118 Wooden Carriage Dr, Hockessin, DE, 19707 | $628/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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118 Wooden Carriage Dr, Hockessin, DE, 19707 | $628/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

Rental property for sale in Hockessin at 118 Wooden Carriage Dr, Hockessin, DE, 19707 priced at $434,900 pairs $3,145/mo rent with $628/mo cash flow after a $2,129/mo payment. Total monthly income equals $3,145/mo, and annual cash flow comes to $7,539/yr on $144,169 invested. Return on cash invested is 25.14% in year one, and rental yield stands at 8.68% on a $434,900 basis. Equity gained on principal adds $2,806/yr, and 5% annual appreciation accumulates to $120,155 by year five. Five-year ROI measures 130.38% and total cumulative return in cash reaches $187,961. For financing, Ziffy Mortgage’s DSCR program evaluates $3,145/mo property income against a $2,129/mo payment instead of your W2s, 1099s, or Tax returns.

Townhouse

Built in 1987

4,792 sqft lot

$N/A/sqft

No HOA

More details about the property

A true Hockessin showstopper with stunning curb appeal! This 3 bedroom/2.5 bath end unit townhome in Mendenhall Village has it all with a thoughtfullyredesigned kitchen, renovated hall bathroom, finished basement and bonus loft! Immediately upon entry you will be greeted by rich matte finished hardwood floors and a gorgeous kitchen offering light gray cabinetry, quartz countertop, spacious peninsula and GE appliances. The kitchen was redesigned to allow for a an open floorplaninto the dining room. The step down family room has is nicely appointed with a wood burningfireplace, shiplap accents and box bay window perfect for your plants. Spend evenings with the slider open and enjoy the sunset skies and dinner on the private paver patio. The main level is complete with a new hall bathroom featuring a leather finish countertop. The staircase to the upper level was rebuilt with oak hardwood and leads to a large primary suitewith vaultedceilings, walk in closet and and steps to a loft with another huge walk in closet. The primary suite also has its own en-suite. Two additional bedrooms and a beautiful hall bathroom with naturalstone, decorative vanity w/granite top and custom trimmed mirror complete the upper level. If you are looking for more space, the basement is completelyfinished w/ egress.Additional updates include: New asphalt driveway (2023), new landscapings (2020), luxury vinylplank flooring on the upper level (2022), all new wide base and door moldings (2020), new humidifier (2023) and much more. This sophisticated and well appointed home is sure to impress!Come discover Mendenhall Village with tons of walkingpaths, over 8 acres of community space, pond and a great convenient location!

Neighborhood Data

Neighborhood data shown for ZIP Code: 19707, Hockessin, DE area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,502 (100%)
Owner Occupied HU	5,823 (89.6%)
Renter Occupied HU	502 ( 7.7%)
Vacant Housing Units	177 ( 2.7%)
Median Home Value	$556,921
Average Home Value	$573,991