1694 S State StDoverDE19901
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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 1694 S State St, Dover, DE, 19901 offers a 7.85% rental yield on a $375,000 purchase with $2,453/mo rent. Total monthly income registers $2,453/mo, and a $1,835/mo payment leaves $284/mo available for distribution. Annual cash flow reaches $3,404/yr on $124,313 to close, and return on cash invested stands at 22.65% in year one. Equity gained on principal adds $2,420/yr while 5% annual appreciation supports $103,606 over five years. Portfolio math shows five-year ROI at 117.01% and total cumulative return in cash at $145,455. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,453/mo property income against a $1,835/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2010
0.36 Acres 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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