13 S Primrose LnOcean 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
Investment property for sale in Ocean View at 13 S Primrose Ln, Ocean View, DE, 19970 uses $132,600 cash to close to unlock $4,264/yr annual cash flow and $355/mo monthly cash flow. Total monthly income runs $2,670/mo, and a $1,958/mo payment keeps the spread at $355/mo. Purchase price stands at $400,000, and rental yield measures 8.01% with $2,670/mo rent. Return on cash invested shows 23.12% in year one, and 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 119.57% and total cumulative return in cash records $158,548. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,670/mo property income covering a $1,958/mo payment rather than investor’s personal income.
Single Family
Built in 1997
0.25 Acres 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: Nicole Callender • Keller Williams Realty Delmarva
Mls Name: Bright MLS
Mls ID: #DESU2103388