21157 M Street M-25 · Rehoboth Beach, DE 19971

$169,500

3 bd · 2.0 ba · 1,200 sqft · SingleFamily · 55 Days on market

Built 1986 Good condition $141/sqft · 47% above area Est $115k · 47% over

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.2/10.0
• Condition / age +3.8/5.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

This home sits on the edge of the tidal marshes overlooking the beautiful White Oak Creek, which flows out to the Rehoboth Bay. If you enjoy bird watching and other shore wildlife, you are going to love the views from the 10’x20’ enclosed, three-season E-Z-Breeze VinylTech porch(porch features tinted vinyl panes, but it is easy to change to clear vinyl if you prefer). Home has newer vinyl plank flooring throughout. Living room has a wood-burning fireplace & sliders out to the porch. Dining area adjoins the living room and kitchen. The kitchen has an electric range, range hood, fridge, dishwasher & disposal. Split bedroom plan. The main bedroom has a walk-in closet & its own bath with a soaking tub & separate stall shower. The other two bedroom and second full bath are beyond the kitchen. There is also a laundry room, with a full-size Maytag washer & dryer, down the hall from these bedroom. The laundry room has door out to the back deck with stairs leading down to the patio area. So much outdoor storage: Multiple sheds & walk-in storage under the porch to stash you kayaks, fishing gear, crab pots & more. Furnished. Newer roof in 2019. Home was elevated about 3 years ago, so there are all new plumbing and electrical connections under the home. Leasehold Interest: Lot Rent of approx. $750/mt. , which includes water service, trash/recycle & pool membership (nominal fee for pool passes). Homeowner pays electric, public sewer, cable/Internet. Community boat ramp, with boat storage & slips available for rent. Hometown America, the community owner, requires an Application from the Buyer (and all occupants 18-year-of-age or older), 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. (Note: Family & friends may always visit, but rentals are NOT permitted in this community. ) Financing may be available to qualified borrowers from only a very few Lenders who specialize in installment/chattel loans for manufactured homes on leased land. Closing costs will include 3.75% DMV Doc Fee & Settlement Agent fee.

Key facts

• Quartz countertop
• Newer appliances
• Updated kitchen

Tags

• CUL-DE-SAC
• THREE SEASONS ROOM
• UPDATED KITCHEN
• QUARTZ COUNTERTOP
• PANTRY CLOSET
• NEWER APPLIANCES

Property features AI

Finance

• Financial info: Property is on a land lease ($886 monthly)
• HOA & community: Community pool

Exterior

• Parking: Driveway parking (4 spaces); Total of 4 garage/parking spaces
• Utilities: Public water; Public sewer; Electric cooling and heating; Central air; Electric hot water
• Home design: Manufactured property; Modular/Manufactured construction with wood siding; Shingle roof; Average condition; Land lease ownership (monthly land lease); Land lease: $886 monthly; approximately 1 year remaining
• Construction: Manufactured structure; Wood siding; Shingle roof; Above-grade structures present
• Exterior features: Community pool; Water access to Rehoboth Bay for fishing, canoeing/kayaking; Water-oriented property; Shed on the property; Located outside city limits; located off Old Landing Rd (use GPS)

Interior

• Kitchen: Electric oven/range; Built-in microwave; Dishwasher; Refrigerator
• Bedrooms: Three bedrooms on the main level
• Flooring: Carpet; Luxury vinyl plank
• Bathrooms: Two full bathrooms (both on the main level)
• Heating & cooling: Forced air with heat pump(s); Electric heating fuel; Central air conditioning (electric)
• Interior features: Drywall and paneled walls; Furnished; Estimated living area
• Laundry & utility: Washer and dryer included; Hot water: Electric

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $170k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $719 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $170k).
• Recommended offer: $164k (3.0% below list) — sets the bar for market timing.
• Cap rate 14.6% vs local median 1.1% in Rehoboth Beach — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 71/100 on livability (#20 in DE) — a middle-class / working-renter tenant base. Strengths: schools A+, amenities A+, employment A+; Watch: crime F, commute F, cost of living F.
• Cape Henlopen School District (town): math 42% / reading 55% proficiency, ranked #5 of 26 in DE (top 19%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 331 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 4,354 units permitted in Sussex County in 2024 (344 in 5+ unit buildings).
• This rent runs 35% of the median local income ($102k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $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 $47k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 55 days — a 3% lower offer ($164k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y ago; 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

• 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→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $164,415 (3.0% below list)

Questions for the listing agent

1. It's been on market 55 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. 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.
7. 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.
8. 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: 1.76% ✓
• Cap rate: 14.64%
• Cash-on-cash: 29.82%
• DSCR: 2.33
• GRM: 4.7

CMA / ARV

• ARV (median comp): $115,362
• List price: $169,500
• Delta: 46.93%
• 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
21272 M St Unit M-1	0.18mi	3/2.0	1,200 (0%)	0mo	$168,000	$140	91
21229 N Street	0.10mi	2/2.0 (-1)	1,188 (-1%)	1mo	$175,000	$147	87
21251 K St #38492	0.17mi	2/2.0 (-1)	1,152 (-4%)	4mo	$115,000	$100	77
21223 N St Unit N-20	0.10mi	2/2.0 (-1)	1,100 (-8%)	5mo	$90,000	$82	73
21326 Point Circle Cir #42251	0.16mi	3/2.0	1,100 (-8%)	10mo	$131,000	$119	70
21715 A St	0.61mi	3/2.0	1,200 (0%)	3mo	$155,000	$129	69
35971 Jake Dr	0.27mi	3/2.0	1,040 (-13%)	1mo	$148,000	$142	64
35988 Jake Dr	0.31mi	3/2.0	1,344 (+12%)	9mo	$188,900	$141	58
21730 B St	0.39mi	3/2.0	1,350 (+12%)	5mo	$230,000	$170	57
21749 E St	0.62mi	3/2.0	1,272 (+6%)	7mo	$237,000	$186	55
37 Branchwood Dr #13034	0.57mi	3/2.0	1,076 (-10%)	9mo	$147,500	$137	48
21730 E St Unit E-29	0.60mi	3/2.0	1,030 (-14%)	2mo	$128,000	$124	46

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: 9.9%
• Equity multiple: 1.39×
• Total profit: $18,646
• Equity at exit: $25,273

10-year hold

• IRR: 19.2%
• Equity multiple: 2.61×
• Total profit: $76,522
• Equity at exit: $14,655

Cash invested: $47,460 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 70 Landlord-Friendly
• State Delaware: 70 Landlord-Friendly · D+7
• County: — inherits STATE
• City: — inherits STATE

Court of Common Pleas hears L&T; moderate-paced. No state rent control.

Methodology + full state rankings →

ZIP-level market 19971

• Active inventory: 331
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $2,976 medium
• Mortgage (P&I): −$889
• Tax est. 1.5%: −$212 /mo · $2,542/yr
• Insurance: −$71
• Flood insurance flood zone: −$460 /mo · $5,525/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$625
• Net cashflow: $719

Break-even live

Break-even rent $2,066

Max offer price $169,500

Occupancy floor 71%

Sensitivity live

Price	-10% $836	-5% $777	+0% $719	+5% $660	+10% $602
Rent	-10% $484	-5% $601	+0% $719	+5% $836	+10% $954
Rate	-1.0pp $804	-0.5pp $762	base $719	+0.5pp $675	+1.0pp $630

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: $42,375
• Closing costs: $5,085
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
36400 Warwick Dr Rehoboth Beach, DE	3.0	2.5	792	$3,500	$4.42	45d	1	0.46mi
3500 Sanibel Cir #3516 Rehoboth Beach, DE	2.0	2.0	1150	$2,000	$1.74	22d	1	1.39mi
3300 Sanibel Cir #3301 Rehoboth Beach, DE	3.0	2.0	1395	$2,100	$1.51	45d	1	1.43mi

Listing history 26 events

1. 2026-06-19
   price $169,500 Active 55 DOM
2. 2026-06-18
   days on market $179,900 Active 55 DOM
3. 2026-06-17
   days on market $179,900 Active 54 DOM
4. 2026-06-16
   days on market $179,900 Active 53 DOM
5. 2026-06-15
   days on market $179,900 Active 52 DOM
6. 2026-06-14
   days on market $179,900 Active 50 DOM
7. 2026-06-13
   days on market $179,900 Active 49 DOM
8. 2026-06-10
   days on market $179,900 Active 47 DOM
9. 2026-06-09
   days on market $179,900 Active 46 DOM
10. 2026-06-08
    days on market $179,900 Active 45 DOM
11. 2026-06-07
    days on market $179,900 Active 44 DOM
12. 2026-06-05
    days on market $179,900 Active 41 DOM
13. 2026-06-03
    days on market $179,900 Active 40 DOM
14. 2026-06-02
    days on market $179,900 Active 39 DOM
15. 2026-06-01
    days on market $179,900 Active 38 DOM
16. 2026-05-31
    days on market $179,900 Active 37 DOM
17. 2026-05-30
    days on market $179,900 Active 36 DOM
18. 2026-04-24
    listed $179,900 Active 1331-char remark
19. 2022-07-22
    soldstatus $150,000 Closed 2224-char remark

    Show marketing remark (2224 chars)

    This home sits on the edge of the tidal marshes overlooking the beautiful White Oak Creek, which flows out to the Rehoboth Bay. If you enjoy bird watching and other shore wildlife, you are going to love the views from the 10’x20’ enclosed, three-season E-Z-Breeze VinylTech porch(porch features tinted vinyl panes, but it is easy to change to clear vinyl if you prefer). Home has newer vinyl plank flooring throughout. Living room has a wood-burning fireplace & sliders out to the porch. Dining area adjoins the living room and kitchen. The kitchen has an electric range, range hood, fridge, dishwasher & disposal. Split bedroom plan. The main bedroom has a walk-in closet & its own bath with a soaking tub & separate stall shower. The other two bedroom and second full bath are beyond the kitchen. There is also a laundry room, with a full-size Maytag washer & dryer, down the hall from these bedroom. The laundry room has door out to the back deck with stairs leading down to the patio area. So much outdoor storage: Multiple sheds & walk-in storage under the porch to stash you kayaks, fishing gear, crab pots & more. Furnished. Newer roof in 2019. Home was elevated about 3 years ago, so there are all new plumbing and electrical connections under the home. Leasehold Interest: Lot Rent of approx. $750/mt. , which includes water service, trash/recycle & pool membership (nominal fee for pool passes). Homeowner pays electric, public sewer, cable/Internet. Community boat ramp, with boat storage & slips available for rent. Hometown America, the community owner, requires an Application from the Buyer (and all occupants 18-year-of-age or older), 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. (Note: Family & friends may always visit, but rentals are NOT permitted in this community. ) Financing may be available to qualified borrowers from only a very few Lenders who specialize in installment/chattel loans for manufactured homes on leased land. Closing costs will include 3.75% DMV Doc Fee & Settlement Agent fee.

20. 2022-07-16
    status Pending 2224-char remark

    Show marketing remark (2224 chars)

    This home sits on the edge of the tidal marshes overlooking the beautiful White Oak Creek, which flows out to the Rehoboth Bay. If you enjoy bird watching and other shore wildlife, you are going to love the views from the 10’x20’ enclosed, three-season E-Z-Breeze VinylTech porch(porch features tinted vinyl panes, but it is easy to change to clear vinyl if you prefer). Home has newer vinyl plank flooring throughout. Living room has a wood-burning fireplace & sliders out to the porch. Dining area adjoins the living room and kitchen. The kitchen has an electric range, range hood, fridge, dishwasher & disposal. Split bedroom plan. The main bedroom has a walk-in closet & its own bath with a soaking tub & separate stall shower. The other two bedroom and second full bath are beyond the kitchen. There is also a laundry room, with a full-size Maytag washer & dryer, down the hall from these bedroom. The laundry room has door out to the back deck with stairs leading down to the patio area. So much outdoor storage: Multiple sheds & walk-in storage under the porch to stash you kayaks, fishing gear, crab pots & more. Furnished. Newer roof in 2019. Home was elevated about 3 years ago, so there are all new plumbing and electrical connections under the home. Leasehold Interest: Lot Rent of approx. $750/mt. , which includes water service, trash/recycle & pool membership (nominal fee for pool passes). Homeowner pays electric, public sewer, cable/Internet. Community boat ramp, with boat storage & slips available for rent. Hometown America, the community owner, requires an Application from the Buyer (and all occupants 18-year-of-age or older), 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. (Note: Family & friends may always visit, but rentals are NOT permitted in this community. ) Financing may be available to qualified borrowers from only a very few Lenders who specialize in installment/chattel loans for manufactured homes on leased land. Closing costs will include 3.75% DMV Doc Fee & Settlement Agent fee.

21. 2022-06-20
    historical Active Under Contract 2224-char remark

    Show marketing remark (2224 chars)

    This home sits on the edge of the tidal marshes overlooking the beautiful White Oak Creek, which flows out to the Rehoboth Bay. If you enjoy bird watching and other shore wildlife, you are going to love the views from the 10’x20’ enclosed, three-season E-Z-Breeze VinylTech porch(porch features tinted vinyl panes, but it is easy to change to clear vinyl if you prefer). Home has newer vinyl plank flooring throughout. Living room has a wood-burning fireplace & sliders out to the porch. Dining area adjoins the living room and kitchen. The kitchen has an electric range, range hood, fridge, dishwasher & disposal. Split bedroom plan. The main bedroom has a walk-in closet & its own bath with a soaking tub & separate stall shower. The other two bedroom and second full bath are beyond the kitchen. There is also a laundry room, with a full-size Maytag washer & dryer, down the hall from these bedroom. The laundry room has door out to the back deck with stairs leading down to the patio area. So much outdoor storage: Multiple sheds & walk-in storage under the porch to stash you kayaks, fishing gear, crab pots & more. Furnished. Newer roof in 2019. Home was elevated about 3 years ago, so there are all new plumbing and electrical connections under the home. Leasehold Interest: Lot Rent of approx. $750/mt. , which includes water service, trash/recycle & pool membership (nominal fee for pool passes). Homeowner pays electric, public sewer, cable/Internet. Community boat ramp, with boat storage & slips available for rent. Hometown America, the community owner, requires an Application from the Buyer (and all occupants 18-year-of-age or older), 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. (Note: Family & friends may always visit, but rentals are NOT permitted in this community. ) Financing may be available to qualified borrowers from only a very few Lenders who specialize in installment/chattel loans for manufactured homes on leased land. Closing costs will include 3.75% DMV Doc Fee & Settlement Agent fee.

22. 2022-05-10
    price $150,000 2224-char remark

    Show marketing remark (2224 chars)

    This home sits on the edge of the tidal marshes overlooking the beautiful White Oak Creek, which flows out to the Rehoboth Bay. If you enjoy bird watching and other shore wildlife, you are going to love the views from the 10’x20’ enclosed, three-season E-Z-Breeze VinylTech porch(porch features tinted vinyl panes, but it is easy to change to clear vinyl if you prefer). Home has newer vinyl plank flooring throughout. Living room has a wood-burning fireplace & sliders out to the porch. Dining area adjoins the living room and kitchen. The kitchen has an electric range, range hood, fridge, dishwasher & disposal. Split bedroom plan. The main bedroom has a walk-in closet & its own bath with a soaking tub & separate stall shower. The other two bedroom and second full bath are beyond the kitchen. There is also a laundry room, with a full-size Maytag washer & dryer, down the hall from these bedroom. The laundry room has door out to the back deck with stairs leading down to the patio area. So much outdoor storage: Multiple sheds & walk-in storage under the porch to stash you kayaks, fishing gear, crab pots & more. Furnished. Newer roof in 2019. Home was elevated about 3 years ago, so there are all new plumbing and electrical connections under the home. Leasehold Interest: Lot Rent of approx. $750/mt. , which includes water service, trash/recycle & pool membership (nominal fee for pool passes). Homeowner pays electric, public sewer, cable/Internet. Community boat ramp, with boat storage & slips available for rent. Hometown America, the community owner, requires an Application from the Buyer (and all occupants 18-year-of-age or older), 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. (Note: Family & friends may always visit, but rentals are NOT permitted in this community. ) Financing may be available to qualified borrowers from only a very few Lenders who specialize in installment/chattel loans for manufactured homes on leased land. Closing costs will include 3.75% DMV Doc Fee & Settlement Agent fee.

23. 2022-05-02
    status Active 2224-char remark

    Show marketing remark (2224 chars)

    This home sits on the edge of the tidal marshes overlooking the beautiful White Oak Creek, which flows out to the Rehoboth Bay. If you enjoy bird watching and other shore wildlife, you are going to love the views from the 10’x20’ enclosed, three-season E-Z-Breeze VinylTech porch(porch features tinted vinyl panes, but it is easy to change to clear vinyl if you prefer). Home has newer vinyl plank flooring throughout. Living room has a wood-burning fireplace & sliders out to the porch. Dining area adjoins the living room and kitchen. The kitchen has an electric range, range hood, fridge, dishwasher & disposal. Split bedroom plan. The main bedroom has a walk-in closet & its own bath with a soaking tub & separate stall shower. The other two bedroom and second full bath are beyond the kitchen. There is also a laundry room, with a full-size Maytag washer & dryer, down the hall from these bedroom. The laundry room has door out to the back deck with stairs leading down to the patio area. So much outdoor storage: Multiple sheds & walk-in storage under the porch to stash you kayaks, fishing gear, crab pots & more. Furnished. Newer roof in 2019. Home was elevated about 3 years ago, so there are all new plumbing and electrical connections under the home. Leasehold Interest: Lot Rent of approx. $750/mt. , which includes water service, trash/recycle & pool membership (nominal fee for pool passes). Homeowner pays electric, public sewer, cable/Internet. Community boat ramp, with boat storage & slips available for rent. Hometown America, the community owner, requires an Application from the Buyer (and all occupants 18-year-of-age or older), 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. (Note: Family & friends may always visit, but rentals are NOT permitted in this community. ) Financing may be available to qualified borrowers from only a very few Lenders who specialize in installment/chattel loans for manufactured homes on leased land. Closing costs will include 3.75% DMV Doc Fee & Settlement Agent fee.

24. 2022-04-20
    historical Active Under Contract 2224-char remark

    Show marketing remark (2224 chars)

    This home sits on the edge of the tidal marshes overlooking the beautiful White Oak Creek, which flows out to the Rehoboth Bay. If you enjoy bird watching and other shore wildlife, you are going to love the views from the 10’x20’ enclosed, three-season E-Z-Breeze VinylTech porch(porch features tinted vinyl panes, but it is easy to change to clear vinyl if you prefer). Home has newer vinyl plank flooring throughout. Living room has a wood-burning fireplace & sliders out to the porch. Dining area adjoins the living room and kitchen. The kitchen has an electric range, range hood, fridge, dishwasher & disposal. Split bedroom plan. The main bedroom has a walk-in closet & its own bath with a soaking tub & separate stall shower. The other two bedroom and second full bath are beyond the kitchen. There is also a laundry room, with a full-size Maytag washer & dryer, down the hall from these bedroom. The laundry room has door out to the back deck with stairs leading down to the patio area. So much outdoor storage: Multiple sheds & walk-in storage under the porch to stash you kayaks, fishing gear, crab pots & more. Furnished. Newer roof in 2019. Home was elevated about 3 years ago, so there are all new plumbing and electrical connections under the home. Leasehold Interest: Lot Rent of approx. $750/mt. , which includes water service, trash/recycle & pool membership (nominal fee for pool passes). Homeowner pays electric, public sewer, cable/Internet. Community boat ramp, with boat storage & slips available for rent. Hometown America, the community owner, requires an Application from the Buyer (and all occupants 18-year-of-age or older), 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. (Note: Family & friends may always visit, but rentals are NOT permitted in this community. ) Financing may be available to qualified borrowers from only a very few Lenders who specialize in installment/chattel loans for manufactured homes on leased land. Closing costs will include 3.75% DMV Doc Fee & Settlement Agent fee.

25. 2022-04-11
    price $155,000 2224-char remark

    Show marketing remark (2224 chars)

    This home sits on the edge of the tidal marshes overlooking the beautiful White Oak Creek, which flows out to the Rehoboth Bay. If you enjoy bird watching and other shore wildlife, you are going to love the views from the 10’x20’ enclosed, three-season E-Z-Breeze VinylTech porch(porch features tinted vinyl panes, but it is easy to change to clear vinyl if you prefer). Home has newer vinyl plank flooring throughout. Living room has a wood-burning fireplace & sliders out to the porch. Dining area adjoins the living room and kitchen. The kitchen has an electric range, range hood, fridge, dishwasher & disposal. Split bedroom plan. The main bedroom has a walk-in closet & its own bath with a soaking tub & separate stall shower. The other two bedroom and second full bath are beyond the kitchen. There is also a laundry room, with a full-size Maytag washer & dryer, down the hall from these bedroom. The laundry room has door out to the back deck with stairs leading down to the patio area. So much outdoor storage: Multiple sheds & walk-in storage under the porch to stash you kayaks, fishing gear, crab pots & more. Furnished. Newer roof in 2019. Home was elevated about 3 years ago, so there are all new plumbing and electrical connections under the home. Leasehold Interest: Lot Rent of approx. $750/mt. , which includes water service, trash/recycle & pool membership (nominal fee for pool passes). Homeowner pays electric, public sewer, cable/Internet. Community boat ramp, with boat storage & slips available for rent. Hometown America, the community owner, requires an Application from the Buyer (and all occupants 18-year-of-age or older), 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. (Note: Family & friends may always visit, but rentals are NOT permitted in this community. ) Financing may be available to qualified borrowers from only a very few Lenders who specialize in installment/chattel loans for manufactured homes on leased land. Closing costs will include 3.75% DMV Doc Fee & Settlement Agent fee.

26. 2022-03-07
    listed $165,000 Active 2224-char remark

    Show marketing remark (2224 chars)

    This home sits on the edge of the tidal marshes overlooking the beautiful White Oak Creek, which flows out to the Rehoboth Bay. If you enjoy bird watching and other shore wildlife, you are going to love the views from the 10’x20’ enclosed, three-season E-Z-Breeze VinylTech porch(porch features tinted vinyl panes, but it is easy to change to clear vinyl if you prefer). Home has newer vinyl plank flooring throughout. Living room has a wood-burning fireplace & sliders out to the porch. Dining area adjoins the living room and kitchen. The kitchen has an electric range, range hood, fridge, dishwasher & disposal. Split bedroom plan. The main bedroom has a walk-in closet & its own bath with a soaking tub & separate stall shower. The other two bedroom and second full bath are beyond the kitchen. There is also a laundry room, with a full-size Maytag washer & dryer, down the hall from these bedroom. The laundry room has door out to the back deck with stairs leading down to the patio area. So much outdoor storage: Multiple sheds & walk-in storage under the porch to stash you kayaks, fishing gear, crab pots & more. Furnished. Newer roof in 2019. Home was elevated about 3 years ago, so there are all new plumbing and electrical connections under the home. Leasehold Interest: Lot Rent of approx. $750/mt. , which includes water service, trash/recycle & pool membership (nominal fee for pool passes). Homeowner pays electric, public sewer, cable/Internet. Community boat ramp, with boat storage & slips available for rent. Hometown America, the community owner, requires an Application from the Buyer (and all occupants 18-year-of-age or older), 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. (Note: Family & friends may always visit, but rentals are NOT permitted in this community. ) Financing may be available to qualified borrowers from only a very few Lenders who specialize in installment/chattel loans for manufactured homes on leased land. Closing costs will include 3.75% DMV Doc Fee & 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 7/10 Severe FEMA zone AE · 96% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥100°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: $35,706
• − Mortgage interest: −$9,495
• − Property taxes: −$2,542
• − Insurance: −$6,373
• − Repairs & maintenance: −$2,856
• − Management: −$2,856
• − Depreciation: −$4,931
• Taxable income: $6,652
• Est. tax owed @ 24.0%: −$1,597
• After-tax cash flow: $7,030/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 single-family home in Rehoboth Bay is in good condition with updated kitchen and bathrooms, and a good roof. It's ready for a fresh coat of paint and new flooring to enhance its curb appeal and rental value.

Value-add opportunities

• Both paint exterior — enhances curb appeal and resale value
• Both update flooring — modernizes the home and improves rental appeal

Renovation cost estimate screening

Value-add ROI direction

• Both paint exterior — enhances curb appeal and resale value ↑
• Both update flooring — modernizes the home and improves rental 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: Cape Henlopen School District
• NCES district ID: 1000170
• Math proficiency: 42% ▼ -14.00%
• Reading proficiency: 55% ▼ -10.00%
• Median HH income: $60,196
• Composite: 42.47/100
• National rank: #3214
• State rank: #5 of 26 in DE

Livability — Rehoboth Beach

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

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

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

Population outlook (Sussex County) Hauer SSP2

• Today (2025): 248,853 people
• By 2030: 264,464 · +6.3%
• By 2040: 290,980 · +16.9%
• By 2050: 311,259 · +25.1%
• By 2075: 352,488 · +41.6%
• By 2100: 367,406 · +47.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Black 4% Two or more races 4% Hispanic / Latino 3% Asian 2%
• Common ancestry: Romanian 5% Slovak 3% Italian 3%
• Foreign-born: 6% · Canada, China
• Languages at home: 95% English-only · Spanish 2% Russian/Polish/Slavic 1% French/Haitian/Cajun 1%

Political lean MEDSL · Sussex

• 2024 margin: R (+11.0) · D 43.9% · R 54.9% · Other 1.2%
• 2008→2024 swing: -2.4pp toward R · 2008: -8.6pp · 2024: -11.0pp
• All cycles: 2024: R+11.0 2020: R+11.2 2016: R+22.0 2012: R+13.0 2008: R+8.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -220.39%
• Current HPI: 353.3977
• Rent YoY: —
• Metro: Salisbury, MD-DE
• State GDP YoY: —
• F500 in state: 0

Price history

+2.7% since first listed

10 events — show timeline

• 2026-06-19 Price Changed $169,500 BRIGHT MLS
• 2026-04-24 Listed $179,900 BRIGHT MLS
• 2022-07-22 Sold (MLS) $150,000 BRIGHT MLS
• 2022-07-16 Pending — BRIGHT MLS
• 2022-06-20 Contingent — BRIGHT MLS
• 2022-05-10 Price Changed $150,000 BRIGHT MLS
• 2022-05-02 Relisted — BRIGHT MLS
• 2022-04-20 Contingent — BRIGHT MLS
• 2022-04-11 Price Changed $155,000 BRIGHT MLS
• 2022-03-07 Listed $165,000 BRIGHT MLS