163 Spruance RdDoverDE19901
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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 Dover at 163 Spruance Rd, Dover, DE, 19901 uses $56,355 cash to close to unlock $3,989/yr annual cash flow and $332/mo monthly cash flow. Total monthly income runs $1,316/mo, and a $832/mo payment keeps the spread at $332/mo. Purchase price stands at $170,000, and rental yield measures 9.29% with $1,316/mo rent. Return on cash invested shows 26.99% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 140.32% and total cumulative return in cash records $79,077. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,316/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1985
4,182 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
15,074
Single Family
13,907
Multi-Family
1,167
Businesses
1,370
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