11 Jodi CtOcean ViewDE19970
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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
Rental property for sale in Ocean View at 11 Jodi Ct, Ocean View, DE, 19970 priced at $559,000 converts $2,208/mo rent into after a $2,736/mo obligation. Total monthly income equals $2,208/mo. Return on cash invested prints 13.36% in year one, and rental yield reads 4.74% against a $559,000 entry. Equity gained on principal adds $3,607/yr, while 5% annual appreciation compiles into $154,441 by year five. Five-year ROI reaches 67.18% and total cumulative return in cash sums $123,543. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,208/mo property income covering a $2,736/mo payment, not borrower’s personal income.
Single Family
Built in 2000
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19970, Ocean View, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,474 (100%) |
| Owner Occupied HU | 4,415 (46.6%) |
| Renter Occupied HU | 454 ( 4.8%) |
| Vacant Housing Units | 4,605 (48.6%) |
| Median Home Value | $543,498 |
| Average Home Value | $597,639 |
Housing Distribution
Address Breakdown
Residential
6,980
Single Family
6,979
Multi-Family
1
Businesses
320
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Listed by: LINDA FISHER • Coastal Real Estate Group, LLC
Mls Name: Bright MLS
Mls ID: #DESU2102292