20822 Cormorant WayOcean ViewDE19970
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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
Rental property for sale in Ocean View at 20822 Cormorant Way, Ocean View, DE, 19970 generates $3,240/mo in rent, after a $6,485/mo payment. Total monthly income is $3,240/mo. Return on cash invested sits at 8% in year one, and rental yield is 2.93% on a $1,325,000 entry. Equity gained on principal adds $8,550/yr, while 5% annual appreciation builds toward $366,073 over five years. Five-year ROI reaches 38.32% and total cumulative return in cash sums $164,524. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,240/mo property income rather than buyer’s personal income.
Single Family
Built in 2017
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19970, Ocean View, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,474 (100%) |
| Owner Occupied HU | 4,415 (46.6%) |
| Renter Occupied HU | 454 ( 4.8%) |
| Vacant Housing Units | 4,605 (48.6%) |
| Median Home Value | $543,498 |
| Average Home Value | $597,639 |
Housing Distribution
Address Breakdown
Residential
6,980
Single Family
6,979
Multi-Family
1
Businesses
320
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Listed by: JENNIFER JONES • Compass
Mls Name: Bright MLS
Mls ID: #DESU2102490