23 Bay Cir S, Dover, DE, 19904 | $921/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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23 Bay Cir S, Dover, DE, 19904 | $921/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Dover at 23 Bay Cir S, Dover, DE, 19904 uses $107,738 cash to close to unlock $11,055/yr annual cash flow and $921/mo monthly cash flow. Total monthly income runs $2,802/mo, and a $1,591/mo payment keeps the spread at $921/mo. Purchase price stands at $325,000, and rental yield measures 10.35% with $2,802/mo rent. Return on cash invested shows 30.17% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 157.37% and total cumulative return in cash records $169,549. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,802/mo property income covering a $1,591/mo payment rather than investor’s personal income.

Single Family

Built in 1989

8,712 sqft lot

$N/A/sqft

No HOA

More details about the property

Wonderful home located in the quaint neighborhood of Carlisle Village! If you are looking for a spacious home on an ample lot in a community with NO HOA this is the one for you! Traditional Cape Cod floor plan offers complete main level living with 2 spacious bedrooms with large closets and a full bath. Additional rooms on the main floor include the full kitchen with loads of cabinet/counter spaces, walk in pantry, breakfast bar and dining area with access doors to the rear yard. Bright and airy living room has a beautiful bay window. And last but not least the laundry room. The upper level of this home offers 2 enormous bedrooms with spacious closets and dormer areas perfect for additional seating or storage. Flanked by the additional bedrooms is the full hall bathroom. Outdoors consists of a .20 acre cul-de-sac lot with a driveway large enough for several vehicles! There is a covered rear porch (accessible from the kitchen) offering a lovely 10x24 space perfect for relaxing or entertaining! Also included is a 10x16 storage shed with electric hook up. The following items have been updated/upgraded over the years: NEW ROOF w/50 yr. warranty April 2020, NEW GUTTERS May 2017, MOST WINDOWS REPLACED April 2017, NEW Lennox HVAC system (both furnace and a/c unit)and 40 Gallon Water Heater March 2014! ***Professional photos coming***

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