1 Wanoma Circle
Rehoboth Beach, DE 19971

SUN KISSED, SUN POWERED, BREATHTAKING SUNSETS AND A WATER VIEW. Simultaneously collect rent & reside. Mother-In-Law Suite or Live-In Caregiver Suite with separate entrance. Enjoy unobstructed water views and a carefree coastal lifestyle 3.5 miles to sand, surf & boardwalk, with a constant $196 monthly electricity cost. This better than new, move-in ready home features real wood floors, enhanced lighting, premium architectural detail, maintenance-free decks, fenced yard and exquisite landscaping. Only one neighbor and miles of meandering walking trails among acres of fountained lakes. Community pool, community center and community boat & RV storage for residents. Low fees and total annual property tax of $1,702.34. The breathtaking sunsets never get old. Each element of this exquisite home has been painstakingly planned for a turn-key, immediate gratification buyer experience. RENT SUBSIDY OPTIONS: 1) Live in the house and rent the basement, and have $225,000 of your mortgage paid by your tenant ($1,250 monthly income at 5.375% interest). 2) Live in the basement and rent the house, and have $450,000 of your mortgage paid by your tenant ($2,500 monthly income at 5.375% interest). 3) Collecting rent from the home and basement for $3,700 per month cash flow ($44,400 annually) subsidizes a $670,000 mortgage.