143 Hollywood DrOcean 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 143 Hollywood Dr, Ocean View, DE, 19970 priced at $300,000 converts $2,585/mo rent into $850/mo cash flow after a $1,468/mo obligation. Total monthly income equals $2,585/mo, and annual cash flow totals $10,194/yr on $99,450 invested. Return on cash invested prints 30.16% in year one, and rental yield reads 10.34% against a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation compiles into $82,884 by year five. Five-year ROI reaches 157.28% and total cumulative return in cash sums $156,420. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,585/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 1993
0.29 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: ASHLEY BROSNAHAN • Long & Foster Real Estate, Inc.
Mls Name: Bright MLS
Mls ID: #DESU2103696