104 Lavender Dr #10MagnoliaDE19962
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Magnolia at 104 Lavender Dr #10, Magnolia, DE, 19962 uses $61,328 cash to close to unlock $5,161/yr annual cash flow and $430/mo monthly cash flow. Total monthly income runs $1,500/mo, and a $905/mo payment keeps the spread at $430/mo. Purchase price stands at $185,000, and rental yield measures 9.73% with $1,500/mo rent. Return on cash invested shows 28.32% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 147.5% and total cumulative return in cash records $90,459. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,500/mo property income covering a $905/mo payment rather than investor’s personal income.
Manufactured
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19962, Magnolia, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,236 (100%) |
| Owner Occupied HU | 4,190 (80.0%) |
| Renter Occupied HU | 864 (16.5%) |
| Vacant Housing Units | 182 ( 3.5%) |
| Median Home Value | $403,559 |
| Average Home Value | $400,849 |
Housing Distribution
Address Breakdown
Residential
5,202
Single Family
5,202
Multi-Family
0
Businesses
83
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