206 Grinding Wheel DrDoverDE19904
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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 206 Grinding Wheel Dr, Dover, DE, 19904 earns $558/mo cash flow from $2,381/mo rent with a $1,542/mo payment. Total monthly income totals $2,381/mo, and annual cash flow totals $6,698/yr on $104,423 capital. ROI tracks 26.32% on current figures, and rental yield reads 9.07% at a $315,000 purchase. Equity gained on principal adds $2,033/yr, and 5% annual appreciation supports $87,029 over five years. Five-year ROI reaches 136.75% and total cumulative return in cash sums $142,793. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,381/mo property income instead of your personal income.
Single Family
Built in 1993
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19904, Dover, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,822 (100%) |
| Owner Occupied HU | 10,137 (64.1%) |
| Renter Occupied HU | 4,740 (30.0%) |
| Vacant Housing Units | 945 ( 6.0%) |
| Median Home Value | $328,152 |
| Average Home Value | $331,931 |
Housing Distribution
Address Breakdown
Residential
15,492
Single Family
14,609
Multi-Family
883
Businesses
937
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