22 Forest Creek 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
Rental property for sale in Dover at 22 Forest Creek Dr, Dover, DE, 19904 offers $1,519/mo rent that, after a $974/mo payment, leaves $368/mo cash flow. Total monthly income is $1,519/mo, and annual cash flow is $4,411/yr on $65,969 cash. Return on cash invested measures 26.6% in year one, and rental yield stands at 9.16% at a $199,000 entry. Equity gained on principal adds $1,284/yr while 5% annual appreciation compounds into $54,980 by year five. Five-year ROI records 138.18% and total cumulative return in cash reaches $91,158. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,519/mo property income versus a $974/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1975
3,703 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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