132 October Glory Ave #AOcean 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 132 October Glory Ave #A, Ocean View, DE, 19970 with 5% annual appreciation on a $464,500 basis while $2,806/mo rent supports operations. Total monthly income totals $2,806/mo and a $2,274/mo payment preserves $119/mo for cash returns. Annual cash flow comes to $1,426/yr on $153,982 deployed, and return on cash invested reaches 20.83% in year one. Equity gained on principal adds $2,997/yr, and five-year appreciation sums $128,333 alongside rental yield of 7.25%. Five-year ROI measures 107.27% and total cumulative return in cash totals $165,178.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,806/mo property income versus a $2,274/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 2004
N/A 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: Jim Coulter • Long & Foster Real Estate, Inc.
Mls Name: Bright MLS
Mls ID: #DESU2099524