164 E Blackwell St, Dover, NJ, 07801 | 3.51% Rental Yield

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Monthly Cash Flow: 1 - 3k+

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164 E Blackwell St, Dover, NJ, 07801 | 3.51% Rental Yield | Ziffy

For Sale

Rental Income

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

Investment property for sale in Dover at 164 E Blackwell St, Dover, NJ, 07801 at $799,000 posts ROI 4.73% with from $2,338/mo rent. Total monthly income equals $2,338/mo. Return on cash invested measures 4.73% and rental yield reads 3.51% at the current $799,000. Equity gained on principal adds $5,156/yr, and 5% annual appreciation supports $220,749 by year five. Five-year ROI prints 22.68% and total cumulative return in cash totals $59,610. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,338/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Multi Family

Built in 1910

6,098 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 164-166 E Blackwell Street, Dover " a rare opportunity to own a desirable side-by-side duplex in a prime location! This two family home offers approx 2,600 sw ft of living space. Each unit features its own charming covered front porch and boasts a spacious layout including 3 bedrooms, a bonus attic space, generous living and dining rooms, and well-sized kitchens. Recent updates include a newer roof (9 years young), freshly painted exterior, and a recently paved two-car width driveway. The property also includes a detached two-car garage, providing additional value and flexibility. One unit features a newer boiler, and the full basement offers ample storage for both units. Conveniently located just minutes from the train station, shopping, restaurants, and more, this property is perfect for investors or owner-occupants looking for rental income. Don't miss out on this well-maintained, income-producing gem! Both units are rented out by long term tenants.

Neighborhood Data

Neighborhood data shown for ZIP Code: 07801, Dover, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,059 (100%)
Owner Occupied HU	4,572 (50.5%)
Renter Occupied HU	4,263 (47.1%)
Vacant Housing Units	224 ( 2.5%)
Median Home Value	$400,436
Average Home Value	$424,981