108 Lochmeath Way, Dover, DE, 19904 | $420/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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108 Lochmeath Way, Dover, DE, 19904 | $420/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Dover at 108 Lochmeath Way, Dover, DE, 19904 listed at $280,000 pairs $2,040/mo rent with a $1,370/mo payment to leave $420/mo cash flow. Total monthly income runs $2,040/mo, and annual cash flow reaches $5,044/yr on $92,820 cash to close. Return on cash invested measures 25.34% in year one, and rental yield registers 8.74% at a $280,000 basis. Equity gained on principal adds $1,807/yr, and annual property appreciation at 5% supports $77,359 by year five. Five-year ROI tracks 131.48% and total cumulative return in cash totals $122,037. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,040/mo property income relative to a $1,370/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1957

10,454 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this delightful Cape Cod residence, perfectly situated on the peaceful outskirts of Dover. Set among mature trees that burst into color each season, this home offers both charm and convenience within the highly sought-after Caesar Rodney School District. The exterior features a fully fenced yard, a spacious deck ideal for outdoor gatherings, and fun summer nights, a carport, and two sheds with electricperfect for storage, hobbies, or workshop space. Enjoy evenings outside, around a firepit, or after a long day, enjoy the fresh air. Inside, the inviting living room offers flexibility to be used as a combined living and dining area or kept as a cozy sitting space. Beautiful hardwood floors flow through much of the home, complementing a warm kitchen designed for functionality and comfort. The primary suite encompasses the entire second floor, featuring a bedroom area, full bathroom, and additional space ideal for a sitting area, home office, or dressing room. This home provides an exceptional opportunity to own an affordable home that needs your personal touches. close to shopping, dining, DAFB, and Route 13

Neighborhood Data

Neighborhood data shown for ZIP Code: 19904, Dover, DE area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	15,822 (100%)
Owner Occupied HU	10,137 (64.1%)
Renter Occupied HU	4,740 (30.0%)
Vacant Housing Units	945 ( 6.0%)
Median Home Value	$328,152
Average Home Value	$331,931