15 West Ave, Ocean View, DE, 19970 | 4.64% Rental Yield

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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 Ocean View at 15 West Ave, Ocean View, DE, 19970 priced at $724,000 pairs $2,797/mo rent with after a $3,544/mo payment. Total monthly income equals $2,797/mo. Return on cash invested is 13.04% in year one, and rental yield stands at 4.64% on a $724,000 basis. Equity gained on principal adds $4,672/yr, and 5% annual appreciation accumulates to $200,028 by year five. Five-year ROI measures 65.47% and total cumulative return in cash reaches $155,955. For financing, Ziffy Mortgage’s DSCR program evaluates $2,797/mo property income against a $3,544/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1873

0.36 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