🏷️ Likely Rental
35653 Highlands Way #182 · Lewes, DE
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $476 – $884
Heat risk 8/10 · Major
- Hot days now (above 101°F)
- 7 days/yr
- Hot days in 30 yrs
- 18 days/yr
Wind risk 8/10 · Major
- Chance of severe wind over 30 yrs
- 80.0%
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 1 days/yr
- Unhealthy air days in 30 yrs
- 1 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the B+ grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- Cash flow +30.0/30.0
- ARV discount +15.0/15.0
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- Schools +4.2/10.0
- Condition / age +3.8/5.0
- Livability +3.4/5.0
- Rent growth +2.5/5.0
- Appreciation +0.0/10.0
$119,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Aspen Meadows really is the place to be if you want a beach get-away. .. but this home is certainly spacious enough for your year-round residence, too! Less than a 4-mile drive to the famous Rehoboth Beach boardwalk. Only 5 miles to the Lewes public beach, with the Cape Henlopen State Park beach not much farther away. The Wolfe Neck trailhead to the State Park’s hiking/biking trail is right down the road if you prefer to bike to the beach. And you're near the community pool and clubhouse, which has a fitness center. Fully Furnished – Turned Key – So you can move right in! This 1989 Schult is the Crystal Manor-model, which is a 14’x70’ with an 8’x16’ tip out for +1,100 sq. ft. of living space. Vaulted ceilings throughout with skylights for pleasant natural lighting. LVP flooring. The kitchen has a breakfast-bar center island. There’s an adjoining dining area in the tip out. Upgraded kitchen countertops. Many new or new appliances: new fridge in 2009, new microwave in 2010 & a new dishwasher in 2022. The hall laundry is next to the kitchen; the washer was replaced in 2020 & the dryer was new in 2023. Split bedroom plan. The main bedroom is en Suite with a newer step-in shower & comfort-height vanity & commode. The second bedroom features a bay window, and it has the second full bath just outside its door, so it feels like a private suite, too. Two coat/utilitiy closets near BR/BA2. Roof and HVAC are approx. 5 years young. Composite wrap-around deck with a spacious rear area for your BBQ grill. Attached shed. Plumbing replaced with PEX. Newer skirting. Newer vinyl-enclosed outdoor shower. Leasehold Interest: Lot Rent is $1,196/mt. (will renew again one year from Buyer’s purchase date with any future increases capped as per 25 DE C. Sec 7050-7054). Lot rent includes trash/recycle, seasonal lawn service, and the pool & fitness center memberships. Homeowner pays electric, water, sewer & Internet (Comcast Xfinity). 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. (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 a real estate transfer tax (3.75% DMV Doc Fee) & Settlement Agent fee.
Key facts
- 4,356 sq ft lot
- 2 parking spots
- Community pool
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/2.0-bath single-family listed at $119k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $1k ($14k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($3k rent vs $119k).
- Recommended offer: $108k (9.0% below list) — sets the bar for market timing.
- Cap rate 18.1% vs local median 1.7% in Lewes — 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 67/100 on livability (#40 in DE) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, health & safety A+; Watch: 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; 8 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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).
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $823 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
- Sussex County population projected at +25% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
- At projected returns (-3.0% appreciation + 3.0% rent growth), your $33k cash investment doubles in ~3 years — after that, you're playing with house money.
Negotiation context
- It's been on market 98 days — a 9% lower offer ($108k) is reasonable based on typical stale-listing flexibility.
Risks & watch-outs
- Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- It's been on market 98 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are B-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?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.
Investment metrics
- 1% rule
- 2.12% ✓
- Cap rate
- 18.07%
- Cash-on-cash
- 42.08%
- DSCR
- 2.87
- GRM
- 3.9
CMA / ARV
- ARV (median comp)
- $163,824
- List price
- $119,000
- Delta
- -27.36%
- 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 |
|---|---|---|---|---|---|---|---|
| 35653 Highlands Way #182 | 0.00mi | 3/2.0 | 1,108 (0%) | 0mo | $115,000 | $104 | 100 |
| 35715 Elk Camp Rd #77 | 0.20mi | 2/2.0 (-1) | 1,164 (+5%) | 2mo | $125,000 | $107 | 75 |
| 35616 Elk Camp Rd | 0.14mi | 2/2.0 (-1) | 1,236 (+12%) | 0mo | $85,000 | $69 | 69 |
| 28 Wagon Wheel Ln | 0.39mi | 2/2.0 (-1) | 1,152 (+4%) | 3mo | $169,900 | $147 | 68 |
| 13 Wagon Wheel Ln #14374 | 0.45mi | 3/2.0 | 1,200 (+8%) | 0mo | $125,000 | $104 | 65 |
| 43 Candlelight Ln #11675 | 0.31mi | 3/2.0 | 1,200 (+8%) | 9mo | $205,000 | $171 | 64 |
| 21 Powder Horn Ln | 0.35mi | 3/1.5 | 1,180 (+6%) | 10mo | $180,000 | $153 | 63 |
| 22 Spinning Wheel Ln | 0.40mi | 3/1.5 | 980 (-12%) | 2mo | $85,000 | $87 | 59 |
| 10 Powder Horn Ln #22022 | 0.45mi | 3/2.0 | 1,012 (-9%) | 9mo | $115,000 | $114 | 57 |
| 18824 Munchy Branch Rd | 0.46mi | 3/2.0 | 950 (-14%) | 1mo | $390,000 | $411 | 54 |
| 48 Spinning Wheel Ln #10697 | 0.29mi | 2/2.0 (-1) | 1,255 (+13%) | 9mo | $213,000 | $170 | 52 |
| 6 Spinning Wheel Ln | 0.46mi | 3/1.5 | 980 (-12%) | 9mo | $60,000 | $61 | 50 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 3.0% rent growth · sell at horizon
- IRR
- 38.8%
- Equity multiple
- 2.66×
- Total profit
- $55,170
- Equity at exit
- $17,743
- IRR
- 45.2%
- Equity multiple
- 5.32×
- Total profit
- $144,016
- Equity at exit
- $10,289
Cash invested: $33,320 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 70 Landlord-Friendly
- State Delaware
- 70 Landlord-Friendly · D+7
- County
- — inherits STATE
- City
- — inherits STATE
ZIP-level market 19971
- Active inventory
- 331
- Price-to-rent
- 3.9×
Monthly cashflow live
- Estimated rent
- $2,520 high interval (Pro) →
- Mortgage (P&I)
- −$624
- Tax est. 1.5%
- −$149 /mo · $1,785/yr
- Insurance
- −$50
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$529
- Net cashflow
- $1,168
Break-even live
Sensitivity live
| Price | -10% $1,251 | -5% $1,209 | +0% $1,168 | +5% $1,127 | +10% $1,086 |
|---|---|---|---|---|---|
| Rent | -10% $969 | -5% $1,069 | +0% $1,168 | +5% $1,268 | +10% $1,367 |
| Rate | -1.0pp $1,228 | -0.5pp $1,199 | base $1,168 | +0.5pp $1,138 | +1.0pp $1,106 |
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
- $29,750
- Closing costs
- $3,570
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 8 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 300 Pebble Dr #318 Rehoboth Beach, DE | 2.0 | 2.0 | 940 | $1,800 | $1.91 | 22d | 1 | 0.38mi |
| 35948 Haven Dr #201 Rehoboth Beach, DE | 2.0 | 2.0 | 858 | $1,800 | $2.10 | 22d | 1 | 0.45mi |
| 32015 Azure Ave Rehoboth Beach, DE | 1.0–3.0 | 1.0–2.0 | 1054 | $2,375 | $2.25 | 44d | 1 | 0.49mi |
| 15 Colgate Dr Rehoboth Beach, DE | 3.0 | 2.0 | 1120 | $2,275 | $2.03 | 22d | 1 | 0.68mi |
| 16 Colgate Dr Rehoboth Beach, DE | 2.0 | 2.0 | 1192 | $2,400 | $2.01 | 14d | 1 | 0.70mi |
| 107 Strawberry Way Rehoboth Beach, DE | 3.0 | 2.0 | 1025 | $2,750 | $2.68 | 44d | 1 | 0.91mi |
| 17829 Callaway Dr #37 Lewes, DE | 3.0 | 2.0 | 1000 | $2,000 | $2.00 | 44d | 1 | 1.31mi |
| 36916 Crooked Hammock Way Lewes, DE | 2.0–3.0 | 2.0 | 1172 | $2,250 | $1.92 | 44d | 1 | 1.47mi |
Listing history 4 events
-
2026-05-18historical Active Under Contract 2665-char remark
Show marketing remark (2665 chars)
Aspen Meadows really is the place to be if you want a beach get-away. .. but this home is certainly spacious enough for your year-round residence, too! Less than a 4-mile drive to the famous Rehoboth Beach boardwalk. Only 5 miles to the Lewes public beach, with the Cape Henlopen State Park beach not much farther away. The Wolfe Neck trailhead to the State Park’s hiking/biking trail is right down the road if you prefer to bike to the beach. And you're near the community pool and clubhouse, which has a fitness center. Fully Furnished – Turned Key – So you can move right in! This 1989 Schult is the Crystal Manor-model, which is a 14’x70’ with an 8’x16’ tip out for +1,100 sq. ft. of living space. Vaulted ceilings throughout with skylights for pleasant natural lighting. LVP flooring. The kitchen has a breakfast-bar center island. There’s an adjoining dining area in the tip out. Upgraded kitchen countertops. Many new or new appliances: new fridge in 2009, new microwave in 2010 & a new dishwasher in 2022. The hall laundry is next to the kitchen; the washer was replaced in 2020 & the dryer was new in 2023. Split bedroom plan. The main bedroom is en Suite with a newer step-in shower & comfort-height vanity & commode. The second bedroom features a bay window, and it has the second full bath just outside its door, so it feels like a private suite, too. Two coat/utilitiy closets near BR/BA2. Roof and HVAC are approx. 5 years young. Composite wrap-around deck with a spacious rear area for your BBQ grill. Attached shed. Plumbing replaced with PEX. Newer skirting. Newer vinyl-enclosed outdoor shower. Leasehold Interest: Lot Rent is $1,196/mt. (will renew again one year from Buyer’s purchase date with any future increases capped as per 25 DE C. Sec 7050-7054). Lot rent includes trash/recycle, seasonal lawn service, and the pool & fitness center memberships. Homeowner pays electric, water, sewer & Internet (Comcast Xfinity). 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. (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 a real estate transfer tax (3.75% DMV Doc Fee) & Settlement Agent fee.
-
2026-04-24price $119,000 2665-char remark
Show marketing remark (2665 chars)
Aspen Meadows really is the place to be if you want a beach get-away. .. but this home is certainly spacious enough for your year-round residence, too! Less than a 4-mile drive to the famous Rehoboth Beach boardwalk. Only 5 miles to the Lewes public beach, with the Cape Henlopen State Park beach not much farther away. The Wolfe Neck trailhead to the State Park’s hiking/biking trail is right down the road if you prefer to bike to the beach. And you're near the community pool and clubhouse, which has a fitness center. Fully Furnished – Turned Key – So you can move right in! This 1989 Schult is the Crystal Manor-model, which is a 14’x70’ with an 8’x16’ tip out for +1,100 sq. ft. of living space. Vaulted ceilings throughout with skylights for pleasant natural lighting. LVP flooring. The kitchen has a breakfast-bar center island. There’s an adjoining dining area in the tip out. Upgraded kitchen countertops. Many new or new appliances: new fridge in 2009, new microwave in 2010 & a new dishwasher in 2022. The hall laundry is next to the kitchen; the washer was replaced in 2020 & the dryer was new in 2023. Split bedroom plan. The main bedroom is en Suite with a newer step-in shower & comfort-height vanity & commode. The second bedroom features a bay window, and it has the second full bath just outside its door, so it feels like a private suite, too. Two coat/utilitiy closets near BR/BA2. Roof and HVAC are approx. 5 years young. Composite wrap-around deck with a spacious rear area for your BBQ grill. Attached shed. Plumbing replaced with PEX. Newer skirting. Newer vinyl-enclosed outdoor shower. Leasehold Interest: Lot Rent is $1,196/mt. (will renew again one year from Buyer’s purchase date with any future increases capped as per 25 DE C. Sec 7050-7054). Lot rent includes trash/recycle, seasonal lawn service, and the pool & fitness center memberships. Homeowner pays electric, water, sewer & Internet (Comcast Xfinity). 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. (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 a real estate transfer tax (3.75% DMV Doc Fee) & Settlement Agent fee.
-
2026-02-09$129,000 Active 2665-char remark
Show marketing remark (2665 chars)
Aspen Meadows really is the place to be if you want a beach get-away. .. but this home is certainly spacious enough for your year-round residence, too! Less than a 4-mile drive to the famous Rehoboth Beach boardwalk. Only 5 miles to the Lewes public beach, with the Cape Henlopen State Park beach not much farther away. The Wolfe Neck trailhead to the State Park’s hiking/biking trail is right down the road if you prefer to bike to the beach. And you're near the community pool and clubhouse, which has a fitness center. Fully Furnished – Turned Key – So you can move right in! This 1989 Schult is the Crystal Manor-model, which is a 14’x70’ with an 8’x16’ tip out for +1,100 sq. ft. of living space. Vaulted ceilings throughout with skylights for pleasant natural lighting. LVP flooring. The kitchen has a breakfast-bar center island. There’s an adjoining dining area in the tip out. Upgraded kitchen countertops. Many new or new appliances: new fridge in 2009, new microwave in 2010 & a new dishwasher in 2022. The hall laundry is next to the kitchen; the washer was replaced in 2020 & the dryer was new in 2023. Split bedroom plan. The main bedroom is en Suite with a newer step-in shower & comfort-height vanity & commode. The second bedroom features a bay window, and it has the second full bath just outside its door, so it feels like a private suite, too. Two coat/utilitiy closets near BR/BA2. Roof and HVAC are approx. 5 years young. Composite wrap-around deck with a spacious rear area for your BBQ grill. Attached shed. Plumbing replaced with PEX. Newer skirting. Newer vinyl-enclosed outdoor shower. Leasehold Interest: Lot Rent is $1,196/mt. (will renew again one year from Buyer’s purchase date with any future increases capped as per 25 DE C. Sec 7050-7054). Lot rent includes trash/recycle, seasonal lawn service, and the pool & fitness center memberships. Homeowner pays electric, water, sewer & Internet (Comcast Xfinity). 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. (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 a real estate transfer tax (3.75% DMV Doc Fee) & Settlement Agent fee.
-
2026-02-06historical $129,000 2665-char remark
Show marketing remark (2665 chars)
Aspen Meadows really is the place to be if you want a beach get-away. .. but this home is certainly spacious enough for your year-round residence, too! Less than a 4-mile drive to the famous Rehoboth Beach boardwalk. Only 5 miles to the Lewes public beach, with the Cape Henlopen State Park beach not much farther away. The Wolfe Neck trailhead to the State Park’s hiking/biking trail is right down the road if you prefer to bike to the beach. And you're near the community pool and clubhouse, which has a fitness center. Fully Furnished – Turned Key – So you can move right in! This 1989 Schult is the Crystal Manor-model, which is a 14’x70’ with an 8’x16’ tip out for +1,100 sq. ft. of living space. Vaulted ceilings throughout with skylights for pleasant natural lighting. LVP flooring. The kitchen has a breakfast-bar center island. There’s an adjoining dining area in the tip out. Upgraded kitchen countertops. Many new or new appliances: new fridge in 2009, new microwave in 2010 & a new dishwasher in 2022. The hall laundry is next to the kitchen; the washer was replaced in 2020 & the dryer was new in 2023. Split bedroom plan. The main bedroom is en Suite with a newer step-in shower & comfort-height vanity & commode. The second bedroom features a bay window, and it has the second full bath just outside its door, so it feels like a private suite, too. Two coat/utilitiy closets near BR/BA2. Roof and HVAC are approx. 5 years young. Composite wrap-around deck with a spacious rear area for your BBQ grill. Attached shed. Plumbing replaced with PEX. Newer skirting. Newer vinyl-enclosed outdoor shower. Leasehold Interest: Lot Rent is $1,196/mt. (will renew again one year from Buyer’s purchase date with any future increases capped as per 25 DE C. Sec 7050-7054). Lot rent includes trash/recycle, seasonal lawn service, and the pool & fitness center memberships. Homeowner pays electric, water, sewer & Internet (Comcast Xfinity). 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. (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 a real estate transfer tax (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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 8/10 Severe 7 d/yr ≥101°F today · 18 d/yr by 30 yrs out
- Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
- Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $30,239
- − Mortgage interest
- −$6,666
- − Property taxes
- −$1,785
- − Insurance
- −$595
- − Repairs & maintenance
- −$2,419
- − Management
- −$2,419
- − Depreciation
- −$3,462
- Taxable income
- $12,893
- Est. tax owed @ 24.0%
- −$3,094
- After-tax cash flow
- $10,926/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 · 1 photo
This home is in good condition with a good exterior and interior. It's a great investment opportunity with potential for both resale and rental value.
Value-add opportunities
- Both Paint exterior siding — Enhances curb appeal and value
- Both Upgrade flooring — Improves aesthetics and value
- Both Update kitchen appliances — Modernizes the space and adds value
Renovation cost estimate screening
Value-add ROI direction
- Both Paint exterior siding — Enhances curb appeal and value ↑
- Both Upgrade flooring — Improves aesthetics and value ↑
- Both Update kitchen appliances — Modernizes the space and adds value ↑
ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.
Schools (NCES district)
- District
- 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 — Lewes
- Score
- 67/100
- State rank
- #40
- US rank
- #11077
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- County
- Sussex County · 82,708 people
- City population
- 31,938
- Metro
- Salisbury, MD-DE
- Population (ZIP)
- 14,886
- Household income
- $102,146
- Rent vs 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
-7.8% since first listed4 events — show timeline
- 2026-05-18 Contingent — BRIGHT MLS
- 2026-04-24 Price Changed $119,000 BRIGHT MLS
- 2026-02-09 Listed $129,000 BRIGHT MLS
- 2026-02-06 Coming Soon $129,000 BRIGHT MLS
Cash-flow waterfall
monthlySold comps — $/sqft
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