36106 Palace Ln #67 · Rehoboth Beach, DE 19971

$30,000

2 bd · 2.0 ba · 792 sqft · Manufactured · 341 Days on market

Manufactured home Built 1974 3,484 sqft lot $38/sqft · 48% below area Est $58k · 48% under ↓ 36% 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 +15.0/30.0
• ARV discount +15.0/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +4.2/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

MOTIVATED , Estate Sale - AS IS - with Seller providing a one-year home warranty - $425 value. Market Rate Lot Rent (READ below for more details). This could be a great little beach get-away or perhaps for your year-round living. The 1974 Barrington singlewide is 12’ x 66’ for approx. 800 sq. ft. of living space, plus an 8’ x 20’ Silvertop enclosed porch for extra outdoor living space. There’s also a patio area off of the porch for your grill and sun chairs. The living room opens to the eat-in kitchen. The kitchen has newer flooring. And there is a newer smooth-top electric range, a fridge, and a pantry/utility closet. The en Suite main bedroom is at the rear of home. That bath has a garden tub and a double-sink vanity. The second full bath, which has a tub/shower and a single-sink vanity, is in the hall near the laundry area. There is a full-size, side-by-side washer and dryer set in the laundry closet. The compact second bedroom is closer to the living room; it has a double closet. Storage shed. New roof in November 2024. Furnished as seen so you can move right in! Leasehold Interest: Lot Rent approx. is $1,167.00/mt. (will renew annually each year in the month when the Buyer purchases, with any future increases capped as per 25 Del. C. Sec. 7050-7054). Lot rent includes trash/recycle, seasonal lawn service, and pool/fitness center membership. Homeowner pays electric, fuel (oil-K1), water, sewer & Internet/Cable (Comcast Xfinity) or satellite. 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 no longer permitted in this community. ) Financing may be available to qualified borrowers from only a very, very few Lenders that specialize in installment/chattel loans for pre-HUD (built prior to June 1976) mobile homes on leased land. Closing costs will include the full 3.75% DMV Doc Fee & Settlement Agent fee.

Key facts

• Newer flooring
• Patio area
• Newer gas range

Tags

• ENCLOSED PORCH
• PATIO AREA
• NEWER FLOORING
• NEWER GAS RANGE
• PANTRY UTILITY CLOSET
• GARDEN TUB

🏷️ Possibly a rental listed for sale. The $30,000 price doesn't fit this home's estimated sale value (~$58,000) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $30k.

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 ($2k rent vs $30k).
• Recommended offer: $26k (12.0% below list) — sets the bar for market timing.
• Cap rate 52.8% vs local median 1.5% 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: amenities A+, employment A+, health & safety 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.
• Zoned schools: Rehoboth Elementary School (math 51% / reading 60%, grade C, #8 of 105 statewide, top 8%, 525 students, 0% FRL); Beacon Middle School (math 49% / reading 62%, grade B-, #1 of 36 statewide, top 0%, 648 students, 0% FRL); Cape Henlopen High School (math 26% / reading 51%, grade F, #14 of 40 statewide, top 33%, 1,813 students, 0% FRL) — zoned schools average 0% FRL vs 41% district-wide (41 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 334 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 46d 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 $207 of loan paydown is wiped out by about $900 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 $8k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 341 days — a 12% lower offer ($26k) 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.

Recommended offer $26,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 341 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
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: 5.78% ✓
• Cap rate: 52.75%
• Cash-on-cash: 165.94%
• DSCR: 8.38
• GRM: 1.4

CMA / ARV

• ARV (median comp): $58,000
• List price: $30,000
• Delta: -48.28%
• Verdict: UNDERPRICED
• Comps: 5 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
19603 Queen St #18	0.05mi	3/1.5 (+1)	840 (+6%)	8mo	$45,100	$54	74
19975 Dodd Ave Unit G10	0.53mi	3/1.0 (+1)	720 (-9%)	7mo	$34,000	$47	45
20023 Golden Ave Unit L-67	0.44mi	3/1.0 (+1)	720 (-9%)	16mo	$72,500	$101	42
19962 Center Ave #3125	0.52mi	3/1.0 (+1)	886 (+12%)	13mo	$32,000	$36	37

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: —
• Equity multiple: 9.23×
• Total profit: $69,145
• Equity at exit: $4,473

10-year hold

• IRR: —
• Equity multiple: 19.52×
• Total profit: $155,577
• Equity at exit: $2,594

Cash invested: $8,400 (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: 334
• Price-to-rent: 1.4×

Monthly cashflow live

• Estimated rent: $1,733 high
• Mortgage (P&I): −$157
• Tax est. 1.5%: −$38 /mo · $450/yr
• Insurance: −$12
• HOA: −$0
• Lot rent leased land?: −$0
• Vacancy / Maint / Mgmt: −$364
• Net cashflow: $1,162

Break-even live

Break-even rent $262

Max offer price $30,000

Occupancy floor 28%

Sensitivity live

Price	-10% $1,182	-5% $1,172	+0% $1,162	+5% $1,151	+10% $1,141
Rent	-10% $1,025	-5% $1,093	+0% $1,162	+5% $1,230	+10% $1,298
Rate	-1.0pp $1,177	-0.5pp $1,169	base $1,162	+0.5pp $1,154	+1.0pp $1,146

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: $7,500
• Closing costs: $900
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
35948 Haven Dr #201 Rehoboth Beach, DE	2.0	2.0	858	$1,800	$2.10	23d	1	0.47mi
300 Pebble Dr #318 Rehoboth Beach, DE	2.0	2.0	940	$1,800	$1.91	23d	1	0.53mi
107 Strawberry Way Rehoboth Beach, DE	3.0	2.0	1025	$2,750	$2.68	46d	1	0.55mi
32015 Azure Ave Rehoboth Beach, DE	1.0–3.0	1.0–2.0	1054	$2,095	$1.99	46d	1	0.92mi
36400 Warwick Dr Rehoboth Beach, DE	3.0	2.5	792	$3,500	$4.42	46d	1	1.19mi
15 Colgate Dr Rehoboth Beach, DE	3.0	2.0	1120	$2,275	$2.03	23d	1	1.22mi

Listing history 24 events

1. 2026-06-22
   days on market $30,000 Active 341 DOM
2. 2026-06-18
   days on market $30,000 Active 338 DOM
3. 2026-06-17
   days on market $30,000 Active 337 DOM
4. 2026-06-16
   days on market $30,000 Active 336 DOM
5. 2026-06-15
   price $30,000 Active 335 DOM
6. 2026-06-15
   days on market $35,000 Active 335 DOM
7. 2026-06-14
   days on market $35,000 Active 333 DOM
8. 2026-06-13
   days on market $35,000 Active 332 DOM
9. 2026-06-10
   days on market $35,000 Active 330 DOM
10. 2026-06-09
    days on market $35,000 Active 329 DOM
11. 2026-06-08
    days on market $35,000 Active 328 DOM
12. 2026-06-07
    days on market $35,000 Active 327 DOM
13. 2026-06-05
    days on market $35,000 Active 324 DOM
14. 2026-06-03
    days on market $35,000 Active 323 DOM
15. 2026-06-02
    days on market $35,000 Active 322 DOM
16. 2026-06-01
    days on market $35,000 Active 321 DOM
17. 2026-05-31
    days on market $35,000 Active 320 DOM
18. 2026-05-30
    days on market $35,000 Active 319 DOM
19. 2026-04-29
    price $35,000 2161-char remark

    Show marketing remark (2161 chars)

    MOTIVATED , Estate Sale - AS IS - with Seller providing a one-year home warranty - $425 value. Market Rate Lot Rent (READ below for more details). This could be a great little beach get-away or perhaps for your year-round living. The 1974 Barrington singlewide is 12’ x 66’ for approx. 800 sq. ft. of living space, plus an 8’ x 20’ Silvertop enclosed porch for extra outdoor living space. There’s also a patio area off of the porch for your grill and sun chairs. The living room opens to the eat-in kitchen. The kitchen has newer flooring. And there is a newer smooth-top electric range, a fridge, and a pantry/utility closet. The en Suite main bedroom is at the rear of home. That bath has a garden tub and a double-sink vanity. The second full bath, which has a tub/shower and a single-sink vanity, is in the hall near the laundry area. There is a full-size, side-by-side washer and dryer set in the laundry closet. The compact second bedroom is closer to the living room; it has a double closet. Storage shed. New roof in November 2024. Furnished as seen so you can move right in! Leasehold Interest: Lot Rent approx. is $1,167.00/mt. (will renew annually each year in the month when the Buyer purchases, with any future increases capped as per 25 Del. C. Sec. 7050-7054). Lot rent includes trash/recycle, seasonal lawn service, and pool/fitness center membership. Homeowner pays electric, fuel (oil-K1), water, sewer & Internet/Cable (Comcast Xfinity) or satellite. 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 no longer permitted in this community. ) Financing may be available to qualified borrowers from only a very, very few Lenders that specialize in installment/chattel loans for pre-HUD (built prior to June 1976) mobile homes on leased land. Closing costs will include the full 3.75% DMV Doc Fee & Settlement Agent fee.

20. 2026-03-18
    price $39,900 2161-char remark

    Show marketing remark (2161 chars)

    MOTIVATED , Estate Sale - AS IS - with Seller providing a one-year home warranty - $425 value. Market Rate Lot Rent (READ below for more details). This could be a great little beach get-away or perhaps for your year-round living. The 1974 Barrington singlewide is 12’ x 66’ for approx. 800 sq. ft. of living space, plus an 8’ x 20’ Silvertop enclosed porch for extra outdoor living space. There’s also a patio area off of the porch for your grill and sun chairs. The living room opens to the eat-in kitchen. The kitchen has newer flooring. And there is a newer smooth-top electric range, a fridge, and a pantry/utility closet. The en Suite main bedroom is at the rear of home. That bath has a garden tub and a double-sink vanity. The second full bath, which has a tub/shower and a single-sink vanity, is in the hall near the laundry area. There is a full-size, side-by-side washer and dryer set in the laundry closet. The compact second bedroom is closer to the living room; it has a double closet. Storage shed. New roof in November 2024. Furnished as seen so you can move right in! Leasehold Interest: Lot Rent approx. is $1,167.00/mt. (will renew annually each year in the month when the Buyer purchases, with any future increases capped as per 25 Del. C. Sec. 7050-7054). Lot rent includes trash/recycle, seasonal lawn service, and pool/fitness center membership. Homeowner pays electric, fuel (oil-K1), water, sewer & Internet/Cable (Comcast Xfinity) or satellite. 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 no longer permitted in this community. ) Financing may be available to qualified borrowers from only a very, very few Lenders that specialize in installment/chattel loans for pre-HUD (built prior to June 1976) mobile homes on leased land. Closing costs will include the full 3.75% DMV Doc Fee & Settlement Agent fee.

21. 2025-11-19
    price $45,000 2161-char remark

    Show marketing remark (2161 chars)

    MOTIVATED , Estate Sale - AS IS - with Seller providing a one-year home warranty - $425 value. Market Rate Lot Rent (READ below for more details). This could be a great little beach get-away or perhaps for your year-round living. The 1974 Barrington singlewide is 12’ x 66’ for approx. 800 sq. ft. of living space, plus an 8’ x 20’ Silvertop enclosed porch for extra outdoor living space. There’s also a patio area off of the porch for your grill and sun chairs. The living room opens to the eat-in kitchen. The kitchen has newer flooring. And there is a newer smooth-top electric range, a fridge, and a pantry/utility closet. The en Suite main bedroom is at the rear of home. That bath has a garden tub and a double-sink vanity. The second full bath, which has a tub/shower and a single-sink vanity, is in the hall near the laundry area. There is a full-size, side-by-side washer and dryer set in the laundry closet. The compact second bedroom is closer to the living room; it has a double closet. Storage shed. New roof in November 2024. Furnished as seen so you can move right in! Leasehold Interest: Lot Rent approx. is $1,167.00/mt. (will renew annually each year in the month when the Buyer purchases, with any future increases capped as per 25 Del. C. Sec. 7050-7054). Lot rent includes trash/recycle, seasonal lawn service, and pool/fitness center membership. Homeowner pays electric, fuel (oil-K1), water, sewer & Internet/Cable (Comcast Xfinity) or satellite. 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 no longer permitted in this community. ) Financing may be available to qualified borrowers from only a very, very few Lenders that specialize in installment/chattel loans for pre-HUD (built prior to June 1976) mobile homes on leased land. Closing costs will include the full 3.75% DMV Doc Fee & Settlement Agent fee.

22. 2025-10-20
    price $47,500 2161-char remark

    Show marketing remark (2161 chars)

    MOTIVATED , Estate Sale - AS IS - with Seller providing a one-year home warranty - $425 value. Market Rate Lot Rent (READ below for more details). This could be a great little beach get-away or perhaps for your year-round living. The 1974 Barrington singlewide is 12’ x 66’ for approx. 800 sq. ft. of living space, plus an 8’ x 20’ Silvertop enclosed porch for extra outdoor living space. There’s also a patio area off of the porch for your grill and sun chairs. The living room opens to the eat-in kitchen. The kitchen has newer flooring. And there is a newer smooth-top electric range, a fridge, and a pantry/utility closet. The en Suite main bedroom is at the rear of home. That bath has a garden tub and a double-sink vanity. The second full bath, which has a tub/shower and a single-sink vanity, is in the hall near the laundry area. There is a full-size, side-by-side washer and dryer set in the laundry closet. The compact second bedroom is closer to the living room; it has a double closet. Storage shed. New roof in November 2024. Furnished as seen so you can move right in! Leasehold Interest: Lot Rent approx. is $1,167.00/mt. (will renew annually each year in the month when the Buyer purchases, with any future increases capped as per 25 Del. C. Sec. 7050-7054). Lot rent includes trash/recycle, seasonal lawn service, and pool/fitness center membership. Homeowner pays electric, fuel (oil-K1), water, sewer & Internet/Cable (Comcast Xfinity) or satellite. 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 no longer permitted in this community. ) Financing may be available to qualified borrowers from only a very, very few Lenders that specialize in installment/chattel loans for pre-HUD (built prior to June 1976) mobile homes on leased land. Closing costs will include the full 3.75% DMV Doc Fee & Settlement Agent fee.

23. 2025-09-02
    price $49,900 2161-char remark

    Show marketing remark (2161 chars)

    MOTIVATED , Estate Sale - AS IS - with Seller providing a one-year home warranty - $425 value. Market Rate Lot Rent (READ below for more details). This could be a great little beach get-away or perhaps for your year-round living. The 1974 Barrington singlewide is 12’ x 66’ for approx. 800 sq. ft. of living space, plus an 8’ x 20’ Silvertop enclosed porch for extra outdoor living space. There’s also a patio area off of the porch for your grill and sun chairs. The living room opens to the eat-in kitchen. The kitchen has newer flooring. And there is a newer smooth-top electric range, a fridge, and a pantry/utility closet. The en Suite main bedroom is at the rear of home. That bath has a garden tub and a double-sink vanity. The second full bath, which has a tub/shower and a single-sink vanity, is in the hall near the laundry area. There is a full-size, side-by-side washer and dryer set in the laundry closet. The compact second bedroom is closer to the living room; it has a double closet. Storage shed. New roof in November 2024. Furnished as seen so you can move right in! Leasehold Interest: Lot Rent approx. is $1,167.00/mt. (will renew annually each year in the month when the Buyer purchases, with any future increases capped as per 25 Del. C. Sec. 7050-7054). Lot rent includes trash/recycle, seasonal lawn service, and pool/fitness center membership. Homeowner pays electric, fuel (oil-K1), water, sewer & Internet/Cable (Comcast Xfinity) or satellite. 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 no longer permitted in this community. ) Financing may be available to qualified borrowers from only a very, very few Lenders that specialize in installment/chattel loans for pre-HUD (built prior to June 1976) mobile homes on leased land. Closing costs will include the full 3.75% DMV Doc Fee & Settlement Agent fee.

24. 2025-07-15
    listed $54,900 Active 2161-char remark

    Show marketing remark (2161 chars)

    MOTIVATED , Estate Sale - AS IS - with Seller providing a one-year home warranty - $425 value. Market Rate Lot Rent (READ below for more details). This could be a great little beach get-away or perhaps for your year-round living. The 1974 Barrington singlewide is 12’ x 66’ for approx. 800 sq. ft. of living space, plus an 8’ x 20’ Silvertop enclosed porch for extra outdoor living space. There’s also a patio area off of the porch for your grill and sun chairs. The living room opens to the eat-in kitchen. The kitchen has newer flooring. And there is a newer smooth-top electric range, a fridge, and a pantry/utility closet. The en Suite main bedroom is at the rear of home. That bath has a garden tub and a double-sink vanity. The second full bath, which has a tub/shower and a single-sink vanity, is in the hall near the laundry area. There is a full-size, side-by-side washer and dryer set in the laundry closet. The compact second bedroom is closer to the living room; it has a double closet. Storage shed. New roof in November 2024. Furnished as seen so you can move right in! Leasehold Interest: Lot Rent approx. is $1,167.00/mt. (will renew annually each year in the month when the Buyer purchases, with any future increases capped as per 25 Del. C. Sec. 7050-7054). Lot rent includes trash/recycle, seasonal lawn service, and pool/fitness center membership. Homeowner pays electric, fuel (oil-K1), water, sewer & Internet/Cable (Comcast Xfinity) or satellite. 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 no longer permitted in this community. ) Financing may be available to qualified borrowers from only a very, very few Lenders that specialize in installment/chattel loans for pre-HUD (built prior to June 1976) mobile homes on leased land. Closing costs will include the full 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

Taxation est. · year 1

• Rental income: $20,793
• − Mortgage interest: −$1,680
• − Property taxes: −$450
• − Insurance: −$150
• − Repairs & maintenance: −$1,663
• − Management: −$1,663
• − Depreciation: −$873
• Taxable income: $14,313
• Est. tax owed @ 24.0%: −$3,435
• After-tax cash flow: $10,503/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.

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

-36.2% since first listed

6 events — show timeline

• 2026-04-29 Price Changed $35,000 BRIGHT MLS
• 2026-03-18 Price Changed $39,900 BRIGHT MLS
• 2025-11-19 Price Changed $45,000 BRIGHT MLS
• 2025-10-20 Price Changed $47,500 BRIGHT MLS
• 2025-09-02 Price Changed $49,900 BRIGHT MLS
• 2025-07-15 Listed $54,900 BRIGHT MLS