median comp): $135,420
• List price: $175,000
• Delta: 29.23%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
34848 Halyard St Unit E-431	0.08mi	3/2.0	1,366 (+2%)	5mo	$273,176	$200	89
34995 Keelson St Unit E-274	0.12mi	3/2.0	1,232 (-8%)	3mo	$158,500	$129	78
26013 Seagull Ln #48469	0.66mi	3/2.0	1,344 (0%)	1mo	$90,000	$67	68
35434 Pine Dr	0.49mi	3/2.0	1,396 (+4%)	3mo	$106,500	$76	68
26990 Wood Duck Rd #52697	0.64mi	3/2.0	1,334 (-1%)	1mo	$180,000	$135	68
34488 Easy St Unit E-810	0.41mi	3/2.0	1,456 (+8%)	0mo	$190,000	$130	66
34484 Oak Ln	0.62mi	3/2.0	1,400 (+4%)	1mo	$207,900	$149	63
26545 Woodchuck Ln Unit E-862	0.57mi	3/2.0	1,456 (+8%)	0mo	$159,000	$109	59
34635 Deck St Unit E-323	0.34mi	4/2.0 (+1)	1,168 (-13%)	3mo	$134,900	$115	55
35539 Pine Dr	0.69mi	3/2.0	1,216 (-10%)	4mo	$93,500	$77	48
35518 Joann Dr #137	0.66mi	2/— (-1)	1,484 (+10%)	3mo	$138,000	$93	44
35547 E Harbor Dr	0.72mi	2/2.0 (-1)	1,184 (-12%)	1mo	$165,000	$139	41

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: 4.2%
• Equity multiple: 1.16×
• Total profit: $8,017
• Equity at exit: $26,093

10-year hold

• IRR: 13.7%
• Equity multiple: 2.10×
• Total profit: $53,914
• Equity at exit: $15,131

Cash invested: $49,000 (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: 6.5×

Monthly cashflow live

• Estimated rent: $2,253 medium
• Mortgage (P&I): −$918
• Tax est. 1.5%: −$219 /mo · $2,625/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$473
• Net cashflow: $571

Break-even live

Break-even rent $1,531

Max offer price $175,000

Occupancy floor 70%

Sensitivity live

Price	-10% $692	-5% $631	+0% $571	+5% $510	+10% $450
Rent	-10% $393	-5% $482	+0% $571	+5% $660	+10% $749
Rate	-1.0pp $659	-0.5pp $615	base $571	+0.5pp $525	+1.0pp $479

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 1 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	14d	1	0.57mi

Listing history 16 events

1. 2026-06-18
   days on market $175,000 Active 75 DOM
2. 2026-06-17
   days on market $175,000 Active 74 DOM
3. 2026-06-16
   days on market $175,000 Active 73 DOM
4. 2026-06-15
   days on market $175,000 Active 72 DOM
5. 2026-06-14
   days on market $175,000 Active 70 DOM
6. 2026-06-13
   pricedays on market $175,000 Active 69 DOM
7. 2026-06-10
   days on market $185,000 Active 67 DOM
8. 2026-06-09
   days on market $185,000 Active 66 DOM
9. 2026-06-08
   days on market $185,000 Active 65 DOM
10. 2026-06-07
    days on market $185,000 Active 64 DOM
11. 2026-06-02
    days on market $185,000 Active 59 DOM
12. 2026-06-01
    days on market $185,000 Active 58 DOM
13. 2026-05-31
    days on market $185,000 Active 57 DOM
14. 2026-05-30
    days on market $185,000 Active 56 DOM
15. 2026-05-11
    price $185,000 2280-char remark

    Show marketing remark (2280 chars)

    Step into a world of comfort and charm with this delightful 3-bedroom, 2-bathroom residence, perfectly situated in the vibrant community of Bayside. Spanning an impressive 1,344 sq ft, this home is designed to cater to your every need, offering a harmonious blend of style and functionality. Start your day on the inviting porch, where you can sip your morning coffee while soaking in the serene surroundings. As the sun sets, gather family and friends on the spacious sun deck, ideal for hosting memorable barbecues and outdoor gatherings. The beautifully manicured gardens surrounding the property add a touch of nature’s beauty, creating a peaceful retreat right at your doorstep. Step inside to discover an open dine-in kitchen that is both stylish and practical. Featuring freshly painted cabinets, this space is perfect for culinary adventures and family meals. The vaulted ceilings and luxury vinyl plank flooring throughout the home enhance the airy ambiance, making every room feel bright and welcoming. Retreat to the spacious primary suite, your personal sanctuary designed for relaxation. The ensuite bathroom is a true highlight, featuring a soaking tub and a walk-in shower, providing the perfect escape after a long day. With two additional bedrooms, there’s plenty of space for family, guests, or even a home office. This home is equipped with modern conveniences, including a brand new roof installed in 2025, ensuring peace of mind for years to come. The 14x14 shed, complete with power, is perfect for storing your golf car, beach gear, or any outdoor equipment, making it easy to embrace the Bayside lifestyle. Enjoy ample parking for guests on the large asphalt driveway, making entertaining a breeze. As part of a vibrant community, you’ll have access to private beaches, marinas, and a plethora of outdoor activities that cater to every lifestyle. Whether you’re looking to relax by the water or explore the great outdoors, Bayside offers the perfect backdrop for your adventures. This charming residence is more than just a house; it’s a place where relaxation meets recreation. Don’t miss your chance to make this dream home your reality. Schedule a viewing today and start your journey to living the Bayside lifestyle!

16. 2026-04-04
    listed $195,000 Active 2280-char remark

    Show marketing remark (2280 chars)

    Step into a world of comfort and charm with this delightful 3-bedroom, 2-bathroom residence, perfectly situated in the vibrant community of Bayside. Spanning an impressive 1,344 sq ft, this home is designed to cater to your every need, offering a harmonious blend of style and functionality. Start your day on the inviting porch, where you can sip your morning coffee while soaking in the serene surroundings. As the sun sets, gather family and friends on the spacious sun deck, ideal for hosting memorable barbecues and outdoor gatherings. The beautifully manicured gardens surrounding the property add a touch of nature’s beauty, creating a peaceful retreat right at your doorstep. Step inside to discover an open dine-in kitchen that is both stylish and practical. Featuring freshly painted cabinets, this space is perfect for culinary adventures and family meals. The vaulted ceilings and luxury vinyl plank flooring throughout the home enhance the airy ambiance, making every room feel bright and welcoming. Retreat to the spacious primary suite, your personal sanctuary designed for relaxation. The ensuite bathroom is a true highlight, featuring a soaking tub and a walk-in shower, providing the perfect escape after a long day. With two additional bedrooms, there’s plenty of space for family, guests, or even a home office. This home is equipped with modern conveniences, including a brand new roof installed in 2025, ensuring peace of mind for years to come. The 14x14 shed, complete with power, is perfect for storing your golf car, beach gear, or any outdoor equipment, making it easy to embrace the Bayside lifestyle. Enjoy ample parking for guests on the large asphalt driveway, making entertaining a breeze. As part of a vibrant community, you’ll have access to private beaches, marinas, and a plethora of outdoor activities that cater to every lifestyle. Whether you’re looking to relax by the water or explore the great outdoors, Bayside offers the perfect backdrop for your adventures. This charming residence is more than just a house; it’s a place where relaxation meets recreation. Don’t miss your chance to make this dream home your reality. Schedule a viewing today and start your journey to living the Bayside lifestyle!

ⓘ 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: $27,038
• − Mortgage interest: −$9,803
• − Property taxes: −$2,625
• − Insurance: −$875
• − Repairs & maintenance: −$2,163
• − Management: −$2,163
• − Depreciation: −$5,091
• Taxable income: $4,318
• Est. tax owed @ 24.0%: −$1,036
• After-tax cash flow: $5,811/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 80/100 Cosmetic rehab

This home is in good condition with a fresh exterior and well-maintained interior. It has a good curb appeal and is ready for minor updates to enhance its value.

Value-add opportunities

• Both Paint exterior — Fresh paint enhances curb appeal and can increase both resale and rental value.
• Both Replace worn-out furniture — Fresh, updated furniture can make the home more appealing to potential buyers or renters.
• Both Install smart home devices — Smart home devices can increase the home's value by making it more energy-efficient and convenient for potential buyers or renters.

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior — Fresh paint enhances curb appeal and can increase both resale and rental value. ↑
• Both Replace worn-out furniture — Fresh, updated furniture can make the home more appealing to potential buyers or renters. ↑
• Both Install smart home devices — Smart home devices can increase the home's value by making it more energy-efficient and convenient for potential buyers or renters. ↑

ⓘ 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

-5.1% since first listed

2 events — show timeline

• 2026-05-11 Price Changed $185,000 BRIGHT MLS
• 2026-04-04 Listed $195,000 BRIGHT MLS