1520 N Little Creek Rd, Dover, DE, 19901 | $366/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1520 N Little Creek Rd, Dover, DE, 19901 | $366/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 Dover at 1520 N Little Creek Rd, Dover, DE, 19901 offers $1,464/mo rent that, after a $929/mo payment, leaves $366/mo cash flow. Total monthly income is $1,464/mo, and annual cash flow is $4,388/yr on $62,952 cash. Return on cash invested measures 26.88% in year one, and rental yield stands at 9.25% at a $189,900 entry. Equity gained on principal adds $1,225/yr while 5% annual appreciation compounds into $52,466 by year five. Five-year ROI records 139.7% and total cumulative return in cash reaches $87,941. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,464/mo property income versus a $929/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1950

9,000 sqft lot

$N/A/sqft

No HOA

More details about the property

SERIOUS BUYERS ONLY! Realtor's, please do not show unless your buyer is looking for a fixer upper! Quaint and charming 1950s bungalow with many recent updates: new roof and sheathing, new insulation, new well, new hot water heater, new windows, updated wiring and plumbing. This home has most original trims and doors There are hardwood flooring under the carpet, The main floor has a large great room, eat in kitchen, 2 spacious bedrooms, full bath, laundry room, and 2 enclosed porches. There is a full basement with room for tons of storage. The 2nd floor features a 3rd bedroom and a huge, floored attic with window for future expansion. There are transferable warranties for the roof, and windows. Amazing location in the heart of downtown Dover. Put this home on your tour today! Home being sold "AS IS"

Neighborhood Data

Neighborhood data shown for ZIP Code: 19901, Dover, DE area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	15,735 (100%)
Owner Occupied HU	8,921 (56.7%)
Renter Occupied HU	5,654 (35.9%)
Vacant Housing Units	1,160 ( 7.4%)
Median Home Value	$326,344
Average Home Value	$326,110