224 N 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 224 N State St, Dover, DE, 19901 uses $145,860 cash to close to unlock $1,856/yr annual cash flow and $155/mo monthly cash flow. Total monthly income runs $2,701/mo, and a $2,154/mo payment keeps the spread at $155/mo. Purchase price stands at $440,000, and rental yield measures 7.37% with $2,701/mo rent. Return on cash invested shows 21.18% in year one, and 5% annual appreciation builds toward $121,564 over five years. Five-year ROI reaches 109.14% and total cumulative return in cash records $159,190. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,701/mo property income covering a $2,154/mo payment rather than investor’s personal income.
Single Family
Built in 1900
7,579 sqft 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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